When it comes to title work, our team at Title Abstract Service has years of experience in the industry. We're committed to providing high-quality, accurate and detailed work that's tailored to your individual requirements. Our team of experienced examiners work quickly to ensure a fast turn around time, so you can depend on our service to meet your tight deadlines.
What is a title abstract?
A title abstract is a report on the history of a property or a specific parcel of real estate. It is a combination of recorded instruments from the county recorder’s office and tax records from the tax commissioner’s and tax assessor’s offices used to identify legal interests and ownership for that property summarized in a clear and concise write up.
Why do you need a title abstract?
Having a complete history or abstract of the parcel or property is the first step required to obtain title insurance when purchasing a property. Any unknown claims to ownership, tax issues, liens, or requirements can cause huge issues in the future for the new property owner. If taxes or HOA dues were unpaid, there could be liens issued against the property. If repairs were completed on the property and never paid for there may be mechanic's liens in place. Restrictive covenants could hinder the buyer from using the property in the manner in which it was intended. It is imperative to have all of the facts up front to avoid issues down the road.
What is included in a title abstract?
A title abstract should include all transactions and occurrences that took place that could affect the land.
Deeds showing the transfer of title from one person / estate / trust / company to another (warranty deeds, limited warranty deeds, quitclaim deeds, administrator deeds, executors deeds).
Mortgages / Deeds of Trust / Security deeds showing a debt owed that is secured by the property in question giving the holder an interest in the land or property.
Releases or cancelations showing liens or mortgages having been paid and cleared from title.
Restrictive covenants showing how the land can or cannot be used.
Condominium declarations and agreements showing obligations related to ownership of a property classified as a condominium.
Easements showing where a prior owner or owners gave legal permission for another individual or company the right to pass through, over or under a property.
Liens including judgement liens, mechanics liens and tax liens.
Notices of pending litigation that could affect the property including lis pendens, divorce, bankruptcy and probate.
Title Abstracts from Innovative Title Solutions
Our experienced examiners will conduct a meticulous title exam by scrutinizing land and public records to uncover any red flags and provide you with accurate, timely, and thorough results on every order.
We will report our findings to you clearly in a detailed abstract write up along with a compilation of all recorded documents obtained during our exam.