New Construction

Many consumers feel compelled to hire their builder’s title company for fear of upsetting the normal course of a transaction. So the builder’s title company ends up determining and disclosing if there are title defects on their own property. When that happens, impartiality is destroyed. And the question becomes, “Is the title company insuring the transaction or the builder’s profit?” We believe builders must be held accountable to the same title standards as everyone else. To not do so is reckless and subjects the consumer and everyone involved in the transaction to serious risks.

Title One was one of the first companies in Minnesota to offer the ALTA Extended 29-point Homeowner's Title Insurance Policy. We are backed by two of the largest and strongest U.S. underwriters and our rates are generally at least 10% less than other title companies.

Managed by our General Counsel and our Senior Title Examiner, our New Construction Department understands the complex nature of this market and the unique hazards liens and other issues can present to title. Mechanics liens can show up months after closing if proper precautions are not followed. Often underlying legal descriptions and mortgages that blanket the entire development have not been handled correctly by the builder’s title company that result in major title defects. The likelihood that these problems will be disclosed or addressed by the builder’s title company at the time of closing is minimal.