Re: Title search question
I'll guess what probably happened was some type of forced sale. (tax sale, sheriff sale, etc. in the properties history. etc. That in itself is not necessarily a deal breaker. Tax and sheriff sales are usually pretty solid if the paper trail exists proving that the owner got proper notice but a quiet title will remove all doubt that the title is clear. An uncontested quiet title shouldn't cost more than $1500-2000 max. A contested one can get ugly if the paper trail isn't solid. You need to find out exactly what the issue is and you need a lawyer representing you and not just the seller, in this purchase if you move forward. On the other hand, if you're not spending a lot of money on the camp, you're not risking a lot and something 60 years old is not very likely to become an issue now. It WILL be an issue with a bank if you ever plan to do a true mortgage.
Life Member of NRA, Tall Tine outfitters, and life member of UBP.