What is Title Insurance?

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Title insurance is a type of indemnity insurance that protects the holder from financial loss sustained from defects/fraud in a title to a property.

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How long does it take to close on a home?

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Generally speaking most mortgages can close within 30 days.

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What are the fees associted with Minnesota Title?

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Closing Fee:

REFINANCE

$275.00

PURCHASE

$545.00

WITNESS ONLY

$150.00

FSBO DOC PREP FEE

$450.00

CASH/LAND CONTRACT $300.00

SPLIT CLOSING FEE/SELLER SIDE ONLY $150.00

Additional Fees: WIRE

$35.00

OVERNITE PKG

$25.00

DEED ESCROW

$150.00

TITLE SEARCH

$275.00 (plus recording fees, if any)

COMMERCIAL SEARCH

$375.00

CONSTRUCTION DRAW

$250.00

E-RECORDING FEE

$10.00

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What are escrow services?

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Escrow refers to the process in which the funds of a transaction are held by a third party (ie. Minnesota Title) prior to the fulfillment or closing of the transaction.

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