Easement

An easement allows a second party, such as a utility company or a neighbor, access to a property. Easements are legally documented and remain in effect when a property is bought, sold or inherited. Easements may be discovered by a title company during a title search. To change an easement you may need to hire a real estate attorney.

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Easement Comes To Light After Foreclosure Purchase

Added April 3, 2009 by Ilyce R. Glink and Samuel J. Tamkin

When you buy a home from a bank through a foreclosure process some details may be missed. While you may hope that the title company would find documents related to easements, if the previous owner had a private agreement with his neighbor that may come to light later on. What can you do if you discover an easement after a home purchase? How should you handle such a situation and should you hire a real estate lawyer?

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Easement

July 28, 2008

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Summary:

What is an easement? An easement allows a second party, such as a neighbor or utility company, access to your property. An easement is limited to a small part of a property usually and it stipulates the property's condition after the second party accesses the property. You can find out your…

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