Home purchase....wheels are starting fall off...

[Rulz]

No, the wheels arent falling off the house I'm buying literally, so I'll make sure to snag that one before someone else runs with it...

But, the deal itself is. So to speak. Supposed to close Monday. It's a decent sized price of land with a nice home. Anyway, here we are the weekend before Monday close and the abstract was not built, and not one soul can tell me what our closing date will be now. I had movers, utilities, internet...well, a whole slew of shit scheduled to take place, not to mention time off work...and I'm just fuct.

And I won't even get into all the other horseshit that's been told, lied about, bullshitted, and embellished.

And yeah, it would be easy to say "hey man just walk away"...but we sold our current house and got a good deal on that, I can't chance that. And we also have to be out of here soon. Not to mention, getting a nice sized chunk of land in this area, awesome location where we can be anywhere in 15-20 min with what I feel is a beautiful home with two nice steel buildings...that's getting harder and harder to come by. Especially when just about all my buddies are looking for the same thing.

Anyway, for Those with ADD and don't want to read all that, have any good moving companies you would recommend? Thanks in advance.

 

[purkey]

we like your optimism! Sorry, don't know any good moving companies....3 guys and a truck?

 

[Adman513]

I'd recommend A-1 Bullseye Moving. 354-0428. I'm pretty sure the main guy is an OSU alum too. They recently moved us in early June. They were fast, efficient, and took GREAT care of our stuff. They were very careful and wrapped furniture, appliances, etc.

 

[Rulz]

3 guys and a truck or two dudes and a wheel barrow or whatever...that's who sent the limp dicks out the last time we moved and I ended up doing half of it. Didn't pay for it either, so I guess that was nice.

I'll check out the other recommendation and see what happens.

 

[Headhunter]

Abstract business is a rip off as far as I am concerned.

Should be able to buy title insurance and be done with it.

 

[Rulz]

Abstract business is a rip off as far as I am concerned.

Should be able to buy title insurance and be done with it.

??? How so? And I know NOTHING about real estate and all this crap. And you know me, I'm not questioning your knowledge in an abrasive way, I just really would like to know more about your opinion on the abstract business.

I thought you had to have an abstract when you were working with land that's been bought and sold, reduced in size or broken up, had structures built on it....like my parents land, they started out with 40 acres many years ago and are now down to 5. They have had to update all that through the years.

 

[Headhunter]

??? How so? And I know NOTHING about real estate and all this crap. And you know me, I'm not questioning your knowledge in an abrasive way, I just really would like to know more about your opinion on the abstract business.

I thought you had to have an abstract when you were working with land that's been bought and sold, reduced in size or broken up, had structures built on it....like my parents land, they started out with 40 acres many years ago and are now down to 5. They have had to update all that through the years.

You do have to have an abstract for real estate transactions in Oklahoma. They take time to get and they are expensive. The people who own the abstract plants make tons of money and it's very political.

Most states do not require abstracts for routine real estate transactions, they require title insurance.

 

[duke-of-earl]

You do have to have an abstract for real estate transactions in Oklahoma. They take time to get and they are expensive. The people who own the abstract plants make tons of money and it's very political.

Most states do not require abstracts for routine real estate transactions, they require title insurance.

I'm in the business and even I don't know why Oklahoma still requires them, I don't expect they will eventually but who knows.

 

[Rulz]

All of this purchase bullshit aside, I'm excited.

I'm already in the process of seeing who can build my moat, install the 6 inch guns on the roof, and trying to work in some electrified pipe fencing along with a couple missile launchers.

Because when all this is done...as much as I have kicked, screamed, chewed, slapped and shouted assholes down, I'm probably going to have a line of enemies....

Seriously, this is the LAST time I ever purchase a home. This process SUCKS BIG OL HUGE ASS DONKEY COCKZ.

 

[poke957]

Someone can double check if they would like, but I believe there is only 1 other state that still has abstracts. An abstract is simply a hard copy of every legal filing against a piece of property that is filed at the court house.

Title insurance:
1. They could really care less about "hard copy" abstracts. They care about what is on record at the court house.
2. Always get title insurance.
3. ***Very important***Always get title insurance made out to your bank even if you are paying cash. In the event that something needs corrected, they will do it right away for a bank. They will tell you to sue them.

