Los Angeles Property Tax Records
Friday, September 2nd, 2011
Whose responsibility is it to record the sale/transfer of property?
I purchased a stock coop. apt. in Los Angeles 8 years ago and just found out that the transfer was never recorded. Was the title company supposed to do this?
I have been paying my property taxes thru the HOA.
I do not think that there is a “deed” with a stock coop apartment for each individual apartment.
Each unit has a stock certificate and lease along witha “master” deed for the building in the name of the coop corp.
Actually, the buyer has the ultimate responsibility. The closing agent — title company or attorney — normally handles that but you should have been inquiring about it when you didn’t get your copy of the recorded deed within a few days of closing.
208 N Ridgewood. Hancock Park-Wilshire 3 Beds 2 Baths @ $1029000
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