Seller owner?

[Charles West]

You are overthinking the problem. It's the title company's job to determine title. Not the appraiser.

 

[Fernando]

You are overthinking the problem. It's the title company's job to determine title. Not the appraiser.

Then why does the 1004 form ask us if seller is the owner?

 

[Mike Ault]

You are overthinking the problem. It's the title company's job to determine title. Not the appraiser.

I think a person would need to know who the actual seller is before you could claim to have analyzed the motivations behind the sale – a necessary disclosure for GSE work. "Owner of Record" leaves some time and room for skulduggery out here in my nondisclosure state, one of the reasons why I am suspicious of all things. Who's to say a property flipper didn't sneak in there after the funeral?

 

[Charles West]

Now you're overthinking Mike. CA is a public record state in which anybody can see whatever anyone else owns, real estate wise, baring aliases.

 

[Mike Ault]

Most of the assessors in my market get around to it eventually as well however it might be 2 months before the latest sale is reflected in online resources. "Owner of Record" would never appear on an appraisal from my office, it might and has said "see addendum".

 

[Dublin ohio]

Most of the assessors in my market get around to it eventually as well however it might be 2 months before the latest sale is reflected in online resources. "Owner of Record" would never appear on an appraisal from my office, it might and has said "see addendum".

I am lucky in most of my areas. Recorder is usually only a couple of days behind. Some of them update nightly. The biggest problem is title companies that will sometimes take a week or more to have deed recorded.

 

[Charles West]

Then why does the 1004 form ask us if seller is the owner?

Because they are asking you to show what county records state, period. That's the end of your involvement unless you learn something subsequently.

 

[Fernando]

Becauise they are asking you to show what county records state, period. That's the end of your involvement unless you learn something subsequently.i

I have access to the Prelim and I do not see the Successor Trustee as signed on the contract on the Prelim.
Title company will verify who has authority to sign eventually.
To best of my knowledge, I believe the signer to the Trust has the authority and I state this in the report.

 

[Charles West]

I have access to the Prelim and I do not see the Successor Trustee as signed on the contract on the Prelim.
Title company will verify who has authority to sign eventually.
To best of my knowledge, I believe the signer to the Trust has the authority and I state this in the report.

You won't see the successor unless you have a copy of the trust, which as a disinterested third party, you will never see in your capicity.