Number Pages In Legal Missouri Contract For Deed Forms For Free

Missouri real estate is transferred using a legal document called a deed. A deed transfers real estate from its current owner (the grantor or transferor) to a new owner (the grantee or transferee). A Missouri deed must meet the requirements of Missouri law to be valid and eligible for recording.

Include the agreed upon purchase price, down payment amount, interest rate and payment details. You should also outline the payment schedule and how and where payments are to be made. Besides monthly payments, you'll want to define if they will have to pay a final lump sum or balloon payment at the end of the term.

Missouri Case Law Under a contract for deed, the buyer of real estate makes a down payment and agrees to make remaining payments at a specified rate of interest in installments to the seller. The buyer normally takes possession of the property at the time the contract for deed is made.

A deed must include the names of the buyer and seller and the property's legal description. The deed is signed by the person transferring the property and may make that person responsible to the buyer for other claims against or conditions on the property.

In Missouri, each county has a recorder of deeds that maintains the land records in the county. You can go directly to the office to go through the records related to the property you wish to purchase. In the alternative, some counties have online search capability.

There are 3 ways to obtain a copy: Stop by in person. Anyone can pick it up. ... Send a written request to Recorder of Deeds, 729 Maple Street, Hillsboro MO 63050. Include a check for $9 per copy and a self-addressed stamped return envelope. ... Order over the phone with a credit card by calling 636-797-5414.