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
Janie Eick
Cell: 712.339.0574
Matt Lippon
Cell: 712.330.0604
Brooke Jones
Cell: 641.420.2172
Aaron Jones
Cell: 712.320.9442
Greg Sheeler
Cell: 712.330.1573Community Updates
Prairie Chick
2327 170th St
Okoboji, IA 51355
Prairie Chick is a great place to go for your morning coffee, for breakfast, lunch or just a spot to get away and read a newspaper. The atmosphere is great, There are numerous rooms and seating areas, including a fireplace where you are most likely going to find a local or two reading a newspaper waiting for someone to start up a good conversation with.
Very family friendly as well. In door and out door seating and a garden in the back where they grow alot of the ingredients used in their food.
They offer great coffee, scones, quiches, oatmeal, as well as other pastries. For lunch they also offer sandwiches/soup.
Their menu often changes from day to day, so stop in often and taste a little of everything.
Pas and Toale Dentists
At Pas and Toale Dental we have designed our office to give you and your family a great dental experience that is gentle, enjoyable and timely. We have the expertise to solve any dental challenge that you may have and allow you to get back to living life to the fullest! You’ll quickly notice that our dentists, hygienists and staff are dedicated to bringing you friendly service using a compassionate touch. Give us a call at (712) 338- 2449 to schedule an appointment today!
Studio 1328
Looking for a photographer for your wedding or event in Okoboji? Need to update your family photos? What about branding or marketing assistance with your business? Studio 1328 offers it all! They are a mulit-faceted creative studio focused on the needs of their customers and the demands of today's market. Jen does everything from your newborn's photos to your new webpage for your business. Check out not only her studio webpage, but also her Okoboji magazine, Lake Life! http://www.lakelifeokoboji.com