ADVERSE POSSESSION?

By
Services for Real Estate Pros with Midamerica Referral Network

 

A lovely 2 acre parcel of Shell Knob, MO waterfront land will close in 10 days. I sold it to a couple who live next to it, extending their current 5 acres..... or that was the plan.

Checking the plat for the area, I found a break between the two properties. This was a narrow strip, which divided the parcels by 12'. Further checking found that it was not an easement, etc, but was privately held, and until the last 3 years, the owner was paying $58/yr property tax for this 12 x 410' of land! Taxes have not been paid for three years.

There has been no response to the letter I sent to the owner, nor can they be found by checking on line or in the obituaries for Texas.

So what to do? Have recommended the buyers get a survey and consult an attorney. After checking legalities on Adverse Possession, it seems to be a real quadmire (minefield). Sure makes me wonder who dropped the ball on this when any of these properties were last sold to end up with a stray 12 feet of land?

 

Call Joan for all your real estate questions and needs. 417-846-7128

Tri-Lakes Realtors 417-858-3344                      

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Topic:
ActiveRain Community
Location:
Missouri Barry County Shell Knob
Groups:
Vacation and Second homes
Silent Majority
Resort Communities
Realtors®
Localism Beta
Tags:
shell knob
table rock lake
water front land
sureys attorneys

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Rainmaker
339,194
Vern Eaton
Askov, MN
Realtor 320-630-6995

I could tell you what to do in Minnesota, but not in MO.  You gave good advice!

Jan 06, 2012 07:19 PM #1
Rainmaker
160,731
Satar Naghshineh
Satar - Amiri Property and Financial Services Corp. - Irvine, CA

That's the best route. I would consider adverse possesion in this case as well.

 

Jan 08, 2012 01:46 AM #2
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Rainmaker
226,587

Joan Snodgrass

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