Abstracting

An abstract of title is the condensed history of the title to a particular parcel of real estate, consisting of a summary of the original patent and all subsequent conveyances and encumbrances affecting the property and a certification by a licensed abstracter that the history is complete and accurate.

The abstract of title is a very valuable tool, since it furnishes the raw data for the preparation of a policy of title insurance for the parcel of land in question.  An abstract of title can also be examined by an attorney at law in order for him/her to render a title opinion.

An abstract of title will include:

All legal documents recorded in the real estate records pertaining to that parcel of land

Searches for tax liens and judgments

Current real estate taxes

Delinquent real estate taxes

Levied special assessments

Abstracts of title are not always required in real estate transactions any more, since title insurance is becoming more predominant.  Title insurance can be issued without an abstract of title by searching the real estate index at the County Courthouse, thus bypassing the need for the abstract of title.

Abstracts can be an interesting document, historically, and it is sad that they may be disappearing.  Hubbard County Abstract will continue to provide this service.