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
Community Updates
Minervas Restaurant & Bar
Minervas is located in the Arrowwood Resort in Okoboji. Their menu offers a little of everything! From classic pastas and aged steaks to seafood everyone will leave satisfied. They offer a great "Pick Two" option for lunch and the atmosphere is excellent. They also do a pasta night that seems to be a staple in the community. Getting to pick your sauce and everything that goes into your pasta which is then made right in front of you is certainly a treat for the whole family!
Cutting Edge Lawn Service
Cutting Edge Lawn Service has been proudly serving the Iowa Great Lakes Area for many years. They take pride in their impeccable customer service, and maintain strong relationships with customers, just ask your neighbors! To them, your lawn is theirs, and they want to keep it looking its absolute best. Cutting Edge's rates are competitive on all of their services, and top notch service as well. They are fully trained lawn care specialists that give 100% every time.
Their services include: Lawn Mowing, Lawn Aeration,Trimming,Spring & Fall Clean Up, De-thatching, Hedge Trimming, Raking, Weed Control, Gutter Clean Out, Landscaping, and Power Washing.
Miracle Truss Buildings
Miracle Truss Buildings may be new to area but the company name has been around for decades. This company provides do-it-yourself building kits with clear-span web steel trusses that are made right here in the USA. It is also veteran owned. You can customize kits for garages, homes, shops, RV and marine, commercial, agricultural, cabins, hangars--anything you can imagine! Call 800-208-1969 for an appointment at their design center located at 1703 Hill Ave in Spirit Lake, or visit their website at miracletruss.com to read all about them. The knowledgeable staff is ready to help you with your next project. Free quotes, too!