Bryan Barnfellow
Thinks s/he gets paid by the post
I’ve had to produce a driver’s license and give a social security number at closings. That’s about it.
Don't forget the form you sign that confirms that this is your signature!
-BB
I’ve had to produce a driver’s license and give a social security number at closings. That’s about it.
Interesting and I also know that happens more than the general public hear about.
Title/abstract with the insurance is a must. Here in the west fence lines and what you think is a property line aren't even close in a lot of cases. A lot was homesteaded and roughed out and never was surveyed with good instruments of measurement in those days.
The other thing rivers and landscape has changed things through the last 200 years. It really can be a nightmare.
Notably, title insurance protects you financially in the event there are hidden liens, errors in public records and other types of ownership
It's hard to believe things like this happen, but they do. Then you have cases of going away on vacation only to find a squatter living in your home and the squatters seem to have more rights than the owner
How does title insurance not protect the buyer? From what I read,
Yes, the builder would be out his construction expenses to date and costs to return the property to its previous state. I would think that it would cover his purchase price of the land back. I admit that I am a neophyte in this area. I may have to go and read my title insurance policy to see exactly what my coverage really is.
The youth summer camp I volunteer for has the original title/survey description posted in their office. This was from the early 1970s. It has descriptions like: " The south corner is 20 ft noth of Mrs. Marshall's dogwood tree.". Yikes! Fortunately, a new survey with proper markers was done in the 80s.Interesting and I also know that happens more than the general public hear about.
Title/abstract with the insurance is a must. Here in the west fence lines and what you think is a property line aren't even close in a lot of cases. A lot was homesteaded and roughed out and never was surveyed with good instruments of measurement in those days.
The other thing rivers and landscape has changed things through the last 200 years. It really can be a nightmare.
The youth summer camp I volunteer for has the original title/survey description posted in their office. This was from the early 1970s. It has descriptions like: " The south corner is 20 ft noth of Mrs. Marshall's dogwood tree.". Yikes! Fortunately, a new survey with proper markers was done in the 80s.
Your point is well taken.
Yes, they used rocks here from the corner of the rock so many feet this and that way. Also, rocks were placed where the corners are/were, and marking have been removed or taken away etc.
A tree was used in the description on my land as a marker as well. It was a tree by itself on top of a high ridge where you could see to the next detailed natural spot for description of the property line. From that tree it was 4 feet east of tree. Lol
When I purchased some land a few years back we had to work of off old survey and property lines to come up with a legal boundary. One side was the Yellowstone River which has changed and changes constantly. Also a ditch that is used for irrigation put in the late 20's early 30's and things have changed on that and has very crude survey to begin with.
My last survey I helped with, and it was a nightmare in rough and high country all most all was by foot packing equipment in and out. Places I never will most likely never be back too on my own property.
We have those deeds with landmarks like a tree or a drainage ditch. I can trace my own deed back to one with things like that.
I'm not sure I fully sympathize with the "victim" in the original story. I see lots of neglected properties, sometimes of some value. Why? If you don't want to maintain it, just sell it. The builder offered to pay more than the property was worth to make it right for the owner. But the owner refused, and instead sued to have it "restored" to it's original condition. Who's going to pay for that? It wasn't the builder's fault. Maybe it was the realtor's or lawyer's fault. The courts will have to decide that. But I think the owner was at least partly responsible, and the builder's proposed remedy was more than fair. Instead, everyone loses here. Except the lawyers.
I understand that some counties allow property owners to be on a notification list that contacts them when any changes to the title of the property are made. The idea is to catch fraudulent changes early.
I would be curious if others have this service available to them, if they have used it, and if the service had a triggering event that caused them to be contacted.
How does title insurance not protect the buyer? From what I read,
Yes, the builder would be out his construction expenses to date and costs to return the property to its previous state. I would think that it would cover his purchase price of the land back. I admit that I am a neophyte in this area. I may have to go and read my title insurance policy to see exactly what my coverage really is.
I sold a right of way to the city were I live so that they could put in a turning lane. they had surveyors come and mark the boundaries of their purchase. I had stipulated that if they did not have 5 feet of green space between the curb and sidewalk, snow removal on that property would be the responsibility of the city. when the actual surveying was done I pointed out to public works that the way the right of way was layed out they would not have the needed green space. the point is that when the city had problems getting the property they needed they just had the surveyor come and recheck and conveniently their former measurements were a few feet off and they now had what they needed. cities and engineers work together to get what they need and unless you want to spend a ton of money to fight for the extra few feet, you are pretty much done for. during this turning lane construction my property line moved 3 times,
They might want to have the Zillow posting taken down.
Still has the listing and selling agent, sell date/price, description, and current pic.
Looks like some mature trees were cleared.
https://www.zillow.com/homes/51-sky-top%20fairfield%20ct/95276470_zpid/