Man takes ownership of a foreclosed $300,000 home just for $16

A hat tip to the friends at Curbed for tipping us off to this one. Being grateful to a bit-recognized specification in state law, enterprising Texan Kenneth Robinson – either a star or an unlawful resident, it depends on your standpoint – has taken ownership of a $300,000 home being foreclosed just for $16.

Man takes ownership of a foreclosed 300000 home just for 16 Man takes ownership of a foreclosed $300,000 home just for $16That is the sum he had to fork out to file an application for “adverse possession” of the housing unit with the courthouse of Denton County.

Texan Robinson maintains that the neglected home is his for the taking, since neither the primary proprietor nor the bank will go to the difficulty or expense of kicking him out. If he is capable to stay in the house for at least three years, he reveals, the law gives him the right to appeal the court for title to the residence.

Cunning however Robinson may be, not all of his new-found neighbors are glad to meet him in their environment.


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