Tag

encroachment

Exactly What’s “Limited” in a Limited Warranty Deed?

Edina Realty’s 2016 Realtor Continuing Education, Cont. [Editor’s Note:  The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.  If you need legal advice, please consult an attorney.] What does a former corporate attorney who’s been selling real estate for over 14...
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“Houston, We Have a (Closing) Problem”: a Saga of an Encroachment, a Blown Closing, and — Eventually — a Happy Ending

When One Word (“PROPOSED House”) Looms Large Test your knowledge of encroachment issues, and see if you can detect a problem in the photo above. Give up? The northeast corner of the home on the pie-shaped lot clearly encroaches on the lot immediately to the east. Make that, the lot underneath the Minnetonka home my...
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Do Buyers Really Need Owner’s Title Insurance? Three Questions to Ask

Cost-Benefit Analysis [Editor’s Note:  The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.  If you need legal advice, please consult an attorney.] Homeowner’s title insurance really isn’t like any other insurance consumers buy. Unlike health or life insurance, it doesn’t protect...
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Choosing a Title Company

A Realtor’s Perspective While the Realtor serves as the deal “quarterback,” there are many other professionals involved with a residential home sale. They typically include a lender or mortgage broker; a home inspector; and a title company and closer. Of the three, title is easily the most obscure, but hardly any less important: a defect...
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