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$250 Discount!

We never lose a deal based on fees or pricing.  We are one of the only Title Companies to make our fees available for free online.  All first time customers, who present this coupon prior to closing, will receive a $250.00 discount on published fees.
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Home Tennessee Information
Tennessee Information PDF Print E-mail
VESTING
  • The following tenancy types are recognized: Tenancy in Common; Tenancy by the Entirety, which is presumed in a deed to husband and wife unless otherwise stated; Joint Tenancy, however the right of survivorship has been abolished by statues.
  • The non-titled spouse must sign the security instrument
  • Acceptable instruments for transferring ownership on real property: Warranty Deed, Quitclaim Deed Statutory interpretation of conveyances made to two or more persons: if husband and wife, tenants by the entireties; all other tenants in common

RELEASE
  • Acceptable instruments to release mortgages: Release Deed

POWER OF ATTORNEY
  • Power of Attorney must be durable and must specify the authority of the holder of the power (ex. Deed or Mortgage)

TAX DUE DATES
  • Taxes are due on October 1st and February 28th; checks should be made payable to the Trustee
  • Taxes are assessed for the current calendar year; taxes become delinquent on March 1st

MORTGAGE/TRANSFER TAX
  • Mortgage tax is $1.15 per $1,000.00 with $1.00 clerk fee
  • Documentary or transfer taxes and fees are $3.70 per $1,000.00 with $1.00 clerk fee

SECURITY INSTRUMENT RECORDING REQUIREMENTS
  • All original signatures must have names typed or printed under signature line
  • All documents are required to be properly notarized with date and seal/stamp
  • All documents must contain a Tennessee acknowledgment or an acknowledgment that complies with laws of the state where executed
  • Deeds must contain the property tax map and parcel number and the mailing address for the property owner or person or entity responsible for payment of the property taxes
  • Derivation clause is required
  • Deed of Trust is required to have the following verbiage: "Maximum principle indebtedness for Tennessee recording tax purpose is $________." Deeds are also required to have the following verbiage: "I, or we, hereby swear or affirm that to the best of affiant's knowledge, information, and belief, the actual consideration for this transfer or value of the property transferred, whichever is greater, is $________, which amount is equal to the amount which the property transferred would command at a fair and voluntary sale."

WHO MAY SERVE AS TRUSTEE ON DEED OF TRUST
  • N/A

STATUTE OF LIMITATIONS
  • JUDGMENTS IN FAVOR OF U.S. - 20 Years
  • MORTGAGES - 10 Years from Maturity Date
  • ALL OTHER JUDGMENTS - 3 Years(prior to 5/17/00) 10 Years(on or after 5/17/00)
  • FEDERAL TAX LIENS - 10 Years
  • MECHANICS LIEN - 10 Years
  • ESTATE TAX - 20 Years
  • HOMEOWNER'S ASSOCIATION - 10 Years