Easement
The city is asking for an easement so they can run electric lines on one side of my property. What are my rights on this if I refuse?
The city is asking for an easement so they can run electric lines on one side of my property. What are my rights on this if I refuse?
bolumenb,
Glad to meet you.
Read all about the Power of Eminent Domain.
http://en.wikipedia.org/wiki/Eminent_domain#Terminology
John $Cash$ Locke
[addsig]
try to get them run underground at least.
Check your title policy - typically it will list easmonts on your property.
read your post more carefully this time. You say the City is
"asking for an easement" which I hope means that none currently exists. (I hope I understood).
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That is correct, there is no easement now.
City wants to obtain an easement through a portion of my property. The lot next door has a electric substation now.
City wants the power lines to come through my property as they want to abandon a sanitary station so they can run a sanitary sewer to where their electric substation is now.
The short answer is that you should contract and pull permits in the company name and have the board put you as the qualifying individual for that company..............by doing that you are protected (somewhat).
NC_Yank
is it an ARM and the rate went down?
I thought it was fixed, but I will have to find the paperwork. If it is ARM, should I have gotten a letter about the change in payment or something?
Your monthly payment has four components, principal and interest, hazard insurance, and property taxes. Adding up the amounts you are required to pay for all four of these components each month gives you the $650 stated on your coupon.
Late fees are assessed against principal and interest, not to escrow amounts. I am guessing that the late charge for your loan is 5% and that the principal and interest component of your monthly payment is $424.66. A 5% late fee comes to $21.23.
You will still need to send in the entire $650 with the additional $21.23.
Could the difference be your monthly tax and insurance escrow?
Jim
***good timing NK!**[ Edited by jimandlacy on Date 07/16/2008 ]