UPDATE:
I had a phone conversation with him yesterday. He realizes he is in the wrong and is very apologetic. The original building was there before either one of us bought the places. The new one is his fault and he admits that. He agreed to pay for a surveyor to come and find the corner and then he wants to run a line towards the water and purchase a pie-shaped piece that will put all the buildings on his land including the 10-foot setback. This would give him more lakeshore which I don't care about since I have no intention of using that lakeshore anyway. My property taxes will go down because the 600 feet of lakeshore I have is what makes my property taxes so high. Good for me and it gets him off the hook.
He says the building materials for the new building will arrive in two weeks and wanted to know what he should do since we can't close a deal that fast, I told him go ahead and finish the building, we'll get this nailed down this summer. He will pay my price for that little piece of land of course but I am not going to gouge him. I'll just pay it on the principle of the mortgage. The bank should have no problem with it since I have plenty of equity on the property. Next step is to go to the bank and clear it with them.
He understands he is going to have to pay for everything. The guy just made an honest mistake and has owned up to it. Wish more people were like this. Plus he knows how to catch walleyes on this lake and now I have some leverage for finding out some of his spots!
LOL Don't bet on your taxes going down. First if it has been awhile since the last property evaluation they will get you. IF the school/gov taxes went up since covid or change in politics it will go up.
Local school system here requested a a reval on all property and my home value went up 60,000 because of the free money bobo is printing.
Just read another thread about property value increases .
