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Updated about 1 year ago,
Title insurance / mortgage for property that includes "paper alley"?
Hi, I'm looking to purchase a 3 acre property that is at the dead end of and perpendicular to a road maintained by the county. The property is part of a large subdivision from the late 1890's and per the original map, the "road" extends through and beyond the property that I'm interested it. So basically, I have a 50 foot "paper alley" that runs through the middle of the property . Request for quiet title/deed is not feasible give number of owners in subdivision.
Looking for feedback on issues that may arise with title insurance, mortgage, etc. and what may become issues for me if I buy the property and look to resell in the future. Appreciated any advice.