Question
Don tells Pete that if Pete takes Don's dog for a walk twice a week for two months, that Don will sell him his land
Don tells Pete that if Pete takes Don's dog for a walk twice a week for two months, that Don will sell him his land he says is worth $850,000.00, near the city of Lake Tahoe, for only $10,000.00. Over the next two months, Pete completes his obligations regarding Don's dog. Pete has never been to the property, but assumes it is a lovely place since it is near Lake Tahoe, and the price is great. Pete gives Don the $10,000.00, and Don gives Pete a Quit Claim deed to the property, and thanks him for walking his dog.
Pete arrives at the property, discovers that Cal-Trans has a small paved road near the west end of the lot, that Pac-Bell has several underground pipes on the property, and that the public and local residents have created a well-worn footpath across the property. Pete is upset, goes to the local title company, and not only discovers the easements, but discovers that Don only had a life estate in the property pur autre vie, and the name of that person is illegible.
what are thevarious issues in this scenario, as Pete's real estate agent, what he can or should do?
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