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Updated over 1 year ago,

User Stats

65
Posts
21
Votes
Mark Spritz
  • Investor
  • Los Angeles, CA
21
Votes |
65
Posts

Escrow company did not find issue with property deed/title and I now own partial lot

Mark Spritz
  • Investor
  • Los Angeles, CA
Posted

Not sure what my options are. I was sold a property that I was told was on a particular sized lot. The Lawyer/Escrow company did not find out that part of that lot was considered a separate lot. So basically, there are 2 properties with separate deeds and title. However, I am being taxed by the state for the entire lot, the previous owner thought they owned the entire lot. But now we find out that now well after closing that I do not own both parts of the lot. I have been told I now have to spend 5K on a Quiet Title Action. But it isn't my fault that the escrow/title company did not figure it out on their own. I thought that is what we pay them for.

What are my options besides the Quiet Title Action, because I shouldn't be at fault for something someone else missed. And I already asked if they can go through the deed/title warranty. I feel I should have a case against someone that made the mistake and have them have to cover any costs.

Thanks

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