Remember the first time you were introduced to the concept that the law, as discussed theoretically in law school, was not necessarily the law as it played out in reality?  Please allow me to provide yet another example of what happens when the cost/benefit analysis of defending what is obvious under the law weighs heavily in favor of tossing hundreds of years of property law out the window.

When new subdivisions are surveyed and platted the ordinary method of establishing restricted districts is to file a plat and bill of assurance, whereby the owner obligates himself not to convey except in conformity with the restrictions imposed in the bill of assurance. 

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry