MINNESOTA DECREE OF DESCENT

Courts in the State of Minnesota cannot open a probate file for a person who has been dead for three or more years. When more than three years has passed since a person died, Minnesota law requires a special proceeding called a “determination of descent”. In this...

THE TORRENS TITLE AND PROCEEDINGS IN MINNESOTA

In Minnesota’s Torrens system, a “Torrens title” is granted by Court order at the completion of a title registration proceeding. Title is registered in the name of the owner, with a specific legal description. A new “source of title” is created, called a Certificate...

WHAT IS “TORRENS” LAND IN MINNESOTA?

Minnesota has two entirely different systems of land title records. Before Minnesota’s “Torrens Act” was enacted in 1901, all land in Minnesota was “abstract land”. With abstract land, private abstract companies either continue already existing, “abstracts of title”...

TYPICAL COSTS AND FEES OF A REVERSE MORTGAGE IN MN

WHAT ARE THE TYPICAL COSTS AND FEES I WILL BE LOOKING AT? According to the Consumer Financial Protection Bureau, reverse mortgages are more expensive than other types of loans. Unlike traditional mortgages, the amount you owe on your reverse mortgage will grow the...