Posted by 101livescan on 9/22/12 9:16am
Msg #435385

Santa Clara CA County Grant Deeds

Had a sellers package first thing yesterday, it included a grant deed of course transferring title to buyer.

Up in the right hand corner just under where the county stamps recording date and instrument number was a signature line for the seller. He is approving the documentary transfer tax being collected in the transaction.

Interesting, we don't have this in Santa Barbara, Ventura or SLO counties, YET.

Any other counties out there requiring this second signature by TRANSFEROR?

I'll bet it will soon catch on and begin to be a standard in CA. A first for me.

Reply by Marian_in_CA on 9/22/12 11:52am
Msg #435405

I've been seeing this, too. It seems that rather than use a separate declaration, they're adding it to the beginning of the grant deed language. Maybe it helps save on document recording fees so they're recording one document instead of two?

I think it really depends on where in the state it happens, though. In NorCal, it's the buyer that usually pays that tax. In SoCal, it's the seller.

But then it might just also be the document preparer. I've seen it a lot with FirstAm packages.

Reply by JanetK_CA on 9/22/12 6:52pm
Msg #435458

Haven't seen any here in the OC yet. But I also haven't seen too many seller's pkgs lately. Thanks for the heads up, though.

Reply by Teresa/FL on 9/23/12 7:19am
Msg #435519

Thanks for the warning. I'll add this to my list for CA

properties. I do a fair number of signings, mostly buyers/borrowers but some sellers, for CA properties.