Wisconsin real estate
#7511208
02/27/22 12:34 PM
02/27/22 12:34 PM
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Joined: Mar 2013
Posts: 2,172 chelsea,wi
keets
OP
trapper
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OP
trapper
Joined: Mar 2013
Posts: 2,172
chelsea,wi
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I made an off last week on 80 acres not too far from me....offer was accepted and title work has started, close on March 23rd...is there anything that can go wrong between now and then that would prevent that sale going through?...I'm super pumped about this, and actually got what I think is a great deal on it
2021 goals....make time to trap PROUD MEMBER WTA NTA FTA GOA SPORTSMANS ALLIANCE
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Re: Wisconsin real estate
[Re: Hodagtrapper]
#7511238
02/27/22 12:51 PM
02/27/22 12:51 PM
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Joined: Dec 2014
Posts: 2,478 Tug Hill, NY
Squash
trapper
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trapper
Joined: Dec 2014
Posts: 2,478
Tug Hill, NY
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Clouds on the title could be an issue. Never no what the title company may find. As long as your financing is good you should be fine.
Chris X2 I once purchased a property at a IRS auction. I didn’t do my due diligence, took the IRS reps. At their word. They Lied to everyone at the auction, showing a stub report stating there were no liens on the property superior to the US Government. After the purchase I could not get title insurance because their was a $700,000 SBA lien against the property that was sold to another entity. I was lucky,Took me 6 years to straighten it out, and only because the lien holders Lawyers screwed up and my attorney called them on it. It cost me an extra $1500 to quash the lien but ended up with clear title. Make sure you do your due diligence.
Last edited by Squash; 02/27/22 12:52 PM.
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Re: Wisconsin real estate
[Re: keets]
#7511367
02/27/22 02:32 PM
02/27/22 02:32 PM
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Joined: Dec 2006
Posts: 5,570 La Crosse, WI
Macthediver
trapper
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trapper
Joined: Dec 2006
Posts: 5,570
La Crosse, WI
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Most the time person doesn't have to worry to much. Need to make sure you're aware any type easement so no surprises later. Can be as simple as a old broken down gate a neighbor used to move cattle. I did learn the hard way that even title insurance won't help in a lot line dispute. If they issues a person title insurance biased only on a location report not survey. Then you have lot line issues. Title company not much help.
Mac
"Never Forget Which Way Is Up"
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Re: Wisconsin real estate
[Re: keets]
#7511426
02/27/22 03:13 PM
02/27/22 03:13 PM
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Joined: Mar 2012
Posts: 4,324 AK
FairbanksLS
trapper
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trapper
Joined: Mar 2012
Posts: 4,324
AK
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What’s a location report and who prepares and signs it?
Congrats. It’s always better to find any problems prior to taking title. Any leverage you have is gone. I’m accustomed to having an attorney represent me. I pay him and my interests become his interests. Who does a title company represent?
Last edited by white dog; 02/27/22 03:28 PM.
formerly posting as white dog
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Re: Wisconsin real estate
[Re: keets]
#7511528
02/27/22 04:20 PM
02/27/22 04:20 PM
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Joined: Jan 2008
Posts: 9,226 Alaska and Washington State
waggler
trapper
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trapper
Joined: Jan 2008
Posts: 9,226
Alaska and Washington State
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Or the seller could just refuse to close (because maybe he found someone else to give him more for the property). I the event that happens you would be forced to sue him for performance. Happens once and a while, but not common.
"My life is better than your vacation"
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Re: Wisconsin real estate
[Re: keets]
#7511551
02/27/22 04:48 PM
02/27/22 04:48 PM
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Joined: Jan 2014
Posts: 3,239 Co.-Wy. part time AK.
wy.wolfer
trapper
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trapper
Joined: Jan 2014
Posts: 3,239
Co.-Wy. part time AK.
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Get it surveyed and do a thorough check for easements and make certain there are no "adverse possession" claims.
Last edited by wy.wolfer; 02/27/22 04:49 PM.
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Re: Wisconsin real estate
[Re: keets]
#7511574
02/27/22 05:10 PM
02/27/22 05:10 PM
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Joined: Mar 2012
Posts: 4,324 AK
FairbanksLS
trapper
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trapper
Joined: Mar 2012
Posts: 4,324
AK
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That’s good advice. If I lived in Wisconsin I’d call Zim. If he couldn’t do it he might be willing to give the names of a couple of surveyors in your area.
Last edited by white dog; 02/27/22 05:13 PM.
formerly posting as white dog
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Re: Wisconsin real estate
[Re: keets]
#7511788
02/27/22 08:12 PM
02/27/22 08:12 PM
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Joined: Dec 2021
Posts: 828 Indiana
CaseXX
trapper
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trapper
Joined: Dec 2021
Posts: 828
Indiana
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All advice has been covered, so congrats.
Rules: Col. Jeff Cooper #1for a gunfight Gibbs. #9 always carry a knife
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Re: Wisconsin real estate
[Re: keets]
#7511874
02/27/22 08:53 PM
02/27/22 08:53 PM
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Joined: Mar 2013
Posts: 2,172 chelsea,wi
keets
OP
trapper
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OP
trapper
Joined: Mar 2013
Posts: 2,172
chelsea,wi
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thx guys! I've been looking for years for a spot like this
2021 goals....make time to trap PROUD MEMBER WTA NTA FTA GOA SPORTSMANS ALLIANCE
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