Partial Re-conveyance for loan doc
Posted: Fri Mar 13, 2020 11:07 am
So I got a call to do a partial re-conveyance so a guy can take of of the lots shown on a map out of the loan.The map was done in 1961, The current deed lists both Lot 1 and Lot 2 in the description, not as Parcel 1 being Lot 1, and Parcel 2 being Lot 2. Seems like it's safe to do this. There is even two APN's.
Since this is a 1961 subdivision, even if the original owners bought both lots at the same time, and they were never conveyed separately, it believe he won't need a Certificate of Compliance in order for me to write up a deed for one of the lots. This is so his lender to take it out of the loan.
Does that sound right?
Thank you,
Since this is a 1961 subdivision, even if the original owners bought both lots at the same time, and they were never conveyed separately, it believe he won't need a Certificate of Compliance in order for me to write up a deed for one of the lots. This is so his lender to take it out of the loan.
Does that sound right?
Thank you,