The 4 things you need to know About Title Insurance in 
Minnesota

The Title-Owning land is one of the most precious values of freedom enjoyed in this country. You can buy it, sell it, invest in it, and trade it as you see fit. Change of ownership, to be legal, requires a formal exchange of title (deed).

1) A deed is a written document that created an interest in property. When recorded, the deed puts the world on notice of the estate or ownership of an interest in property- it is not a complete history of the title to the property it conveys. To learn the history of a property and see how it may affect the current ownership, it is necessary to conduct a thorough examination of the title.


2) Title insurance eliminates many risks and losses caused by defect in title from an event that occurred before you owned the property. Title insurance is different from other types of insurance because it protects you from a loss that may have occurred in the past. Other types of insurance cover you against losses that occur in the future. Another difference is that you pay a one-time premium. A title insurance policy protects you from risks or undiscovered interested for as long as you own the property.There are two principal forms of title insurance: lender's and owner's.

3) Lender's - A lenders policy protects the mortgage holder from defect in title that results from a loss.

4) Owner's - An owner's policy protects against losses that may occur from a defect in your ownership or interest you have in the property.

Examples of coverage include but are not limited to the following:

• Invalid documents completed by an expired attorney
• Invalid deeds delivered after the death of the grantor
• Fraud
• Claims for unpaid estate inheritance and gift tax against prior owners
• Undisclosed descendents of former owners
• Protection from financial loss due to demands charged against the title to your home, up to the cost of the title policy
• Payment of successful claims against the title to your home covered by the policy, up to the cost of the policy
• False impersonation of the true title holder of property
• Forged documents
• Deeds by persons of unsound mind, minors, or supposedly single persons but actually married.

Your Hittner Group Real Estate Agent is an expert in Twin Cities home styles and neighborhoods.

Your Twin Cities Real Estate Agent is someone that you can trust to be attentive and courteous and at the same time knowledgeable in all facets of the Twin Cities real estate market.

Your Twin Cities Real Estate Expert will service you quickly and efficiently while still making that extra effort to make your search to buy or sell your home in the Twin Cities of Minnesota as enjoyable as possible.

Before you start any property search you should get pre-approved with a quality home Mortgage Provider.

An Approved Twin Ciies Real Estate Agent is waiting to take your call right now!

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