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[quote]QUOTE: Originally posted by mudchicken LC- That's mostly just the sales transaction contract for the line. It gets worse for the contractural agreements/licenses/contracts that come with the property during sale. I've also seen swoosh and yellow's corporate legal folks get rid of more than they thought they were with quit claim deeds which should be a signal to get a new set of legal beagles. And yes, those bargain & sale agreement with the conditional/restrictive clauses are a headache. Know of at least two shortlines suing yellow over those conditions tied to questionable AAR embargoes. [/quote] Sadly, too true. Many of the easements, licenses and other real estate agreements are beyond the skill sets of many short line operators. Quitclaim Deeds are very common in the industry, but generally not a big problem as when the property transfered is an operating railroad it is nearly impossible for outsiders to affect the property transfer. It is impossible to get a loan from a bank based upon a quitclaim, unfortunately. LC
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