Posted by HisHughness on 6/1/06 11:54pm
Msg #123574

This was a first for me n/m

Reply by HisHughness on 6/1/06 11:55pm
Msg #123575

Re: Sorry; hit the wrong key

Encountered something today that I had never ever no way seen before.

Was asked to go out and get a “Same Street Name Affidavit” signed.

The affidavit certified that 1002 Gunshot Street was “one in [sic] the same” as 1002 7/8 (that’s right: 1002 and seven/eighths) Gunshot Street. The homeowner said, “That’s not right; 1002 and 1002 7/8 are different addresses. I told them that.”

I said, “Well, you mean there are two houses on the same lot, one’s 1002 and the other’s 1002 7/8ths?”

“No,” she said. “This is 1002 7/8ths. 1002 is three houses down the street.”

“You mean there’s two houses in between you and 1002? Are all the houses on the same lot?”

“No, she says. “They’re all on different lots, just like everywhere else.”

The problem was that some of the docs for the home equity loan did not include the “7/8ths” designation, and the title company was trying to cure it – quite ineffectively, I think. As I drove out, I checked out every other house on the street. After every house bearing a whole number address, there was a series of houses with fractional addresses.

Three questions arise: 1) How can the title company effectively cure the problem without resorting to an affidavit that references every single document in the original closing that had the incorrect address; 2) What was the developer smoking when he numbered the houses; and 3) Where, for heaven’s sake, can I get some?

Reply by Drakester_IA on 6/2/06 12:11am
Msg #123577

Sorry thought you were refering to your previous post :) n/m

Reply by Drakester_IA on 6/2/06 12:12am
Msg #123579

Re: Sorry; hit the wrong key

I have see 1/2 digit adresses but never to that extent

Reply by CMS_NY on 6/2/06 1:02am
Msg #123585

Re: Sorry; hit the wrong key

I thought everything was BIG in Texas? Now people are sharing zones of land? J/K.

How did things finally turn out? I've never heard of anything remotely close to something like that! Who was the title searcher? Something got screwed up at title IMO.

Reply by ReneeK_MI on 6/2/06 4:59am
Msg #123586

Re: Sorry; hit the wrong key

Hey Hugh, nice to see ya again!

A house address is like a person's name, and the a/k/a is just as effective for each. The LIEN is always placed against the property's legal description and parcel ID#. The address is referrenced on the mtg/dot as "commonly known as 1002 7/8 Gunshot ..." (not LEGALLY known as, but COMMONLY known as.)

All for good reason - addresses are static, legal descriptions are not. Street names can change, zip codes change, house numbers CAN change. Still, the address would probably be corrected (or was correct) on the mtg/dot - just to line up all the little duckies for the lender.

I've had to deal with many, many bizarre address issues in the past - once had a house on a corner lot that had two different house numbers AND STREETS; another time the owner had used the wrong house number for 20 years and never knew it was wrong, it had been 'invented' by the guy HE bought the house from.

Anyway, this isn't anything the Title co did wrong, the address isn't part of the legal description - THAT is what they're liable/responsible for, and that is how a property is identified. The address is just a 'nickname', if you will.

Unfortunately, I can only begin to guess what the developer was smoking, and without more definitive information, I am unable to provide resources.

Reply by PAW on 6/2/06 7:52am
Msg #123600

Re: Sorry; hit the wrong key

Renee,

I think you mean that legal descriptions are static since they are based on meets & bounds or lots & blocks.

Reply by ReneeK_MI on 6/2/06 7:59am
Msg #123601

Re: Sorry; hit the wrong word definition!

Thank you, Paul - please don't tell my husband, Mr. Word Police for the Planet. I had used a word I thought meant the OPPOSITE of what it does, and I do appreciate the correction. I'd always thought "static" meant that it changes, when it means the opposite.

Reply by BrendaTx on 6/2/06 8:00am
Msg #123602

Re: Sorry; hit the wrong key

**Unfortunately, I can only begin to guess what the developer was smoking, and without more definitive information, I am unable to provide resources.**

You're too funny, Renee' - Have a great day all...it's blue jean day at the office on Fridays and I am loving every minute of working on Fridays. Oh, but what if I have a loan appointment after 2 pm when I get off? We'll cross that bridge when we come to it.

Reply by Dorothy_MI on 6/2/06 8:55am
Msg #123609

one solution, Brenda

Is to keep a pair of black or grey slacks in the car so if you get a last minute request for a signing, presto chango and casual blue jean friday gal changes into professional loan signer!

Reply by BrendaTx on 6/2/06 10:45am
Msg #123645

Re: one solution, Brenda - Dot/MI - great idea! n/m

Reply by Julie/MI on 6/2/06 7:14am
Msg #123596

Re: Sorry; hit the wrong key

1. Legal description is just that, street addresses are not the "legal identification" for real estate.

2. In my neck of the woods, it's the electric department that determines the street NUMBERS. The street names are the developer.

3. If a correction needs to be made after the closing; there is the good old e & o form or ltd poa.

4. If a correction need to be made to a document already recorded, they can re-record the origianal, and stating directly on the original what was wrong and how it should be.

Reply by Drakester_IA on 6/1/06 11:56pm
Msg #123576

Re: This was a first for me ??????

First time having sex or first time saying no