
03/13/05, 03:47 PM
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Join Date: Apr 2003
Location: Northern California
Posts: 252
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Tango,
Other easments you need to check include the local utilities companies. They may a right to cross for maintanence, etc. Prior owners, if they have/had other properties nearby, may have an easement.
I have no clue how things work where you are, but here normally everything goes through the title company and that company issues title insurance. Attorney's generally don't need to get involved. On the other hand I did a land contract with a local druglord of sorts that did not go through the title company. In essence the druglord purchased the property from someone who owned it free and clear. The she proceeded to subdivide it and sell it on a land contract.
The bottom line was my own investigations turned up the fact that just because I paid the druglord did not mean those upstream from her would get paid. So I could pay off the complete price and be left holding the bag and not get reconveyance.
Yes I had great fun with this. At one point I held a $10,000 check in my hand and let the druglord see it, telling her it was for her. But then, oops, sorry this goes to pay what you owe to the original seller. I finally did get my reconveyance and clear title...the only person to ever deal with the druglord who did. Some of the parcels I know she sold six and seven times.
So a long winded way of saying be careful what you are buying and be sure to get clear title.
By the way, glad to hear you are getting out of Fla. Tennessee is a mighty fine state! Best of luck to you!
bearkiller
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