Crow Wing County sees increase in document recordings
County officials say the noticeable increase in recorded documents related to low interest rates and refinanced mortgages.
More than 23,400 documents were recorded in Crow Wing County in 2020, an increase of more than 22% from a year ago, according to county officials
“As the result of the low-interest rates, many property owners refinanced in 2020 and the number of mortgages recorded jumped by almost 30% from 2019,” Recording Supervisor Doug Hansen said in a news release.
The county has seen a 52% increase in the number of documents filed electronically in 2020, according to county officials.
“This was the highest number of document recordings since 2007 prior to the 2009 recession,” Hansen said.
Minnesota state statutes require all counties to record and return documents within five business days for documents filed electronically and 10 business days for documents mailed.
According to the Land Services Department, they averaged a six-business-day turnaround time for mailed documents and a four-business-day turnaround time for those filed electronically.
“It is important for us that we process these documents in a timely manner because we understand that they are time-sensitive to our customers,” Land Services Director Gary Griffin said in the news release.