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Man who 'acquired' $300K house for $16 can be evicted - 2/6/2012 7:59:38 PM   
CarpeComa


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I don't know how many of you remember this thread about a man who gained possession a $300K house for $16 by filing for adverse possession, but the courts just ruled that Bank of America can evict him (not that this outcome was a surprise). It is worth noting that when the ruling came down, he left voluntarily. Personally, I have nothing against him (based on what I know from the articles). If he moved in, took good care of the property, and didn't put up too much of stink when the current lien holders came calling, more power to him.

quote:


Kenneth Robinson has finally been kicked out of the $340,000 home that he had lived in since June for $16. Robinson, 51, lived on Waterford Drive in Flower Mound, Texas, but he did not own or rent the home he claimed he had a right to live in. After the owner abandoned the property, which had been in foreclosure for over a year, and the mortgage company reportedly went out of business, he submitted a $16 filing fee at the local courthouse, claiming the law of "adverse possession" gave him the right to occupy the home. However, a judge in Denton County ruled Monday that the current lienholder, Bank of America, can force Robinson out. Robinson had became a local celebrity of sorts, writing an eBook and creating a website, http://16dollarhouse.com, about the home in which he lived for about eight months. On his site, he states, "I am successful because I can see it no other way." After the judge's decision, he told the Associated Press that he had moved out, ending what he called a "huge learning experience." Prosecutors are cracking down on others hoping to emulate Robinson.

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RE: Man who 'acquired' $300K house for $16 can be evicted - 2/6/2012 8:23:44 PM   
tj444


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well,.. considering that B of A has apparently illegally foreclosed on 2,400 servicemen, some while they were serving overseas.. i got no sympathy for them..

I wonder if he would still be living there if his situation had not become so public and made B of A aware of it and the need for them to take action to have him removed..

http://www.denverpost.com/business/ci_19444085

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RE: Man who 'acquired' $300K house for $16 can be evicted - 2/7/2012 6:15:03 PM   
MasterG2kTR


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CC....thanks for the update on that

Too bad he lost out on the deal. I really applaud his gumption to at least make an attempt at it. On top of that, for the last eight months or so, he saved thousands that would have gone for rent otherwise.

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RE: Man who 'acquired' $300K house for $16 can be evicted - 2/7/2012 6:36:19 PM   
xxblushesxx


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The biggest issue is the time and the "open and notorious" part of most states' statutes. You have to live on the property, and maintain it as the owner in an open and notorious manner. (in other words, if you have neighbors, they would see you caring for and treating the house as if it's your own)
The reason for this type of law is so that people don't just abandon property and forget about it until they want to live in it or sell it again. This kind of forces owners to check on and maintain their property or potentially lose it.

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