MO Underwriting Summary - Revision history

Alanfields: /* Time Limitations */

2018-03-12T23:05:54Z

‎Time Limitations

Alanfields: /* Time Limitations */

2018-03-12T23:05:34Z

‎Time Limitations

Alanfields: /* Time Limitations */

2017-04-25T18:17:01Z

‎Time Limitations

Alanfields: /* Time Limitations */

2017-04-25T18:16:17Z

‎Time Limitations

Alanfields: /* Spousal Joinder Requirements/Homestead */

2016-12-03T01:07:49Z

‎Spousal Joinder Requirements/Homestead

Alanfields: /* Time Limitations */

2015-09-16T20:32:01Z

‎Time Limitations

Abfields: /* Vesting */

2014-12-29T17:04:23Z

‎Vesting

Abfields: /* Search/Exam */

2014-12-12T19:43:15Z

‎Search/Exam

Abfields at 01:03, 29 October 2014

2014-10-29T01:03:08Z

Abfields: Created page with "==Search/Exam== Minimum Search Requirements -- 45 years for Owners Policy Plant or other search restrictions -- Plants required unless written evidence that plant provider..."

2014-10-29T00:53:03Z

Created page with "==Search/Exam== *Minimum Search Requirements -- 45 years for Owners Policy *Plant or other search restrictions -- Plants required unless written evidence that plant provider..."

New page

==Search/Exam==
*Minimum Search Requirements -- 45 years for Owners Policy
*Plant or other search restrictions -- Plants required unless written evidence that plant provider cannot meet reasonable turn times
*Additional Requirements for REO Searches -- No
*Foreclosure Checklist -- N/A
*Special Searches Required (Code, HOA, Utilities)? -- St. Louis taxes/special benefit districts
*Survey Requirements -- No
==UPL==
*UPL Hot Button Issues -- Don’t charge a doc prep fee
==Vesting==
==Witness Requirements==

==Property Tax ==

==Mortgage/Transfer Tax==

==Spousal Joinder Requirements/Homestead==

==Power Of Attorney==

==Construction Liens==

==Foreclosure Review==

==Instrument Requirements ==

==Who May Serve As Trustee On Deed Of Trust==

==Time Limitations==

*US Judgment Liens -- 20 years, renewable for 20 years
*State Court Judgment Liens -- 10 years, subject to renewal for an unlimited number of 3 year periods
*Federal Tax Liens -- 10 years, 30 days (See 26 USCA 6323(g))
*State Tax Liens -- 10 years, subject to 10 year renewal
*Estate Tax Lien -- Yes, against beneficiaries; 10 years if judgment obtained
*State Inheritance Tax Liens -- No
*Mechanics Liens -- 6 months
*Financing Statements -- 5 years (manufactured housing 30 years); can be renewed for successive terms
*Mortgages -- 20 years
*HOA Liens --
*Condominium assessments -- 3 years
*Child Support Liens --
==Odd Stuff==

@@ Line 12: / Line 12: @@
 *An attorney is not required. A Licensed Missouri Producer must search, examine, close, record or handle any other aspects of closing and commitment and policy issuance. (License issued by the Missouri Dept. of Insurance, Financial Institutions and Professional Licensing: MO DIFP) RSMo 381.031.19
 ==Vesting==
 ==Witness Requirements==
 No Witness Required

@@ Line 74: / Line 74: @@
 *Federal Tax Liens	--  10 years, 30 days (See 26 USCA 6323(g))
 *State Tax Liens	--  10 years, subject to 10 year renewal
-**[http://dor.mo.gov/intrates.php Interest rate on delinquent taxes]
+**[http://dor.mo.gov/intrates.php Interest rate on delinquent State taxes]
 *Estate Tax Lien	--  Yes, against beneficiaries; 10 years if judgment obtained
 *State Inheritance Tax Liens	--  No

@@ Line 76: / Line 76: @@
 *Estate Tax Lien	--  Yes, against beneficiaries; 10 years if judgment obtained
 *State Inheritance Tax Liens	--  No
-*Child Support Liens -- 3 years unless refiled.  [http://www.moga.mo.gov/mostatutes/stathtml/45400005151.HTML s. 454.515]
+*Child Support Liens -- 3 years unless refiled.  Judgment for periodic payments is not a lien.  [http://www.moga.mo.gov/mostatutes/stathtml/45400005151.HTML s. 454.515]
 *Mechanics Liens	--  6 months
 *Financing Statements	--  5 years (manufactured housing 30 years); can be renewed for successive terms

@@ Line 32: / Line 32: @@
 ==Spousal Joinder Requirements/Homestead==
 A Non-Title Holding Spouse must execute any deed of conveyance or deed of trust. There is no civil union in Missouri.
 ==Power Of Attorney==

@@ Line 54: / Line 54: @@
 *US Judgment Liens	--  20 years, renewable for 20 years
-*State Court Judgment Liens	--  10 years, subject to renewal for an unlimited number of 3 year periods
+*State Court Judgment Liens	--  10 years, subject to renewal for an unlimited number of 3 year periods.   Applies to after acquired property. V.A.M.S. 511.360
 *Federal Tax Liens	--  10 years, 30 days (See 26 USCA 6323(g))
 *State Tax Liens	--  10 years, subject to 10 year renewal
@@ Line 64: / Line 64: @@
 *HOA Liens	--
 *Condominium assessments	--  3 years
 *Child Support Liens	--
 ==Odd Stuff==
 *Mandatory arbitration is prohibited in Missouri. The filed Arbitration Endorsement should be included with each policy.
 *Filed Rates & Forms.   http://sos.mo.gov/adrules/csr/current/20csr/20c500-7.pdf

@@ Line 1: / Line 1: @@
 ==Search/Exam==
-*Minimum Search Requirements	--  45 years for Owners Policy.   Search must be made at a Registered Title Plant (a set of geographically indexed records registered with the DIFP) unless a search from the plant cannot be obtained at a reasonable cost in a reasonable time. The Plant must contain records which encompass at least the most recent forty-five years. RSMO 381.031.22.
+*Minimum Search Requirements	--  27 years.   V.A.M.S. 381.071   Search must be made at a Registered Title Plant (a set of geographically indexed records registered with the DIFP) unless a search from the plant cannot be obtained at a reasonable cost in a reasonable time.
 *no marketable record title act; marketable title determined by case law and Title Standard;
 *Plant or other search restrictions	--  Plants required unless written evidence that plant provider cannot meet reasonable turn times
@@ Line 7: / Line 7: @@
 *Special Searches Required (Code, HOA, Utilities)?	--  St. Louis taxes/special benefit districts
 *Survey Requirements 	--  No
 ==UPL==
 *UPL Hot Button Issues	--  Don’t charge a doc prep fee

MO Underwriting Summary - Revision history

Alanfields: /* Time Limitations */

Alanfields: /* Time Limitations */

Alanfields: /* Time Limitations */

Alanfields: /* Time Limitations */

Alanfields: /* Spousal Joinder Requirements/Homestead */

Alanfields: /* Time Limitations */

Abfields: /* Vesting */

Abfields: /* Search/Exam */

Abfields at 01:03, 29 October 2014

Abfields: Created page with "==Search/Exam== *Minimum Search Requirements -- 45 years for Owners Policy *Plant or other search restrictions -- Plants required unless written evidence that plant provider..."

Abfields: Created page with "==Search/Exam== Minimum Search Requirements -- 45 years for Owners Policy Plant or other search restrictions -- Plants required unless written evidence that plant provider..."