Guy claims $300,00 for $16 court filing via Adverse Possession
 

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.

If it all checks out legally, here's a Good graphic to show the (inevitable) haterz:

http://oi56.tinypic.com/2af0s49.jpg

just in usa you can do stuff like this... jk there are people doing similar stuff all around the globe!

lol good for him I think that news guy messed up the sound on the vid cause you cant hear what they are saying

Adverse possession exists in my part of the world too (Victoria, AU) but I think the required period here is 15 years. It's more to prevent neighbours trying to make you pay market value for a tiny strip of land because they suddenly realise your fence was installed 5 inches too far onto their property 26 years ago.

You'd have to be a bit of a c**t to pull off adverse possession of an entire property or house, because you're really claiming something that was never rightfully yours...

A guy in the Tampa area did that to more than 80 homes. He then rented them out. Last I saw on the news he's still collecting rent. Here's a guy knocking down over $75,000 a month on houses he doesn't own.

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It happens here all the time and only takes 5 years of taxes to be paid and maybe a judge to be paid. All could be done for about 15k.

Please complete the following statement by choosing either A,B or C.

The neighbors have a "case of the ass" about it because :

A. they would rather have an abandoned house on the block

B. they paid out the ass for their homes so it's unfair

C. they paid $300k to run away from niggas and one moved in for free anyway.


:1orglaugh

"C" hahahahaha .......

B and especially C, it makes it so much better that he is black. Pure win.

D. All of the above.

Good for him IMO.

Even if he eventually gets evicted he's living rent free every month.

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you can do it here as well i know
not sure about whole houses etc
but if your drive way was slightly on someone elses property and i think 7 years goes by then its too late...cant make them move it.

Why aren't more people doing this? Also, isn't there a successor in interest for the mortgage company? Usually when a company goes bankrupt a creditor becomes a successor.

is happening all over the US. use google news.

hahahahaha that guy is the man

:1orglaugh:1orglaugh

depending on the area of the country, you can get houses for REAL cheap.

my friend bought a $150k house for about $40k from the a sheriffs sale but ended up owing another $50k in leans, taxes and other bs. still sitting on the market from last I heard