0
Title abstractors research historical documents to trace the ownership of a property back to its origin. They provide a summary of the property's legal history, including any liens, encumbrances, or restrictions that may affect its ownership. This information is crucial for real estate transactions to ensure a clear title transfer.
Wiki User
∙ 13y agoTitle abstractors review the chain of title for a number of defects, including liens on the property, easements, rights of way, water and mineral rights, and other encumbrances
Add your answer:
Earn +20 pts
What is another name for title abstractors?
Title examiners are also known as title abstractors
What SIC covers title abstractors?
SIC 6541 covers title abstractors
Does SIC 6541 cover title abstractors?
SIC 6541 covers title abstractors
Who employs title abstractors?
Title abstractors are typically employed by title insurance companies, land development companies, and state and local governments
What are title examiners also called?
Title examiners are also known as title abstractors
How do you find a list of companies that need real estate title abstractors?
The title abstracting profession is not widely open to new members. There aren't enough open positions to generate a list of opportunities. In the past a title abstractor would acquire some legal background often via paralegal studies and apprentice with a real estate attorney for several years to acquire the skills needed to abstract land titles. The attorney would take an interest in educating the abstractor because she/he would eventually be writing title certifications based on the abstractor's work. The abstractor would work under the direct supervision of an attorney. Then came lower standards with thousands of inexperienced people performed "title searches" for extremely modest fees during the sub prime boom. New lawyers with no experience set up title companies and sent abstractors with no experience out to do title searches. That practice has resulted in thousands of title problems that will be costly to correct. Many of the "companies" that were hiring title abstractors were servicing sub prime lenders. No lawyers were involved and the abstractors knew little and learned nothing. Many of those companies are no longer in business. Also, the sub-prime crises and economic recession has drastically reduced the number of real estate transactions causing a similar reduction in the need for title abstractors. The need for title abstracts is at its lowest level in decades. There are many qualified title examiners presently unemployed. Many experienced title companies have closed and real estate law firms have closed their title divisions due to lack of work.
What are some related jobs to a lawyer?
Legal training is necessary in many other occupations, including paralegals and legal assistants; law clerks; title examiners, abstractors, and searchers; and judges, magistrates, and other judicial workers.
What other jobs are like lawyers?
Legal training is necessary in many other occupations, including paralegals and legal assistants; law clerks; title examiners, abstractors, and searchers; and judges, magistrates, and other judicial workers.
What are some related fields of becoming a lawyer?
Legal training is necessary in many other occupations, including paralegals and legal assistants; law clerks; title examiners, abstractors, and searchers; and judges, magistrates, and other judicial workers.
What other career can you use from a paralegals education?
Among the other occupations that call for a specialized understanding of the law but do not require the extensive training of a lawyer, are law clerks; title examiners, abstractors, and searchers; claims adjusters, appraisers, examiners, and investigators; and occupational health and safety specialists and technicians.
What is the pay scale for abstractor?
That depends on the region and the nature of the abstracting. Rundown people work very cheaply and operate on a quick turn-around basis. More experienced abstractors with extensive legal backgrounds perform more in depth exams and get paid more. Some firms specialize in quick turn-arounds and pay very little for work products. Some firms expect a comprehensive title exam and are willing to pay more for a quality report.
How can you be a service company that researches property tax liens for title insurance companies online?
A professional abstractor (person who searches county, state and municipal records) can provide their services to title agencies. The method of their delivery is up to what works best for them, whether it be fax, overnight or online/electronic delivery. Most title agencies insist that their abstractors have several years experience in the business, since each state, city or county's record keeping methods vary from state to state. An abstractor typically goes to the county clerk or munipality to research the property. Some states/counties have their records available online, either free to the public or by subscription. It is important that the abstractor is thorough in their research of a property.
