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Abstract

What is an Abstract of Title?

An abstract of title is a bound compilation of historic information concerning a tract of land based on its legal description. An abstract shows the entire chain of ownership from the time the title to the property was first recognized by the government to the present. This set of documents will also include any items filed in the court clerk’s office that pertain to the land. Therefore, the abstract can be used to establish “marketable title” to a piece of property. When the abstract has been brought to date, an abstractor will place a “certificate page” at the end of the abstract. This page certifies that the abstract includes all pertinent documents filed in land records, ad valorem tax payment status, personal property tax payment status, and any other court items that fall within the time period covered by the certificate – from the date the abstract was last certified to present.
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Terminology

Unmatured Special Assessments Certificate: A certificate coming from the last abstract certification date that certifies as to the status of personal taxes, city liens for mowing and clearing, and securing open structures. The search is conducted by searching county clerk and county treasurers’ records for the owners’ names and the legal description.

UCC Certificate: A certificate coming from the last abstract certification date that certifies as to any outstanding UCC Financing Statements filed through Central filing in Oklahoma County.

Special Certificate (Judgments and Liens): A certificate based upon a 30-year search that certifies as to any outstanding judgments and liens of record, other than outstanding mortgages.

Special Certificate (Buyer Name): A certificate based upon a 30-year search that certifies as to any outstanding judgments and liens against the buyer to a transaction.