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!

[Rick Pozos]

I would talk with the neighbor FIRST. If they are willing to work with you, great. If they are butt heads about it, you will not win no matter what you do. 

For clarification, is the house on the other lot? or is it just a part of the fence?