A couple of months ago we posted about the seller who wouldn’t move out, as strange as that was we’ve now we’ve now learned about a Florida woman that bought a house that was built on the wrong lot. According to the news report, the homeowner purchased her house in 2009 from a now-defunct builder who apparently built the house on the wrong lot instead of the adjacent one that she actually purchased! Interestingly, the survey company hired for the home’s closing failed to discover the error as well. Now, 7 years later, and to the homeowner’s complete surprise, the lot’s true owner is taking legal action. Obviously, there is a title-insurance company with a mess on its hands. For real estate investors, it’s yet another reminder to always do your due diligence when purchasing a property because items from the past could potentially haunt that future investment.
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