What is an Abstract?
An Abstract is a collection of documents that show the history of the property and any claims against it.
Why is an Abstract important?
Since an Abstract details the historical legal history of a property, it is extremely important for buying and selling.
Are you required to have an Abstract in Iowa?
An abstract is a vital and essential part of conducting real estate transactions within the state.
Who holds the Abstract?
Typically, the owner of the property who also has the deed holds onto the abstract.
What is abstracting?
Abstracting refers to the locating and reorganizing of the property history.
What is a New Abstract?
A new abstract is ordered when the original abstract has been lost or destroyed, a new parcel is established, or a parcel is being divided and/or sold.
What is a 1st Continuation?
A 1st continuation, also referred to as an initial continuation, initial abstract update, or preliminary abstract update is ordered when an existing property is being sold, parceled off, divided, or refinanced.
What is a 2nd Continuation?
Commonly referred to as a final continuation or post-closing update, a 2nd continuation is ordered after the property transaction is completed and all necessary documents have been filed.
What is a Stub Abstract?
A deed forward abstract continuation. It is date specific and is not a 40-year marketable title abstract.
What is a Lien Report?
A Lien Report is a report of liens upon the current owner and the real estate described. We offer a variety of Preliminary, Post Closing, and Gap Lien Reports, as well as Title/Ownership Reports, and can customize reports to meet your specific needs.
