Section 24 Rights of Purchaser

• Library: Real Estate Fundamentals 2011

Upon the purchase of property at a partition sale, the purchaser obtains equitable title to the property and an immediate right to possession. First Nat’l Bank of Carrollton v. Eucalyptus, 752 S.W.2d 456, 459 (Mo. App. W.D. 1988). Legal title is held in trust for the purchaser until delivery of the deed and confirmation of the sale. Id. Upon confirmation of the sale, the legal title relates back to the date of the sale. Id. at 460. Absent an agreement to the contrary, the purchaser is entitled to rents and...