This Is Why You Always Read The Prelim
May 1, 2008 | By Kelley Koehler | Filed Under Home Buying
As part of buying a home, you’ll get a big packet of stuff from the Title company, with a preliminary title report. It’s very important that you read through the stuff the title company sends you, as the title report can uncover some interesting things. Such as….
See those words circled in blue? “Well agreement.” Ah, what well? We have no information about a well on the property.
Also this: see that blue arrow pointing to that long rectangle? That long rectangle is a utility easement, 10 foot wide, where the electric company has the right of way to that strip of land on the parcel, a strip where the owner can’t put a building or a fence or otherwise obstruct the electric company’s access.
Now, I’m no surveyor, but I’m going to give you one guess as to where it appears house is, relative to that easement…
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LMAO. That’s funny. Well spotted Kelley.
[...] Feeling uneasy about easements? Housechick catches a good one in This Is Why You Always Read The Prelim. [...]
“Well Agreement” or “Well, Agreement”. LOL! Where wolf, there wolf!
They have underground water in Tucson? Great catch.
Yowza! That could create a few headaches for said buyer
[...] agent. I won’t go into right vs wrong agents here, but I do like to share when I find a good example of one of the many small things that the right agent can/will do that can/will save you big bucks [...]
[...] wrote earlier about why you review the preliminary title report, but let’s just review what a preliminary title report is. We call it “the [...]