{"id":3114,"date":"2017-09-08T08:22:14","date_gmt":"2017-09-08T12:22:14","guid":{"rendered":"https:\/\/www.zolo.ca\/news\/?post_type=encyclopedia&#038;p=3114"},"modified":"2020-08-18T14:57:04","modified_gmt":"2020-08-18T18:57:04","slug":"abstract-of-title","status":"publish","type":"encyclopedia","link":"https:\/\/www.zolo.ca\/blog\/glossary\/abstract-of-title","title":{"rendered":"Abstract of Title"},"content":{"rendered":"<p>The abstract of title is a written report that provides a legal history of a property. As part of a property&#8217;s title search, the abstract of title provides a brief history of all the legal actions and decisions related to the property or parcel of real estate as recorded in the local Land Registry Office.<\/p>\n","protected":false},"author":3,"template":"","meta":[],"class_list":["post-3114","encyclopedia","type-encyclopedia","status-publish","hentry"],"acf":{"custom_title":"What is an abstract of title?","why_important":"<p>The abstract of title is typically\u00a0completed by your real estate lawyer or notary and provides a snapshot of all <a href=\"https:\/\/www.zolo.ca\/news\/glossary\/mortgage\">mortgages<\/a>, liens, litigations, easements and taxes registered against a property.<\/p>\n<p>The abstract of title is important, as it can be used to determine if there are any claims against the property\u2014claims that a potential buyer may have to assume if they take ownership of the property.<\/p>\n","examples_of":"<p>Let&#8217;s say you want to buy a home located at 123 Spruce Street. As part of the transaction, your <a href=\"https:\/\/www.zolo.ca\/news\/glossary\/agent\">Realtor<\/a> or legal representative obtains a copy of the property&#8217;s abstract of title. This legal document informs you that while the seller is authorized to sell the property, there are two liens. One from a renovation contractor that wasn&#8217;t paid in full and another for unpaid property taxes. If you proceed with the sale without addressing the liens, you may be on the hook.<\/p>\n"},"_links":{"self":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/encyclopedia\/3114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/encyclopedia"}],"about":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/types\/encyclopedia"}],"author":[{"embeddable":true,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"wp:attachment":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/media?parent=3114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}