I edited part of this post, because we partially caught up with the times 5 or 6 years ago. Our state abstracting business is not quite as crooked as it was for the first 100 years. I just lose my mind when I think of the money that was legally stole from me from the Oklahoma abstracting mafia.

Rulz, I originally was posting to ask where you purchased at?

 

[Rulz]

Rogers County, right here in Verdigris. Claremore address.

 

[poke957]

Nice. Hopefully you get all the issues worked out.

 

[EvilPOKES]

When you went under contract with the sellers, was this information not written in? I remember when I bought ans sold my last house in Tulsa, my realtor made sure everything was in writing and that I understood it before having me agree and sign anything.

Don't have recommendations on movers, unfortunately. We ended up going with the POD style moving since we needed it to be stored for a few weeks during our transition(s).

 

[Headhunter]

I'm in the business and even I don't know why Oklahoma still requires them, I don't expect they will eventually but who knows.

Lot's of money to be made and the local abstract companies make sure they are tight with their representatives.

 

[Air_Thurman]

I never plan on moving again. When we sold our last house we were about a week out from closing and we found out the buyers hadn't filed a tax return ... ever. The buyers had been a huge pain in the ass too.

Moving is the worst. I'm going to die in my current house (unless my wife kicks me out at some point).

 

[duke-of-earl]

Lot's of money to be made and the local abstract companies make sure they are tight with their representatives.

I'm probably being naive but I assume all the other states were in the same situation before they switched from requiring abstracts as well. I would be surprised if it didn't happen here in the next few years, there was a bill introduced this past spring to do it but it didn't make it through with its original intent.

 

[Rulz]

When you went under contract with the sellers, was this information not written in? I remember when I bought ans sold my last house in Tulsa, my realtor made sure everything was in writing and that I understood it before having me agree and sign anything.

Don't have recommendations on movers, unfortunately. We ended up going with the POD style moving since we needed it to be stored for a few weeks during our transition(s).

Oh yeah, everything was set in stone. But, the sellers just didn't have a damn clue about time frames apparently, and didn't get the abstract to the company until late in the game.

There's a lot more to this story, but I refuse to share any more of it because the light is at the end of the tunnel now and I just want to be shed of these fools.

 

[EvilPOKES]

Well, if it is in writing and they signed it...at this point id have them gtfo!

 

[JonnyVito]

Feel your pain Rulz I went through this when we sold our house a couple years back. The buyer wanted this one title company and it took them 2 weeks past the closing date to get everything together. My wife works for a bank and hated that the buyer chose this title company as she knew they were slow. Taking time off work to move with them moving the closing date is a pain in the butt.

 

[Rulz]

Well, I just got word that we are delayed again.

Survey has not been done. The bank has the title work and they can't seem to get the shit together, and we keep getting delayed and delayed and delayed. And I don't know how this works, but dammit...I'm out time off work, movers have been rescheduled, furniture purchased has to be put on hold...so do I need to seek legal counsel at this point or is the f+%#ing joke on me?

 

[EvilPOKES]

It's in writing, I'd say a legal can get this ball rolling quick.

 

[long-duc-dong]

You can thank the late Sen. Gene Stipe for Oklahoma remaining one of two states that still do abstracts. Iowa being the other (I believe). He owned abstract companies in eastern Oklahoma and had a lot to do with the practice staying in place, for obvious reasons.

 

[trapped_in_tx]

You can thank the late Sen. Gene Stipe for Oklahoma remaining one of two states that still do abstracts. Iowa being the other (I believe). He owned abstract companies in eastern Oklahoma and had a lot to do with the practice staying in place, for obvious reasons.

Correct.

 

[Rulz]

These fix{}#rs didn't get a survey of the land this entire damn time. How in the hell does someone except to divide and sell land without a survey??? And why wait until the last minute??? I had a contract for a certain amount of land, and this guy had wooden stakes in the ground all around the property showing how HE wanted it divvied up. And I don't know how my realtor and theirs for that matter let this get to this point. And how am I supposed to know how this shit goes?? That's why I hired a GOTDAM REALTOR!!!!

And come to find out, this cat has less land than he thought he had, and I have a feeling the survey is going to divide the land in such a way that he doesn't want, because his jig and jagging stakes are in places that make no sense to me. We aren't talking about a small little plot here, and again, I would rather not disclose too many details here, but does any of this shit sound normal to anyone?

