I am preparing a plat for one of my main clients and the adjoiner to the north doesn't own his place outright, but it isn't just a matter of paying it off. The bank has foreclosed on him and the security deed specifically states that the bank has forclosed on their "2/3 interest in the property". How would one notate such and interest in the property.
I typically just have the current owners name with tax parcel and deed book/page. The normal stuff. But this seems to need something more specific in verbage.
I would list the bank's name and recording info of that instrument and the name of any other person/s and recording info that I may have found in my research.
Even though I could work out who owns what percentage, I don't put that information on a drawing or elsewhere unless it comes from a court decree stating who owns what percentage.
Sometimes, alot these days, the current owner's deed does not include a description of the property and simply says the same property as in another deed. I will use the last deed that includes the property description. Tax sales and Foreclosure instruments usually call for some tax info identification numbers and I don't accept that as a property description.
N/F Is Sufficient
The bounds of a property does not change depending on who owns it.
Paul in PA
N/F Is Sufficient
> The bounds of a property does not change depending on who owns it.
>
> Paul in PA
Never thought, mentioned nor implied that it did change the bounds. I am looking for any suggestions on how to NOTATE it on the face of the plat.
I agree with Paul
Now or Formerly puts anyone on notice.
Andy
N/F Is Sufficient
I think his point was that if you just put the latest deed recorded with listed grantee, you're covered. We're not in the title business. I can't imagine any state requiring us to list everyone that has an interest in an adjoining tract.
N/F Is Sufficient
Good point. Thank you for the suggestions.
N/F Is Sufficient
" I am looking for any suggestions on how to NOTATE it on the face of the plat."
Why?
Why are you overly concerned with adjoiner ownership? If it was the surveyed parcel, I would go with what the title calls out. If it just an adjoiner, I would simply refer to what the county assesor calls out as the owner.
Why wouldn't you cite the instrument that you used as a part of your boundary construction analysis? Surely you used an instrument of record to check the adjoiner's boundary on the ground. Perhaps I'm misreading your post.