Posted by lamar fudd on June 15, 2011 at 10:56:30 from (50.80.38.242):
In Reply to: Re: Neat Experience posted by Mike (WA) on June 15, 2011 at 10:48:35:
In Iowa, the Abstract is golden. Mine is in the safe deposit box at the Bank; if I still had a mortgage on it, the Bank would have ownership of the abstract. I was told that title insurance doesn't exist in Iowa, as the abstract is by law the title. Very costly to replace because, as you said, it goes back to the 'beginning' of your territory and all subsequent owners, including divorces, mineral rights, etc. If I sell my place, it will have my name added to the list of previous owners.
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