The Murfreesboro Tennessee Trustee's Deed is an essential legal document that plays a significant role in property ownership transfers within the city of Murfreesboro, Tennessee. This type of deed is commonly used when there is a foreclosure or the property is sold at a public auction. It enables trustees to convey the title of the property to the buyer or the winning bidder in a foreclosure sale. In detail, a Murfreesboro Tennessee Trustee's Deed serves as substantial evidence of the transfer of ownership of a foreclosed property from the borrower (or granter) to the buyer (or grantee). This document ensures that the property is legally transferred and the legal rights of the new owner are protected. There are several types of Murfreesboro Tennessee Trustee's Deeds, each serving a specific purpose depending on the circumstances of the property transfer: 1. Trustee's Deed Following Foreclosure: This type of deed is used when a property is foreclosed upon due to default on mortgage payments. The trustee, who is typically appointed by the lender, auctions off the property and transfers the title to the highest bidder. 2. Trustee's Deed in Lieu of Foreclosure: In some cases, the borrower might voluntarily surrender the property to the lender instead of going through the foreclosure process. This deed is then executed, transferring ownership of the property from the borrower to the lender without a public auction. 3. Trustee's Deed Upon Death: If a property owner passes away, their estate may be subject to the probate process. If the property is held in a trust, the trustee will execute the Trustee's Deed upon Death to transfer the property in accordance with the decedent's wishes. 4. Trustee's Deed for Gift or Sale: Occasionally, a property owner may decide to transfer ownership to another person or entity through a trust. In such cases, the trustee will execute a Trustee's Deed to convey the property as a gift or sell it to the new owner. Overall, the Murfreesboro Tennessee Trustee's Deed serves as a critical legal instrument in ensuring smooth property transfers, particularly in foreclosure situations. It provides a clear record of ownership and protects the rights of both the buyer and the granter involved in the property transaction.
Murfreesboro Tennessee Trustee's Deed
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How to fill out Murfreesboro Tennessee Trustee's Deed?
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In either case, you can contact your local county Assessor with questions about ownership. You can find the contact information for your local Assessor at this link.
The public is able to access documents, such as deeds, birth and death certificates, military discharge records, and others through the register of deeds. There may be a fee to access or copy public records through the register of deeds.
Register of Deeds Staff Department NameRegister of DeedsProfessionRegister of DeedsEmailrachel.thomas@rutherfordcountync.govPhone(828)-287-615620 more rows
The 2022 property tax rate is $1.6162 per $100.00 of assessed value.
The title deeds to a property with a mortgage are usually kept by the mortgage lender. They will only be given to you once the mortgage has been paid in full. But, you can request copies of the deeds at any time.
The documents can be prepared by anyone as long as the required information is written in the deed as outlined in § 66-5-103. Once the forms have been prepared, along with the Legal Description of the property, it may be signed with two (2) witnesses or a notary public.
The Register of Deeds files certain legal documents mainly pertaining to or affecting real estate and provides public access to these records.
In order to convey any real property or an interest in property in Tennessee, the deed must be in writing, acknowledged by the grantor, and registered in the county where the property is located. The Annotated Code of Tennessee allows for the transfer of real property through the usage of a variety of deeds.
An affidavit of heirship is the simplest way of transferring real property after a person has passed away. When a person dies in Tennessee without a will, real estate immediately vests in the heirs of the decedent.
The Tennessee State Library and Archives has microfilmed copies of older deeds for every county in Tennessee. The deeds records are arranged by the name of the seller/buyer (grantor/grantee).