Record Your Own Deed Stories (JJ 694)
Transcript:
Jack Butala: Jack and Jill here. Hello.
Jill DeWit: Good day.
Jack Butala: Welcome to the Jack and Jill Show, entertaining Real Estate Investment Talk. I'm Steven Jack Butala.
Jill DeWit: And I am Jill DeWit, broadcasting from sunny, Southern California.
Jack Butala: Today Jill and I talk about recording your own deed and all the stories that surround that. Seems to be, in particular, that topic has some crazy, crazy stories. I know I have nutty, crazy stories about recording my own deeds.
Jill DeWit: Because there's always, always something that happens.
Jack Butala: There's drama.
Jill DeWit: It is and it's funny because I think people will talk about this more. They get unnecessarily hung up on it and it's not that big of a deal.
Jack Butala: Right. There's always drama. Maybe you don't have it, but if you ask anyone if they have a good DMV story-
Jill DeWit: Yeah. There you go. That's it.
Jack Butala: ... it's the same kind of thing.
Jill DeWit: Yeah. That's true. No one ever comes back from the DMV going, "That was great."
Jack Butala: "That worked out really. That was fast."
Jill DeWit: "That's how I wanted to spend my morning."
Jack Butala: "It was fast, and I smell good."
Jill DeWit: "And the coffee was great. And the people were pleasant and dressed well."
Jack Butala: "Man, they picked a great location for this."
Jill DeWit: "Parking lot's a bree ... did you know they have valet now?"
Jack Butala: "Great ... great neighborhood."
It's the same thing recording deeds.
Jill DeWit: That's exactly it. Recording a deed is like going to the DMV. Awesome. Thank you.
Jack Butala: Except the person that actually records it-
Jill DeWit: Oh, my gosh.
Jack Butala: ... is just power hungry. They're drunk with power.
Jill DeWit: I think they're that way at the DMV though too, don't you?
Jack Butala: Are they? I don't know.
Jill DeWit: They're like, "You know what? If I don't push this button, you don't get this license. You better be nice to me." Okay.
Jack Butala: Before we get into that, let's take a question posted by one of our members on the LandInvestors.com, online community. It's free.
Jill DeWit: Okay, Fred asks, "Hello, I am learning about deed preparation and deed recording."
Jack Butala: Oh, it's perfect.
Jill DeWit: "And plan to use a title company for some deals. I was curious if anyone had any recommendations for a title company in either Northwest Arkansas or Park/Costilla Counties in Colorado. Thanks for your help."
Well, Fred, we know where you're buying.
Jack Butala: Yeah. Thanks for sharing. The first thing I do when I go into a new market ... or if I were you. Let's say this, if I'm doing one, a deal, I call the county recording and I ask them to recommend a mom-and-pop type escrow company that's in close proximity to the county seat. And they usually will say something like this, "Oh, sir, I'm not allowed to do that. I can't. That's against the rules here. We don't make recommendations.