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  1. #1
    Join Date
    Aug 2008
    Location
    Chicago, Illinois
    Posts
    1

    Default Only In The North Woods

    My question involves real estate located in the State of: Michigan

    My husband and I decided to make a bid on some property located near our family's summer cabin.

    We went through the local real estate that had the contract and made a residential offer to purchase. The seller accepted the bid with the agreement that the area located to the west of the property line would be surveyed because of existing electrical poles located along the property line.

    My husband and I set up everything with a local bank and our broker in Chicago. We were all ready to go ahead with the financial end of the purchase.

    Then out of the blue one of the real estate's associates calls and says we have a problem.

    The survey had come back and part of the house and probably the septic field and the well are located on property belonging to the U.S. Department of Forestry.

    I am looking for any advise. What are the real estates responsibilities to both the buyer and seller and what actions do they need to take. What will be their course of action. I want to be the educated buyer.

  2. #2
    Join Date
    Oct 2007
    Location
    Ohio
    Posts
    2,587

    Default Re: Only In The North Woods

    Ask to see the survey and speak to the surveyor.

    That is the only way to find out if this is only a ruse to get you out of the transaction for whatever reason, or if it is really the can of worms that has been described to you.

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