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General Category => Off the Record => Topic started by: jimmy olsen on July 27, 2011, 07:42:35 PM

Title: Man Claims $300K house for $16
Post by: jimmy olsen on July 27, 2011, 07:42:35 PM
Awesome!  :lol:

http://www.youtube.com/watch?v=356kiqllkU8
Title: Re: Man Claims $300K house for $16
Post by: Razgovory on July 27, 2011, 07:52:26 PM
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.
Title: Re: Man Claims $300K house for $16
Post by: Grey Fox on July 27, 2011, 07:57:21 PM
:lol: White lady is pissed off that a black man moved in.
Title: Re: Man Claims $300K house for $16
Post by: Scipio on July 27, 2011, 07:58:12 PM
That's hilarious. A 3 year statute for adverse possession?  WTF?  It's ten years in MS, and is almost impossible to prove.
Title: Re: Man Claims $300K house for $16
Post by: Caliga on July 27, 2011, 07:59:50 PM
Now that the good folks in Texas have seen this law benefits uppity niggras, the glitch will be rapidly fixed. :)
Title: Re: Man Claims $300K house for $16
Post by: jimmy olsen on July 27, 2011, 08:01:57 PM
Quote from: Caliga on July 27, 2011, 07:59:50 PM
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.
Title: Re: Man Claims $300K house for $16
Post by: ulmont on July 27, 2011, 08:14:02 PM
Quote from: Scipio on July 27, 2011, 07:58:12 PM
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.
Title: Re: Man Claims $300K house for $16
Post by: jimmy olsen on July 27, 2011, 08:20:22 PM
Quote from: ulmont on July 27, 2011, 08:14:02 PM
Quote from: Scipio on July 27, 2011, 07:58:12 PM
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?
Title: Re: Man Claims $300K house for $16
Post by: ulmont on July 27, 2011, 08:36:43 PM
Quote from: jimmy olsen on July 27, 2011, 08:20:22 PM
Quote from: ulmont on July 27, 2011, 08:14:02 PM
Quote from: Scipio on July 27, 2011, 07:58:12 PM
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.
Title: Re: Man Claims $300K house for $16
Post by: Ideologue on July 28, 2011, 12:18:59 AM
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.
Title: Re: Man Claims $300K house for $16
Post by: Weijun on July 28, 2011, 02:19:07 AM
It sounds as though the law has made it too difficult for the real owner to evict squatters.
Title: Re: Man Claims $300K house for $16
Post by: Razgovory on July 28, 2011, 12:14:04 PM
Quote from: Weijun on July 28, 2011, 02:19:07 AM
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.