Texas Man Takes Advantage of Loophole That Allows Him To Live in $300K Home for $16 Bucks?
The law in Texas is called "adverse possession". The owner of this particular home simply walked away and the mortgage company happened to go out of business.
This opened the door for this "Squatter" as the neighbors call him, to go to court and sign a form claiming ownership of the house that he payed for a mere $16.00
If the home owner wants him out then he has to pay off the massive mortgage debt and the bank would have to file a lawsuit. The "squatter" thinks that neither of which is likely gonig to happen so he is staying there for three years until he can ask the court for ownership.
This has the neighbors outraged that this guy is "living on easy street" and are looking for ways to get him out, but for now he says he ain’t going anywhere.
What do you think about this?
http://realestate.aol.com/blog/2011/07/18/man-snags-300-000-house-for-16/?icid=maing-grid7%7Cmain5%7Cdl3%7Csec1_lnk3%7C78504
People amuse the cr*p out of me. So, basically, all these people are in a twist b.c. this guy was smarter than they were. It looks as though everyone else had an equal opportunity to do the same thing. Early bird gets the house. Good for him. I’d certainly rather see someone like this get a piece than those rat f**ks on wall street.
Can you believe this? This is outrageous?
A homeless paralyzed army vet was about to get a free home………
but they decided not to give it to him because it would "bring down housing values in the neighborhood."
http://realestate.aol.com/blog/2011/06/28/hoa-halts-construction-of-paralyzed-army-vets-home/?icid=maing-grid7|maing9|dl10|sec1_lnk1|73851
Yes, that is outrageous.
Why do white people get mad when a black man buys a $300,000 house for $16.00?
http://realestate.aol.com/blog/2011/07/18/man-snags-300-000-house-for-16/?icid=main%7Chtmlws-main-n%7Cdl10%7Csec1_lnk3%7C219259
Just look at the above website and that will explain everything, it also has a 2 minute video explaining what the black man did that was LEGAL.
Thank you for posting this, that man is so intelligent.
LMFAOOOOOOOOOOO @ the white neighbors anger hahaha, they are just mad b/c they didn’t do their research! We are taking ova hahahaha