Helps to know the law - 330K house for 16 bucks

[pauldun170]

http://gizmodo.com/5823573/man-used-a-loophole-in-the-law-to-pay-16-bucks-for-a-330000-house?tag=top

[Archren]

He should be a lawyer, what with his knack for sniffing out the loopholes. :lol:

[fatbuckRTO]

Adverse possession is a bullshit law. It might have made sense for the Cartrights and their neighbors around the Ponderosa, but in modern times, and especially inside city limits, that property belongs to someone. That someone is not Kenneth Robinson.

My ex-girlfriend's parents were trying to claim adverse possession on a twenty-foot-wide strip of land next to their driveway. They planted three or four trees and were hoping the land owners didn't notice for a few years. It's crap; if the land is that important to you, buy the damn land. If it's not for sale, suck it up and drive on.

In an article from one of the Dallas-Fort Worth stations, Robinson talks about starting seminars on how to steal property through adverse possession. I can easily see this becoming a trend these days. People use a bad economy to justify all kinds of shit, like drive-offs at the pump. Better put a fence around your yard now, before a Robinson-seminar attendee claims your back patio.

[Captain Morgan]

I'll be surprised if he ends up with the house. He has to stay there for 3 years without being evicted by someone. I doubt that will happen, especially now that he's bragged about it to everyone. If he'd kept his mouth shut, it might have been possible, but someone will find a way to get him out of the house, be it the owner, the bank, the city or the HOA.

[Particle Man]

I'll be surprised if he ends up with the house. He has to stay there for 3 years without being evicted by someone. I doubt that will happen, especially now that he's bragged about it to everyone. If he'd kept his mouth shut, it might have been possible, but someone will find a way to get him out of the house, be it the owner, the bank, the city or the HOA.

Meh- the HOA would only screw with him if he fails to cut the grass.

Not sure about that area, but in NY he'd be stuck with the property taxes, both current and past-due plus interest (like 24% or something stupid like that) which could easily be more than the price of the house.

I'd laugh if that were the case there.

[RACER X]

Wait til he gets the yrly tax bill for a 300k house, lol

[RACER X]

http://blog.chron.com/newswatch/2011/10/woman-accused-of-squatting-in-foreclosed-house/

[derf]

http://blog.chron.com/newswatch/2011/10/woman-accused-of-squatting-in-foreclosed-house/

“haha! Free house! Oh wait I can go to jail fort this shit? But dude in the seminar told me!"

[Particle Man]

Haha - nice

[Kaneman]

http://blog.chron.com/newswatch/2011/10/woman-accused-of-squatting-in-foreclosed-house/

You lazy bitch.

[azoomm]

This isn't anything new, we had someone try to do this to us when I was rehabbing houses.

If he can afford the taxes, HOA dues, maintenance, etc on that house I think I would rather him move in than have a vacant piece of crap property sitting there next to mine. If he can't afford it, he'll be evicted.

Though, I'll say this, he had a better chance if he were patient and quiet...

[njchopper87]

If he can afford the taxes, HOA dues, maintenance, etc on that house I think I would rather him move in than have a vacant piece of crap property sitting there next to mine. If he can't afford it, he'll be evicted.

Aye.. we've had a vacant house next to us for about 4 years now.. the people that used to live there abandoned the place and the people that renovated it are making a shitty attempt at selling for huge profit. Not in this market, not in this town, not in this neighborhood will you get the price you're going for, damn it. At least it isn't overgrown anymore though. :/