Abstract Of Title
Categories: Board of Directors, Company Management, Incorporation, Real Estate
So, the IOT, or Internet of Things, has this little device that can read your cell phone number. There's a device on a chair at a university near you. From it, you can glean who (for the history of that chair, as long as IOT has been around and that device secured to it) has had their butt on that chair. Everyone. Since the beginning. Well, that's what Abstract of Title is...for title to real estate.
Why is this even a Thing, or remotely necessary? Well, you can imagine how nefarious people might fraudulently lay claim to ownership of a property. Or alternatively, someone might be misrepresenting that a property is for sale...that it's theirs to sell. The buyer then wires a million bucks into their bank account to buy it. They then wire that money to their Bank o' Somalia and the million dollar theft is done. Don't let this happen to you. Pay the 300 bucks to get the abstract of title detailing every single person who has ever bought that property, so that when it's your money wiring in to buy it, your butt isn't left...without a chair.
