Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

385
Posts
274
Votes
Jon A.
  • Asheville, NC
274
Votes |
385
Posts

Title company missed Common Drive agreement

Jon A.
  • Asheville, NC
Posted

We have owned a duplex in our area for approximately 12 years. Our elderly neighbor moved out and sold the home to a couple that is currently renovating the property and has produced a common drive agreement from 1953. I am in the process of finding the original paperwork from purchase of the home to clarify my thoughts as I have been under the impression that we own the driveway and the neighbor has no rights to it.  We refinanced a couple years ago and nothing was included about the common drive agreement that our new neighbors produced in late October. When we contacted our closing attorney for the refinance asking about the common drive agreement she replied that it probably follows the chain of title but because it was a refinance they "only did a deed forward search and tacked onto a prior title policy as that is the standard of practice for a refinance". She is now asking for a retainer of $750 to look into it any further. I am very confused as to how this was missed and who would be responsible for the confusion and why I would pay the title company any money at all to research this further. I feel like she is asking me to pay her to find her own mistake. I can sympathize with the new neighbors as their house doesn't have any off street parking but I feel like we are obviously confused as to what we originally purchased and its' value. I am posting this under this section because I feel that this may have or has the potential to cloud the title if decide to sell. 

Any comments or help would on how to move forward would be greatly appreciated. Thank you. 

Most Popular Reply

User Stats

4,335
Posts
4,243
Votes
Greg H.
  • Broker/Flipper
  • Austin, TX
4,243
Votes |
4,335
Posts
Greg H.
  • Broker/Flipper
  • Austin, TX
ModeratorReplied

@Sean H.

Not having a survey would most likely exclude coverage 

  • Greg H.
  • Loading replies...