| marketable title in an abstract | ||
|
----- Message from "Jason R.S. Cassady" <jcassady@doughertylawfirm.com> on Tue, 3 Oct 2006 16:15:49 -0600 -----
|
To:
| <realestate@iabar.org> |
|
Subject:
| Re: marketable title in an abstract |
Our firm represents a city. When our city deeds property,
the City pays
to record the documents necessary to comply with 364.7 and Title
Standard 2.1. Often this occurs after closing, but they are recorded.
Jason
Jason R.S. Cassady, Attorney at Law
Dougherty Law Firm
801 North Avenue
Norwalk, IA 50211
Phone: 515-981-5401
Fax: 515-981-5517
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PHILIP McCORMICK wrote:
> (NOTE: selecting Reply in your email program defaults to the entire
list)
>
>
> My client is buying a lot from a city here in Iowa. The abstract
of title showed the conveyance of the lot to the city. There is no
showing in the abstract that the city has complied with Chapter 364.7.(resolutions,
notice of hearing) The city has now complied with Chapter
364.7. The attorney for the city has taken the position that
the abstract does not need to show compliance with Chapter 364.7 for the
abstract to show marketable title in the city. He is also taking
he position that the City does not need to record the resolutions etc.
either, but rather that the delivery of the documents along with the deed
is sufficient. He is aware of title standard 2.1.
>
> Any thoughts regarding this would be appreciated.
>
>
>
>
>
>
>
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