Posted on: 29th Nov, 2009 01:28 pm
we have made an offer on a house with 2 acres and 2 seperate septic systems. because of the septic systems the property has been married and cannot be split. this is an estate inwhich the son is selling the property. we have learned in the title search that the seller has done a quit claim deed to the neighbor for .173 of an acre. the warrenty title is now not clean. the town as sent the neighbor a letter instructing them to reverse the quit claim deed and as of now they are not willing to. what risk does this present to us if we should purchase this home? the state is indiana. thank you.
risk assessment is something that isn't going to be discussed too often in these forums, i surmise. i'd advise that you run this entire scenario by your (unmentioned) lawyer, to determine what find of fix you're about to put yourselves in.
i think you'd find that you may well be advised to walk away from this transaction. that's merely an opinion, but it's also an admonition that you seek profession advice on this serious matter. you can't afford not to do so.
i think you'd find that you may well be advised to walk away from this transaction. that's merely an opinion, but it's also an admonition that you seek profession advice on this serious matter. you can't afford not to do so.