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Discussion Boards > Active Subjects > Messages as Posted > Buying Ranch Farm Acreage Forum

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11-15-2010, 07:29

Post: 175145

hardwood

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Join Date: Dec 2002
Location: iowa
TractorPoint Premium Member -- 5 Tractors = Very Frequent Poster

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bought some land

Sorry for your bad experience, but do you have any sort of written signed contract with the seller that gave a number of trees that would be harvested? Have you discussed this with the seller or the logger? Perhaps they were in kahoots? Did anyone witness the agreement? You can sue, yes, but if you have nothing in writing you're going to have a hard time even getting a reputable lawyer to take your case let alone court going your way. Fourtunately I've never been sued or had to sue, so I have no first hand experience in a lawsuit. About the only lever you may have is if you haven't made full payment yet.
The days of handshake real estate deals are about over.
Back in the 70's abnd 80's I bought three farms or parts of farms with handshake agreements, all were solid with no problems.
Frank.

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11-15-2010, 08:21

Post: 175147

hardwood

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bought some land

I'm far from being a lawyer, but If the appraiser gave a broken down value of the property, like value of any tillable land, value of the standing timber, any buildings or improvements, etc. you may have a thread of hope.
Frank.

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I'm far from being a lawyer, but If the appraiser gave a broken down value of the property, like value of any tillable land, value of the standing timber, any buildings or improvements, etc. you may have a thread of hope. Frank.

I'm far from being a lawyer, but If the appraiser gave a broken down value of the property, like value of any tillable land, value of the standing timber, any buildings or improvements, etc. you may have a thread of hope.
Frank.