A quick look at their deeds show a lag time in registration with the County Clerk on some records, not found in Shoma Home records. In October closings some deeds of Lennar were signed October 30th and recorded November 1st. That is what I would expect. However, October 24 and 25th closings were recorded November 9th, about two weeks later. I even found one that was signed September 18 and recorded November 21st.
Many closings from the end of November weren’t registered until the end of December or the middle of January. (signed 11/30 recorded 12/21, signed 11/27 recorded 12/24, signed 11/28 recorded 12/24, signed 11/27 recorded 1/17 etc.). In March and April, lag time was only a few days on most of the deals I looked at.
Is this important? Do we care? I would suspect this is some sort of marketing strategy for end of year numbers. Perhaps they are cutting prices and don’t want the records recorded so they are not used as comps. I have no answers just theories.
P.S. By the way, I found a lot of deed transfers to Lennar from Silver Palms Holdings: Officers: Michael Latterner and Wayne Rosen.
2 comments:
Late recordings are commonplace. On the other hand, if you find a second mortgage signed and dated after the first one and it was recorded before the first one, then I'd say you found something important.
Good to know. Thanx
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