Move it or Not?

[MAXUM]

Originally Posted by swnoel

It protect you FROM adverse possessions... against you not,the other way around.

So I get that is one of the protections it offers - but at the same time the title/deed is supposed to accurately describe the property in question.

I mean common a quick lookup if title insurance yields this result:

Title insurance is a form of indemnity insurance predominantly found in the United States which insures against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage loans


I'd say in this case it would meet the defective and possible financial loss criteria if it doesn't accurately depict the building is over the property line. In fact if the property happens to have a mortgage on it I'd think the lien holder would be very interested to know that a portion of the property that represents a significant percentage of it's value is not completely on the property as described. They too have a vested interest again if applicable.

If this were me I'd be contacting the NH RE commission if there is a case where there was not accurate and complete disclosure there should be culpability on the part of both the seller and listing agent.

Since I'm not a lawyer or have any professional experience here I'm just looking at this though the context of a lay man's interpretation.