Posted by eric on June 09, 2004 at 10:43:28:
Call a title company and find out. Generally, title insurance policies only provide coverage for a claim adverse to your title (i.e. un-recorded deeds). Title insurance will usually not provide coverage if your property ends up not being sub-dividable due to size. The lot size at the assessor’s office is for tax purposes, not title. A survey will show the true size of the lot and will generally be relied upon when seeking permits and certificates of compliances.
extent of title insurance coverage - Posted by Sherry
Posted by Sherry on June 09, 2004 at 08:38:10:
I am considering purchasing a house on a lot which appears to be subdividable (according to the deed’s description of the property size). My profit would be entirely in the extra building lot which would be subdivided off from the house and its lot. Owners not taking on a contingency for this. The problem: the description in the tax office shows the lot as being 11’ narrower than the deed description; if the lot description at the tax office is accurate, it would mean that the lot would not be subdividable. I contacted the surveyor who most recently surveyed the property when it was last transferred (2001);he says he is aware of the discrepancy. Since the title co. didn’t take exception to the deed description, he picked up the measurements from the deed (the wider dimensions). If I buy this property, will I be protected by the title insurance as to the lot size description (the wider size)?