Buying- Title Work

What is Title?

Title is a term that describes your legal right to own, possess, and control property

What is Title Insurance?

Title insurance is an insurance policy that protects you in case there are disputes with the title of the property. There are 2 different types of title insurance policies: one to protect the bank called the lender’s policy, and one to protect the buyer called the owner’s policy.

The lender’s policy usually provides protection for the amount of the loan, and is usually required by the bank. The owner’s policy is optional, but will cover you (as a buyer) if a claim is made against the title. It usually covers all legal fees to defend and challenge the title to the insurer (you, the buyer), with a deductible.

What Kind of Problems Can Happen With Title?

Title problems, fortunately are rare, but things can and do happen. The main reason to have title insurance is in case of a title defect, or a cloud on the title. This means that somewhere along the line, the seller did not have full authority to sell to the buyer.

Choosing a Title Company

A title company is where the closing for your home will be held. The closing is where you, the buyer will sign paperwork to transfer the title from the sellers to you. In choosing a title company make sure they have a location that is convenient to you.

We can provide some guidance as to which Title companies you may wish to consider.

Contact   Info

Drop us a message. Ask us a question. Contact us.


7700 France Ave S #230
Edina, MN 55435
(952) 915-2252 (direct office)
(952) 884-8404 (office front desk)

Steven Hong, REALTOR
Team lead
Old Home Certified
(612) 990-9009

Each office independently owned and operated.  All information is deemed reliable but not guaranteed, and should be independently reviewed and verified. Equal opportunity housing. 

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