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Updated almost 9 years ago,
Right of Way Acquisition
We are contacted by Contract Land Staff to acquire a right of way/easement on my out of the state investment property. I believe it’s a city project and they are one of the contractors for right of way acquisition. Any idea of how should we go about this?
some specific questions
how to know what the scope of easements will be included and what to look out for?
any impact on the title when selling? or how do we make sure no negative impact on title?
do we need to do a survey to make sure the easement is at the right scope and place?
does that void our owner title policy? or do we need to redo the title insurance policy?
how are price determined and negotiated?
do we need a RE lawyer to be involved?
what will happen if we just ignore the request?
Thanks in advance for the help.