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Man Gets $300,000 House For $16

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Ok he has to live in the house and pay takes for 3 years until its actually his but still worth a try. Wonder if the law has the same loop hole here?

$300,000 for $16

Does happen over here. Chap squatted in a house, and after x years claimed possession.

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I remember being in Michigan. The local paper reported an EA who got possession of a house for $30, the amount of unpaid tax on the property. It made no difference that the owner wasn't aware of the tax bill (an extra charge for making up a road outside) as she was in care home recuperating from a serious illness.

it seemed that once a tax bill was overdue (one month), a notice was posted in the town hall. Just one month later, a third-party could discharge the debt, and take possession. Sleazy EA went daily to check, of course. Said it was entirely moral, and people should be made responsible for their taxes.

In the same vein, one guy came home one day to find his house being auctioned. He'd had aluminium (sorry, aluminum) siding fitted, paid the bill. thought that was it. Oh no. The builder went broke, and the supplier then had the right to not only take possession of materials not paid for, but also the building they had been incorporated in to recover his losses. The local paper said it was based on English contract law. I'd never heard of such a preposterous action. Luckily, the guy arrived in time to settle the debt, and kept his house.

The US banks now of course are up to the same thing. Even trying to repossess the people who never even had a mortgage!

Mortgage-free home foreclosed by lender

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Ok he has to live in the house and pay takes for 3 years until its actually his but still worth a try. Wonder if the law has the same loop hole here?

$300,000 for $16

Well you can, but you have to have lived there for 10 years before you have a claim, not four weeks.

tim

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In the land of the '48 hour wait to get a gun' I am amazed how many people try to push other people to the brink.

If you set out to destroy someone's life, make them desperate and take away all that they have do not be surprised if they go and buy an AK47 and come looking for you.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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