7.19.2011

Extreme Couponing: A $300K house for $16!!!

Thanks to a little-known provision in state law, enterprising Texan Kenneth Robinson -- either a hero or a squatter, depending on your point of view -- has taken possession of a foreclosed $300,000 house for a mere $16. That's the amount he forked over to file a claim of "adverse possession" of the property with the Denton County courthouse.

Robinson contends that the abandoned house is his for the taking, since neither the original owner nor the bank is likely to go to the trouble or expense of kicking him out. If he can manage to stay in the property for three years, he says, the law grants him the right to petition the court for title to the house.

                                     

From AOL

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