This form is a Warranty Deed where the grantors are the co-trustees of a trust and the grantees are husband and wife holding title as tenants in common.
Missouri Warranty Deed for Co-Trustees to Husband and Wife as Tenants in Common
Category:
State:
Missouri
Control #:
MO-SDEED-8-2
Format:
Word;
Rich Text
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How to fill out Missouri Warranty Deed For Co-Trustees To Husband And Wife As Tenants In Common?
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FAQ
Failure to record a deed effectively makes it impossible for the public to know about the transfer of a property. That means the legal owner of the property appears to be someone other than the buyer, a situation that can generate serious ramifications.
Which option is true if a deed is not recorded after closing? The title never changes hands to the buyer. The legal ownership of the property can be challenged.
In Missouri, almost any type of property-real or personal-may be held as joint tenancy. It is imperative, however, that the owners include the proper language in the deed, or other ownership documents, to create a joint tenancy.
The requirements for a valid deed are a grantor, a grantee, a writing and subscription, delivery, and acceptance.Thus, an unrecorded deed is valid as between the parties and as to all those who have notice thereof. (Cal.
It's important to note that a warranty deed does not actually prove the grantor has ownership (a title search is the best way to prove that), but it is a promise by the grantor that they are transferring ownership and if it turns out they don't actually own the property, the grantor will be responsible for compensating
Although recording statutes vary between U.S. states, they virtually all require that an interest in real property be formally recorded in the appropriate county office in order to be valid.If your deed has not been recorded, you are not recognized as the legal owner of your property.
Missouri is one of only 20 states and the District of Columbia which recognizes tenancy by the entirety property for both real property and personal property.In Missouri, any property owned in the joint names of a married couple is presumed to be tenancy by entirety property, which is not the case in Illinois.
It is possible to carry out a search at the Land Registry, to locate your property and title number.An Official Copy of the register is the equivalent of a 'title deed' and so it will not matter if you lose this, a further copy can always be obtained from Land Registry, again for a small fee.
' Spouses typically acquire title as tenants by the entireties, which only applies to spouses. Sometimes you will see a couple who acquired the property before marriage. In some states, a premarital joint tenancy automatically becomes tenants by the entireties upon marriage.