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estate warranty deed versus abstract of title

In Iowa- Does an Estate warranty deed replace an abstract or can the waranty deed serve as a possible lending agent ? Are the two aforestated documents related in any way ?

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Manage My Life
Shaunti-Thank you so much for the answer to my question !!!!!. But I still dont understand why if a warranty deed was exhisting in hand why an abstract would be necessary if both were bound legally by law? They both sound by descriptions I have researched to be the same? Sorry! Still somewhat confused .
by Manage My Life
April 25th, 2011
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Manage My Life
Typically (as I am not intimately familiar with Iowa's real estate laws), an abstract of title is a document that is produced that contains the history of a parcel of real estate from the beginning of statehood to the current owner. Each deed, mortgage, lease, or document that affects the real estate is listed in summary fashion in the abstract. The history is "abstracted", pulled out as a summary, An abstractor searches the court and county records to determine which are the relevant documents. The abstract is for the buyer's benefit and is typically reviewed by one's attorney prior to the closing to see if there are any concerns that would cause raised eyebrows.

A warranty deed conveys property with the following covenants or warranties: covenant of seisin (possession), covenant against encumbrances, covenant of quiet enjoyment and covenant of further assurance. This deed is to assure a new owner that the past will not be an issue, that the title is clear, issues are resolved or at least were disclosed and incorporated into the specifics of the warranty deed...but first and foremost, that ownership has legally changed.
by Manage My Life
April 24th, 2011
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afritz afritz
An expert shall have an answer to your question shortly. Usually an expert will respond to a question within 24 to 48 hours. Have a nice day.
by afritz afritz
April 21st, 2011
Answered in 48 minutes
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