The sale of the Bolt Hole is currently on hold as the title company is searching for a warranty deed somewhere deep in the Stone Age. When we purchased the property some 25 years (!?!) ago, we had a title search done. It did not go back beyond 40 years (1950) and no encumbrances were found. Chicago Title Insurance Company tendered a policy that protected us should some long lost ghost of sales past crop up.
[Our title search back in early 1988 DID discover that the seller (K) did not own the 101 acres he thought he did—and on which he was paying taxes. Turns out he only owned 34. The other 67 acres still belonged to the persons he purchased from (R)—and they, too, were paying taxes on those 67 acres! At the time, K lived in New Mexico, R lived on Long Island and I lived in New Jersey. I was the only one with a lawyer in the county in which the property was located. What transpired was a comedy (?) of errors and was the reason we never took possession of the property until spring of 1989.]
In today’s litigious society, I guess they want to be more careful. Forty years would be just me, and the three previous owners a total of just three sales. You can trace things back a bit further using the computer data, but that must be attached to some hard data which, if the county records are anything like I’ve been told, are a labyrinth of unsorted and mislabeled (if labeled at all) boxes and boxes of paper—kind of like my basement.
Anyway...the couple to whom we are selling need a place ASAP. They insisted on the quick closing date (three weeks from acceptance of their offer), I really hope the clerks in the county office work a little faster or that an alternative to a warranty deed can be accepted by both parties.
Today I dropped off the keys with my attorney as well as a not for the new folks detailing where different things are (power line to garage, water line to the house, etc.), how no one has lived in the cabin over winter since...oh...1987 so I don't know what the baseboard heat (only one of which has ever been used) will be like, and so forth.
Good thing I signed all the papers including a power of attorney the other day when Terry did the same. (She was going to be out of town today; Pittsburgh for a stitching thingy.) Having done so means I can get on with doing what I want to do and do not have to show up at the closing...when ever that will be.