Updating Abstract on investment property

[Ernes Sahic]

Hello, I recently made a offer on my 1st investment property and it was accepted. The title company sent me a email saying they need to update the abstract and it would cost me $500-$1000 to do this. Is this something that I must do? The property is 10k and I planned on using a 0% interested credit card to fund the purchase, but the title company also said that they only accept cashiers check or wire.