BC 2011 10 17 Regular Meeting - Laserfiche WebLink

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October 17, 2011 (Regular Meeting) Page 662 in this manner are to have the type instrument changed to the type of financing from the list below if the type financing can not be determined enter QF to let us know that a qualification form is on file. The forms are then to be filed in the sales books by year and in PIN number order. Having the type financing in the instrument will allow us to know that there is a qualification form on file for review as needed. All qualifications by deed stamps are to be made by an appraiser and the type instrument should be changed to "DS" so everyone will know that it has not been properly qualified. TYPE OF FINANCING AR - Adjustable Rate CA - Cash CV - Conventional DS - Deed Stamps FH - FHA (Federal Housing Administration) FM - Farmers Home Association LA - Loan Assumption OF - Owner Financing OT - Other QF - Qualification Form VA - VA (Veterans Administration) TYPE INSTRUMENT BA - Boundary Agreement GW - General Warranty Deed CO - Corrective Deed /Deed of Correction NW - Non - Warranty CD - Consolidation Deed QC - Quit Claim CM - Commissioner's Deed RW - Right of Way Deed CU - Condominium Unit SH - Sheriff's Deed Cv - Special Proceeding /Civil ST - Substitute Trustee Deed ED - Executors Deed sv - Survey EF - Will Book - Estate File SW - Special Warranty Deed GU - Guardian Deed TR - Trustee's Deed For a sale is to be disqualified, use the disqualification codes as follows: DEED EDIT SHEET CODE REASONS FOR REJECTION: A. The transaction includes the conveyance of two (2) or more parcels B. Sales for which the improvements sold are not included in the tax assessment or the assessment included improvements built after the sale. C. Deed shows $6.00* or less in revenue stamps. *Transaction is for $3,000 or less. D. The date the deed was made, entered or notarized is outside the dates of the study period. (The study period runs from January 1 to December 31 E. The transaction is between relatives or related businesses F. The grantor is only conveying an undivided or fractional interest to the grantee. G. The deed reserves until the grantor, a life estate or some other interest. H. The deed reserves unto the grantor the possession of, or lease of, the property for specified period following the sale. I. One or both of the parties involved in the transaction is governmental a public utility lending institution or a relocation firm J. The deed conveys a cemetery lot or other tax - exempt property. K. One or both of the parties involved in the transaction is a church school lodge or some other educational organization. M. The deed indicates that the property conveyed is situated in more than one county. N. The transaction is for minerals, timber, etc. or the rights to mine or cut same.