Minnesota Real Estate specialist
In the land of 10,000 lakes, a cabin or lake home can provide for endless memories and fun. Here at Canoe Country Title we can assist you in the purchase or sale of your rural, recreational or lakeshore property. The agents at Canoe Country Title can help make your dreams a reality. Let us know when you’re ready to enjoy your piece of the Northwoods lakes and we will be happy to assist you.
Canoe Country Title assists Minnesota 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
What is an Encroachment?
An encroachment is when a neighbor illegally builds a structure that is wholly or partially on an owner’s property. These are a result of a lack of clear land boundaries and or planning, as a result, encroachments often occur on lakeshore properties where construction of saunas, homes, and other buildings took place before the clarified boundaries were set. Encroachments often cause title issues and can harm the purchase and sale of a property. A common remedy to this issue is a easement. An easement is a document that gives an individual other than the owner right or access to a property.
Twenty-five percent of homes have a septic system. To protect home buyers from costly and frustrating septic issues, St. Louis County created an ordinance often called a point of sale requirement which states that a home cannot be sold unless one of the following requirements is met:
- The seller discloses to the buyer that there is not a sewage treatment system on the property
- The property has a sewage treatment system with a valid certificate of compliance or notice of non-conformity
- The seller and buyer file a transfer agreement with the St. Louis County Environmental Services Center
If you are a Minnesota home owner, it is in your best interest to get a septic inspection often. A valid certificate of compliance lasts three years, so having the system inspected in a timely manner can save the property owner, a potential property buyer, and other parties a vast amount of time and money.
At the time of sale a homeowner must disclose the status of all wells on the property along with a valid sketch of the location of each well. In St. Louis County and Lake County a well is not required to be tested or inspected at the time of sale, but often the lending institution may require a well test and inspection in order to protect the buyer. Often water contaminants are found, leaving the seller distraught and unable to close on a home. Having a well tested and inspected regularly, along with the above mentioned septic testing, can truly save a property transaction.