Texas Man Uses Loophole To Buy Luxury Home For $16

Just came across this report. So this man pays $16 for a 300k house and his neighbours are mad LOL

Heres the video link
www.youtube.com...

and the report
www.inquisitr.com...

am very happy this dude might get the house after a few years but still i dont see why the neighbours should be mad but really i think they are jealous or racist(i could be wrong) but more jealous because they got out smarted by someone who has done their research and paid $16 for a house GOOD to the man i hope he gets the house

What are your thoughts about this?

Wasnt sure were to put this thread, my 1st thread here

reply to post by mehforfun


Now that is something to write about!

Gotta take my hat off to this guy!

reply to post by mehforfun


Double' post. I have a friend who is currently trying to declare himself a sovereign individual, and he is attempting to access that account that is created in our NAMES when we're born.

If people are mad it should be at the system. So many people homeless from being tricked into bad and immoral loans while a few pick up a house for peanuts out of all the chaos. There are a lot of things to be mad at with the way this has all played out and it ain't over yet.

good luck to him - but my understanding of it is that now its publicised -

as i see it - reading what i can glean from the internet

the home was collatoral on a loan , the loan was forclosed - making the home the property of the morgage company , which is now in a state of bankrupcy

bankrupt companies do NOT just evaporate into thin air leaving thier debts voided , and thier asseets as " treasure trove "

the home - is still listed as an asset of the insolvent company [ as it was collatoral on a loan they made ]

thus the recievers or administrators of the companies insolvency - are at liberty to dispose of any an all assets , as they see fit

using the proceeds to pay off the bankrupt firms creditors

thus - the gentlemans writ of adverse posesion is then void - as the home has been sold from under him by legal process

the key to his downfall is being on the news - the way to actually suceed with writs of adverse posessio is to keep it quite - and let the writ run , without the true owners realising that it is inforce

then you get the house

now they know - they can simply sell the house and he has no legal standing

Originally posted by mehforfun
Just came across this report. So this man pays $16 for a 300k house and his neighbours are mad LOL

From 2 days ago...
330 000$ house for 16$, you too can have that

Funny to see how jealous his neighbours are reacting. Instead of allowing him to have it.

So if i play the lotto for $1 and i win $400 million would his neighbors say i didn't deserve the money? This man is a genius!! That woman would rather he be homeless than live in a vacant house?? She should be mad at the banks for foreclosing on her old neighbor and thousands of other people.

reply to post by mehforfun


I think it is both,jealousy and racism.
I applaud the man for taking advantage
of a loophole.I hope things work out for him.
By the way...welcome to ATS! star and flag
for your first thread.