Is this purchase too risky?

[Nkem Nwogbo]

A property that has a $175,000 spread in profit, is being sold for cash only because there is a title issue. The property is encroaching on another lot that is not part of the title/deed. I can pay $300 to have a pre-title search to understand more about the issue and this is anticipated to take 10 days. Once we have the pre-title report, then I will understand what course of action I need to take to get the lot to be deeded to the property. The women from pre-title says depending on what the report says, I might have to file a lawsuit in court and come with sufficient evidence that this lot should be included with the property. All said and done 6 - 12 months before a resolution with the courts because of COVID-19 (this is a possibility not definite)

Y'all.............Should I pursue this? The cash (over $150K) is coming from a private lender who I have a great relationship with and can work a very good financing deal with. There will of course be legal fees/court fees in the thousands if I do in fact have to file a lawsuit. Remember we have no idea what the $300 pre-title report will say.

Does ANYONE have any experience with this and a recommended title company in the state of Maryland. Thanks for the support!