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Re: Legal requirement to file a deed? Where?


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Posted by jdemaris on January 23, 2011 at 06:15:47 from (67.142.130.36):

In Reply to: Re: Legal requirement to file a deed? Where? posted by noncompos on January 22, 2011 at 19:45:59:

Yes, that I know. If the only deed is in your house, and your house burns down - you've got no proof of ownership. Filing a deed with the County Clerk gives an owner the added protection of "official document storage."

In my area, it's not uncommon for farmers to sell land and ask that it NOT be recorded for X amount of years. That because they can be penalized for such sales if they've been getting certain tax exemptions. This can be done with an outright cash sale, or a land-contract.

I've got two properties like that (cash sales), both I bought over 20 years ago. In both cases the farmers are retired and now living in Florida. The farms were sold and somebody eles is paying the taxes on my land (in theory). The new land-owners know it. The problem is - it's going to cost some money and work to record now. Tax maps have to be redrawn, and the county wants surveys before changing deeds. so, at this point - by mutual aggrement, it's never been done. The county doesn't care who claims to own what - as long as somebody is paying the taxes.


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