Real Estate Abstract System

From HistoryWiki

Real Estate Abstract System

Wikipedia article about Property Abstracts

Definition: An abstract of title is a written history of all the recorded documents and proceedings related to a specific property.

Examples: An attorney or a title company will research all the recorded records related to a property and prepare a written history.

History: An obscure young law clerk, Edward A. Rucker, devised a system of keeping track of every recorded instrument and legal proceeding affecting real estate titles. This saved attorneys the laborious task of searching official records in connection with transfers of real property. It was a valuable service that was welcomed.

Originator

Edward A. Rucker

Early Adopters

Horace Gair Chase

Samuel B. Chase

James H. Rees