TITLE ABSTRACTS
In all the great business centers of the United States there are
Title Guarantee Companies, who for a consideration--to be paid by
the seller--furnish an abstract of title, and insure its validity.
In smaller places the local lawyers know how to make up an
abstract and one should be employed. Never trust the search of the
inexperienced.
An abstract of title is a memorandum taken from the records of the
office where deeds are recorded, and showing the history of the
title from the Government up to the present time.
The seller should furnish the buyer with a certificate from the
proper county officer, showing whether or not all taxes have been
paid up to the last assessment.
In addition to this, before the money is paid and the deed
accepted, the purchaser should be satisfied that there are no
mortgages, liens, attachments or other claims against the
property.
If such claims exist and are known to the buyer, he may assume
them as a condition of the sale.
