Category: Minnesota
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A Minnesota First: Twin Cities Suburb Requires Removal of Race-Based Deed Restrictions
Mounds View, Minnesota is making history with its new ordinance requiring home sellers to remove race-based deed restrictions before selling. Mounds View adopted its new ordinance on July 23, 2024. It’s official. Mounds View, a Minneapolis – St. Paul suburb, will now require the removal of racially restrictive covenants from deeds. Racial covenants (a.k.a. race-based…
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Risky Business? Minnesota Home Buyers Skip the Mortgage, Preferring Contracts for Deed
Land contract financing, a.k.a. the contract for deed, is a go-to method of home buying in Minnesota — especially in urban neighborhoods. These contracts allow homeowners to sell directly to buyers, bypassing the scrutiny of a mortgage lender. Each year, thousands of Minnesota buyers use them to finance their home purchases. Federal lawmakers across the…
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St. Paul Steps Up: City Begins Discharging Racial Exclusions From Deeds
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…
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Minnesota Probate: Transfers of Real Property
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.…
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Guide to Affidavit of Trustee Documents in Minnesota
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.
