The ball has dropped on Times Square, the Rose Bowl is over, and the final strains of Auld Lang Syne have faded away. Time to turn to what’s new and what’s coming in 2010. practicelaw The Uniform Conveyancing Blank Task Force drafted and approved a couple of new and revised Uniform Conveyancing Blanks (UCBs). An …
New HUD-1 Available
Over the holiday, we quietly added the new and substantially revised HUD-1 Settlement Statement to mndocs, the MSBA’s document and form automation system. The new HUD-1, which has been in the making for some time, is required for most residential loan closings on or after January 1, 2010. Specifically, it is required for all closings …
TODD Clearance Certificate
Just released, the new Uniform Conveyancing Blank (UCB), 10.8.9 Clearance Certificate for Medical/Public Assistance Claim, Transfer on Death Deed, was approved by the Department of Commerce and posted this week on practicelaw. Minnesota’s TODD legislation provides that a “Grantor Owner” may execute and record a TODD which then transfers title to the grantee upon the …
New UCB Foreclosure Forms
I am no artist, but I am a fan of expediency. So when my elementary school art teacher assigned a laborious paper mache project, I figured I could speed the process along. My teacher’s instructions were to apply one layer of paste-soaked newspaper, let it dry, apply a second layer, let it dry. Ad nauseum. Directions, schmer-ections. I knew better. I piled on …
New Real Estate Forms
practicelaw recently expanded the offerings to real estate practitioners by posting new forms drafted by two hard working groups: the MSBA Real Property Law Section’s Residential Real Estate Committee and the Minnesota Advisory Task Force on Uniform Conveyancing Forms. Both groups have recently developed forms in demand by users.
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