Jul 20, 2011

Via AOL:

Thanks to a little-known provision in state law, enterprising Texan Kenneth Robinson -- either a hero or a squatter, depending on your point of view -- has taken possession of a foreclosed $300,000 house for a mere $16. That's the amount he forked over to file a claim of "adverse possession" of the property with the Denton County courthouse.

Robinson contends that the abandoned house is his for the taking, since neither the original owner nor the bank is likely to go to the trouble or expense of kicking him out. If he can manage to stay in the property for three years, he says, the law grants him the right to petition the court for title to the house.

Crafty though Robinson may be, not all of his new neighbors are happy to see him in their midst. Watch the video to see how the controversy unfolds.

In the words of Charlie Sheen, "WINNING." Whether you agree or disagree with how the brother got the home, you have to agree this was brilliant. We always complain about the fact that people don't read but obviously this man did read in order for him to know the state law that allowed him to get a $300K home for $16.

Of course his neighbors are upset, but who cares. This is why it pays to be a reader and know stuff for yourself. You too maybe able to get a $300K house for $16...LOL!

1 comment:

  1. What a discount buy. 300K house bought at a price of 16K? That is awesome. I will check to with my foreclosure lawyer if we can accomplish the same.