Incorrect Survey done 15 years ago
I am in the process of selling land in Texas and have been informed that the survey done 15 years ago does not align with a recent survey done with a neighboring property. Seems like title insurance should cover this. We are having discussions about a "boundary agreement" but I would be very interested in anyones advice regarding this issue.
Thanks in advance!
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I'm not sure what you mean by they don't align, is there an overlap or a hiatus? Keep in mind, like many things, survey accuracy has improved in the last fifteen years. Keep in mind also, differences between surveyor's opinions as to boundary line locations are not unusual. If you believe the matter might be covered by your title insurance, submit a claim to the insurer and allow them time to make a coverage decision and take actions before entering into any agreements that might affect the insurer's ability to defend your title. Failure to do so may result in a loss of coverage.