Encroachment

[Brenda Whittaker]

Looking at a low priced fixer from a wholesaler in a high growth area.  Solid home, cosmetics.  Seemed perfect but, half the house is built on the neighbors property!  Somehow this happened when 4 houses in a row were all built by one family on their one lot, then it was subdivided, or maybe subdivided and then they built, makes no sense either way but now I understand that if I want to flip it I will have an impossible time selling to anyone who will use a bank loan because of this encroachment issue.  The neighbor wants to cooperate and fix it but I dont know what kind of costs that will incur or how possible it even is.  Does he just deed me some of his property? Can the lines be redrawn somehow?  Is there any way past this issue?  Thoughts?

[Taye N.]

Hello

Yes you can redraw the lines.

Hire a surveyor to survey the lot line.
Once you know the correct lot lines. Come to a contract agreement with the neighbor. Pay him or etc. them go record.