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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How Great Fielders and Great Closers Are Alike

Making a Catch — or a Closing “Save” — Look Easy “Paul Blair never made a great catch because he never had to; he was always standing under the ball when it came down.” –Earl Weaver, Baltimore Orioles manager; “Paul Blair, Center for Champions, Dies at 69.”  The New York Times (12/27/2013). How are great...
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When a Homeowner’s Title Insurance Policy is Too Tempting to Pass Up

An Umbrella for Any Legal Rain Clouds Ok, so as blog post headlines go, the above may not be so sexy (maybe if I added “Kardashian”?!?). But, it’s one of the last hurdles before closing confronting Buyers. The decision:  whether to fork over $400 – $800 (or more) for a Homeowner’s title insurance policy, to supplement...
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Seller Liability for Buyer Neglect

Property Liens vs. Personal Debt Yesterday’s post discussed the aftermath of a home sale when the new owner is AWOL. Today’s discusses the former owner’s potential liability, post-closing, for any issues that result. First, a mea culpa:  while my visit to Hennepin County yesterday initially resulted in — shall we say — some “wheel spinning,”...
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Banks Try to Stick Foreclosure Buyers with Seller Transfer Taxes

“They Can’t Do That!!”  (Can They??) Add one more item to the list of annoyances — and expenses — associated with buying a foreclosure in the Twin Cities. So, word the last week or so is that at least some banks in town selling REO (“Real estate owned”) properties — also known as foreclosures — are...
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