Question 1

How do I secure a real-estate contract in Olmsted County?

Accepted Answer

Record a memorandum of contract in the Olmsted County real-property records. It puts the public on notice of your equitable interest so the seller can’t cleanly sell to someone else. Notarized online, recorded with the county, and returned to you.

Question 2

Does Olmsted County allow electronic recording of a memorandum?

Accepted Answer

Olmsted County supports electronic recording (via Simplifile, CSC, ePN, Indecomm), so a compliant memorandum can be on record quickly.

Question 3

What does it cost to record a memorandum in Olmsted County?

Accepted Answer

One flat price that includes the county fee ($46 (flat statutory fee per MN Stat 357.18, regardless of page count); Plat recording $56 first / No additional per-page fee for standard documents (flat $46); expedited copies $2/page add'l (+State deed tax 0.33% of purchase price; Mortgage registry tax 0.23% of mortgage amount; see https://www.olmstedcounty.gov/residents/land-property/recording-abstracting/recording-abstracting-fees for full Fee Finder tool)), your online notary session, and tracking to a recording number.

Memorandum filing isn't available in Minnesota yet