Clark
Title Company maintains an up-to-date title plant with experienced personnel for
preparing new abstracts and continuation of abstracts.
What
is an abstract?
An
abstract may be defined as a "compilation, a synopsis or a statement of all
recorded facts which in any material way affect the title to the property
abstracted." Such facts are usually arranged chronologically, and are
intended to show the origin of the title including all subsequent transactions
of any liens, judgments, unpaid taxes and special assessments for improvements.
Sometimes instruments are shown for reference only.
The
purpose of the abstract is to afford the prospective buyer, or mortgagee, a
speedy, convenient and safe method of ascertaining the condition of the title.
By its use the purchaser or attorney may see the condition of the title as
disclosed by the record, without having to make a specific inspection of the
original instruments; or without making a lengthy search of the various records
where information concerning the title is found.
