Life Estate – Title Tip

Title Tip – Life Estate – Some Areas To Watch For A life estate is simple in concept – yet there are some areas where you can be “surprised”.  And most of the surprises we have seen are not particularly happy ones. The common use of the life estate is as...

Subdivision Plats and Parcel Splits – Title Tip

Title Tip – Subdivision Plats and Parcel Splits Crow Wing County announces some deadline changes – Subdivision Plats and Parcel Splits Last year (2010) Crow Wing County had announced some new deadlines for recording subdivision plats and parcel splits.  Based on...

1031 Tax Deferred Exchanges – Title Tip

Title Tip – IRS Section 1031 Tax Deferred Exchanges – Still a useful strategy! In the “Old Days” (back when the real estate industry was continually going up) people were making good use of the Section 1031 Tax Deferred Exchanges to shelter...

Spouse Must Sign on the Mortgage – Title Tips

Title Tip – Spouse MUST sign on mortgage All fee owners of a property must sign on a mortgage – whether for a purchase or for a refinance.  This is fairly clear and something most people are comfortable with. However, we often encounter situations where a...

Witness Closing – Title Tip

Title Tip – Witness Closing The use of a Witness Closing (or signing/ notary service) has become much more common in recent years.  It is often used where buyers and sellers live long distances away from each other, and one party or another (or both) uses a Witness...