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.