Property Ownership

An Iowa property owner passes away with no will and no known heirs. Under Iowa law, the property will:

ABe transferred to neighboring property owners
BEscheat (revert) to the State of Iowa✓ Correct
CBe held in trust by the county recorder
DBe auctioned by the Iowa Real Estate Commission

Explanation

Escheat is the legal process by which a deceased person's property passes to the state when there is no will and no identifiable heirs under Iowa's intestate succession laws.

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