A California company has agreed to stop marketing real estate documents to Iowans under a deal reached by Iowa Attorney General Tom Miller.
LA Investor Incorporated has agreed through a voluntary compliance agreement to permanently stop marketing property deeds, real estate titles, and collecting money in Iowa for documents that are readily available at little to no cost.
The settlement stems from a complaint filed by a Cedar Falls man, who received an official looking letter from the “Local Records Office,” saying he needed to respond by a certain date and pay $89 for a property profile and property deed. The company also lists a return address in Des Moines, which is actually forwarded to California.
“If you really need property records, you should contact your county recorder’s office and find out what’s available,” Miller said. “The records may be available online, or you may need to go through the county office. Either way, the records may be free or cost you a very small amount. They certainly won’t cost you $89.”
Miller and the Consumer Protection Division began investigating the scheme and intercepted more than 50 checks from Iowans who received the mailing. Those checks will be returned to the senders.
Although the company agreed to stop its services in Iowa, it denies any wrong doing.