Illinois – Error/omission in 2015 deed; issue with title company during refinancing

Refinancing home due to divorce. Lender let me know that there’s a hold up with the title company because the legal description for the property is incomplete. Until that day, I presumed Lots and PINs were interchangeable. I now know they are not.

Address comprised of 3 PINs and 3 Lots – the PINs and Lots do not line up (1 PIN=1 lot; 1 PIN = 1/2 lot; 1 PIN=1.5 lot). Legal description inlcudes the 1.5 lot, but omits the other 2 lots.

All three PINs are included in the title/deed paperwork signed by us and filed with Cook County.

looking at previous deeds/sales recorded with the county, I see that available records dating back to 2006 (3 or 4 sales/transfers), the same incorrect/partial legal description was used, with all three PINs noted, for each of the deeds

If I enter the PINs to the recorder/clerk site, only the PIN for the 1.5 lot pulls up any records. No documents/names come up for the other lot and half lot. We have received and paid the tax bills for those 2 PINs since we bought the house.

the plat survey from 2015 does include the complete legal description (all three lots, all three PINs are clearly marked on the plat survey, too)

Lender recommended seeing if the seller’s heirs will convey the property to us (if they had the same legal description, can they even do that?) or start a quiet title action for these PINs/Lots.

Title company initially thought it could be amended with a scriveners affidavit, but then the underwriter said that because those lots were not included on the original, they are not covered by the title insurance policy (which is the issue, of course).

I contacted our closing attorney and he is looking into it and calling a contact of his at the new title company. As I await his feedback, I am curious about where in the process this should have been caught. Has anyone faced something similar and it worked out easily? How long can I expect a quiet title action to take to resolve?

Thanks in advance for any insights/guidance.

submitted by /u/PamDawber1
[link] [comments]

Refinancing home due to divorce. Lender let me know that there’s a hold up with the title company because the legal description for the property is incomplete. Until that day, I presumed Lots and PINs were interchangeable. I now know they are not. Address comprised of 3 PINs and 3 Lots – the PINs and Lots do not line up (1 PIN=1 lot; 1 PIN = 1/2 lot; 1 PIN=1.5 lot). Legal description inlcudes the 1.5 lot, but omits the other 2 lots. All three PINs are included in the title/deed paperwork signed by us and filed with Cook County. looking at previous deeds/sales recorded with the county, I see that available records dating back to 2006 (3 or 4 sales/transfers), the same incorrect/partial legal description was used, with all three PINs noted, for each of the deeds If I enter the PINs to the recorder/clerk site, only the PIN for the 1.5 lot pulls up any records. No documents/names come up for the other lot and half lot. We have received and paid the tax bills for those 2 PINs since we bought the house. the plat survey from 2015 does include the complete legal description (all three lots, all three PINs are clearly marked on the plat survey, too) Lender recommended seeing if the seller’s heirs will convey the property to us (if they had the same legal description, can they even do that?) or start a quiet title action for these PINs/Lots. Title company initially thought it could be amended with a scriveners affidavit, but then the underwriter said that because those lots were not included on the original, they are not covered by the title insurance policy (which is the issue, of course). I contacted our closing attorney and he is looking into it and calling a contact of his at the new title company. As I await his feedback, I am curious about where in the process this should have been caught. Has anyone faced something similar and it worked out easily? How long can I expect a quiet title action to take to resolve? Thanks in advance for any insights/guidance. submitted by /u/PamDawber1 [link] [comments]

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