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You can call NOW at (855) 421-8578 and SCHEDULE A TIME THAT FITS YOUR NEEDS

We schedule all of our calls to take the proper amount of time you need to discuss you specific title needs.

The Peak Abstracts will:

  • Determine your specific needs
  • Outline the best plan, strategy, and options for you

WHAT WE DO

A title abstract company plays a crucial role in the real estate industry by conducting thorough research on the history of a property’s title. The primary purpose of a title abstract is to provide a concise and accurate summary of the property’s ownership and any associated legal interests. Here’s a breakdown of what a title abstract company typically does:

  1. Property Title Research:
    • Examining Public Records: Title abstractors search public records, including deeds, mortgages, judgments, tax records, and other relevant documents, to trace the ownership history of the property.
  2. Ownership History:
    • Compilation of Ownership Information: The company compiles a detailed list of past and present property owners, along with the dates of ownership changes. This information helps establish a clear lineage of ownership.
  3. Liens and Encumbrances:
    • Identification of Liens: Title abstractors identify any outstanding liens or encumbrances on the property. Liens may include mortgages, tax liens, or judgments that could affect the property’s title.
  4. Legal Issues:
    • Uncovering Legal Issues: The company looks for any legal issues associated with the property, such as disputes, easements, or restrictions that might impact its marketability.
  5. Verification of Legal Description:
    • Ensuring Accuracy: Title abstractors verify the legal description of the property to ensure that it accurately reflects the boundaries and characteristics of the parcel.
  6. Title Insurance Support:
    • Facilitating Title Insurance: The information gathered by the title abstract company is often used by title insurance underwriters to assess the risks associated with the property. Title insurance is crucial for protecting buyers and lenders from potential title defects.
  7. Client-Specific Reports:
    • Customized Abstracts: The company provides clients, including title companies and private investors, with a customized title abstract report that summarizes all relevant information about the property’s title.
  8. Resolution of Issues:
    • Resolving Title Issues: If any title issues are discovered during the research, the title abstract company may work with legal professionals to facilitate the resolution of these issues before a real estate transaction takes place.

In essence, a title abstract company acts as a meticulous investigator, ensuring that clients have a comprehensive and accurate understanding of a property’s title status before engaging in real estate transactions. This process helps minimize risks and ensures a smooth transfer of property ownership.