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bank of america flower mound
UPDATE 2/6/2012: Unfortunately for the our pal Kenneth, aka the $16 abode man, a adjudicator has disqualified that Coffer of America can accomplish him move out, as they own the accomplishment on the bankrupt home.
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That unappealing aroma could be the fetor of jealousy, afterwards a man uses the law to his advantage and snags a $300,000 abode in Texas for a bald $16. Now his high-falutin’ neighbors are all bad-humored that he ability get abroad with such a steal.
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KHOU.com out of Texas brings us the adventure of the man who confused into a bankrupt home and filed some paperwork, forth with a $16 fee, in the boondocks of Flower Mound, and could end up with his McMansion if he lives in it for three years.
Kenneth’s new neighbors say he’s a squatter, but he says he is aloof application the law to his advantage. Afterwards the antecedent owners absolved abroad from the abode back it was in foreclosure, the mortgage aggregation went out of business. So Kenneth confused in afterwards researching “adverse possession,” a abstruse Texas law.
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Bank of America Financial Center in Flower Mound, TX | 4001 Cross ... | bank of america flower moundImage Source:
He printed out an online anatomy and filed it at Denton County courthouse for $16 and was accepted rights to the house. The home has no electricity or active water, but Kenneth aloof set up affected anyway. The law says he gets absolute negotiating rights with the aboriginal owner. If they appetite him out, they accept to pay off the mortgage debt and the coffer would accept to book a lawsuit.
Kenneth doesn’t anticipate that’s likely, and afterwards three years, he can ask the cloister for the appellation to the home. In the meantime, he acquaint “No Trespassing” signs afterwards his neighbors approved to get him arrested for squatting. Cops can’t abolish him because home buying is a civil, not bent matter.
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Bank of America Financial Center in Flower Mound, TX | 4001 Cross ... | bank of america flower moundImage Source:
“If he wants the house, buy the abode like anybody abroad had to,” says one neighbor. “Get the money, buy the house.”
Or, aloof pay $16 and still get the house.
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Bank of America Financial Center in Flower Mound, TX | 4001 Cross ... | bank of america flower moundImage Source:
Stranger moves into bankrupt home, citation abstruse Texas law [KHOU.com]
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Photos at Bank of America - 1051 Flower Mound Rd | bank of america flower moundImage Source:
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Photos at Bank of America - 1051 Flower Mound Rd | bank of america flower moundImage Source: