Download Missouri Release of Affidavit of Equitable Interest Legal Forms

Reasons to Release an Affidavit of Equitable Interest.

Clear Title for Future Transactions:
Recording a release removes any cloud on the property's title, facilitating smooth future sales, refinancing, or transfers.
Prevent Legal Complications: An unreleased affidavit might lead to disputes or legal actions, such as a quiet title lawsuit, to resolve any perceived claims against the property.
Maintain Accurate Public Records: Ensuring that public records reflect the current status of property interests upholds the integrity of property records and protects all parties involved.

When Should It Be Released.
Upon Completion of the Contract: Once all terms of the contract for deed or purchase agreement are fulfilled.
If the Contract is Terminated: When both parties agree to cancel the contract or if it's voided for any reason.
After Assignment: If the equitable interest has been assigned to another party, and the original affiant no longer holds any claim.