Quote:
Originally posted by Porsche-O-Phile
How did they close without a survey?
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The house that is in my property by 20' was surveyed wrong 15 years ago. The current owner purchased the house cash and decided to save $300 in closing costs and not get a survey. You you like to know how many times I have told this story to people that think we are just taking their money?
compentone- I was on the other side of this. My field crew got spun around and everyone, including me, followed like lemmings as we had a builder build a house 1 lot in the wrong place. Hard to explain in writing.
At the time lots cost 25K and the owner of the particular lot that the house was on owned over 400 lots in this town. No lie, maybe more.
He wanted 60K for the lot even though it was worth 25K. He got it too. I wanted to hunt the guy down and hurt him for cashing in on my mistake.
Another option for the guy was to trade lots and he refused to . So we had to buy it for 60K.
Now I am on the other side of this scenerio, the surveyor that made the mostake retired 4 months ago so finding him and suing him will be next to impossible.
Part of me wants to make $2 on the $1 in a quick turn around investment. Its obvious insurance companies of some sort are going to have to pay. But them I turn into what I detest. I am not buying this lot to cash in, but the idea of it, especially with this slowing economy, is VERY tempting. My business is in bad shape right now and I am trying to decide if I am keeping it the same much longer so a 35K windfall right now might be a good thing.