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Do You Own the Land Under Your Home?

Posted by Bonnie Martin Designated Broker on Saturday, January 25th, 2014 at 3:54pm.

houseinfingers_lehui_450When you buy a home, you probably assume that you own everything in and around it within the property lines. But in some parts of the country, homeowners are discovering the property they’re buying does not fully include the land beneath it.

For example, in Tampa Bay, FL a family realized at closing that their home builder had already signed away the rights to the land underneath their home to its own energy company. The “mineral rights” grant gave the energy company the freedom to drill, mine or explore for precious minerals beneath the home.

How is this even possible, and how can it be avoided? Who really owns the land beneath your home? Here’s what you need to know.

To read more of this article, click the link below:


Photo:  ©[lehui]/123RF.COM

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