30.04.2015 Views

Probate & Trust Law Section Conference Manual ... - Minnesota CLE

Probate & Trust Law Section Conference Manual ... - Minnesota CLE

Probate & Trust Law Section Conference Manual ... - Minnesota CLE

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

3. North Dakota deeds cannot be recorded when property tax is owing. For<br />

example, if a deed is attempted to be recorded on January 2, 2013, it will<br />

not be recorded until the property tax payment is made (which otherwise<br />

would not be due until March 1 (if you pay in full before February 15, you<br />

get a 5% discount)).<br />

4. North Dakota deed drafting issues (North Dakota Title Standards):<br />

No well disclosure statement needed.<br />

No state deed tax.<br />

Recording fee is based on the number of pages recorded.<br />

Marital status of grantor required on all deeds.<br />

Specifically, in regards to homestead property, N.D.C.C. § 47-18-<br />

05 requires:<br />

* * * * * * * * * *<br />

47.18-05. Homestead – How conveyed.<br />

The homestead of a married person, without regard to the value thereof,<br />

cannot be conveyed or encumbered unless the instrument by which it is<br />

conveyed or encumbered is executed and acknowledged by both the<br />

husband and wife.<br />

* * * * * * * * * *<br />

o<br />

o<br />

Per North Dakota Title Standards 2-07, a spousal attorneyin-fact<br />

may sign a deed for a spouse, if the Power of<br />

Attorney specifically authorizes the conveyance of the<br />

homestead.<br />

If the real property was not homestead property, then an<br />

Affidavit of Non-Homestead may be recorded in lieu of the<br />

spousal signature on the deed.<br />

<br />

Every deed must contain a Statement of Full Consideration (except<br />

mineral interest deeds), or an explanation of why such a statement<br />

is not required.<br />

* * * * * * * * * *<br />

11-18-02.2. Statements of full consideration to be filed with state board<br />

of equalization or recorder – Procedure – Secrecy of information –<br />

Penalty.<br />

4

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!