Nowadays it is difficult to get hold of a piece of land or a house on which to build a heritage. A woman in Nevada, United States, was looking for a house in which she could plant her home and that would fit her pocket. When she finally found the ideal space, she bought it. However, upon reviewing her papers, she realized that she had not only acquired her home, but also 84 additional houses and two plots of common spaces, with which she could easily live off her rent. .
The buyer, whose name has not been released, purchased a single-family home in Sparks, Nevada, for $594,481 in Toll Brothers’ Stonebrook development. However, due to an error in the contracts, the woman acquired more properties, at least 64 lots are land that has already been built and sold to other buyers.
When they became aware of the error in the title transaction, the Washoe County Assessor’s office notified Westminster Title, the company responsible for the titles, of the problem. Apparently, the error lay in the copying and pasting of the descriptions of previous contracts, which allowed the woman to acquire, at least on paper, several properties.
It appears that Westminster Title of Las Vegas may have copied and pasted a legal description from another Toll Brothers transfer when preparing the (home buyer’s) deed for record.
—Cori Burke, Washoe County Chief Deputy Assessor
Errors in incorrect legal descriptions “happen frequently,” Burke said, but what makes this case interesting is the number of lots in the transfer, which left the buyer as a landowner in the area. However, Toll Brothers, the real estate company, still has a chance to recover the properties.
The process turns out to be simple. Legally, even with the error, the buyer is the rightful owner of the properties, but the records can be transferred to Toll Brothers or any new owner with a normal process. Everything will depend on the cooperation of the buyer, so the process could be delayed if she does not agree.
Although the buyer has everything to keep the properties, the construction company still has an ace up its sleeve, since they keep the original offer and the acceptance of the purchase for the single-family home that the woman bought. This, in a case brought to court, would be a strong argument to recover the properties.
I think someone could try to make things difficult. However, the title company also has the offer and acceptance of the purchase on record, so the intent is pretty clear. I think I would lose in court and I doubt it will happen often, if at all.
—Cori Burke, Washoe County Chief Deputy Assessor
Source: Okchicas
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