C
Chocolatefreak
Guest
Roughly 6 years ago my husband and I purchased property in Neosho, MO. The real estate agent showed us the property and where the property lines were. At that time we saw no need to survey the land and money was tight. The property has a small home which we have rented out for the last 5 1/2 years. Now we are ready to tear the house down and build a new house on the property for us to live in. We recently had the land surveyed and found out we actually own about half of what the agent told us we owned and the railroad owns the other part. (We have maintained both parts). The survey also shows that the railroad owns approx. one half of the house! My questions are: 1. Do we have any action against the real estate agent or the person that sold the house (the owner financed loan is paid off)?
2. We have title insurance, does that help with the house being on two different properties?
3. Who owns the house? Do we only own half? What about tearing it down to rebuild?
As you can see we have a mess! Any help would be appreciated!!
2. We have title insurance, does that help with the house being on two different properties?
3. Who owns the house? Do we only own half? What about tearing it down to rebuild?
As you can see we have a mess! Any help would be appreciated!!