You might not think of an extra lot as being dangerous but from a title insurance perspective, the extra lot causes all sorts of misunderstandings and potential for loss, especially when the lot is forgotten or not considered.
A recurring problem surfaces in foreclosure. If a title agent only places a mortgage upon the lot on which the house sits but doesn't consider discussing the adjacent
Wednesday, September 22, 2010
the dangerous dangling lot
You might not think of an extra lot as being dangerous but from a title insurance perspective, the extra lot causes all sorts of misunderstandings and potential for loss, especially when the lot is forgotten or not considered.
A recurring problem surfaces in foreclosure. If a title agent only places a mortgage upon the lot on which the house sits but doesn't consider discussing the adjacent
A recurring problem surfaces in foreclosure. If a title agent only places a mortgage upon the lot on which the house sits but doesn't consider discussing the adjacent
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