StephHigdem
Member
- Joined
- Jan 5, 2004
- Professional Status
- Certified Residential Appraiser
- State
- Idaho
Where to begin... Note: this is more of a rant than anything...
The subject is a manufactured home on 120 acres. Call the client, they put on hold. Client calls, says borrowers have split off house & 2.5 acres and proceed. OK, go see the property (measure, sketch, photograph, etc.) stop by the county to confirm zoining... oh, it's zoned for 5+ acres and furthrmore, there is no recorded split. The county commissoners would have to approve a variance for 2.5 acre parcel (very unlikely per the assessor). OK - call the client - back on hold.
Get a fax from the client, new legal description for 5 acre parcel (there's a note on it that the parcel has not been surveyed) & a quit claim deed that says for financing puposes only. Cover page says the county will be issuing a new parcel number.
Call the county again. Yup, 5 acres, new parcel number, split for financing purposes only.
So I ask, what exactly does that mean?
The answer: the 5 acre parcel can't be sold seperatly from the 120 acre parcel.
Wow. OK
Call the client, explain it all to them.
Back on hold but client said to expect a cancellation notice & please send an invoice for whatever amount I felt was necessary (I like that part!).
But can you imagine? What on earth are they thinking?
Now I'll have to ask on every acreage I do in that county if it's a true parcel or a "financing" parcel.
The subject is a manufactured home on 120 acres. Call the client, they put on hold. Client calls, says borrowers have split off house & 2.5 acres and proceed. OK, go see the property (measure, sketch, photograph, etc.) stop by the county to confirm zoining... oh, it's zoned for 5+ acres and furthrmore, there is no recorded split. The county commissoners would have to approve a variance for 2.5 acre parcel (very unlikely per the assessor). OK - call the client - back on hold.
Get a fax from the client, new legal description for 5 acre parcel (there's a note on it that the parcel has not been surveyed) & a quit claim deed that says for financing puposes only. Cover page says the county will be issuing a new parcel number.
Call the county again. Yup, 5 acres, new parcel number, split for financing purposes only.
So I ask, what exactly does that mean?
The answer: the 5 acre parcel can't be sold seperatly from the 120 acre parcel.
Wow. OK
Call the client, explain it all to them.
Back on hold but client said to expect a cancellation notice & please send an invoice for whatever amount I felt was necessary (I like that part!).
But can you imagine? What on earth are they thinking?
Now I'll have to ask on every acreage I do in that county if it's a true parcel or a "financing" parcel.
