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Updated about 1 year ago,

User Stats

21
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7
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Jack Raine
7
Votes |
21
Posts

Property on Tax Sale has ~half of a structure

Jack Raine
Posted

Check this out:

 https://www.zillow.com/homedetails/111-Albion-St-Savannah-GA...

The majority of the structure is on the lot, 111 Albion, but it spans into the adjacent lot. This is up for Tax auction this week. How much of a headache is this?

User Stats

21
Posts
7
Votes
Jack Raine
7
Votes |
21
Posts
Jack Raine
Replied
Quote from @Will Sifert:
Quote from @Jack Raine:

Check this out:

 https://www.zillow.com/homedetails/111-Albion-St-Savannah-GA...

The majority of the structure is on the lot, 111 Albion, but it spans into the adjacent lot. This is up for Tax auction this week. How much of a headache is this?

 If this is legitimately one of the rare cases where someone built a house on someone else's property this would likely be resolved by adverse possession.  The house looks older than 20 years. In GA adverse possession is 20 years. So the owner of the house could hire an attorney and file a lawsuit to take legal ownership of the portion of the neighboring lot that his house is on / fenced, if the house has been there for over 20 years. Looks like it would only take about 20-30' from the vacant lot. You could also buy the lot and sell the owner of the house that portion for an amount that is less than what he would pay in legal costs... that would be a win win. 

I like this "arbitrage" solution!