You and Your Computer (CFFL 458)
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, you and your computer. One of my favorite topics, after data that is. Before we get into it, let's take a question, posted by one of our members on the LandInvestors.com online community. It's free.
Jill DeWit: Okay. Katrina asks, "I purchased a property from a church. The church sent me a copy of their power of attorney with all the designated signers for the church." Well that was nice.
Jack Butala: Churches come up.
Jill DeWit: That was nice. That's funny. I used that example yesterday. "I have to now send the deed to the county for recording. Do I have to send a copy of the power of attorney with the deed? I asked the county recorder and the assessor if they needed a copy, and the power of attorney told me, and I kid you not, 'I don't know'." So good.
Jack Butala: I don't know?
Jill DeWit: Oh. "Can someone please tell me if you're sending in your power of attorneys with your deeds to be recorded?" I know, I know. Pick me.
Jack Butala: Yeah. Go ahead.
Jill DeWit: You know what Katrina? You are not alone in this interesting dilemma. Where I have ... Where you actually know more than the person sitting in the chair at the county. That's not-
Jack Butala: We talked about this yesterday.
Jill DeWit: Oh my gosh. Yes.
Jack Butala: And churches.
Jill DeWit: The answer is, no. You don't need to send it in. Can you send it in and have it recorded that same time? Yes. It's just going to pay extra recording fees for X more pages, and they're not really needed. What I would do Katrina ... That was really nice of them to send that to you. I would hang on to that. Have it for your records, should it ever come up that maybe your seller wants to get title insurance some day and you can provide that document for them, and that'll help everybody out, and that's really nice.
Jack Butala: Good advice.
Jill DeWit: Thank you. No. All that's doing for you is proving to you that you're showing the names, and the proper people are signing for it, and you're going to copy from that document, probably how they're names should be written, and what their positions are with the church. I've bought properties from churches too. That was a really good question. Do you have anything to ... I just took the ball and ran. Do you have anything to add Jack?
Jack Butala: No, it's great. No. I'm glad you did. I agree completely with you. I thought you were going to answer it differently quite honestly, because there was a period when you just loved to send stacks of paper to the recorder.
When I was in accounting, long, long, long time ago, one of the first jobs I had actually when I was still in high school, was an internal auditor. My buddy's father owned this company and he hired us so we could learn. It was actually a pretty cool experience. I got assigned to an internal audit team, and we went out and looked at these companies that they were running and owning. I got an assignment, and I kicked ass. I mean, really. I went above and beyond what I was supposed to do. When we sat down to see the results of what I put together, the guy looked at me with my boss and said, "How about next time, you just give me what I want? Like on time. Not anything extra. Not less, not more. Just what I asked you to do, just please do it." That always stuck with me, because that's what this is here. You have to fight the completeness of the deal,