You’ve closed a transaction, completed the paperwork, and handed off the bundle to a title company. What is it, exactly, that happens behind the scenes that could impact the timely close of the sale?

In short, the title company must establish that the property in question may be legitimately transferred from seller to buyer.

To do that, the search goes to a title abstractor – an industry professional who sifts through, analyzes, and evaluates county records, including transfers, liens, and any legal actions related to the property’s title history. The goal of the abstractor is to ensure the property is free of any restrictions that could affect its sale or transfer.

It’s a job that demands attention to detail, a deep understanding of legal property terminologies, and a meticulous approach to following the historical chain of title.

Suppose, for example, that the seller owes unpaid dues to the homeowner’s association – or a lien has been placed against the property by a contractor unpaid for his work. Issues like these must be cleared or resolved before your transaction may close.

To maintain the integrity of the sale, the title abstractor will:

• Research and examine deeds, mortgages, and liens
• Identify any legal issues
• Prepare detailed summaries of the findings
• Assist in resolving title issues or disputes
• Update records and databases
• Ensure compliance with state and federal records requirements

The title abstractor to whom you entrust your deal typically has a background in real estate, law, or a related field, as well as strong analytical and problem-solving skills, and exceptional attention to detail.

Most real estate transactions sail through the title search with little or no complication. If issues arise, there is a consummate professional working behind-the-scenes to resolve them.

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This material is meant for general illustration and/or informational purposes only. Although the information has been gathered from sources believed to be reliable, no representation is made as to its accuracy. This material is not intended to be construed as legal, tax or investment advice. You are encouraged to consult your legal, tax or investment professional for specific advice.

About Bobbi Pronin

Bobbi Pronin is an award-winning writer based in Orange County, Calif. A former news editor with more than 30 years of experience in journalism and corporate communications, she has specialized in real estate topics for over a decade.

Bobbi is not an employee of Anywhere Integrated Services or affiliated with its title companies.