Activities Related to Real Estate Forms for Hennepin
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FAQ
In order to claim title under Minnesota's adverse possession law ("Recovery of Real Estate"), you must be in possession of the property for 15 years and pay taxes for at least five consecutive years. The statute excludes certain boundary line disputes (see 's Property Boundaries section to learn more).
If you are the owner of the property you may obtain a copy for free by calling 612-348-5139.
Abstract of title is a record of the title history of a property or other significant asset, including transfers, liens, and legal actions that are connected to the property.
Abstract property may be registered to become Torrens property. With Torrens Property, the owner is issued a Certificate of Title, which forgoes the need for a chain of title. A person who owns Torrens Property is assured that no one else has any claim to the property.
Minnesota law specifies that the seller of a residential property must make a written disclosure to the prospective buyer that includes all material facts of which the seller is aware that could adversely and significantly affect 1) an ordinary buyer's use and enjoyment of the property, or 2) any intended use of the
An abstract of title summarizes the various instuments and documents affecting the title to real property, whereas title insurance is a comprehensive indemnity contract under which a title insurance company warrants to make good a loss arising through defects in title to real estate or any liens or encumbrances thereon