Answer Abstracts, a real property abstracting, research, and title examination firm, was established in 2008. Serving multiple jurisdictions in the Washington metropolitan area, Answer Abstracts emerged as a partner in the area’s growth by focusing on commercial and government sector projects during a slowdown in residential transactions resulting from the mortgage crisis and a weakened economy. Founded by four (4) professional women who are leaders in the local real estate and financial services industries, the firm leveraged its experience, expertise, and capabilities to mine public sector opportunities that were created from regional investment in infrastructure and large development projects.
A small, minority owned-firm, Answer Abstracts built its own in-house title abstracting service around a Chief Title Examiner (Resident Expert) who has over 35 years of experience with complex titles. The examiner’s expertise researching property and land use history beyond reviewing online databases makes Answer Abstracts an invaluable member of local development teams that include surveyors, real estate agents, environmental engineers, and other specialists. Our diverse service model is based on self-performing a range of title services from residential title examinations to guiding complex commercial projects to acquisition consulting involving easements, rights-of-way, and land transfers. The title search or title abstract is a detailed review of the historical transactions unique to a particular parcel of land including all agreements, easements, licenses, or other instruments, in the possession of the owner or seller of the parcel, evidencing a potential present property interest. It is a summary of the findings of the title examination relating to a property and is produced when a parcel of property changes ownership or is transferred through either a sale or inheritance. The title examination involves creating a “chain” of title of those parties who have had an interest in the property being searched. Grantor and grantee indices are checked as well as all other necessary public records (land records, state and federal court records, vital/orphan’s court, tax records, and the state departments of tax and revenue).