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Reply to "Biggest RE lessons learned/mistakes made"
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[quote=Anonymous]This didn't happen to me, but I am aware of cases where people didn't get a new survey when they bought a house. The old survey they were given by the developer turned out to be wrong, and the house was partially built on someone else's land. In the state where this happened, title insurance didn't cover it, and the buyer couldn't pursue an action against the surveyor, because they weren't privy to contract with the surveyor (the builder was). They were SOL (the builder was long gone). Short version -- when they ask you if you want your own survey, it's no time to cheap out. [/quote]
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