Weather     Live Markets

Annaleine “Anne” Reynolds, a property owner in Hawaii, purchased vacant land in 2018 with plans to build a home for her healing retreats. However, while she was away during the COVID-19 pandemic, a real estate broker mistakenly sold the land to a developer who built a $500,000 home on it. Reynolds, along with several other parties, including the real estate agent, construction firm, architect, prior property owner’s family, and the county, are now being sued by the developer, Keaau Development Partnership.

The developer has offered Reynolds a parcel of land or the option to purchase the house at a discount, but she has rejected the offer, insisting that the original property holds special value to her. Reynolds is counter-suing the developer for the unauthorized construction on her land, which she was unaware of. This unusual situation has led to a complex legal battle, with Reynolds’ attorney expressing shock at the colossal screwup that has occurred.

In addition to the legal dispute, Reynolds has been facing higher property taxes due to the increased value of the land with the newly built home. The vacant property attracted squatters who left behind a mess, requiring Reynolds to install a fence for security. Buying vacant land comes with risks, such as the need for repairs and renovations on neglected properties, as well as the importance of properly determining boundaries and soil safety before construction.

Despite disagreements between the developer, construction firm, and other parties involved, the legal battle continues as Reynolds fights to maintain ownership of her original property. The case serves as a cautionary tale for buyers looking to purchase vacant land, highlighting the potential complications and risks associated with such transactions. Ultimately, Reynolds faces the challenge of protecting her interests and maintaining the integrity of her original vision for the property in the midst of the ongoing legal dispute.

Share.
Exit mobile version