Your name may be on the deed, but that doesn’t necessarily mean the public can’t use part of your land. Many properties have easements, which means someone has the legal right to use part of the land. An example is when one homeowner cannot access his property unless he crosses a neighbor’s driveway. Generally, easements […]
Certification of Trust
A statute has gone into effect regarding a Certification of Trust. The statute is 456.10-1013. 1. Instead of furnishing a copy of the trust instrument to a person other than a beneficiary, the trustee may furnish to the person a certification of trust containing the following information: • That the trust exists and the date […]
Purchase of a Villa
When purchasing a Villa it is important to understand how villas differ from other real estate transactions. • The purchaser of a villa acquires the ground directly underneath their portion of the building and their portion of the building subject to a shared wall with a neighbor (sometimes referred to as a “party wall”). • The excess […]
Purchase of a Townhome
For those of you who purchase Townhomes. It is important to understand how townhomes differ from other real estate transactions. • The purchaser of a townhome acquires a lot and that part of the townhome building located on that lot, subject to the interests of the adjoining lot owner in a shared party wall. • The shared […]
New Home Construction Purchase
If you are purchasing a property that is newly constructed. You need to keep the following things in mind on those transactions: • Mechanic’s Lien issues are the #1 title insurance claim in the state of Missouri- be sure you are receiving mechanic’s lien coverage on their owner’s policy of title insurance. • If the builder is […]
Deeds of Conveyance
1. General Warranty Deed: a) Most favored by Purchasers. b) Grantor covenants the following: 1) Grantor has an indefeasible estate in fee simple; 2) Grantor has the right to convey; 3) The premises are free and clear of any encumbrance, with the exception of those currently of record or specified in the deed; and 4) Grantor will […]