perpetual easement agreement

Our bank foreclosed on a piece of property with a cellular system installed on the building. We have owned the property a couple of years and have not received any income. We were told that a perpetual easement agreement had been signed. Does that mean that the previous owner received an upfront payment for the easement? Does the foreclosure process in Missouri vacate the easement? Do we have any options or are we obligated by the agreement? The bank did sign a Non-disturbance and attornment agreement.

Thanks

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Dec 21, 2014
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by: Steve (Tower Genius)

It sounds like a permanent easement has been sold pertaining to the cell site. There are some loopholes that we have encountered they sometimes allow you to break such deals. Give me a call ... the initial consultation is free.

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