Financing failed!

Hello, I need some advice from you. Today the bank contacted us and said that we would get money, but not in connection with the property we chose. Because in the land register something is mentioned about possible tunnels under the property and the city is not liable for possible damages. After a long phone call with the city, it turned out that back in 1956 this was simply written into the land register for all properties in this area to protect themselves. Although it does not concern this property. And they do not want to delete it from the land register either. Has anyone of you ever had this problem? Can you tell me how much a soil survey costs to determine something like this? Thank you

If the statement is true that this is common practice there, then contact a local bank. They should be familiar with the situation. For mining impact, you should get in touch with the RAG and ask what they can contribute. Expert opinion to find a tunnel? No idea, probably something in the five-digit range. Such a tunnel is not exactly two meters deep. But maybe a professional will respond to that.

I don't want to scare you, but this is pretty much the worst thing that can happen to you with properties. I work myself at a larger bank and a client told me that years ago she had to declare bankruptcy because she stupidly bought a house with a property exactly like this one, and naively signed the financing at the notary. No bank wanted to finance the money she needed and of course she couldn't cancel the purchase. Despite subsequent litigation, there was no solution. Definitely try to get rid of this entry, although that is probably almost impossible in a mining area, since no one wants to take on any potential liability... it also becomes problematic insurance-wise... :-\

In Germany, there are special companies for defunct mining fields that manage the legacies of mining activities (burdens, rights, properties, etc.). These are also consulted during the new development of construction areas and can provide information. However, they only know the documented status and point out that illegal mining may also have taken place.

@MarcelIn:

Information on the mining situation and risk of mining damage Belongs to the area of Energy, Mining

The District Government of Arnsberg, Department 6 Mining and Energy in NRW issues, upon request, a fee-based information on the mining situation and risk of mining damage in the area of a property (fee range: 20 to 120 EURO).

As far as I know, they are responsible for the entire NRW.

Google them. They should also be able to tell you who might be the legal successor.

As already written above: RAG