Video: The Loophole Adverse Possession Man Who Purchased House for $16 Has Been Evicted | SOURCE ONE NEWS
Rss Feed

no one deals like we do!

Home // Latest News // Video: The Loophole Adverse Possession Man Who Purchased House for $16 Has Been Evicted

Video: The Loophole Adverse Possession Man Who Purchased House for $16 Has Been Evicted

Microsoft-Badge a-googleplay


After 8 months, a Texas man who paid $16 for a $300,000 house has been forced to move out. Kenneth Robinson used a loophole called adverse possession to move in to the abandoned home. Gizmodo explains how he got the house for 16 dollars.

“… the house foreclosed, the original owner abandoned his mortgage and the mortgage company closed shop. All Robinson had to do was file paperwork at the courthouse saying he claimed ownership of the property. That cost all of 16 bucks.”

ABC News interviewed Robinson at the time.

“This is not a normal process, but it is not a process that is not known, its just not known to everybody”

Bank of America acquired the property and foreclosed on it in January of this year — then asked Robinson to leave — but he didn’t. But a court date was set for Monday, and GoUpstate reports …

300x250 RealtyTrac

“Rather than wait to be evicted, Robinson slipped out before sunrise Monday, skipped a morning court hearing and refused to say where he was moving next.”

Bookmark and Share

Microsoft-Badge a-googleplay

And because he didn’t show, Bank of America won.

” ‘The court has ruled in the bank’s favor. Mr. Robinson has six days to appeal, but he must pay an $8,900 — approximately $8,900 bond — to appeal,’ said David Orvand, attorney for Bank of America.”

The AP reports Robinson had become a bit of a local celebrity — he wrote an eBook and created a website — — explaining how he got his living situation.

And The Inquisitr says he was a hero to some, a pain to others — neighbors had complained about him living in the house.

“…the fact that Robinson seemed to be gaming the very banks that caused the meltdown and the resultant pain experienced by so many Americans made him a bit of a folk hero to some- but others didn’t admire his actions as much.”

Related Posts Plugin for WordPress, Blogger...

Popular Media From The Web

Call Now: 877-881-5420


The Truth Tale - iTunes

Top Trending Music From - The Truth Tale

New Music Promotion - Music By The Truth Tale (Some Songs May Be PG)

Songs Available At: Bandcamp - iTunes - Google Play - Amazon - Spotify

Top Trending Stories From Web
Posted in Latest News, News, News On The Edge, News Updates, Offbeat News, Real Estate and tagged as , , ,