Stewart Schneider and Trent Bond were awarded Summary Judgment on behalf of a Bank client, in a Judgment declaring the Bank’s deed of trust to be in a first lien position. Central to the case was whether or not a Quit Claim Deed at issue, which was signed during the grantor’s life but not recorded until after the grantor’s death, was validly delivered to the grantee. Subsequent to the recording, the grantee sold the property and an heir to the deceased grantor sought to invalidate the Deed and all subsequent conveyances. The Court found that delivery had been made and the Bank and its borrower qualified as a bona fide purchasers under Missouri law. The real property at issue was adjudged to be free and clear of the heir’s claims.
Stewart Schneider and Trent Bond obtained Summary Judgment