As a past Real Estate Broker, Attorney who represented real estate clients, and one who bought and sold several farms, I can speak from experience when I say BUYER BEWARE. Here are a few of the available tools to determine the quality of title.
1) You can pay for and obtain an "Attorneys Opinion" as to quality if title
2) You can pay for and obtain an Abstracters Title Search by a professional who searches all the records at the courthouse and recorders office and does a Lien Search and UCC Filing lien search
3) You can buy an Owners Title Insurance Policy
CAUTION many realtors and many lay persons and many inexperienced non professionals DO NOT REALIZE OR UNDERSTAND the significance and importance of BOTH the Schedule A and Schedule B EXEMPTIONS listed on the Title Insurance Policy SO READ AND BEWARE
With such a huge investment and huge risk you just might want to consider the use of a local competent trained professional versus lay persons advice alone, its your money and your risk however, do as you please.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
... [Read Article]
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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