NorthTitle offers a flexible closing schedule, usually at no additional charge to the customer. We offer settlement services before or after normal business hours, in your office, our office or in the borrower’s home. You may contact our office for a complete list of all fees. SERVICES
Complete Title Insurance Policy
Our title policies go through a vigorous search and examination process with the help of our professional staff. We offer two types of insurance policies, an owners and a mortgage policy. Before we issue any policy it becomes a report or what we call a commitment. This commitment states who the deed holder (owner) is, any outstanding liens, encumbrances and other defects which might affect the title of the property. This information is very important to you and will be used as a guideline to fulfill all the requirements to convey clear title. Upon completion of all requirements a closing will take place. After it closes, our final policy department will issue a title insurance policy. This policy sets out the new status of the title, which is insured. It will show the new ownership, if any, and incorporate all other changes which took place up to the date of closing. Separate policies are written to protect both the interests of the property owner and the lender. North Title Inc. insurance policies are a contract of "indemnity." The policy will protect you against any hidden title hazards for as long as you own the property. Remember, many things can go wrong during the title process which can affect clear title to the property, like clerical mistakes in the public records, previously undisclosed heirs with claims against the property, a forged deed that transfers no title to real estate and many more. We can help you fix past title defects and secure your most important investment for the future. TITLE SEARCHES: A title search is a very basic system of disclosing what's on record for a specific piece of property. It includes a complete check on the property to the present day or effective date. This type of service is used for informational purposes only. Please note, we can not insure on the examining work provided in this specific service. This search will provide you with current real estate property taxes, any special assessments and who the deed holder is to the property. Please do not try to use this information in place of a title policy. You are not receiving any title insurance and it holds no ground in the court of law. FULL ESCROW SERVICES: An escrow is an arrangement in which a disinterested third party, called an escrow agent or holder, holds legal documents and funds on behalf of a buyer and seller, and distributes them according to the buyer's and seller's instructions. is a licensed escrow holder, who can securely hold deeds, funds, and other important legal documents on behalf of the buyer and seller. Our escrow officers are experienced and trained in real estate procedures for deeds, taxes, and title insurance. If you're looking for professional escrow services to obtain approvals from the buyer on the title insurance report, pest and other inspections; disburse funds for title insurance, recordation fees, real estate commissions, and lien clearances; gather deeds and loan documents for the records, and close the escrow transaction; North Title Inc. has the experience to do all that and more. DOCUMENT PREPARATION SERVICES: North Title Inc. has the capability to prepare and assist you with all the necessary documents for any type of transaction related to the real estate industry. Our processing department can work up warranty deeds, quit claim deeds, land contracts, complete closing packages with both buyer and seller settlement statements, prorate taxes and rent, and prepare a final statement for each party indicating amounts to be disbursed for services and any further amounts necessary to close escrow. With our software designed specifically for our needs, we can successfully get you where you need to be in your transaction. If you're in need of a title company to give you correct documentation in a timely fashion, North Title Inc. can deliver for you. CLOSING SERVICES: Our closing departments work hand in hand with our processing departments. We have a group of professional closers who are capable of closing any deal. With everything running hectic and things changing day by day, North Title Inc. is able to stay calm with help of our professional staff. If you're looking for a company that you can rely on, we're the title company for you. We provide professional closers for every deal we close. We also travel to anywhere in the state of Minnesota to close, so the convenience to the customer will reflect positively on your referral. DOCUMENT RETENTION: North Title uses state of the art document retention services. Our files are stored on secure servers and backed up in the cloud. In the event that there is a fire all of our data and documents are retained virtually. We also provide the client with a hard copy and a digital copy on a jump drive. www.northtitle.com
