Imagine getting a $300K house and lot for only $16. Too good to be true? Welcome to the world of Adverse Possession.
http://www.ksla.com/story/15090178/m...m-of-squatting
By the looks of it, the guy has more hurdles to jump before he gets the house though. One of the requirements of adverse possession is that you pay all property taxes on the property in addition to public claims of ownership adverse to 'real' owner.