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Important protection for Minnesota and Wisconsin homeowners

Although lenders in the state of Minnesota and Wisconsin are required by law to carry title insurance, it is the borrower’s choice whether to purchase an additional owner’s policy.

Here’s how the process works: Following a thorough search through land records and the resolution of any issues or discrepancies that arise, the owner’s title insurance policy is paid up-front at the real estate closing by either the seller or buyer. The insurance then covers the new owner for the full amount of the mortgage until the loan is completely paid off.

Title insurance serves as a safety net in the case of issues such as:

• False impersonation of the property’s true owner
• Forged deeds, releases or wills
• Undisclosed or missing heirs
• Instruments executed under invalid or expired power of attorney
• Mistakes in recording legal documents
• Misinterpretation of wills
• Deeds by persons of unsound mind
• Deeds by minors
• Deeds by persons supposedly single, but in fact, married
• Liens for unpaid estate, inheritance, income or gift taxes
• Fraud

Concierge Title® is a fully licensed real estate title company, underwritten by TICOR Title Insurance. As such, Concierge Title offers full title coverage to its clients under ALTA (the American Land Title Association). With help from ALTA, Concierge Title® is able to insure that the real estate and land purchased by its clients are fully protected according to all state and federal laws.