How to get a $300,000 house for $16.

July 26, 2011 9:37 AM

A little-known Texas law and a foreclosure could have a man in Texas living on Easy Street. Kenneth Robinson is using a little-known and little-used loophole in the law, called adverse possession, to take over a $300K McMansion in Texas. Normally referred to as "squatter's rights," the loophole is becoming more popular as foreclosures rise and homes sit vacant for longer periods of time.
posted by Kokopuff (10 comments total)

A very well known law will be foreclosing this thread momentarily.
posted by spicynuts at 9:38 AM on July 26, 2011 [10 favorites]

repeat
posted by LogicalDash at 9:39 AM on July 26, 2011

Duplicate.
posted by I EAT TAPAS at 9:39 AM on July 26, 2011

So you guys are moving out of this thread? Hope you don't mind me turning this into a cozy home for this fella
☜(⌒▽⌒)☞
posted by Foci for Analysis at 9:46 AM on July 26, 2011 [7 favorites]

I found the key to this post. I filed with the state of Texas and paid $16 to own it. You can buy it for $150,000. It's a sweet deal.
posted by Mister Fabulous at 9:49 AM on July 26, 2011 [1 favorite]

A $300K McMansion is like saying a five-star crackhouse.
posted by griphus at 9:49 AM on July 26, 2011 [1 favorite]

Double postin' is nine tenths of the Metafilter.
posted by resurrexit at 9:50 AM on July 26, 2011

'Loophole'? I think you mean 'poophole'!
posted by box at 9:52 AM on July 26, 2011

This thread is squatting on my front page.
posted by spitefulcrow at 9:54 AM on July 26, 2011

☜(⌒▽⌒)☞ ☜(⌒▽⌒)☞☜(⌒▽⌒)☞
☜(⌒▽⌒)☞ ☜(⌒▽⌒)☞ ☜(⌒▽⌒)☞
☜(⌒▽⌒)☞ ☜(⌒▽⌒)☞

OMG she had babies!
posted by Foci for Analysis at 9:54 AM on July 26, 2011 [5 favorites]