Quote:
Originally Posted by Crusty
I have been told that title insurance is good for as long as you own the property. They guaranteed clear title and if they missed something, they are liable. I'd suggest you at least check this with a local realtor or bank.
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I agree. I don't think title insurance ends just because you don't have a mortgage.
I am a little confused though. It is my understanding that the state bought all the land from the railroad all the way to Lincoln. So how does the town own some of it?
Root, I truly feel so sorry for you and your family-my heart goes out to you. What a terrible thing to go through!! You are right, the value of your house very much relies on the lakefront property. And with all this going on you could never sell and get out of the whole mess-at least until it is settled, which could be years.