Header Image

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

Local Expert Updates

Matt Lippon

Cell: 712.330.0604

Janie Eick

Cell: 712.339.0574

Aaron Jones

Cell: 454.545.6565

Community Updates

Okoboji Boat Works

Okoboji Boat Works in West Lake Okoboji

Okoboji Boat Works is home to "The Fish Shack" and "The Inconvenience Store". Formerly a marina of thriving boat sales since 1890, OBW now offers up many different rentals, a 24 hour gas dock, excursion boats, and more. I remember the days as a child of fishing for crappie and blue gill here and along the docks of Smith's Bay. Though the scenery has changed, the outstanding fishing has not.

Okoboji Elementary School

Okoboji Elementary School in Milford

Welcome to Okoboji Elementary School, where we are blessed to serve over 470 students in preschool through 4th grade. We are continuously Pioneering Pathways for Every Student as we strive to make learning engaging and relevant for each and every student. We take pride in the academic instruction that our students receive and in the fact that our students consistently demonstrate high competencies in reading, math, and science, but also that they develop the critical thinking, communication, and problem- solving skills they will need to be successful beyond their years at OES. We are committed to making sure our students’ needs are met, whether it be basic needs, social/emotional needs, or academic needs.

We would love for you to arrange a visit to Okoboji Elementary School to experience the positive culture of the building and to see first-hand the compassion and commitment of our staff. We are confident that you will see it as a place where your child will thrive.

Yours in Education,

Justin Bouse
Okoboji Elementary School Principal

Okoboji Middle School

Okoboji Middle School in Arnolds Park

Okoboji Middle School is a place where we are Pioneering Pathways for Every Student. We focus on giving EVERY student access to a world-class education in small-town Iowa. We do this in three primary ways:

We employ staff who care deeply about the lives and learning of each student. From the classroom to the kitchen, we believe positive relationships between our staff and students form the foundation for all student learning.
We focus on preparing students with the competencies and skills needed to thrive in the world beyond our school. All teachers use a common language focused on developing the following five competencies in all our students:
Critical Thinking: The ability to incorporate key information to develop solutions to complex problems
Productivity & Accountability: Demonstrate initiative, self-direction, and personal responsibility to create quality results.
Complex Communication: Successful sharing of information with a clear message.
Collaboration: Respectfully working within a group to achieve a common goal.
Growth Mindset: The incorporation of creativity, unique thoughts, curiosity, and innovation in learning.
We focus on creating learning experiences to prepare our students to solve the problems of tomorrow. Nowhere is this more exemplified than in our Midmester Academy. Through our Midmester Academy, students spend over 120 days throughout their middle school career engaging in 24 real-world, interdisciplinary, problem-based courses. Their experiences culminate in an 8th Grade Capstone Project, where students showcase their middle school learning to a panel of peers, family, and faculty.

Please click HERE to access our Midmester Academy Handbook and Course Booklet.

We hope you will take to time to peruse the Midmester Academy Handbook Course Booklet and navigate our website to learn more about our school. Most importantly, we want you to know that if you are considering Okoboji Schools for your family, we would welcome the opportunity to give you a guided tour of our facilities, which will include a detailed exploration into the programming we offer our students. Please contact any of our school offices to set up a tour.

Yours in Education,

Ryan Cunningham
Okoboji Middle School Principal

Subscribe To Our Newsletter

The newsletter is sent periodically and will update you on the latest real estate news and offers.