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Title: TEXAS MAN GETS A $330,000 HOME FOR $16 DOLLARS 7-19-2011
Added: Jul 20, 2011
Author: traynickel
Duration: 2:56
Description:
More NEWS at http://www.newzzcafe.com/A little-known Texas law and a foreclosure could have a man in Flower Mound living on Easy Street.Flower Mound's Waterford Drive is lined with well-manicured $300,000 homes. So, when a new neighbor moved in without the usual sale, mortgage-paying homeowners had a few questions."What paperwork is it and how is it legally binding if he doesn't legally own the house?" said Leigh Lowrie, a neighboring resident. "He just squats there."Lowrie and her husband said the house down the street was in foreclosure for more than a year and the owner walked away. Then, the mortgage company went out of business.Apparently, that opened the door for someone to take advantage of the situation. But, Kenneth Robinson said he's no squatter. He said he moved in on June 17 after months of research about a Texas law called "adverse possession.""This is not a normal process, but it is not a process that is not known," he said. "It's just not known to everybody."He says an online form he printed out and filed at the Denton County courthouse for $16 gave him rights to the house. The paper says the house was abandoned and he's claiming ownership."I added some things here for my own protection," Robinson said.The house is virtually empty, with just a few pieces of furniture. There is no running water or electricity.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.Robinson believes because of the cost, neither is likely. The law says if he stays in the house, after three years he can ask the court for the title.He told News 8 his goal is to eventually have the title of the home and be named the legal owner of the home. "Absolutely," he said. "I want to be owner of record. At this point, because I possess it, I am the owner."Robinson posted "no trespassing" signs after neighbors asked police to arrest him for breaking in.Flower mound officers say they can't remove him from the property because home ownership is a civil matter, not criminal.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."Robinson said he's not buying anything. As far as he's concerned, the $330,000 house is already his and he has the paperwork to prove it.
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Channel: News
Tags: texas man house flower mound foreclosure adverse possession law claim civil lawsuit remic assignment of mortgage fraud mbs trust bank collapse housing federal reserve layoffs economic crisis robo sign dollar gold silver neil garfield jim willie robinson home
texas man house flower mound foreclosure adverse possession law claim civil lawsuit remic assignment of mortgage fraud mbs trust bank collapse housing federal reserve layoffs economic crisis robo sign dollar gold silver neil garfield jim willie robinson home
Youtube Comments: 205
ExpertOfSound Says:
Feb 6, 2012 - If this was a white person doing it, this wouldn't be in the news... stop being racist and listening to the mainstream news.
guevodeplomo Says:
Feb 6, 2012 - hahaahahaahahahaha that Leigh Lowrie lady is just hatin on Kenneth Robinson , .she's just mad at the fact that they are stuck paying a mortgage to the devil for the rest of her lives and doesn't know jack shit about the law and whats going on in this country , what a fucking winner that lady is, let's give that gullible walmart shopping cunt a round of applause for making a complete donkey out of herself, wake up les Amerikan ! . don't get distracted, stay focused !
smokesum24 Says:
Feb 6, 2012 - She is just mad because she is paying, while he lives for free good for him he did his homework now its paying off.
TaiMaiShews Says:
Feb 6, 2012 - Wow..my older sister could use a house, any kind of house..she works, but lives in a trailer that's falling apart. Wish I could get her a house this way. Lol.
xxNtGxx Says:
Feb 7, 2012 - Lol, U mad bitch?
Elbrowndog707 Says:
Feb 7, 2012 - he got kicked out already the news came out a couple of days earlier
redbonegal Says:
Feb 8, 2012 - I love it!! STOP HATING over in Flower Mound Texas. These are the same techniques the man has been using for years to get over. The first thing they say is "It's all perfectly leagal go read a book" .....................well guess what, some of us do.
Gametephus1 Says:
Feb 9, 2012 - , this story is pretty interesting. No matter the shade of the protagonist. I'm sure it still would have made the news.
ghanboy Says:
Feb 9, 2012 - What I'm wondering is what's this man's background? Was he possibly homeless, or evicted, or kicked out from his previous residence.
redbonegal Says:
Feb 11, 2012 - They mad because they didn't find the law before the black man did. If they found it they would have jumped on it themselves.
SakoTGrimes Says:
Feb 11, 2012 - They don't give a damn that he didn't pay for the house, they just don't like a poor black man in their neighborhood.
oaklandrmoss18 Says:
Feb 19, 2012 - fucking cunt neighbors
1370rivera Says:
Feb 22, 2012 - lol racist ass neighbors. they know damn well if they knew how to do it they would have.done it themselves.
leebilly48 Says:
Feb 24, 2012 - HAHAHA!!!!!! His cheap skate ass got evicted. And the whites weren't the only ones complaining you dumb fucks.
BadassCeino Says:
Mar 15, 2012 - These people are just mad because this man is smarter than them.He was brave enough to slap the system in the face with his dick & they were tooscared to do the same.ADVERSE possession is nothing new, its just been hidden in America.They do it alot in the UK.
jason29732 Says:
Apr 9, 2012 - That's awesome..good for him...she's only mad cuz her husbands banging his secretary
1973Razorback Says:
Apr 11, 2012 - Good luck to him. These laws exist all over the western world in one way or another. I would say it's more to do with his colour than the fact he's getting it so cheap. I hope he succeeds. These laws are there to prevent properties in this position from sitting idle and rotting away.
aaroncoats1 Says:
Apr 13, 2012 - Smart guy!!! Very smart. Fuck those racist, snob neighbors. LOL
dalekydomov Says:
Apr 16, 2012 - all power to you man....
Woolstenholme Says:
Apr 23, 2012 - If your hating your wasting your time. go you!
frankvalle69 Says:
May 8, 2012 - thats the key, it is highly recommended to do the research before buy either deeds or liens
frankvalle69 Says:
May 8, 2012 - who got evicted?
frankvalle69 Says:
May 8, 2012 - LOL YOU CALL THAT KEEPING IT TO YOURSELF, SINCE I KNOW HOW TO DO IT I TOO KEEP IT TO MYSELF IM NOT TELLING NO MATHA FUCKER RACIST HOW TO DO IT, CUS I DONT WANT ANYMORE COMPETITION OTHER THAN THE ONE I ALREADY HAVE LOL
frankvalle69 Says:
May 8, 2012 - & they were tooscared to do the same.?????I THINK NOT....THEY DONT KNOW HOW TO DO IT, BUDDY
b0ngh1tz420 Says:
Feb 5, 2012 - its basically a new neighbor moving in it isnt out of the blue