Shopping for real estate? What you don’t know CAN hurt you! This market is HUGE right now, and everyone and their mother seems to be buying real estate of some kind. There's a lot to know other than just the price of the property when looking for your perfect piece. If you’re in the market for real estate, do yourself a favor and obtain a 100-year title search. Many title searches only look back 40 years. But sometimes 40 years does not go back far enough to reveal certain encumbrances. A good example is a utility easement. Although it might not show up in a 40-year title search, it is perpetual in duration, and the law provides that a property owner is bound by a recorded easement, even if it doesn’t show up in a title search. The last thing anyone wants is to purchase a piece of property for development—or worse yet, for their home—based upon the understanding that it is unencumbered, only to find out later that a utility company has decided to exercise its easement rights. Read more at https://www.ralaw.com/storage/top%2012%20legal%20tips%20-%20jeremy%20young.pdf
By Roetzel RALAW