How do you guys go about doing due diligence chain-of-title wise in abstracting states like Oklahoma and Iowa (I think Iowa)? I’m in a rural county where there’s no electronic access to document, so I’m forced to consult with the abstracting companies and attorneys in the area. Yet, the idea of JUST a title and lien search seems to be a foreign concept. All the abstracting companies are essentially forcing me to “build an abstract from scratch” in order to dig into chain of title, which essentially involves manually digging at the county courthouse and costs $1,200 minimum. What’s even more absurd is, according to these abstracting companies, I’m on the hook for the $1,200 even if the deal can’t close due to an incurable issue!!! All the attorneys want $500 to search through the records…
Any help is greatly appreciated.
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