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Tuesday, July 19, 2011

Man pays $16 to take over $330,000 house

Man pays $16 to take over $330,000 house


The neighbors are outraged, but the Texas resident says his takeover is legal and will eventually give him title to the suburban Dallas home.



Waterford Drive, Flower Mound, Texas (© 2011 Microsoft Corporation/Pictometry Bird's Eye)
We all dream of scoring a great deal on a house.

But a $330,000 house for $16?
Kenneth Robinson of the Dallas suburb of Flower Mound, Texas, says he sealed just such a deal, taking over a vacant house by simply moving in and paying $16 to file documents with the court claiming ownership.

"This is not a normal process, but it is not a process that is not known," he told WFAA-TV in Dallas. "It's just not known to everybody."

Robinson said he invested months in research to find the house. The property had been in foreclosure for more than a year, and the owner walked away. In the meantime, the lender that held the mortgage went out of business.

I would rather see this guy get this house that the state collecting revenue on this property.

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