Abstracting Services or
Abstract of Title, Tulsa OK
The professional staff at Colonial Title provides high quality and cost effective abstracting services to our clients in Tulsa and throughout the state of Oklahoma. We are a full service title company that can provide all of the functions necessary in assuring that all potential title defects are discovered prior to closing. The function of an abstracting service is to create a summary of the public records relating to the title of a particular piece of land. Our knowledgeable professionals will review an abstract of title to determine whether there are any title defects which must be cleared before a buyer can purchase a clear, marketable and insurable title.
An abstract of title or title abstract briefly summarizes the activities affecting ownership of a parcel of land. When a party agrees to purchase real estate, the party arranges for an examination of the history of the property's title. This examination is referred to as a title search. A title search is performed to determine that the seller actually owns the property and that there are no clouds on title so that the seller can deliver marketable title to the buyer. A marketable title means that no person or business other than the seller has an interest in or claim to the property.
The process of specifically discovering ownership of a piece of land by searching an abstract is complicated and tedious. The title abstract frequently will not include every transaction or event that may impact ownership of the land. The abstractor must confirm that the abstract is comprehensive by analyzing recent certifications that the abstract is correct, looking for gaps in dates and certification numbers, and confirming that a proper legal description is included with each entry. The abstractor must also conduct a credit and finances check on all individuals who appear in the abstract to confirm that none of the parties have filed for bankruptcy or incurred other debt that may cause a lien by the creditor against the property.
An abstractor must refer to a wide array of sources to confirm that the title to a parcel of land is true and correct. The abstractor reviews the original government survey, which should include gaps and overlaps in land ownership. With recent improvements in technology, surveys have a margin of error of less than one foot. An abstractor must understand the various means of describing the exact boundaries of a piece of land.
The professional team at Colonial Title will use their expertise and dedication to exceed your expectations and ensure superior quality for your Tulsa Abstracting Services. Our trained professionals provide service that is consistent with the highest standards of excellence. The Colonial Title team is ready to assist you with your Oklahoma real estate transaction by providing high quality and cost-effective services.
