Railroad owns land

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Railroad owns land

Unread postby jrgerber » Tue Jun 26, 2018 6:00 am

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Re: Railroad owns land

Unread postby AARR » Tue Jun 26, 2018 6:22 am

I wonder why they didn't post a picture of the actual location and lady who owns the house and instead used a generic city picture?
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Re: Railroad owns land

Unread postby DaveO » Tue Jun 26, 2018 9:06 am

AARR wrote:I wonder why they didn't post a picture of the actual location and lady who owns the house and instead used a generic city picture?

The original article, complete with local pictures, just for you :shock:

https://www.wausaudailyherald.com/story/news/2018/06/18/schofield-neighbors-learn-homes-belong-canadian-national-railway/703801002/

Don't blame the railroad, the owners should have paid the extra costs for a land survey, title search and title insurance. While there are cases where clear title may be impossible to get, the insurance part will at least give you reimbursement should a defect be found later. And if they won't give you title insurance, well, you were warned.
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Re: Railroad owns land

Unread postby AARR » Tue Jun 26, 2018 9:22 am

Thanks, DaveO. I was hoping to see railroad tracks on her property or maybe an old spur :mrgreen: .
DaveO wrote:
AARR wrote:I wonder why they didn't post a picture of the actual location and lady who owns the house and instead used a generic city picture?

The original article, complete with local pictures, just for you :shock:

https://www.wausaudailyherald.com/story/news/2018/06/18/schofield-neighbors-learn-homes-belong-canadian-national-railway/703801002/

Don't blame the railroad, the owners should have paid the extra costs for a land survey, title search and title insurance. While there are cases where clear title may be impossible to get, the insurance part will at least give you reimbursement should a defect be found later. And if they won't give you title insurance, well, you were warned.
PatC created a monster, 'cause nobody wants to see Don Simon no more they want AARR I'm chopped liver, well if you want AARR this is what I'll give ya, bad humor mixed with irrelevant info that'll make you roll your eyes quicker than a ~Z~ banhammer...
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Re: Railroad owns land

Unread postby Doktor No » Fri Jun 29, 2018 9:54 am

I can see the real estate ad now...Foamers Dream Home...half owned by CN with tracks right across the street that's also in the wrong place. Hang a semaphore out front, put in spotlights and you too can be Station Agent! Bay window installation is optional.
I can see this on the back pages of TRAINS Magazine next couple of months.
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Re: Railroad owns land

Unread postby hoborich » Sun Jul 01, 2018 8:19 pm

My property tax bills clearly say "Township not responsible for taxes paid on wrong parcel.
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Re: Railroad owns land

Unread postby Todd Cline » Tue Jul 03, 2018 11:56 pm

Well, here's a conundrum. I see that a lot of balls were dropped in this transaction. First of all, the buyer should have done "Due Diligence" Checking the property records before signing, But also, the seller, and realtor should have done the same. I have known more than a few people that have purchased properties without really getting the whole story. Then they have some big regrets. ALWAYS research any property purchase! You could otherwise find yourself in a BIG pile of dog s#!t..... And not the type you can just scoop up and dispose of......... I doubt that any lawyer can re-draw the property lines. even If they could, I think the fees would FAR out weigh any gains for the property owner.

Todd
PS
As an aside, I have always dreamed of a "House by the tracks", but I'm not sure how I feel about that now....
I'd want to be sure that those "Nice Tracks" by my house didn't host daily trains of Crude Oil, and other Toxic cargo. But a Dinner Train would be just fine. I always read about the "NIMBYS", that fight against such dinner/ tourist trains, claiming all measures of wrack and ruin. I guess I don't have to tell anyone here about that, you all know..
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Re: Railroad owns land

Unread postby hoborich » Tue Jul 10, 2018 11:19 am

Not sure how they paid for the property years ago. But mine and most mortgage companies require Title Insurance. It's been a while, but I don't recall it being optional. Title insurance was part of the closing costs on two homes that I have purchased over the years. I even bought a property on a land contract years ago, and was charged for title insurance at closing.
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Re: Railroad owns land

Unread postby Tim » Sat Jul 14, 2018 7:34 am

During the Conrail era a pair of officials high railed the MC Main with plot maps to compare the maps to what was actually on the ground. They discovered that a gas/convenience store was partly on Conrail property. I've forgotten exactly where it was however I do recall it was on the east end perhaps in the Chelsea area. Anyhow the title company anted up around forty grand to purchase the property from the railroad. Title companies are famous for their reluctance to pay up in these cases and it usually requires going to court to force them to pay.
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