Industry News with Modern Abstract and Title
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What is an Abstract?
In the United States, the abstract of title furnishes the raw data for the preparation of a policy of title insurance for the parcel of land in question. An abstract of title is the condensed history of the title to a particular parcel of real estate, consisting of a...
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Will contain every document recorded from inception.
Transcript
Transcript Is a certified copy of a specific court case.
Evidentiary Affidavit
Evidentiary Affidavit is an affidavit used to compile all the information regarding a particular individual(s) typically relating to a court case.
Supplemental Abstract
An abstract that contains only documents recorded from a specific date range. A supplemental can be prepared when here is prior work to commence from; a complete abstract, prior title insurance file or an examining attorney who has previously examined title and has a complete opinion.
Final Abstracting
Final Abstracting is and extension of an existing abstract. It is common for a final abstract to be performed in order to reflect that all documents recorded have meet the requirements set forth by either attorney’s examination and opinion or the commitment for title insurance.
Special Certificates
Special Certificates are often ordered by lenders, and will include information such as UCC certificates, Tax Certificates, Judgement and lien certificates, special assessments, and buyer’s name certificates. The information contained in a special certificate may not be reflected in a standard abstract.
Ownership/Zoning Reports
Ownership/Zoning Reports is a compilation of all property owners within 300 feet of the subject property. Common reasons to order an ownership/zoning report is for the purpose of rezoning.
GAP Check
GAP Check is performed to determine if any documents have been filed between the date of title work and the date of closing that could affect the transfer of the property.
Research and Professional Time
All time spent on requests outside of our normal services are subject to a research fee. This will include assisting with determining a legal description, research for documents or any other unusual circumstances.
Re-Certification of an Abstract
This is generally performed when the original abstract does not include all the land associated with the transaction. Often this involves adding additional land to the existing abstract.
Our Experience
Modern Abstract & Title’s experience in real estate law, commercial real estate transactions, and technology puts us in a unique position to offer unrivaled service and complex transaction knowledge, putting our clients at ease every step of the way.
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Modern Abstract & Title is backed by strong leadership our team has the talent and tools to get the job done efficiently and seamlessly.
Our experience in real estate law, commercial real estate transactions, and technology puts us in a unique position to offer unrivaled service and complex transaction knowledge, while putting our clients at ease every step of the way.
Our leadership team has combined experience of over 40+ years. Our ServicesOur TeamContact Modern Abstract and Title
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Providing services in the State of Oklahoma, specializing in Bryan County, Marshall County, Choctaw County, Johnston County, and Atoka County.