Not sure if this is what you are getting at but is related.
My Mother in Law had inherited a lake cottage on a channel from her father. Across the road from it were some small lots owned by multiple owners. She and the FIL bought a few lots from one owner and built a pole barn to house the boats, jet skis, mowers, that sort of thing. The lots there are 20' wide and 100' deep. Later they decided they wanted to build a house at the lake and live out there full time. The current rules are you have to have at least 5 lots to build. For the house they wanted that would not have been enough. In addition the lots were two deep from the road because there was supposed to be a road build 200' back from the existing road, but it was never built but shows on all the survey maps.
So her and her lawyer, who specialized in real estate law, found the owners names and began to contact them to buy the lots. Some she contacted in her own name, others the lawyer contacted. Many of the owners owned anywhere from one to three lots and they all thought they were going to build on it or put a camper on it, etc. Most eventually sold when they were told they had to have at least five to build on or park any sort of living unit. Some were land locked due to being on the second tier and with no road there was no access, especially since she had most of the road lots tied up at that point. Some actually came out to look, and yep, no road. They sold. At closing many of the owners never knew who really bought it, the attorney or his secretary was the "buyer" on many of them, with an immediate transfer to the MIL.
A group of three lots had been inherited by five siblings, three of them were willing to sell the other two not. Never could understand what they thought they were going to do with it other than pay taxes on it. So she just bought their three fifths interest and became co-owners with the other two. I believe the other two eventually sold out once they figured out what happened. On one lot the owner had stopped paying the property taxes and couldn't be contacted so she started paying the taxes and just using it as part of the whole parcel. I think they call that "adverse possession". It was one of the land-locked lots anyway. One guy said he was going to buy more lots, MIL said: no you won't, because I own all the lots around you. People get stupid when it comes to real estate I guess.
I think she ended up with 14 -18 lots total and built the house they wanted and have a nice sized yard area to go with it and the big barn for storage.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Upgrading an Oliver Super 55 Electrical System - by Dennis Hawkins. My old Oliver Super 55 has been just sitting and rusting for several years now. I really hate to see a good tractor being treated that way, but not being able to start it without a 30 minute point filing ritual every time contributed to its demise. If it would just start when I turn the key, then I would use it more often. In addition to a bad case of old age, most of the tractor's original electrical system was simply too unreliable to keep. The main focus of this page is to show how I upgr
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
