A canny gentleman has taken adverse possession of a $300K McMansion in Flower Mound, TX. The house had been in foreclosure and the mortgage company that held its paper had gone under, so Kenneth Robinson spent $16 filing adverse possession paperwork with the county courthouse. He's living there without power or water, but if he stays for three years, the house is his. Predictably, his neighbors are upset because he figured out how to legally acquire a house without going into hock for the rest of his life.
But, Robinson said just by setting up camp in the living room, Texas law gives him exclusive negotiating rights with the original owner. If the owner wants him out, he would have to pay off his massive mortgage debt and the bank would have to file a complicated lawsuit...
Stranger moves into foreclosed home, citing little-knownTexas law
Robinson posted "no trespassing" signs after neighbors asked police to arrest him for breaking in...
Lowrie and her neighbors continue to look for legal ways to get him out. They are talking to the mortgage company, real estate agents and attorneys. They're convinced he broke into the house to take possession, but Robinson told News 8 he found a key and he gained access legally.
"If he wants the house, buy the house like everyone else had to," Lowrie said. "Get the money, buy the house."
We’ve been following the trade in remote kill-switches for cars sold to subprime borrowers since 2009, and watched in dismay as they got worse and worse: though John Oliver’s report on the billions inflating the subprime auto-lending bubble touches on these, he focuses on the economic factors — sleaze, corruption, moral hazard — driving the […]
Uber’s $62.5B valuation is an utterly speculative bet on a company that can only pay out if many sub-bets pay off: the timely arrival of self-driving cars, widespread adoption of car-sharing (rather than private self-driving car ownership), no effective competition from other hailing companies (including those backed by the car manufactuers), regulatory reform to legalize […]
Depending on how much credence you give to “whisper listings,” there are between 27 and 50 $100,000,000+ houses on the market; last year, only two houses in that bracket sold worldwide.
Finding quality icons is a challenge for designers, and can also get pretty costly if you use them often. And when you’ve got a lot to do, the last thing you want to spend your time on is creating new icons from scratch That’s why we recommend using the Noun Project ($49). Noun Project is a site […]
While Netflix and Hulu have seemingly dominated the streaming market with their limited selections, we’ve looked a little outside the box and found something pretty great as an alternative. SelectTV combines all the content of cable with the convenience of streaming, and it’s affordable too.SelectTV is an online subscription service that packs an impressive library of over […]
These days, the vape market is saturated with low-quality products, making it nearly impossible to separate the gems from the duds. The Atmos Rx Dry Herb Vaporizer stands out from crowd for two reasons: its impressive battery life and durable construction. This high-end little gadget is compact enough to fit in your pocket, and packs a powerful punch, […]