So then you would have to be saying that when you purchased the property, the title company messed up for old easements or loan not recorded when you purchase the property. If the title company is any good, all of that should have been found and dealt with. It will still fall to the lending institution for all of the disclosures. Yes you need to disclose everything about the property, you have to do that regardless of using a realtor or not. Commercial property is different than personal property. Personal property is pretty cut and dry.
What personal property? Do you believe that commercial property is real property and a house is personal property? Oh my.
- Title company didn’t mess up. My point was how do you deal with items on a title report? The title company doesn’t deal with them. But someone has to do it. What do you do when your buyer asks you about a prescriptive easement? How about a recorded lease option that still shows of record?
- Lending institutions deal with financial disclosures, not property disclosures.