Archive for August, 2009

Can You Believe This?

I wanted to write a quick note about an interesting issue that has come up with one of my sellers. We were supposed to close on their house today. They were to have the weekend to finish up moving. The buyers would then bring in the painters and the other craftsmen that were to make this home their own. All of that came crashing to a halt last week with a phone call from the closing attorney.

You see, every home sold must be sold with something called clear title. This means some guy who camps out in the musty basement in the courthouse whose job it is to research the ownership records for your home going back 50 or more years, has looked at every transaction and passed a judgement that clear ownership, or title, has occurred each time. Usually there are few if any problems in this process. As soon as the title search comes back clear, the lender can get insurance on the clear title and the closing takes place.

Well, the phone call from the attorney was an eye opener for me. The title search on this home showed that in 1952, the US government declared that this land could never be sold. It was to remain property of the US government, in this case the Corps of Engineers. Cottages only could be built on the home but the land would always be corp property! (more…)

Friday, August 21st, 2009

Jasper Gem!

Located in the Henderson Woods subdivision, this 3 bed room 2 bath home sparkles! It has a rocking chair porch in front, a flat back yard with plenty of room to romp, a spectacular bonus room, and a man’s garage! Take a look at this video and let me know what you think of this home.

TowneLakeRealEstate.com

Thursday, August 6th, 2009