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FLOWER MOUND (AP) - It has the makings of a tall tale: A man finds a two-story, 3,250-square-foot house worth $340,000 in a Dallas suburb and pays only $15 for it.
Kenneth T. Robinson, 50, who sells vitamins and other dietary supplements for a marketing company, laid claim to the 1997-built house in Flower Mound under Texas’ obscure “adverse possession” law — commonly known as “squatter’s rights.”
Robinson determined that the owner of record moved out about a year ago and cannot be found, and the property wasn’t listed for sale. He filed an affidavit of adverse possession with Denton County for a $15 fee, turned on the utilities and moved in.
Some even called police. Robinson said he showed officers the affidavit and explained to them the laws of adverse possession. That led investigators to search for an owner or mortgage company who might have a complaint against Robinson
“We couldn’t find anyone. No foreclosure, nothing,” police Capt. Wess Griffin said. “It appears to us to be largely a civil matter.”
But a neighborhood delegation showed up at the house anyway to deliver a message: Robinson was not welcome there.
Originally posted by Universer
Here's the question: How do I find an abandoned $300K home?
Originally posted by ogbert
reply to post by AQuestion
Also, if this guy gets away with it after the statutory amount of continuos, hostile, and notorious possession and pays the taxes along the way, then he has stolen from no one. Both the lender and the owner would have abandoned the property.