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User Stats

2
Posts
1
Votes

No well on property, title insurance

Dennis Carter II
Posted

I recently bought a flip house and upon starting on the house I was shocked when we had no water.

The neighbor of the property was sharing his well with the house, he and the deceased owner had a verbal agreement, nothing was filed. 

Before I bought the house, I found a 3 inch pipe with a spicket and electrical wiring going to it. I figured it was the well and did not bother to check if it worked, i buy houses as is and dont mind replacing the pumps or piping if needed.   I had purchased title insurance and they did not find anything regarding this. My question is would title insurance kick in regarding this issue? 

User Stats

16,394
Posts
13,903
Votes
Chris Seveney
Pro Member
#2 All Forums Contributor
  • Investor
  • Virginia
13,903
Votes |
16,394
Posts
Chris Seveney
Pro Member
#2 All Forums Contributor
  • Investor
  • Virginia
Replied

@Dennis Carter II

Not an attorney but I do not see why title insurance would cover this as there was no written agreement that was missed it was verbal - there was nothing they missed.

Sounds like your best bet is to drill your own well.

User Stats

55
Posts
15
Votes
Karen Wanamarta
Agent
  • Investor
  • Nashville, TN
15
Votes |
55
Posts
Karen Wanamarta
Agent
  • Investor
  • Nashville, TN
Replied

@Dennis Carter II I don't see why title would cover this. Did you use a home inspector? 

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