Re: Mechanics Lien on new construction
BBB - One thing to remember, especially about TV - the gigantic tract of land being developed was purchased in little increments over time. A farm here, a house there, probably over years. Not to sound alarming, but one of those many lots could have a title problem, meaning that everything could theoretically go super smooth around you and your house is part of a dispute because the little tract of land you purchased from the developer had a claim on it from years ago. Again, not to sound paranoid, but it seems that 1/2 a percentage point on top of a large investment to preserve title is nothing. I just think of it as part of the price of a house. So instead of buying a $300,000 home, I'm buying a $301,500 home. If that $1500 were made part of the mortgage, it would equate to around $10/mo.
So I'd pay $10/mo to sleep better, for sure.
|