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Posted: March 20th, 2024
Acme land company sold a lakefront lot to sarah farris
Acme land company sold a lakefront lot to sarah farris. The date of the sale was July 30, 2013. Acme transferred the lot to sarah by a limited warranty deed. the deed warranted that the proper was free of liens and encumbrances. Acme had owned the lot since march 10,2007. After the sale when sarah was seeking a mortgage loan to build a home on the lot, sarah discovered that the lot was encumbered by an easement for general public access to the lake. the easement was created in april of 2004 by a previous owner of the lot. The easement resided the size of the lot for building purposes and reduced its value. Can Sarah sue Acme for breach of a deed warranty?
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