An abstractor is someone or something which abstracts something, or a person who finds and summarizes information for legal or insurance work.
There is no such thing as an 'Abstrator'. There is however 'abstractor'. It means "one who makes abstracts or summarizes information".
There is no such thing as an 'Abstrator'. There is however 'abstractor'. It means "one who makes abstracts or summarizes information".
Absolutely. As a Title Abstractor I see deeds in the name of corporations everyday.
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.
Abstractors can generally make whatever they want. If you are motivated you can earn well over six-figures a year. It basically depends upon location and the basics of reliablility and accountabililty. Take it from me, even when the economy was bad I had plenty of work.
You file a "mechanic's lien" on the property at the courthouse where the property is located. Then, when the property is sold, and abstractor's office does a "search" of the property(looking for liens, etc) the unpaid debt will show and will at that time be addressed for payment prior to closing. All properties must be "free & clear" of all liens before transfer of title can happen. You file a "mechanic's lien" on the property at the courthouse where the property is located. Then, when the property is sold, and abstractor's office does a "search" of the property(looking for liens, etc) the unpaid debt will show and will at that time be addressed for payment prior to closing. All properties must be "free & clear" of all liens before transfer of title can happen.
out of technicality, none of them. try the words ignorant or uneducated.
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.
Methane can be protonated by superacids to the carbonium ion: H+ + CH4 -> [CH5]+ So methane is a Lewis base but, like helium, it is an exceedingly feeble proton abstractor. and They can lose a proton, but their tendency to lose a proton is so small that the term acid would not normally be applied to them.
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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.
Educational background is less important than actual commercial real estate industry experience. Market Resarch analysts, financial analysts and appraisers from Commercial real estate firms are good candidates. People with business, legal, para-legal, and financial degrees tend to be hired by commercial real estate services firms. Skills required: eye for detail ability to summarize legal clauses to the least amount of words but that retain the vital information Technology: must be able to learn various lease administration platforms used by clients and assimilate client protocol with lease abstration protocol