Collector's Deed
RSMO. 140.40 and 140.410
If the Property has not been redeemed during the
one-year redemption
period, the holder of the Certificate of Purchase may apply for and
receive a Collector's Deed to the property. A Collector's Deed can be
issued to the Certificate of Purchase holder provided the following has
occurred.
- The Legal holder of the Certificate of Purchase is named as the
original tax sale purchaser or the assignee on the original
Certificate of Purchase;
- The Purchaser shall obtain a title
search report from a licensed
attorney or licensed
Title Company detailing the ownership and encumbrances on the
property. Such title search report shall be declared invalid if
the effective date is more than one hundred twenty(120) days from the
date the purchaser applies for a collector's deed under section
140.240 or 140.420
- At least ninety days before requesting a Collector's Deed, the
Certificate of Purchase holder has notified any person who holds a
publicly recorded deed of trust, mortgage, lease, lien or claim upon
that real estate of their right to redeem such person's publicly
recorded security or claim at the last known available address stating
the purchaser's intent to obtain a Collector's Deed
- Notification must be by
both first class and certified mail
return receipt requested and verification of such mailings furnished
to the Collector; In the case that both the certified notice return
receipt card is returned unsigned and the first class mail is returned
for any reason except refusal, where the notice is returned
undeliverable, then the purchaser shall attempt additional notice and
certify in the purchaser's affidavit to the collector that such
additional notice was attempted and by what means.
- What you will turn into Collector's Office
to obtain Collector's Deed:
- Original
Certificate of Purchase, surrendered to the Collector;
- Copy of ALL envelopes as they
appear immediately before mailing;
- Copy of Letter that you are sending
out;
- All returned
original 1st Class Mail and
Certified Mail unopened or signed return receipt cards;
- Original receipts for 1st Class
Mail and Certified Mail;
- Original
Title Search and Title Search PAID bill;
- All Documentation and receipts of
attempts at additional notification;
- Affidavit stating that you have performed all requirements to obtain Collector's Deed.
- Appropriate fees have been paid to the
Collector including recording and collection fees.
Failure of the purchaser to obtain a Collector's Deed within two
years from the date on the Certificate of Purchase will result in the
loss of the purchaser's lien on the property.
Back to Collector's Main Page
|
|