Explaining “adverse possession” — squatter’s delight
Christopher Maag wrote a fascinating piece for Credit.com about the little-known legal claim called “adverse possession” that allows people to take possession of abandoned property. Heres the basic version of how it works: 1) Someone owns a property, whether its a house, a condo or just a strip of ground. 2) If the owner isnt using the property, somebody else can come in and use it, without the owners permission. 3) After some amount of time (in Texas it’s three years; in New York State it’s ten), the squatter can claim ownership free and clear. People have been making adverse possession claims for decades. The most famous cases happened on the Lower East Side of Manhattan in the 1980s and ’90s, when artists, punks and homeless people squatted in vacant buildings and brownstones. Squatters Unite! McMansion Squatter Becomes Part of National Movement . Canny fellow gets foreclosed $300K house for $16 adverse possession filing Land grab case in Boulder incites anger and protests Songs making fun of land grab case in Boulder, Colorado Upside of squatters Presented By: Welcome the Zettabyte Era with Cisco ?? Today we use terms like gigabyte and terabyte when it comes to data. Five years from now, we will enter the era of the zettabyte. Connect with Cisco across the web through various social channels as we guide you through the future of the Internet. socialmedia.cisco.com Ads by Pheedo
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Explaining adverse possession squatters delight
