Man Claims $300K house for $16

[jimmy olsen]

Awesome! 

http://www.youtube.com/watch?v=356kiqllkU8

[Razgovory]

I wonder if they are concerned that the guy is smarter they are, or are they bothered by the fact that he is a black man.

[Grey Fox]

White lady is pissed off that a black man moved in.

[Scipio]

That's hilarious. A 3 year statute for adverse possession?  WTF?  It's ten years in MS, and is almost impossible to prove.

[Caliga]

Now that the good folks in Texas have seen this law benefits uppity niggras, the glitch will be rapidly fixed.

[jimmy olsen]

Now that the good folks in Texas have seen this law benefits uppity niggras, the glitch will be rapidly fixed.

Given the spelling on that document, it looks unchanged since the 19th century.

[ulmont]

That's hilarious. A 3 year statute for adverse possession?  WTF?  It's ten years in MS, and is almost impossible to prove.

It's only 3 years under color of title.  There are 6 and 10 year variants in Texas as well IIRC.  Whatever this dude filed isn't going to stand even the 3 year test.

[jimmy olsen]

That's hilarious. A 3 year statute for adverse possession?  WTF?  It's ten years in MS, and is almost impossible to prove.

It's only 3 years under color of title.  There are 6 and 10 year variants in Texas as well IIRC.  Whatever this dude filed isn't going to stand even the 3 year test.

Didn't the bank go under? Who owns the mortgage now and is in a position to sue? Another bank bought up the assets?

[ulmont]

That's hilarious. A 3 year statute for adverse possession?  WTF?  It's ten years in MS, and is almost impossible to prove.

It's only 3 years under color of title.  There are 6 and 10 year variants in Texas as well IIRC.  Whatever this dude filed isn't going to stand even the 3 year test.

Didn't the bank go under? Who owns the mortgage now and is in a position to sue? Another bank bought up the assets?

The mortgage company filed bankruptcy.  Someone will come out of the bankruptcy with the right to sue, although it may take a while.  Like I said earlier, I think this guy would have to be in that house for 10 years to win, not 3 or 6.

[Ideologue]

Which is good, since the point of prescription as I recall is to settle trivial bullshit like "who owns this tree?" and "I can too use your driveway," not to collect a windfall.

[Weijun]

It sounds as though the law has made it too difficult for the real owner to evict squatters.

[Razgovory]

It sounds as though the law has made it too difficult for the real owner to evict squatters.

In Texas, they use guns for that.