ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Nevada woman made a simple error in her house paperwork. Now, she's the owner of 85 homes.

Her new properties were estimated to be worth around $50 million.
PUBLISHED DEC 18, 2024
Representative image showing a woman finalizing the deal for a house (Cover image source: Pexels | Thirdman)
Representative image showing a woman finalizing the deal for a house (Cover image source: Pexels | Thirdman)

Sometimes even a small error can lead to something huge. Such is the story of a woman from Nevada who accidentally bought an entire neighborhood of  85 homes instead of one due to a copy-paste typo in her paperwork. The homeowner who chose to remain anonymous spent $594,481 on what she believed to be one home in Sparks, northeast of Reno, Nevada. However, later while filling out her paperwork with the assessor in Washoe County, she realized that she was now the owner of 84 further properties, as well as two common spaces. Her new properties were estimated to be worth around $50 million meaning she got a lot more than what she had initially planned.

Representative Image Source: Getty Images | 	Michael Godek
Representative Image Source: Getty Images | Michael Godek

According to the documents, she owns ‘lots one through 85… and Common Areas A and B’ all due to a mistake in her papers. Cori Burke, the chief deputy assessor, said that the issue was in the Westminster Title, which is a full-service title company in Las Vegas. The shocking mistake meant that the home buyer was given the title deeds for tons of other properties too. "It appears Westminster Title out of Las Vegas may have copied and pasted a legal description from another Toll Brothers transfer when preparing (the homebuyer's) deed for recordation, via The Reno Gazette-Journal. Because it was pretty clear a mistake was made, our assessment services division reached out to Westminster Title right away so they could begin working on correcting the chain of title for the 86 properties transferred in error," he added.



 

Reno real estate agent Janice McElroy later told NewsNation that all of this happened only due to a clerical error. “How is a regular person going to know what the lot number is, and all of the parcel numbers of the property that they’re buying, if they have the incorrect information to match it with? They’re relying on the information that the title company has provided them,” McElroy said

She also explained how only 5% of clients take their time to read all the fine print in the numerous documents necessary for buying a house, as per McElroy. “I have never seen anything this huge of a mistake. But I have seen mistakes happen where water rights have been left off from the transferring of a title. That could be a big deal. If someone doesn’t want to play nice, they may not have to," she added.

Representative Image Source: Getty Images | 	venuestock
Representative Image Source: Getty Images | venuestock

While the homeowner could make the process of correcting the mistake difficult, there have been no reports of her refusing to hand the homes back. Burke also said that these issues can happen fairly often however there have been no mistakes that are this big. "This particular case is just a little more interesting because of the number of lots involved," Burke added. "It is cut-and-dry for us, but we only see the recorded documents, not what the title company goes through to get a clear title," Burke said. "However, the title company also has the offer and acceptance for the purchase on file so the intent is pretty clear. "I would think it would be a loser in court and doubt it happens often, if at all," he added, via Daily Mail.

MORE ON MARKET REALIST
The newly introduced Trump accounts have the same tax advantages as IRAs.
21 hours ago
While the IMF warned the current administration's policies could make deficits worse.
21 hours ago
Fans couldn't believe how a contestant failed to secure just 31 points out of the 200 that his partner had scored.
1 day ago
While the answer touched Harvey's heart, he was sure nobody would do that for a celebrity.
1 day ago
Trump's claims were both partially true and ridiculous, according to industry analysts.
1 day ago
People on social media accused the actor of being a hypocrite, urging him to step up first.
1 day ago
Trump's pledge sounds empty as OBBBA has shaved over $1 trillion in social safety nets funding.
2 days ago
While her answer wasn't technically wrong, the survey begged to differ.
2 days ago
After getting three zeros on the board, Nori had the impossible task of winning with two answers
2 days ago
An underlying stock rotation has triggered a potential countdown to a crash.
2 days ago
Harvey couldn't pass up the opportunity to take a jab at J-Lo's relationship status
3 days ago
While the president championed his policies, the ground reality tells a woeful tale.
3 days ago
Companies will be in no rush to reduce prices as trade uncertainty continues, the bank noted.
4 days ago
Trump threatened to use different laws to punish countries that back away from negotiated deals.
4 days ago
Despite his experience, Harvey didn't know much about the prep that goes into competing on the show
4 days ago
With slacking consumer spending and the 43-day shutdown, the GDP grew by just 1.4%.
6 days ago
Economist Joseph Stiglitz claimed no policy was helping boost blue-collar jobs amid automation.
6 days ago
Turns out a hug from James O'Halloran was worth more than the cash for Nikki.
6 days ago
Although the player was off in her guess by nearly $10, she had a buffer to work with.
7 days ago
Harvey was excited to learn how Amrett impressed his dates.
7 days ago