How do you fix a lost abstract?

[Nathan Hughes]

I'm currently in the process of buy an investment property from a private seller. I have secured financing and I've finished my due diligence. The bank called me yesterday and said that the abstract company was sold two years ago and the company that purchased them has no record of the property. I'm sure this isn't the first time this has happened in Oklahoma. What are the steps needed to walk the seller through fixing the problem? Thank you in advanced.