Man get $330,000 house for $16! (YMMV)

[Trip B]

First of all the basic law :

Quote:
Adverse possession is a principle of real estate law whereby somebody who possesses the land of another for an extended period of time may be able to claim legal title to that land. The exact elements of an adverse possession claim may be different in each state.

http://www.ksla.com/story/15090178/man-claims-house-for-16-as-neighbors-accuse-him-of-squatting

Quote:
Flower Mound, TX (WFAA/CNN) - Thanks to a little-known law in Texas, a man apparently won ownership of a house for less than $20, but neighbors aren't happy with his deal and are trying to get him out.

[Remainder of quote removed by admin for copyright reasons]

Link to the video of the story

http://www.ksla.com/category/194397/video-landing-page?autoStart=true&topVideoCatNo=default&clipId=6055713

Link to the house- status is "off market"

http://www.trulia.com/homes/Texas/Flower_Mound/sold/131722-2205-Waterford-Dr-Flower-Mound-TX-75028

State Adverse Possession Laws.

Find the applicable laws for your state

http://law.findlaw.com/state-laws/adverse-possession/

:D