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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Peace of Mind Posted by Tom on March 29, 2008 at 12:10 AM In Reply to: NO subscription service is that reliable... posted by Ward-CA- on March 27, 2008 at 11:38 PM Title companies are okay for the plain vanilla title searches, but some don't have a clue when ownership gets tossed and turned or if the land has been sliced and diced in the past. I've run into this several times in different states each with a different title co. That shouldn't be a problem for your garden variety subdivision, but I've seen problems occur there too. I sold a house in a cul-de-sac of roughly 12 homes years ago where somehow the plan was approved, but later the builder/developer found that he had non-conforming lots. I'm not sure when the problem was discovered or if the builder tried or was denied a variance. I wouldn't bet my dog's life on some of the decisions town boards make. The builder subsequently created all sorts of doglegs in robbing Peter to pay Paul to get several lots back in accompliance. This affected most of the lots on the street. The bank never filed a new mortgage reflecting the adjusted legal descriptions. Part of your front yard might have actually been your neighbor's front yard. One of the owners had subsequently died creating an additional hurdle to jump through. Survey mistakes? I've seen those too. Remember to get the survey insured. When you're buying title insurance you're buying peace of mind, so stick with the big national title insurance companies. I've only sold a few partially sold subdivisions, but if I had sold considerably more no doubt I'd have more chain of title discrepancies to tell. I've seen properties change ownership multiple times and then suddenly one astute RE attorney will discover that the title was clouded decades ago, so title companies do make mistakes and can repeat them. Follow Ups: Re: Peace of Mind Rick, the Probate Guy 7:43 AM, 03/31/08 (1) You're correct Tom 8:24 AM, 03/31/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Title companies are okay for the plain vanilla title searches, but some don't have a clue when ownership gets tossed and turned or if the land has been sliced and diced in the past. I've run into this several times in different states each with a different title co. That shouldn't be a problem for your garden variety subdivision, but I've seen problems occur there too. I sold a house in a cul-de-sac of roughly 12 homes years ago where somehow the plan was approved, but later the builder/developer found that he had non-conforming lots. I'm not sure when the problem was discovered or if the builder tried or was denied a variance. I wouldn't bet my dog's life on some of the decisions town boards make. The builder subsequently created all sorts of doglegs in robbing Peter to pay Paul to get several lots back in accompliance. This affected most of the lots on the street. The bank never filed a new mortgage reflecting the adjusted legal descriptions. Part of your front yard might have actually been your neighbor's front yard. One of the owners had subsequently died creating an additional hurdle to jump through. Survey mistakes? I've seen those too. Remember to get the survey insured. When you're buying title insurance you're buying peace of mind, so stick with the big national title insurance companies. : I've only sold a few partially sold subdivisions, but if I had sold considerably more no doubt I'd have more chain of title discrepancies to tell. I've seen properties change ownership multiple times and then suddenly one astute RE attorney will discover that the title was clouded decades ago, so title companies do make mistakes and can repeat them. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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