Title company refuses to close without a survey
Client has a tract at the edge of a city. Description starts with aliquot part and transitions to metes and bounds (no bounds) description. Fairly typical situation near cities. The city annexed a portion of it years ago in order to supply city utilities to the commercial building. So, he is selling the portion inside the city limits but keeping the remainder. No big deal. The problem is that the city wrote the description for the portion they annexed without a survey. Again, standard procedure. The buyer is happy to wait on a survey to mark the true boundaries of where the part annexed is located but close ASAP as he wants to move in and open a business. The city portion is something like 150 feet by 200 feet, no funny numbers simply north south east west. Title company insists on waiting until there is a survey of the 150 by 200 foot tract where the measurements will be identical with the annexation description but the bearings will be a little off from north south east west. The job went from “do it when it fits into your schedule” to “HOLY MOLY, We apparently need it NOW!” NOW isn’t possible. Maybe in 10 days if I bump about 15 other clients. When did things change from closings that would happen with a rough description to be finalized by an amended description following a survey? I can’t count the number of times we’ve been involved with one of those type closings.
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