Boundary disputes can be a significant source of stress and delay in real estate transactions. Disagreements over property lines can arise from inaccurate historical records, unclear legal descriptions, or encroachments. For realtors, lenders, and investors, understanding how surveys and title companies address these issues is critical.
A professional land survey provides a precise physical delineation of a property’s boundaries. It identifies the exact location and dimensions of the property and can reveal any discrepancies with recorded legal descriptions or potential encroachments (structures extending onto a neighboring property).
The title company, like Tier 1 Title, examines the recorded legal documents and survey plats to identify any historical boundary issues or inconsistencies. While the title policy typically insures the legal description as recorded, it generally doesn’t cover issues that would be revealed by a survey. This highlights the importance of recommending a current survey, especially in older or less clearly defined properties.
When boundary disputes arise, Tier 1 Title can work with surveyors and legal professionals to understand the nature of the issue and explore potential resolutions, such as boundary line agreements or legal action if necessary. Clear communication and a proactive approach are essential in navigating these sensitive situations and working towards a resolution that allows the transaction to proceed.
