What About Title Insurance?
Title insurance is a policy that protects against financial loss stemming from problems found in a property's title, or legal ownership.
However, Iowa is the only state that does not allow private companies to sell title insurance. The state has a public title guarantee program. In Iowa, the property abstract is updated and then an attorney's title opinion (title guarantee commitment) is prepared. The program is laid out like this. (From the Iowa Finance Authority) The Iowa Legislature created Title Guaranty to provide guarantees of Iowa real property titles, facilitate mortgage lenders’ participation in the secondary market and to help assure the integrity of Iowa’s land-title system. As a division of the Iowa Finance Authority, Title Guaranty is totally self-supporting. All revenue in excess of operation expenses goes toward home ownership programs for first-time homebuyers. Title Guaranty’s profits are re-invested in the state of Iowa. Title Guaranty offers Commitments, Certificates, and Endorsements that provide low cost title protection for real estate located in Iowa. Title Guaranty issues coverage based on an abstract and attorney title opinion. Once a participating abstractor prepares an abstract, a participating attorney reviews and then issues a title opinion or Title Guaranty Commitment. All Title Guaranty Commitments, Certificates and Endorsements are issued using the industry standard ALTA forms. For a residential transaction, coverage up to $500,000 is just $110 and an additional $1 per thousand over $500,000. Most common endorsements are offered at no charge. For a non-purchase residential transaction such as a refinance or second mortgage, the premium is just $90 for coverage up to $500,000. As of April 1, 2007, Title Guaranty provides FREE Owner’s Coverage when issued in conjunction with Lender’s Coverage. For more information on rates, click onForms and Documents. Once the transaction is complete and new mortgage documents are recorded, the abstract is updated. Then, either the participant or Title Guaranty will issue the Certificate.Get In Touch
share
Local Expert Updates
Brooke Jones
Cell: 641.420.2172
Janie Eick
Cell: 712.339.0574
Aaron Jones
Cell: 712.320.9442
Greg Sheeler
Cell: 712.330.1573Community Updates
Okoboji Expedition Co.
Okoboji Expedition Co is a bicycle and outdoor sports store in Okoboji, Iowa. We are located on the eastern shore of West Okoboji Lake in the Iowa Great Lakes region. The Okoboji Expedition Company carries bicycles, kayaks, cycling apparel, cross country skis, and snowshoes along with all the needed accessories for all of the above. We also specialize in custom bike fittings and offer winter spinning classes.
We offer bicycle products from Specialized, Cervelo, Co-motion and Alchemy. We also stock Oru kayaks and paddle boards from SOL, Tubbs snowshoes, Atomic cross country skis and outdoor clothing from Mavic, Pearl Izumi and Louis Garneau. Stop in and see us… you’ll be glad you did.
Nautical Bar & Grill
This Bar/Restaurant has an amazing selection of beers on tap and bottled to suit any beer drinkers needs. Nautical serves lunch & dinner and be sure to try the wings, which are made with homemade sauces and cooked to a crisp perfection. A great atmosphere in the heart of Arnolds Park.
St. Patrick's Day!
Check out Emmetsburg for your St. Patrick's Day celebration! You may just be surprised what a great location this is for some fun. It was even featured among the 10 most surprising places to celebrate St. Patty's!. See for yourself below!