Presidio Homes is interested in buying a large tract of land west of Heber City to develop a subdivision. The property currently is owned by Melissa Hakes. Melissa's family has owned that property for several generations. She has cousins who own property on both sides of the tract Presidio is interested in buying. Because the property has stayed in the family, no one has measured the boundaries or had any appraiser come out to determine if fence lines are on the property lines. Discuss Presidio's options for deeds and what sort of deed is most likely going to be used for this sale.

Question

Quizplus · Accepted Answer

The Answer of Presidio Homes is interested in buying a large tract of land west of Heber City to develop a subdivision. The property currently is owned by Melissa Hakes. Melissa's family has owned that property for several generations. She has cousins who own property on both sides of the tract Presidio is interested in buying. Because the property has stayed in the family, no one has measured the boundaries or had any appraiser come out to determine if fence lines are on the property lines. Discuss Presidio's options for deeds and what sort of deed is most likely going to be used for this sale.

Presidio Homes Is Interested in Buying a Large Tract of Land