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Updated almost 11 years ago,

User Stats

71
Posts
11
Votes
Rod Smith
  • Rental Property Investor
  • Charlotte, NC
11
Votes |
71
Posts

Should I buy a property with survey/lot issues

Rod Smith
  • Rental Property Investor
  • Charlotte, NC
Posted

Hello Everyone,

I need some assistance. I am in the process of making an offer on a property and the listing agent has informed me that there is an issue with the property line. The property is approx. 3 ft. over the property line. She said the owner of the land lives in a house behind the subject property and knew about it for years but did not do anything about it because the previous owner was a family member.

Since the house was foreclosed on, the owner of the land on which the subject property encroaches has erected a fence that is basically up against the side of the house, preventing you from walking around back of the house on one the right side.

Would you proceed with this purchase and if so, what are my options to get a clean title and avoid future issues if I resale the property?

Thank you in advance for your assistance!

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