Pages

Tuesday, July 19, 2011

Man Gets $330,000.00 Home For $16.00

Thanks to a little-known Texas law, a man found an abandoned $300,000 home, moved his stuff in and filled out some paperwork. It cost him $16. Now, apparently he’s a homeowner.

On June 17, Kenneth Robinson moved into a $330,000 home in an upscale neighborhood in Flower Mound, Texas. Except, instead of going through a bank, wading through the mortgage process and making a down payment, Robinson went to the Denton County Courthouse and filled out a form. The house he was after was abandoned, and the mortgage company went out of business. So after months of research, Robinson took advantage of a Texas law called “adverse possession.” All he had to do was print out an online form and for a $16 fee was granted rights to the house.

More

5 comments:

Anonymous said...

Isn't that kinda like squatters rights?

Anonymous said...

Thatis what the dumocrats propose for housing isn't it Barnie Franks idea of free housing.

Anonymous said...

I want one like that!

Anonymous said...

Kenneth Robinson sounds like an American name. I thought only illegal aliens were allowed to do that.

Anonymous said...

I thot adverse possession took some time. That is , person has to be there for a certain period of time, which I thot was 20 years.