I didn't have that much of a problem with his "outlines", but I have this sneaking feeling I'm dealing with some older folks here that are confused a bit and we are going to end up in a gotdam battle. All I want is to sign some papers and produce some cash. And get the f^%# on down the road. Literally.

 

[trapped_in_tx]

These fix{}#rs didn't get a survey of the land this entire damn time. How in the hell does someone except to divide and sell land without a survey??? And why wait until the last minute??? I had a contract for a certain amount of land, and this guy had wooden stakes in the ground all around the property showing how HE wanted it divvied up. And I don't know how my realtor and theirs for that matter let this get to this point. And how am I supposed to know how this shit goes?? That's why I hired a GOTDAM REALTOR!!!!

And come to find out, this cat has less land than he thought he had, and I have a feeling the survey is going to divide the land in such a way that he doesn't want, because his jig and jagging stakes are in places that make no sense to me. We aren't talking about a small little plot here, and again, I would rather not disclose too many details here, but does any of this shit sound normal to anyone?

I didn't have that much of a problem with his "outlines", but I have this sneaking feeling I'm dealing with some older folks here that are confused a bit and we are going to end up in a gotdam battle. All I want is to sign some papers and produce some cash. And get the f^%# on down the road. Literally.

For this to reach this point without a survey indicates that both real estate agents are likely incompetent. It's possible that your banker isn't all there either - a mortgage requires a proper legal definition of the property and that should have been brought up at the very beginning of any mortgage paperwork.

The amount of effort required to determine if the desired parcel has already been legally subdivided and surveyed is fairly trivial so someone isn't (but more likely several someones aren't) doing their job.

 

[JonnyVito]

Damn Rulz I feel you this would stress me out.

 

[Rulz]

For this to reach this point without a survey indicates that both real estate agents are likely incompetent. It's possible that your banker isn't all there either - a mortgage requires a proper legal definition of the property and that should have been brought up at the very beginning of any mortgage paperwork.

The amount of effort required to determine if the desired parcel has already been legally subdivided and surveyed is fairly trivial so someone isn't (but more likely several someones aren't) doing their job.

Exactly. Everyone of these assholes has their heads up their own assholes...an asshole wrapped inside an asshole wrapped up in an enigma of shit.

Vito, this is killing me slow. Maybe quick. I don't know anymore. I picked the wrong year to not start heroin.

I'm f*#}ing beside myself. I can literally sit on the bed and see myself sitting next to me.

I've started calling title companies and surveyors today to see if I can track down the gotdam problem. It's almost like there's a force that doesn't want us to get this land and home. I'm getting paranoid. But in this county, it wouldn't surprise me. There were a ton of people trying to buy this place, the sellers sort of "picked" us. And everyone i know and even some I don't wants land badly right now. So yeah, I'm starting to conspiracy theorize shit.

I need a gallon of whiskey and a pile of cocaine.

 

[Rdcldad]

sounds like you got your cherry popped

 

[Rulz]

sounds like you got your cherry popped

Shit. They went so far, I can taste it in my mouth. My farts are silent. They invaded past the White Line of Hilton. Most expensive colonoscopy in history. Forced fun.

Just call me Rose Bud.

 

[Ostatedchi]

Is it bad that I'm laughing my ass if reading this thread?

 

[janroc]

You do have to have an abstract for real estate transactions in Oklahoma. They take time to get and they are expensive. The people who own the abstract plants make tons of money and it's very political.

Most states do not require abstracts for routine real estate transactions, they require title insurance.

Actually, you don't have to have the abstract updated to buy real estate in Oklahoma. You only have to do this if title insurance is to be issued. Most mortgagees will want title insurance, so in most cases it happens.

But I do work for a number of private investors that don't buy TI and will often close on a title report. We also do work for a large Regional bank here in Tulsa, which will finance purchases under (I think) 250,000.00, based solely on a title report we prepare...no abstract and no title opinion prepared by an attorney. (A title report is a report that shows outstanding liens, mortgages and such, last grantee of record and property tax information. These are prepared by (very) experienced laypersons, based on an examination of the county records, which are online.)

@Rulz My company can't help you on this deal, but if you have some questions, feel free to send me a PM and I'll see if I can answer some questions you have, and if nothing else, maybe make some sense of what's transpired thus far. Your deal sounds pretty poorly handled, especially ordering the survey this late in the day. That's crazy.

Also, be polite, but make noise. If you're not already bugging your agent and the closing company, you should.

