Hi,
I bought some land 15 years ago and put it into a non statutory trust. Ten years ago a portion for my home was deeded out of the trust to my son and recorded. Shortly thereafter he changed his mind and deeded the land to me, but I never recorded the deed. So I have an unrecorded deed in my name notarized about 10 years old. And I have since (with cash) built a home on the land.
The rest of the property was deeded out of the trust to my wife in September, notarized but again not recorded (silly us).
So along comes a buyer for our property, and not realizing the snares, we complete the sales agreement 88 days after my wife received the deed.
Now the lender says they think we have a seasoning problem, and everything is on hold till we can figure a solution.
Thanks!
Henry