Richard Goodfellow
Sophomore Member
- Joined
- Sep 30, 2004
- Professional Status
- Certified Residential Appraiser
- State
- Vermont
The property I am appraising gets water from a shallow dug well located across and down the road. It is fairly close to the road and may be in the town right of way. I might have to go back and measure. The deed does not mention water rights and may be just adverse posession since the house was built in 1960. The well is over 10 feet from the subject's property line and the septic setbacks are ok. The seller knows they will most likely have to drill a well but I didn't see where FHA required deeded rights to the well and wasn't sure about the distance from someone elses property line. I thought I remembered the FHA would not take water systems located on another property but not sure about that. I was hoping someone would know off the top of their head what the requirements are so i don't have to hunt around finding it. thanks
