Contract For Deed Minneapolis, MN-Homes-Condo’s-Town homes-New Construction

Homes for sale in Minneapolis, MN at a median listing price of $299900. See pricing and listing details of Minneapolis real estate for sale.

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Minneapolis Contract For Deed

Minnesota Top Cities

Minneapolis homes for sale

Minneapolis is the county seat of Hennepin County and the larger of the Twin Cities, the 16th-largest metropolitan area in the United States. As of 2017, Minneapolis is the largest city in the state of Minnesota with an estimated population of 422,331.The Twin Cities metropolitan area consists of Minneapolis, its neighbor Saint Paul, and suburbs which altogether contain about 3.6 million people, and is the third-largest economic center in the Midwest.

Minneapolis lies on both banks of the Mississippi River, just north of the river’s confluence with the Minnesota River, and adjoins Saint Paul, the state’s capital.

Minneapolis has one of the largest LGBT populations in the U.S. proportional to its overall population. Noted for its strong music and performing arts scenes, Minneapolis is home to both the award-winning Guthrie Theater and the historic First Avenue nightclub.

Find Minneapolis Real Estate with boardwalkpremierrealty.com we have all types of properties.

Hennepin County Recorders office Information.

“”Dont Forget”

Recording the contract for deed

Within four months of signing the contract for deed, you must “record” it with the office of the county recorder or registrar of titles in the county in which the property is located. If you do not do so, you could face a fine.

Mortgage registry and deed tax calculator

Mortgage registry tax

Mortgage registry tax (MRT) is paid when recording a mortgage. The rate is 0.0024* of the purchase price (Example: $100,000 X 0.0024 = $240.00 MRT).

If you need to claim an exemption from MRT or document the basis of your tax, use the state’s MRT1 form.

Learn more about MRT at Department of Revenue MRT.

State deed tax

State Deed tax (SDT) is paid when recording an instrument conveying Minnesota real property. The rate is 0.0034* of the purchase price (Example: $100,000 X 0.0034 = $340.00 SDT).

The minimum SDT in Hennepin County is $1.70 for deeds with consideration of $500 or less.

Starting January 1, 2020, the minimum SDT of $1.70 for deeds with consideration changes from $500 or less to $3,000 or less.

If you need to claim an exemption or the minimum tax, use the state’s DT1 form.

Learn more about SDT at Department of Revenue SDT.

* Hennepin County adds an additional .0001 to their MRT and SDT for an environmental response fund per Minnesota Statute 383A.80.

Recording Fees

Payment options

We accept checks made out to Hennepin County Recorder or cash. A single check may be written to cover both the recording fee and the tax. Credit cards are accepted in person at the Government Center.

Fees

Abstract or Torrens Memorial

$46 per document

Additional Torrens Memorial

$20 per each additional certificate

Assignments, satisfactions, partial releases

Abstract – $46 per document ($10 additional for each referenced number over the first four)
Torrens – $46 per document

Common interest community certificate

Condominium, Plats, CIC condominium plats and surveys

Abstract – $56 minimum for first 112 units ($.50 per each additional unit over 112)
Torrens – $56 (additional $40 if an old one has to be canceled)

Conservation fee

$5 Minnesota Conservation Fund fee collected on each instrument where state deed tax or mortgage registration tax has been paid

Exchange certificate

$20 for each certificate cancelled
$20 for each new certificate issued

First certificate or possessory title

Memorial plat

$46 pursuant to Section 508.23 or Section 508.671

Residue or additional certificate

$40 for each residue certificate issued
$40 for each additional certificate issued

State tax lien

No charge for recording of lien itself

State tax lien release

Transfer of fee ownership certificate

$46 for the first certificate cancelled and issued
$40 for each additional certificate issued

Well disclosure certificate

Extra copies submitted at time of filing

Contract for deeds

Must include either a well statement signed by the buyer or a WDC and the $50 fee.
SDT not required on a Contract for Deeds.
A value of more than $1,000 of consideration must be accompanied by an eCRV (Minnesota Statute 272.115).

* Recommended and prepared in part by the Minnesota County Recorder’s Association. Revised: 08-01-2008

Recorder – Registrar of Titles

recordinginfo@hennepin.us

Phone: 612-348-5139

Skyway level – Government Center

300 South 6th Street

Minneapolis, MN 55487-0055

M-F, 8 a.m. to 4:30 p.m.

Minneapolis, MN Real Estate & Homes for Sale

Homes for Sale in Minneapolis, MN have a median listing price of $299,900 and a price per square foot of $167. There are active homes for sale in Minneapolis, Minnesota, which spend an average of 55 days on the market. Some of the hottest neighborhoods near Minneapolis, MN are Linden Hills, Fulton, Waite Park, Armatage, Audubon Park. You may also be interested in homes for sale in popular zip codes like 55416, 55410, or in neighboring cities, such as Edina, Saint Louis Park, Saint Paul, Bloomington, Brooklyn Park.