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Title Accretion: Understanding Property Boundary Expansion through Natural Processes

Title Accretion: Understanding Property Boundary Expansion through Natural Processes

Title accretion refers to the gradual increase in land area due to natural processes such as erosion, sediment deposition, or changes in watercourses. This phenomenon can have significant implications for property boundaries and ownership rights, as it may change the size and shape of parcels of land over time.
One fascinating aspect of title accretion unfolds along water bodies such as rivers, streams, or coastlines. As water flows, it can erode the banks of the watercourse on one side while depositing sediment on the opposite bank, gradually expanding the land area. Over time, this process can lead to changes in property boundaries, with some landowners gaining additional acreage through accretion, a potential boon for their property’s value, while others may lose land through erosion.
In many jurisdictions, the legal principle of avulsion governs the allocation of newly formed land through title accretion. Avulsion refers to the sudden and perceptible change in a watercourse, typically caused by a natural event such as a flood or storm. In cases of avulsion, the boundary line generally remains unchanged, and any newly formed land belongs to the property owner on whose side of the watercourse it is located.
However, in cases where title accretion occurs gradually over time, the legal framework for determining property boundaries may vary depending on local laws and regulations. This underscores the importance of lawyers being well-versed in these laws, as some jurisdictions use the doctrine of accretion, which allows landowners to claim newly formed land adjacent to their property boundary. However, this may be subject to certain conditions, such as proving that the accretion was gradual and not the result of avulsion.
Title accretion underscores the importance of regular property boundary surveys and accurate legal descriptions to ensure clarity and certainty in land ownership rights. Landowners can protect their interests and navigate potential disputes with neighboring property owners by understanding the implications of title accretion and how it may affect property boundaries.

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DJ Peterson

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This is to give you notice that Sonic Loans Inc., Sonic Title Agency LLC, and Sonic Realty LLC have a business relationship. The nature of the relationship between the Referring Party and the provider(s), including percentage of ownership interest, if applicable, is: Sonic Loans Inc., Sonic Title Agency LLC, and Sonic Realty LLC are all 100% owned by the same party. Because of this relationship, this referral may provide any of the above parties with financial or other benefit.
A. Set forth below is the estimated charge or range of charges for the settlement services listed. You are NOT required to use the listed provider(s) as a condition for settlement of your loan on, or purchase, sale, or refinance of, the subject property.
THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES.
Provider and Settlement Service Charge or Range of Charges
Sonic Realty LLC 1%-6% of purchase price
Sonic Title Agency, LLC Title Insurance Policy: $950 - $1706 on a $250,000 property. (Rates vary and are dependent on the state, selling price, and loan amount on the property.)
Title Search Fee: $250 - $325 (where applicable)
Closing Fee: $450 - $650
Sonic Loans Inc.

This company provides various real estate mortgage loan origination activities either as a third-party originator or a mortgage broker, including loan pre-qualification, competitive bid process (when providing third-party origination services), loan origination, loan pre-approval, loan structuring, processing, and closing.

Loan Origination Charge: 0-3 % of loan amount (may include 3rd party fees)
Loan Discount Fee/points: 0.5%-6% of loan amount.
Application/Processing Fee: $0.00 - $875.00
Flood and tax service: $0.00 - $95.00
Underwriting Fee: $0.00 - $1295.00
Document Review Fee: $0.00 - $400.00
Appraisal Fee: $0.00 - $850.00
Credit Report Fee: $0.00 - $135.00

Actual charges may vary according to the particular lender selected, the particular services provided, and the underlying transaction, borrower selections, etc. Some or all of these fees may be charged by third parties and/or the Member Mortgage Lender/Mortgage Broker. The Member Lenders and Mortgage Brokers have agreed to pay a fee ranging from 0.5% to 2.75% of the loan amount to Sonic Loans in connection with a range of loan origination services provided by Sonic Loans to the Member Lender/Mortgage Broker. The fees are paid either directly to Sonic Loans by the Member Lender/Mortgage Broker or billed directly to you at closing.
B. Set forth below is the estimated charge or range of charges for the settlement services of an attorney, credit reportingagency, or real estate appraiser that we, as your lender, will require you to use, as a condition of your loan on this property, to represent our interests in the transaction.
Sonic Loans Inc. provides mortgage lender/broker services. Sonic Realty LLC provides real estate brokerage services. Sonic Title Agency LLC provides title insurance and settlement services.

Provider and Settlement Service Charge or Range of Charges
Appraisal Fee $0-$800
Credit Report Fee $63-$125
 Actual charges may vary depending on the lender and loan program selected which can be found on your loan estimate.

ACKNOWLEDGMENT

I/we have read this disclosure form and understand that Sonic Loans Inc., Sonic Realty, LLC, or Sonic Title Agency LLC are referring me/us to purchase the above-described settlement service(s) and may receive a financial or other benefit as the result of this referral.