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In March, Iowa Title Guaranty issued a March 17, 2021 Bulletin modifying its policies regarding residential prelien notices, i.e., Commencement of Work Notices and Preliminary Notices, on residential projects.
About Iowa Title Guaranty
Iowa Title Guaranty is Iowa’s exclusive title coverage provider, offering lenders and owners low-cost title coverage for Iowa real property. Among other things, on residential real estate sales, Iowa Title Guaranty provides assurance to a lender that the lender’s lien is valid and in the desired lien position. Iowa’s abstract and attorney title opinion system is thorough, but on rare occasions, title defects arise. Iowa Title Guaranty offers lender coverage to protect the lender’s interest from covered title defects.