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Old 07-18-2011, 04:01 AM   #1
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:stop 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.
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Old 07-18-2011, 04:03 AM   #2
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If it all checks out legally, here's a Good graphic to show the (inevitable) haterz:

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Old 07-18-2011, 04:42 AM   #3
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just in usa you can do stuff like this... jk there are people doing similar stuff all around the globe!
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Old 07-18-2011, 05:11 AM   #4
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lol good for him I think that news guy messed up the sound on the vid cause you cant hear what they are saying
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Old 07-18-2011, 05:30 AM   #5
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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...
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Old 07-18-2011, 05:39 AM   #6
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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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Old 07-18-2011, 05:50 AM   #7
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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.
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Old 07-18-2011, 06:02 AM   #8
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Originally Posted by $5 submissions View Post
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.

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.


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Old 07-18-2011, 06:13 AM   #9
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"C" hahahahaha .......
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Old 07-18-2011, 06:45 AM   #10
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B and especially C, it makes it so much better that he is black. Pure win.
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Old 07-18-2011, 07:06 AM   #11
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D. All of the above.
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Old 07-18-2011, 08:58 AM   #12
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Good for him IMO.
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Old 07-18-2011, 09:31 AM   #13
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Yeah, it's possible but you would need a court decree and that is not so easy to prove the adverse possession exists ...
Quote:
The elements of adverse possession in *this state* are: actual, visible, open, notorious, exclusive, and uninterrupted possession of the property that was hostile to the owner and under cover of a claim of right for a fifteen-year period. Rozmarek v Plamondon, 419 *this state* 287, 295; 351 NW2d 558 (1984). It is possible to gain a prescriptive easement, also, the elements of which are the same except for exclusivity (it's not necessary for the use by the person claiming the easement to have been exclusive). **Community Crier, Inc v Prose, 242 *this state* App 676, 679; 619 NW2d 725 (2000).
Proof of cumulative time in possession by successive persons is also possible.
**not legal advice offered for discussion purposes only

Last edited by Barry-xlovecam; 07-18-2011 at 09:41 AM..
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Old 07-18-2011, 09:36 AM   #14
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Even if he eventually gets evicted he's living rent free every month.

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Old 07-18-2011, 09:39 AM   #15
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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.
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Old 07-18-2011, 02:01 PM   #16
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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.
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Old 07-18-2011, 02:03 PM   #17
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is happening all over the US. use google news.
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Old 07-18-2011, 02:08 PM   #18
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hahahahaha that guy is the man
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Old 07-18-2011, 05:04 PM   #19
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Old 07-18-2011, 08:20 PM   #20
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Quote:
Originally Posted by blackmonsters View Post
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.


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Old 07-18-2011, 08:31 PM   #21
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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
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