Header image  
 
 

 

Consultation for FSBO
(For Sale By Owner)

After a purchaser is found for real estate, the next step is to bring current the abstract of title for that property. The seller pays for the pre-closing abstract continuation; it is the seller who will bear the ultimate loss if problems occur or service is not timely. The seller chooses the abstract company.

Abstract companies in Iowa have no state licensing or accreditation. There are no state oversight procedures or even basic requirements for the establishment of an abstract company. It is, therefore, up to the individual to assure him/herself that the abstract company he/she has chosen has the professional standing, reliability, integrity and financial wherewithal to stand behind the transaction.

The staff at Security Abstract Company stands ready to review the process with you and answer any questions you may have concerning the title updating process and local and state title requirements and procedures.