Quote:
Originally Posted by CaptainCrunch
I'm curious to how you think that adverse possession applies here.
There is someone still legally holding the mortgage on those houses, and these people aren't living in abandoned properties, they're talking abot not paying mortgages on their own homes.
I'm confused by the connection.
I will give credit to the guy in Texas, he found the perfect storm and matched the perfect law to it.
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Adverse possession doesn't apply, even for the guy in Texas, unless the period of required occupation is met.
I'm not sure where this story gets the idea that removing the claim would be costly for the original owner or the mortgage holder, an adverse possession claim can be quashed by simply removing the adverse element. Just say "you know what, you can stay there until i say otherwise" and the claim ceases to be adverse, thereby removing a required element. At the time you wish to remove them revoke that right of occupancy and have them declared trespassers.
You have to be truly stupid to think that you can just waltz into an empty house that is rightfully titled to someone else and call it your own.