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RE: Man Acquires $300,000 Home for $16 - 7/31/2011 2:02:24 PM   
barelynangel


Posts: 6233
Status: offline 		I really doubt most of you would be as forgiving so to speak of squatters coming into your neighborhood and taking over a home next door to you. It's easy to say ohh cool and good for him when it's not in your neighborhood and judge the neighbors as racists or whatnot.  Squatters have never been seen in a good light no matter what color they are, and i really don't think a white person would have gotten a better reception.

angel

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RE: Man Acquires $300,000 Home for $16 - 7/31/2011 2:03:48 PM   
hlen5


Posts: 5890
Joined: 3/2/2008
Status: offline 		I don't see why his neighbors are so pissy about it either. The home is occupied, he must be taking care of it by mowing and stuff like that.

The logistics of no running water or electric confuses me (I highly doubt the "neighbors" are letting him use their hoses for water!!), but if he can manage living that way, more power to him.

If Rupert Murdoch can get -$46 million in taxes from the government, good for this guy to find his own loophole! I wonder if his neighbors would calm down if he could somehow say by doing this he was being a "job-creator"?!

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RE: Man Acquires $300,000 Home for $16 - 7/31/2011 2:06:04 PM   
LinnaeaBorealis


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From: Insanity & beyond
Status: offline 		I wouldn't have a problem with a "squatter" taking over an abandoned home in my neighborhood. Why would I??? The house sat there for over a year with nobody in it, nobody doing the upkeep on it. I'd rather have a neighbor than a house that's eventually going to fall down from no upkeep. And who's to say this guy isn't a great neighbor?? Maybe he'll be the one who will take care of your cats while you go on vacation, the one who calls the cops when someone is breaking into your place. I think that you're making pretty huge assumptions, not knowing this guy at all, miss angel.

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RE: Man Acquires $300,000 Home for $16 - 7/31/2011 2:12:08 PM   
zephyroftheNorth


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quote:

ORIGINAL: LinnaeaBorealis

I wouldn't have a problem with a "squatter" taking over an abandoned home in my neighborhood. Why would I??? The house sat there for over a year with nobody in it, nobody doing the upkeep on it. I'd rather have a neighbor than a house that's eventually going to fall down from no upkeep. And who's to say this guy isn't a great neighbor?? Maybe he'll be the one who will take care of your cats while you go on vacation, the one who calls the cops when someone is breaking into your place. I think that you're making pretty huge assumptions, not knowing this guy at all, miss angel.

 
I agree - duh! I wouldn't have a problem with a squatter moving in next door. It would be really interesting though since there is nothing but apartment buildings on my street.  Still, I would say more power to him/her and help out if possible.
 
Zeph

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RE: Man Acquires $300,000 Home for $16 - 7/31/2011 2:13:58 PM   
hlen5


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quote:

ORIGINAL: LinnaeaBorealis

................... And who's to say this guy isn't a great neighbor?? Maybe he'll be the one who will take care of your cats while you go on vacation, the one who calls the cops when someone is breaking into your place.................



What's the likelihood the "neighbors" would ask him to??

( And BarelyanAngel, it's in Texas)

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RE: Man Acquires $300,000 Home for $16 - 7/31/2011 2:20:30 PM   
barelynangel


Posts: 6233
Status: offline 		where did i make ANY assumption about this guy?  You are putting words in my mouth as usual.  I suggest you go back and read what i said. 

And where did it say this house wasn't taken care of and he is now taking care of it -- there is no running water and no electricity.  I think you are assuming things that haven't been said. Unless i missed it in the video, it didn't say that in the video but is YOUR assumption it wasn't being taken care of by someone.  Maybe the neighbors to preserve the neighborhood. 




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RE: Man Acquires $300,000 Home for $16 - 7/31/2011 2:26:18 PM   
barelynangel


Posts: 6233
Status: offline 		Hlen, i know its in Texas.  Can you expound on what you mean by that statement. 

angel



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RE: Man Acquires $300,000 Home for $16 - 7/31/2011 2:31:11 PM   
Termyn8or


Posts: 18681
Joined: 11/12/2005
Status: offline 		"I am wondering if the problem is no one can find or figure out who the actual owners of the house now that the mortgage company is out of business.  But "a" BANK has the Title yes?  Someone has the title of that house and whomever does is the owners on a usual case.  From what i understand based on that link explaining this -- all the owners have to really do is file an affidavit countering his or file a declaratory judgment action.  "

Surely, that has crossed my mind. But then there have been a few cases in which people have avoided foreclosure because the banks didn't have all their ducks in a row. If this is the case here, the guy might prevail. People have won in court when lenders who ARE in business didn't file the proper paperwork, but this one is out of business.

Without having alot more details about the whole scenario of how and why this property became abandoned and whatever happened to this lein, I have to just say it's a fifty fifty chance. Ha, maybe the original guy got the loan from Silverado. If so it is probably his :-)

T^T

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RE: Man Acquires $300,000 Home for $16 - 7/31/2011 2:31:30 PM   
LinnaeaBorealis


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quote:

ORIGINAL: hlen5


quote:

ORIGINAL: LinnaeaBorealis

................... And who's to say this guy isn't a great neighbor?? Maybe he'll be the one who will take care of your cats while you go on vacation, the one who calls the cops when someone is breaking into your place.................



