- April 26, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Understanding the Situation with the Property Lots
I recently closed on my house in January and was contacted by the seller’s lawyer regarding some paperwork that needs to be signed. The property in question consists of 5 lots, even though I was initially informed that it was only 3 lots, with mine being the middle lot. This discrepancy has left me unsure about the tax implications and how to proceed with the situation.
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In this confusing scenario, the AI Legalese Decoder can help clarify the legal jargon and provide insights into the implications of the incorrect lot information on my property contract. By using this tool, I can better understand my rights as a homeowner and determine the best course of action to resolve the issue. Additionally, the AI Legalese Decoder can assist in navigating the process of seeking reimbursement for any overpaid taxes due to the error in the property documentation.
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Did you get title insurance with your title/closing company? If so, send this to them.
This just happened to me, in the reverse. I was buying a house with 5 lots and the original closing documents only listed two lots. Luckily we caught it at the attorney’s office and it was quickly fixed. The attorney said it happens once in a while and it gets fixed somewhat easily, as it’s what was intended. You may not have paid any extra taxes, however if you did you will be made whole. From what I understood, all parties want the mistake fixed and moving on. I am not an attorney.
Did you have a closing attorney? You should have had one representing you. Call them and get them involved. Sign nothing.
This is too complicated for reddit lawyers. Contact a real property lawyer. Preferrably a lawyer that handles both transactional and litigation property issues, or a firm that has departments housing both types of lawyers. This reads like a law school exam problem and is probably too complicated to figure out on your own (especially with the amount of money here). Good luck!
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This looks like a scrivener error. You should be made whole if you had any extra expenses, but the end result should be for the transaction to be completed as was intended by all the parties.
That said, if you didn’t have it done earlier, an ILC could be a good idea.
Beware if in an HOA, depending on how that goes you could owe dues for each lot.