Opinion
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22:04:16
Ransom strips: the bank balance burdens brought on by boundary blunders
When buying a property there are a many things to consider; the crime rates in the area, the surveyor’s report, the potential returns of investing in commercial property, the proximity of a river to name just a few.
In most cases, issues are resolved during a purchase, the purchaser moves in and lives happily ever after. However, as was the case recently with a professional gambler, a property owner may be shocked to later discover that their humble abode is surrounded by a strip of land they thought was theirs but is, in fact, owned by someone else.