So We purchased 15 acres last year with hopes of building our home it. So last August I put in for a permit with corps of engineers to dig a pond and build up my property and a house pad. So fast forward till last week I finally heard back from them now they tell me my property is mostly wetlands. I purchased this land with restrictions and residential property. Looking back now guess I should have looked further into. But the bank didn’t catch this either and the realtor didn’t disclose it. So I have researched about mitigation and it looks like it will cost anywhere from 5k to 70k per acre to mitigate. Now I don’t know what to do the land is no longer worth what I paid for it. Any help there would be greatly appreciated.
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