Residential Real Estate
At Canoe Country Title, our experienced Minnesota Closing Agents can assist you in purchasing and or selling residential real estate. We are familiar with issues and procedures in financing, land contracts, mortgages, refinancing, and land acquisitions. Our innovative use of technology coupled with our experienced staff is sure to create the best experience possible. Contact our office to speak with an experienced Minnesota Title Closing Agent today.
Residential Mortgage Closings – Canoe Country Title assists buyers, lenders and real estate agents with sales and refinances for any type of mortgage – whether it is a first mortgage, junior mortgage, home equity loan, or reverse mortgage.
Our Services include:
- Reviewing the title commitment
- Insuring the closing is conducted in accordance with the lenders requirements
- Preparing the HUD settlement statement
- Disbursing all proceeds to appropriate parties to insure all existing liens are properly released
- Recording the documents
- Conducting all necessary closing follow-ups
Cash or Contract for Deed – Unique situations arise when there is no lender or real estate agent involved in the transaction. Canoe Country Title will advise both the buyer and seller of the steps that need to be followed in order to complete the conveyance of the property.
Witness/Notary – This service is provided to all title companies and lenders who may need an experienced agent to provide a convenient and affordable service to their client.
What is Residential Title Insurance?
Title insurance helps protect the property owner and lenders from losses related to the property’s title or ownership. Title insurance protects the owner for the duration of their ownership and covers losses up to the maximum set by the insurance. Title insurance is often paid through a one-time fee or premium.
Residential title insurance can protect the owner from:
- Unknown Title Defects (Issues preventing the owner from clear ownership)
- Existing Liens on the Property (Unpaid debts by the previous owner)
- Encroachment Issues
- Title Frauds
- Errors in Surveys or Public Records
- Other Issues That May Affect the Owners Ability, To Sell, Lease, or Mortgage the Property
Types of residential title insurance
An owner’s policy protects the owner of the property from title related losses for the duration of ownership, maximum coverage amounts are set by the insurance
A lender’s policy protects the lender from issues regarding invalid or unenforceable mortgages, maximum coverage amounts are set by the amount of the property’s mortgage.
Residential title insurance can be used for:
- Rental Units
- Vacant Land
- Leased Properties
- Rural Properties