Real Estate Investing Basics

Real Estate Vocabulary: Adverse Posession

Expertise: Real Estate Marketing, Personal Development, Real Estate News & Commentary, Mortgages & Creative Financing, Real Estate Investing Basics, Landlording & Rental Properties, Flipping Houses, Personal Finance, Business Management
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Adverse posession is a method of acquiring the title to someone else’s property by occupying the property against the rightful owner’s rights. NOTE: Adverse posession cannot occur on publicly owned (government) land. According to Wikipedia, “Adverse possession requires the actual, visible, hostile, notorious, exclusive, and continuous possession of the property, and some jurisdictions further require [...] View the full article: Real Estate Vocabulary: Adverse Posession on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

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Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, educator, and co-author of
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    George K.
    Replied over 13 years ago
    It seems like adverse posession and eminent domain are both just legal loopholes to let people get your proprety even though they have no rights to them. Eminent domain is another reason we’re losing our rights under president Bush, here in the USA.
    Bryce Beattie
    Replied over 13 years ago
    That comment makes it sound like President Bush came up with the idea.
    Replied over 12 years ago
    what does MEC stand for when related to dates in a contract to buy and sell?
    Replied over 6 years ago
    Have seen this used in elder abuse/elder fraud. The nice sympathetic person writes up a contract that allows them to convert part of a house into a rental, and “agrees” to pay the property taxes as part of the deal. The case I’m familiar with the con artists took most of the house in the “remodel” leaving the elder with only a barely accessible space, didn’t finish all of the remodeling, didn’t give her income from the one unit they did rent….needless to say they DID pay the taxes (surprise surprise!). Another few years & they would have stolen the property outright. Fortunately the family found out, stepped in & after a huge amount of legal work got rid of the scumbags.