Cooked Crack Posted July 19, 2011 Share Posted July 19, 2011 356kiqllkU8 Link for people who can't watch the videohttp://www.wfaa.com/news/local/Texas-Law-Lets-Stranger-Move-Into-330000-Home-125528248.htmlGood for that guy, he saved 299,984 dollars. Wow, his neighbors are very salty. Link to comment Share on other sites More sharing options...
AsburySkinsFan Posted July 19, 2011 Share Posted July 19, 2011 Those good Texas neighbors are gonna run him out before his three years are up. I hope he wins. Link to comment Share on other sites More sharing options...
IONTOP Posted July 19, 2011 Share Posted July 19, 2011 Those good Texas neighbors are gonna run him out before his three years are up.I hope he wins. You think race has anything to do with this? Link to comment Share on other sites More sharing options...
AsburySkinsFan Posted July 19, 2011 Share Posted July 19, 2011 You think race has anything to do with this? :obvious: Nah :yes:................................What would ever make you think such a thing? I guarantee you if any of those neighbors knew about that law, then they would have done the exact same thing. Link to comment Share on other sites More sharing options...
PokerPacker Posted July 19, 2011 Share Posted July 19, 2011 You think race has anything to do with this? that and/or class. Link to comment Share on other sites More sharing options...
sundown Posted July 19, 2011 Share Posted July 19, 2011 Outside of the race issue, is he going to mow? trim the hedges? Is that house going to turn into an eyesore? He doesn't even have water or power! That would be the big concern for me if I lived next door. Link to comment Share on other sites More sharing options...
AsburySkinsFan Posted July 19, 2011 Share Posted July 19, 2011 that and/or class. and or jealousy. Link to comment Share on other sites More sharing options...
MonkFan8 Posted July 19, 2011 Share Posted July 19, 2011 Sounds like the neighbors are just jealous. Link to comment Share on other sites More sharing options...
Fuzzy Dunlop Posted July 19, 2011 Share Posted July 19, 2011 Sounds like the neighbors are just jealous. This...hopefully this works out for the guy though. Interesting story. Link to comment Share on other sites More sharing options...
Pick6 Posted July 19, 2011 Share Posted July 19, 2011 Good for him. Smart guy doing all the legal research and filing the proper paperwork. Link to comment Share on other sites More sharing options...
Rdskn4Lyf21 Posted July 19, 2011 Share Posted July 19, 2011 Good for him. Smart guy doing all the legal research and filing the proper paperwork. Yep...that's awesome. Link to comment Share on other sites More sharing options...
renaissance Posted July 19, 2011 Share Posted July 19, 2011 I wonder how you even go about starting that research. Do you just see a house that looks cool and think, "man, I wonder if there's a way I can get that for under $20???" Link to comment Share on other sites More sharing options...
mattsb84 Posted July 19, 2011 Share Posted July 19, 2011 Without a title, can he actually get utilities? If he had the title, wouldn't he be responsible for any debt still owed? I find it very hard to believe that he can own a house for 16$ by simply paying the 16 and squatting for 3 years. Is it really that easy? Link to comment Share on other sites More sharing options...
Sikbug Posted July 19, 2011 Share Posted July 19, 2011 Yeah what about property taxes and the HOA fees. Link to comment Share on other sites More sharing options...
techboy Posted July 19, 2011 Share Posted July 19, 2011 I've been following this issue loosely on a finance forum. My understanding is that he's actually pretty unlikely to succeed. All it will take to end is claim is for whoever owns the house to say "get out" (or even, apparently, "you're welcome to stay"... adverse possession requires a lack of permission). He might have gotten away with it before it hit the media, but not now. Whatever bank owns this place after the foreclosure is going to assert their rights. Also, he would, as I understand it, have to pay the property taxes and other fees, so while it would be a good deal, it's not the $16 the media is sloppily making it out to be. I'd also note that he probably entered the house illegally, which could be a problem in other ways, if not for adverse possession. Man may be able to claim a $300,000 abandoned home for a $16.00 filing fee under Texas Law is the thread I was talking about. There's a lot of good discussion in there, including links to the relevant statutes. Link to comment Share on other sites More sharing options...
Stew Posted July 19, 2011 Share Posted July 19, 2011 Yeah what about property taxes and the HOA fees. More then likely he will have to pay the back taxes and HOA fees, but he still comes up with a steal of a deal, even after paying those debts. 300K house... and what he is doing is legal? Kudos to this gentleman, Id do the same thing. Link to comment Share on other sites More sharing options...
Skins_Fan82 Posted July 19, 2011 Share Posted July 19, 2011 Awesome story. I hope his neighbors do everything they can to get him out and I hope he makes it through three years and gets the house. I love seeing hateful people angry. Link to comment Share on other sites More sharing options...
SkinsHokieFan Posted July 19, 2011 Share Posted July 19, 2011 If the guy was white, this is never a story Link to comment Share on other sites More sharing options...
IONTOP Posted July 19, 2011 Share Posted July 19, 2011 If the guy's neighbors were black, this is never a story Fixed that for ya... :thumbsup: Link to comment Share on other sites More sharing options...
Duckus Posted July 19, 2011 Share Posted July 19, 2011 That is awesome. I don't really understand why the neighbors are mad. If anything, having an abandoned house next door is worse, right? At least he will probably take care of it I think. He seems responsible. Link to comment Share on other sites More sharing options...
TheDoyler23 Posted July 19, 2011 Share Posted July 19, 2011 Awesome story. I hope his neighbors do everything they can to get him out and I hope he makes it through three years and gets the house.I love seeing hateful people angry. Pretty interesting story. We'll see what happens next. Link to comment Share on other sites More sharing options...
thebluefood Posted July 19, 2011 Share Posted July 19, 2011 To the neighbors: Link to comment Share on other sites More sharing options...
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