Here’s the background for my question: Person A buys a property (as an unmarried man) and gets a 1st & 2nd loan. So the recorders office shows a grant deed (for full value) and two deeds of trust. A few days later Person A records a grant deed transfering the property to Business B (LLC). There is no transfer tax on this second grant deed. on the grant deed it says “putting property in LLC” and scrawled in handwriting: “proportional interest remains same”. No idea if this handwriting is a statement by the filer of the document or the county.
Several years later there’s an NOD & NTS in the name of Person A citing the 1st. There’s a HOA lien in the name of Business B. And there is an unsecured Tax lien on Person A that doesn’t appear attached to any property. Though Person A had been busy buying properties with & without Business B, I wade through a ton of records and can’t find a reconveyance for the 1st lien under either Person A or Business B. No guarantee that I didn’t miss something since there a so many and some seem to have differing spellings.
Foreclosure radars info seems to jive with what I’ve found in the recorder’s office (except it doesn’t have the HOA lien or the Tax lien).
If I were to buy this property at auction would that recorded grant deed to the LLC cause me any problems? Anything else title-related I should be investigating? I suppose I should check if that LLC is really wholely owned by Person A, but I’m not sure how to do that, and not sure if its even possible.