Iowa City Real Estate: Don't Pay $59.00 For A Duplicate Warranty Deed
If you live in the Iowa City area you don't need to pay $59.00 for a duplicate warranty deed. Now I'm pretty sure you don't need to pay that anywhere in Iowa or the rest of the country, but since I am only 100% certain of my facts for around here I will limit this post to talking about that.
At the beginning of the year it seems there are some shady companies out there wanting to make a fast buck. They send out letters to unsuspecting new home owners offering them "bargain priced" warranty deeds. Every year I get a call from at least one client around this time asking me if they need a warranty deed and whether they should write the check. The answer on both counts is NO. You don't need a warranty deed and if you for some reason feel you'd like to have one anyway, then just pop down to the recorder's office in Iowa City. They will make you a copy for 25¢ and for $2 they will certify it!
So what's a warranty deed anyway? A warranty deed is what is signed by the sellers at closing to transfer property. After closing it goes to the recorder's office and it is recorded in the public records that the property has changed hands. The only times it's likely to be looked at again is either when the property changes hands again, or you refinance... Hard to see why you would actually need a copy yourself, but as I said if you feel you do and you live in the Iowa City area, don't pay $59.00 for it, the Iowa City recorder's office has a much cheaper solution.
Let's Connect and Get To Know Each Other...
Visit my Website and Search for Iowa City Homes for Sale
Or... Subscribe to receive regular market reports, info on schools and community updates by email
Please remember that opinions expressed in my blog are just that - opinions - not fact
For legal or accounting advice please consult with a professional
Although the information provided is deemed reliable, it's not guaranteed
