Haight is Not a Mailer Success Gauge
Jack Butala: Haight is Not a Mailer Success Gauge. Leave us your feedback for this podcast on iTunes and get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening.
Jack Butala: Jack Butala with Jill DeWit.
Jill DeWit: Hello.
Jack Butala: Welcome to our show today. In this episode, Jill and I talk about how Haight is not a mailer success gage. What the heck does that mean?
Jill DeWit: I know, thinks it's so funny. We'll talk about that.
Jack Butala: Before we get into it, let's take a question posted by one of our members on TheLandAcademy.com online community. It's free.
Jill DeWit: Okay. Kevin asked, "I am sending in a deed for recording, and did not specify a sales price in the deed, just says, 'Good and valuable consideration'." Which is perfect. "My county charges a small fee for every hundred dollars over five hundred dollars for recording the deed." Very normal. "Do I need to send the county of my purchase agreement with the seller when I send in the deed for recording, to verify the sales price?"
Jack Butala: Do you want to take this Jill?
Jill DeWit: I think it's a perfect idea, and I would.
Jack Butala: I have a diametrically opposite opinion.
Jill DeWit: Oh, really?
Jack Butala: Yep.
Jill DeWit: Okay, so this county clearly does not have their own little addendum that they attach, like-
Jack Butala: Yeah they do, he's missing it.
Jill DeWit: Oh, he doesn't have the affidavit of property value?
Jack Butala: That's my [get 00:01:09]. Well so-
Jill DeWit: We don't know what county it is, or what state.
Jack Butala: -that's one of the reasons you should use Deed Perfect.
Jill DeWit: This is true.
Jack Butala: By the way. No we don't, but the vast majority of states require an addendum attached to the deed. They require it.
Jill DeWit: Well, you know what?
Jack Butala: Because the assessor needs separate information from the recorder.
Jill DeWit: You know what? Let me back up. I would not ... You're right, I would not include the purchase agreement, but I would state, "I bought it for $500.00. Here's your $2.50 for the $500.00 fee." Is what it is.
Jack Butala: There's like three or four points to make in this question, and it's a fantastic question. I'm-
Jill DeWit: Yeah.
Jack Butala: We have a bunch of Kevin's, but I know who ... I know which one this is.
Jill DeWit: I ... You know what Jack, I really do think that there are some countries, and I think I could be wrong, but I want to say, it's like a documentary transfer tax.
Jack Butala: Yeah. California, exactly that.
Jill DeWit: Right, and, I might be wrong, but, I don't remember them always having the associated affidavit. Maybe they do, because that's how they verify it.
Jack Butala: California is a perfect example. You have to file it PCO. PCO is an acronym for change of ownership, or records.
Jill DeWit: Property change of Ownership.
Jack Butala: Yeah. In there is the price.
Jill DeWit: Change of recor...