Post by Admin on Oct 18, 2013 1:13:09 GMT -5
Cross-post from AnonNews
May 9, 2013
Here is the expiration info on the FOR SALE lots in SLR:
64 lots for sale
As these lots were recorded in preparation for the attorney-recommended Seller Disclosure mailing, a casual title search was done. This revealed that 84% of the lot covenants were expired.
So far, the numbers have come in:
Queen of Waters: 58% expired
Stonefly Cr: 81% expired
For Sale lots: 84% expired
_____________________________
Here is the Seller Disclosure recommended by Attorney to protect Sellers when dealing with potential Buyers during the process of settling the Covenants expiration dispute:
Buyer and Seller should sign and date the Disclosure.
_______________________________________________________
May 9, 2013
Here is the expiration info on the FOR SALE lots in SLR:
64 lots for sale
As these lots were recorded in preparation for the attorney-recommended Seller Disclosure mailing, a casual title search was done. This revealed that 84% of the lot covenants were expired.
So far, the numbers have come in:
Queen of Waters: 58% expired
Stonefly Cr: 81% expired
For Sale lots: 84% expired
_____________________________
Here is the Seller Disclosure recommended by Attorney to protect Sellers when dealing with potential Buyers during the process of settling the Covenants expiration dispute:
Seller hereby discloses to Buyer that questions have been raised about the effect of Florida's Marketable Records Title Act (MRTA) on parcels in S-bag Lake Resort. On April 5, 2013, a Notice of Preservation was filed in Polk County Public Records. At this time, there is no pending litigation relative to MRTA, but Buyer should determine for himself the status of covenants and restrictions in relation to MRTA as may affect the property under consideration for purchase.
Buyer and Seller should sign and date the Disclosure.
_______________________________________________________