Evening star. [volume] (Washington, D.C.) 1854-1972, 1883-11-17

The Trouble Careless People Make.
ERRONEOUS NOTIONS AS TO THE VALUE OF LEGAL
PAPERs-IAPORTANCE OF RECORDING RELEASES
OF DEEDS OF TRUsr-THE VIEWS OF A REAL
ESTATE DEALER.

sit is singular how careless people are about
their papers. remarked real estate man to a
STAR reporter as he sat at his desk glancng
over deed. 81 have no end Of trouble Just
| because many persons do not understand for
instance. that it is necessary for them 70 record
| release of deed of trust. Here for example,
is deed of trust which was executed upon a
piece of property in this city In 1854. The
money was paid long ago and the notes taken
up. but for some reason the owner failed
to get a release from the trustee or at least.
there is none on record The owner of the prop
erty got the notes. and suppose he thought
that would be sufficient"
HUNTING Up HEIRS
"What Is the consequence" continued the
speaker, In an injured tone. "Why the trustee
IL dead, and have to go around and hunt up
his heirs. In the case that refer to there are
five heirs. Fortunately all of them live here
with but one exception. and he Ia an officer In
the navy. AMI Is now stationed In Egypt Be-
fore perfect title can be secured this mans
signature must be obtained"
Suppose the heirs refuse to sign" inquired
the listener.
'They can't do that. They have no claim to
show against the property. The debt has been
paid. but legal release of the trustee is neces-
sary for perfect title"
ped back In his chair. 1.-The law has been 40
changed that two trustees are now necessary,
and either one can execute a release. So that if
one dies the release can be made By the other
All difficulty would be avoided If when the re-
lease is obtained q record was made of that
fact"
DESTROYING PAPERS WHICH SHOULD BE xErT.
There is another popularity Of Debtors"
continued the real estate dealer as If enjoying
fhQSk, hat il
times. If they have a deed of trust upon their
property and have paid one or two of the notes,
they are just as likely as not to destroy them,
under the impression that as they were paid
they were no longer Of any use. Such however.
is not the case In order that q trustee should
sign release upon property he must see the
only legal evidence that the debt is paid. namely
the notes. without these 1t is impossible for
him to know that the debt has been raid"
EXAGGERATED IDEAS OF THE IMPORTANCE OF
KEEPING ORIGINAL DEEDS.
Becoming more laxative as heplunged deeper
into the subject. the agent planted his feet on
he desk and remarked:-"SOme people have an
exaggerated idea Of the importance of a deed.
Alter that instrument has been recorded IL
would entail no loss even II 1t was destroyed.
There is q copy Of in the recorders Office and
that secures the title Of the property. But you
uhu peopio tTcaSur'uS 0eeO Is IL way %
much precious gold"
Nov If they happen to get q release Of .
deed of trust. !" he continued, lust as likely as
not 1t will be allowed to lie around carelessy
among their other papers. and then probably
entirely lost sight Of. This shows the difference
In the general estimate Of the value of real
estate papers,"
why don't you write book OF directions?"
INQUIRED the reporter In an encouraging Tone
1T would be good idea" was the reply.
''but then don't know. either. You can be
very explicit in your directions but after all
people will do az they think is the proper way,
witOut regard to your instructions or the re-
quirenents of the law. 40 guess there Ia no
use in trying to reform matters" and the real
estate man heaved q deep sigh rs he stopped
talking and went to work