As to your original question, I don't know anybody, but like a previous poster, I had a terrible experience with two dudes and a truck or what ever its called.

 

[trapped_in_tx]

Actually, you don't have to have the abstract updated to buy real estate in Oklahoma. You only have to do this if title insurance is to be issued. Most mortgagees will want title insurance, so in most cases it happens.

But I do work for a number of private investors that don't buy TI and will often close on a title report. We also do work for a large Regional bank here in Tulsa, which will finance purchases under (I think) 250,000.00, based solely on a title report we prepare...no abstract and no title opinion prepared by an attorney. (A title report is a report that shows outstanding liens, mortgages and such, last grantee of record and property tax information. These are prepared by (very) experienced laypersons, based on an examination of the county records, which are online.)

@Rulz My company can't help you on this deal, but if you have some questions, feel free to send me a PM and I'll see if I can answer some questions you have, and if nothing else, maybe make some sense of what's transpired thus far. Your deal sounds pretty poorly handled, especially ordering the survey this late in the day. That's crazy.

Also, be polite, but make noise. If you're not already bugging your agent and the closing company, you should.

As to your original question, I don't know anybody, but like a previous poster, I had a terrible experience with two dudes and a truck or what ever its called.

I realize that in certain situations some people might recommend not getting title insurance.

Based on a bad experience, I would strongly recommend that you always get title insurance.

People make mistakes and if you don't have title insurance their mistakes are your financial responsibility.

Trust me, title insurance is much, much cheaper than dealing with unexpected lienholders on your newly acquired property.

 

[Rulz]

Fortunately....I think there's a light at the end of the tunnel.

I broke down today and contacted the seller directly again. They were able to get the surveyor to produce a copy of a report that had prepared last summer (not sure why this wasn't done by the agents, and if I didn't see all this happen with my own eyes I wouldn't believe it).

But, someone didn't get the abstract to the title company until the day of closing (original date). That is just so insanely stupid I feel as though I need to get some of State compensation due to the negative impact on my own IQ.

There's a lot of confusion, finger pointing, and just plain ol BULLSHITTIN going on at this point over what happened, but at least we have another closing date, and if it happens to go past that, I'm going have to start making other plans.

 

[Marshal Jim Duncan]

Any individual who doesn't have the ability to self insure on a large RE transaction is a damn fool if they don't purchase title insurance for them self.

 

[Rdcldad]

great story and we are pulling for you

gitter dun rulz!

 

[Rdcldad]

so here's my story

about 12 years ago
me and the former mrs dogsboogerfarm
bought 82 acres with 5/6 of the minerals thrown in for 200 an acre

we do the title on the land but the ex said title on the mins will cost a grand i don't want to pay for title.

i was busier than a cat covering up shit at the time not knowing what i was doing so i said whatever you handle it.

7 years ago newfield efforts to lease 17 acres
i'm like wtf i own 36(split the sheets with the ex)

not so fast my friend

the sellers split 164 with their cousins but did not split the minerals so they owned 36 in the 80 we bought and 36 in the 80 to the west.

poor ole radcldad decade later those mins are worth and have produced 12k an acre and counting, you do the math...

ps having gone thru this i could have chained the title myself, it's not rocket science


good luck rulz!!!!

 

[purkey]

so here's my story

about 12 years ago
me and the former mrs dogsboogerfarm
bought 82 acres with 5/6 of the minerals thrown in for 200 an acre

we do the title on the land but the ex said title on the mins will cost a grand i don't want to pay for title.

i was busier than a cat covering up shit at the time not knowing what i was doing so i said whatever you handle it.

7 years ago newfield efforts to lease 17 acres
i'm like wtf i own 36(split the sheets with the ex)

not so fast my friend

the sellers split 164 with their cousins but did not split the minerals so they owned 36 in the 80 we bought and 36 in the 80 to the west.

poor ole radcldad decade later those mins are worth and have produced 12k an acre and counting, you do the math...

ps having gone thru this i could have chained the title myself, it's not rocket science


good luck rulz!!!!

damn...Im sick just reading that....

 

[Rulz]

Yeah rd, that sucks.

By the way...all the douchbags I'm dealing with are squat tech fans. Funny how that works.

 

[OSUIvan]

Exactly. Everyone of these assholes has their heads up their own assholes...an asshole wrapped inside an asshole wrapped up in an enigma of shit.

That reminds me of this scene from Scrubs...