What is An Abstract ?

Profile picture for marilyn boudreaux


Lake Charles, LA Real Estate Attorneys usually do not ask for an Abstract anymore to examine Title.  With today's technology everything can be found online to review.   The Abstract  should  be conveyed to the new Buyer at closing.

The Abstract is not required to close on a property but it is nice to have.

You can find alot of helpful information in an Abstract  which is the condensed history of the property containing:

  • Original land information
  • Plat Map
  • Lot & Block Diagram
  • Subdivision Restrictions
  • History of the Property
  • Recorded Deed
  • Recorded Mortgage
  • Legal Actions/Suits Filed

Sometimes Buyer will choose to have an Abstract updated at their own cost.  If there is no Abstract Buyer may also choose to have a new Abstract built.  This means binding all of the document history of the property (this is why it is more costly).

If you are a first time home buyer or have other real estate questions you would like answered, I am here to help  answer your questions in a concise easy to understand manner. [link removed by moderator]"Lagniappe Living in Lake Charles"  for up to date answers to the questions you may have wondered about! Or just pick up the phone and call me MARILYN BOUDREAUX [contact info removed by moderator

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January 19 2011 - Lake Charles
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Profile picture for ConnieK_Oklahoma

Marilyn provided a very complete and excellent answer.  the only supplement to it that I have is to say that there are still a few or at least one state (Oklahoma)  where the abstract is still required to change hands.  Since your question is for Louisana...that doesn't apply to you but on the off chance you are asking related to property in Oklahoma- thought it might be worth mentioning that it is required there.  I think there is one other state where it's required- not sure.

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January 19 2011
 
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