RENO, Nevada – Nevada homebuyer literally got more than he bargained for when buying a single-family home after getting an entire site in a subdivision in the state’s West-Central .
The buyer originally purchased a single-family home in Sparks, Nevada valued at $594,481. However, the Washoe County (Nevada) Assessor and the Washoe County Office of Records have identified 84 extra residential lots, not just the property the buyer was purchasing, at Toll Brothers’ Stonebrook development just northeast of Reno. and had records showing that he acquired two parcels.
The property includes several home sites already built and sold. As of Saturday, at least 64 lots were put up for sale in the buyer’s name.
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The transaction was flagged by the appraisal firm, which said it promptly notified the relevant title companies of the matter. culprit? Apparently, with just four keystrokes, he can accidentally give someone ownership of a property worth millions of dollars.
“It appears that Westminster Title in Las Vegas may have copied and pasted legal statements from another Toll Brothers transfer in preparing to record the (homebuyer’s) deed.” Cori Burke, Washoe County’s chief deputy assessor, contacted Monday.
“It was clear that a mistake had been made, and the Valuation Services Department immediately contacted Westminster Titles so that work could begin to correct the series of 86 properties that had been wrongly transferred. .”
Burke said the Washoe County Assessor’s Office updates ownership information for such transactions based on the legal description on record, not the parcel number. In this case, the legal description of the transaction, officially recorded on July 25th, specifically states that it involves “lots 1 through 85 … and common areas A and B.”
According to Burke, flagging errors due to incorrect legal statements actually occur “fairly often” and are primarily caused by copy-and-paste mistakes.
“This particular case is a little more interesting because there are many lots involved,” said Burke.
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To correct the mix-up, the homebuyer in question must return ownership to Toll Brothers. Once these documents are recorded, ownership will be transferred from Toll Brothers to the new property owner through the normal process, Burke said.
How easy the process will be depends on how supportive the other party is. , which can cause headaches.
“I think someone could try to make things harder,” Burke said. I think it would lose in court, and I don’t think it would happen often, if at all.
The Reno Gazette Journal reached out to the Toll Brothers for comment. RGJ also reached out to her Sparks resident with the same name as the buyer and received a “no comment” response with a smiling emoji.
Follow Jason Hidalgo Twitter @jasonhidalgo.