Idea to send: |
Topic | Abstracting |
Content | With Oklahoma and Iowa as the two remaining states who have abstracts of title, I feel it is well past time for Oklahoma to go to title insurance for properties changing hands or mortgage companies lending money on homes or businesses. Having been an abstracter and owner of an abstract company for a number of years, I saw borrowers and purchasers of land get double-charged for proving the marketability of a title. Abstracts are unnecessary in property transactions when all lenders and most buyers require title insurance as well. |
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