On Mon, 12 May 2008, Bob Ward wrote:
> Here's a fun one for you - My cousin is a Real Estate broker in Lake
> Los Angeles, CA. Several years ago, he sold a lot in Lake Los Angeles
> to a contractor who built a custom house (on spec). At some point
> during the construction, the bank discovered that despite the title
> search and all the inspections, the house was being built on the wrong
> lot. The contractor had signed a waiver declining to have the lot
> surveyed, but my cousin ended up being named in the lawsuit, because
> the contractor claimed (several years later) that the sign was
> displayed on the wrong lot.
>
> The original owners (also named in the suit) offered to settle the
> matter by offering to trade the incorrect lot (where the house was
> built) for the vacant lot next door, where the house was supposed to
> have been built, plus $10,000.
>
> The owner of the lot where the house was incorrectly built refused,
> and went to court claiming that the house belonged to him. In the
> meantime, the builder of the house was unable to sell it, and ended up
> filing bankruptcy, and lost the house and the lot through foreclosure.
> The owner of the lot where the house was built also lost it through
> foreclosure, so he passed on the chance to walk away with a lot valued
> at $45,000 plus $10,00 cash. A comparable lot would now be worth
> $35,000, but it's a moot point now, since he no longer owns the lot or
> the house. Apparently the whole thing is beginning to resemble a
> three ring circus, with each party suing the next in line, and no one
> but the lawyers will ever see a dime.
Ah. Jaundyce v. Jaundyce.
--
"Thank heavens I'm atheist, otherwise I'd be in fear of going
to hell." Veronique explains comparative religion.
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