A racial covenant is language in a real estate deed that puts homes off-limits to certain buyers. It could say the deed may not be conveyed to particular social groups, such as Black, Asian, or Jewish people.
Recently, St. Paul leadership joined a coalition to remove racial exclusions from Minnesota property deeds. Aptly, it’s called the Just Deeds Coalition.
Let’s look at the news — and its backstory.
Continue reading “St. Paul Steps Up: City Begins Discharging Racial Exclusions From Deeds”
Probate is the legal process of settling a person’s estate after he or she has died, including distributing the decedent’s property to those entitled to receive it. Regardless of whether the decedent left a will, all property (real and personal) owned by the decedent individually or as a tenant in common is subject to probate. Property held with a beneficiary designation (such as a transfer on death deed) or survivorship interest and property held in a trust transfers outside of probate.
Continue reading “Minnesota Probate: Transfers of Real Property”
The affidavit of trustee for real property transactions is codified at Minn. Stat. § 501C.1014. It contains sworn statements made by a trustee regarding the trust which they are representing and their authority to enter into the transaction affecting the real property described in the affidavit.
Continue reading “Guide to Affidavit of Trustee Documents in Minnesota”
There are two different ways of owning and indexing real property in Minnesota: Abstract Title and Torrens (Registered). Registered land is more common around the Twin Cities area, while rural counties have more Abstract land. The Torrens System has been used to promote land development, but it is still not widely used in the United States.
Continue reading “Abstract and Torrens Property (Real Estate) in Minnesota”