Asked by Alfred, 80210 • Sun Jul 4, 2010
I have recently entered into a contract to purchase a home in Denver. During the course of due diligence, it was determined that there is a 6â€ (for 18 feet) encroachment of my neighborâ€™s detached garage onto my property. As such, my title company will not provide insurance on the encroachment but may issue an exception.
In Denver, how will this impact my ability to obtain a mortgage and how will it impact resale? In a couple of states in which Iâ€™ve lived, most lenders will not lend against a property that does not have clear title.
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