In case you don't know, every deed only conveys what is known as "color of title." But what does "color of title" really mean? Let's delve into that today.
What Does Color of Law Mean?
To start, let's quickly define what "color of law" means. It represents a situation where something appears to have legal backing but lacks the substance of a genuine legal right.
Since 1913, when the banks took over, our country has been predominantly operating under "Color of Law" in virtually every sector of the government. People acting under color of law include police officers, prison guards, other law enforcement officials, judges, public health care providers, and other government-employed individuals or public officials.
What "Color of Title" Legally Means?
Now, let's revisit the concept of "color of title." The Supreme Court of Missouri has defined it as follows: "When we say a person has a color of title, whatever the meaning of the phrase may be, we are expressing the idea that an act has been previously done...by which some title, good or bad, to a defined parcel of land has been conveyed to him/her" (St. Louis v Gorman, 29 Mo. 593, 1860).
In simple terms, "color of title" refers to an apparent title that does not actually transfer true ownership. Various types of deeds such as warranty deeds, quit-claim deeds, sheriff's deeds, trustee's deeds, judicial deeds, tax deeds, and wills all fall under this category of conveying only color of title.
How Does a Land Patent Help?
A land patent is the highest form of title to property available today and can give one back the true rights to their property. To grasp what is conveyed through the perfection of a land patent, one must set aside their current understanding of ownership and realize that things that may seem too good to be true can actually be true.
A land patent offers a multitude of benefits. It can safeguard your land against foreclosure, liens, third-party claims, eminent domain, unlawful searches and seizure, and even property taxes (if the property is outside city limits).
With a land patent, you have unlimited use of your property, can customize it without requiring permits or adhering to zoning requirements, and can significantly reduce mortgage payments. If your property is located outside the city municipality, property taxes can be completely eliminated, thereby greatly enhancing its value as an invaluable selling point.
There is much more to share regarding this process which is why we've created the Real Estate Secrets program. If you haven't it already, we recommend getting started by watching our FREE Real Estate Secrets workshop.
The Real Estate Secrets program can assist you in obtaining your own land patent in just 90 days. We provide all the necessary documents, guide you through their completion, offer supporting case law, and provide seasoned advice on what to do and say in specific situations. Additionally, we show you how to substantially reduce your mortgage payments.
Take charge of your property ownership and enjoy the freedoms it brings with Real Estate Secrets.
Learn How Real Estate Secrets Can Give You TRUE Property Ownership
We understand that you probably still have questions, in which case you can schedule a FREE 15 minute consultation with our team to get your questions answered and see if this is a good fit for you.