I own my home, should I have the abstract in my posession?

Question

Where would I get that information if I don't? Thanks for your help.

Answer 1

Yes, you should have the abstact in your possesion. Maybe your bank has it if you borrowed from them or you should be able to get it from your county office.

Answer 2

Depends where you are. If in England and you own your home without mortgage you should have one of the following:-

If the property is freehold;
If unregistered
A set of deeds consisting of an Abstract of Title, Conveyance and local authority and Land registry searches together with any previous ones.

If the Property is leasehold;
If unregistered
As above but with a Lease instead of the Conveyance.

If the property is Registered Land you should have a Land Certificate or Charge Certificate.

If you have none of these documents check with the solicitor who handled the purchase or if previously mortgaged the bank or building society who lent the money.

Failing that ask a solicitor to conduct a search at the Land Registry to see if he can trace your title.

If you are in another country I am unable to help

Answer 3

Alot of homes anymore don't come with abstracts. Title Insurance has eliminated them. If there is an abstract on your property, it is being held by the Title Company that was present when you closed your deal. You'll probably never get the original, but some companies will copy them for you, Good Luck.

Answer 4

You certainly should! but the banks do like to hold on them, if you let them. They will probably have the cheek to demand a payment to release them in to your custody!!!