Abstractors must recognize which documents could be erroneous or void. The abstractor must have sharp analysis skills. (That said, expect the process to evolve as real estate market data generally becomes more accessible and high-tech.) A property’s complete title history may be contained by numerous record books, and is time-consuming to find. Today’s abstractors typically research a property by searching county records and by using records already stored in their abstract plants-sites managed by title-insurance companies to hold copies of documents. Counties typically store their records by year. The same person who prepares the abstract. States, an attorney who earns a commission on the title insurance product is Today’s abstractor studies under an experienced abstractor and may be licensed by the state. For example, an Oklahoma abstractor is licensed by the state board. Person who researches this history, summarizes the relevant documents, andĬertifies the binder as true and complete. Title abstract goes back in history to the earliest available records-sometimesĪs far back as the original land grant or patent deed from the U.S. The abstract offersĪssurance that the property is just as the seller represents it, both in theĪccuracy of its physical description and the integrity of its title. Is used for verifying a property’s marketability. Long each held title, and what each paid for the property. It shows the names of all the owners, how
Written chronology of all recorded documents and proceedings related to a
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