What's the likelihood the "neighbors" would ask him to??

( And BarelyanAngel, it's in Texas)


I doubt if the neighbors would at this point. I was just using that as an example of what a good neighbor might be. Of course, I don't know this guy, so maybe he's a jackass & would make a piss-poor neighbor. But if it happened in my neighborhood, I'd be one of the first to welcome the guy & see what I could do to help him.

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RE: Man Acquires $300,000 Home for $16 - 7/31/2011 2:35:16 PM   
hlen5


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Status: offline 		Was post #26 meant for me? I never implied you were making assumptions about this guy.

My apologies, I mistakenly attributed littlewonder's statement about not knowing where it was to you.

Which statement do you want me to comment on?

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RE: Man Acquires $300,000 Home for $16 - 7/31/2011 2:35:57 PM   
barelynangel


Posts: 6233
Status: offline 		LinnaeaBorealis


Maybe these neighbors are the ones who are "calling the police when soemone breaks into their neighbors home."   But i guess you missed that part in expounding is possible virtues of being a good neighbor.

I mean why is HIS perhaps calling the cops okay but the neighbors calling the cops not okay?

In any other situation from what you have described him as having all these virtues, he would BE one of the neighbors fighting to get the squatter out.

angel



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RE: Man Acquires $300,000 Home for $16 - 7/31/2011 2:39:38 PM   
barelynangel


Posts: 6233
Status: offline 		Hlen,
you made a comment to me about it being in texas - that was what i didn't understand.  "(And BarelyanAngel, it's in Texas)"  I didn't know why you were telling me that.

angel 


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RE: Man Acquires $300,000 Home for $16 - 7/31/2011 2:50:51 PM   
hlen5


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quote:

ORIGINAL: barelynangel

Hlen,
you made a comment to me about it being in texas - that was what i didn't understand.  "(And BarelyanAngel, it's in Texas)"  I didn't know why you were telling me that.

angel 



After you rightly took issue with it, I re-read and found where I went wrong. Thanks!

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RE: Man Acquires $300,000 Home for $16 - 7/31/2011 2:55:38 PM   
tj444


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quote:

ORIGINAL: littlewonder
the whole thing sounds skeezy to me. If I had a neighbor like that I'd be always wondering what else he's more than willing to do to get what he wants. Don't think I'd trust the guy as my neighbor. 

He might end up with the house but maybe not, that will be determined in the future.
Maybe the guy just wants to see if this even works, like a bit of a challenge or game if you will.
Is it so much different a tactic than the Red Paper Clip House?

http://news.bbc.co.uk/2/hi/5167388.stm


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RE: Man Acquires $300,000 Home for $16 - 7/31/2011 2:58:40 PM   
GreedyTop


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From: Savannah, GA
Status: offline 		oh thats too cool, tj!!

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RE: Man Acquires $300,000 Home for $16 - 7/31/2011 3:04:13 PM   
tj444


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quote:

ORIGINAL: GreedyTop

oh thats too cool, tj!!

yabbut.. unfortunately the house is in Saskatchewan! so not worth nearly as much (& cold winter). But then, it only cost him a paper clip, not the princely sum of $16.

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RE: Man Acquires $300,000 Home for $16 - 7/31/2011 3:05:40 PM   
GreedyTop


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Status: offline 		LOL!!

(I *like* Saskatchewan!! well, aside from the winter thing..LOL)

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RE: Man Acquires $300,000 Home for $16 - 7/31/2011 3:31:16 PM   
littlewonder


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Status: offline 		Just because something is legal doesn't mean it's still not skeezy.


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RE: Man Acquires $300,000 Home for $16 - 7/31/2011 4:01:41 PM   
MrRodgers


Posts: 10542
Joined: 7/30/2005
Status: offline 		Well he does not 'own' the house...just yet.

I have fairly intimate knowledge of most standard state's real estate laws. What we see is a TV news segment that upon obtaining knowledge of the filers petition for 'adverse possession' based their story only upon his current and very likely...temporary possession. The fee happens to be $16.

First, the last note holder of record (on the deed of trust) still owns the property i.e., sold before failing. It or anyone who may have purchased that mortgage still has rights to the property and in fact still owns the house. The usual vultures are after that mortgage. Trust me kinkroids...nobody walks away from a $330,000 house. Nobody !

Furthermore, even if everybody else is incompetent or lazy, there is a matter of the local taxes due. (not one word on any taxes due, in the link) Most 'abandoned' houses end-up being auctioned off by the note holder or govt. to satisfy a tax lien against it.

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RE: Man Acquires $300,000 Home for $16 - 7/31/2011 4:30:37 PM   
slaveluci


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From: Little Rock, AR
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quote:

ORIGINAL: littlewonder

the whole thing sounds skeezy to me. If I had a neighbor like that I'd be always wondering what else he's more than willing to do to get what he wants. Don't think I'd trust the guy as my neighbor. 

Do you know how many of your neighbors would think the whole "master" thing is skeezy, sleazy and scary if they knew? The fact that this "master" comes over to your place - right next door to them - and beats you and sticks needles in you and things like that? Do you know how many of them would think you're both crazy and sick and wouldn't trust you as far as they could throw you?

But that wouldn't make them right and it doesn't make your assumptions and judgments correct either..........luci

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