Man get $330,000 house for $16! (YMMV)

[Trip B]

First of all the basic law :

Quote:
Adverse possession is a principle of real estate law whereby somebody who possesses the land of another for an extended period of time may be able to claim legal title to that land. The exact elements of an adverse possession claim may be different in each state.

http://www.ksla.com/story/15090178/man-claims-house-for-16-as-neighbors-accuse-him-of-squatting

Quote:
Flower Mound, TX (WFAA/CNN) - Thanks to a little-known law in Texas, a man apparently won ownership of a house for less than $20, but neighbors aren't happy with his deal and are trying to get him out.

[Remainder of quote removed by admin for copyright reasons]

Link to the video of the story

http://www.ksla.com/category/194397/video-landing-page?autoStart=true&topVideoCatNo=default&clipId=6055713

Link to the house- status is "off market"

http://www.trulia.com/homes/Texas/Flower_Mound/sold/131722-2205-Waterford-Dr-Flower-Mound-TX-75028

State Adverse Possession Laws.

Find the applicable laws for your state

http://law.findlaw.com/state-laws/adverse-possession/

:D

[Nick Richardson]

I have seen this in the news in a few different places. I'm not sure why everyone is saying he got a house for $16. He was a far ways away from ever owning that house and to me he was just a trespasser. Adverse possession takes a very long time.

There shouldn't have even been any talk of having to file for eviction in the courts. The police should have simply removed him for being in a home that did not belong to him and he should have been charged with breaking and entering. This is my opinion of course, others might not agree but oh well.