This form is an Trustee's Deed where the Grantors are the Trustees of a Trust and the Grantees are two individuals or husband and wife. Grantors convey the described property to the Grantees. The Grantor warrants the title only as to events and acts while the property is held by the Trust. This deed complies with all state statutory laws.
Kansas City Missouri Trustee's Deed - Two Trustees to Husband and Wife / Two Individuals
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State:
Missouri
City:
Kansas City
Control #:
MO-030-78
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442.400) ? Must be filed at the County Recorder of Deeds. Signing (V.A.M.S. 442.130) ? All quit claim deeds are to be signed with the Grantor(s) in the presence of a Notary Public.
?When someone finances a home, the lender secures the loan to the home by having the borrower sign either a mortgage or a deed of trust....Mortgage States and Deed of Trust States. StateMortgage StateDeed of Trust StateMississippiYMissouriYMontanaYYNebraskaY47 more rows
How to File a Quitclaim Deed Obtain a quitclaim deed form. Your very first step is obtaining your quitclaim deed.Fill out the quitclaim deed form.Get the quitclaim deed notarized.Take the quitclaim deed to the County Recorder's Office.File the appropriate paperwork.
What is a Missouri Quit Claim Deed? A Missouri quit claim deed form (sometimes called a quick claim deed or quit claim deed) transfers Missouri real estate from the current owner (grantor) to the new owner (grantee) with no warranty of title.
Missouri Trustee Deed Information. A trustee uses a trustee's deed to convey property held in a living trust in Missouri. In a trust arrangement, the settlor conveys property to the trustee, who holds title to the property for the benefit of a third party, the trust's beneficiary.
Under Missouri law, a quitclaim deed must be in writing, contain the legal description of the property, and meet specific signing and acknowledgment requirements. You will need to record the deed and pay a recording fee.
In addition to these duties (which are the subject of much litigation), only an individual or a domestic corporation (one domiciled in Missouri) may serve as trustee. A foreign corporation may only serve if serving as a co-trustee with a domestic Missouri corporation or an individual who is domiciled in Missouri.
A deed of trust is the most common method of securing a lien on real estate in Missouri. Mortgages are rarely used. Deeds of trust commonly include a power of sale provision, which is a faster foreclosure mechanism (see Question 14).
Deed of Trust ? A deed of trust is the recorded document by which a lender takes a security interest in a property. It gives the lender the right to foreclose on the property if the borrower does not make payments on the loan.
Recording fees for quitclaim deeds vary among counties. In Clay County and Platte County, the fee is $24 for the first page and $3 for each additional page. Unlike the majority of other states, Missouri doesn't assess a real estate transfer tax on quitclaim deeds.