Florida, as is often the case, is yet again ahead of an interesting real estate phenomenon. Increasing numbers of people are staking claim to abandoned properties and 'renting' them out to folks who might otherwise be homeless. Citing the laws of adverse possession -- more commonly known as squatter's rights -- the 'landlords' hope to eventually own the properties outright by having paid taxes and maintained the properties for a proscribed amount of time. And, they say, in the meantime, they are providing an altruistic service to the community by providing shelter to the needy.
Enterprising and altruistic? Scam artists? Read the article in today's New York Times and decide for yourself.
Keller Williams Realty - Denver Southlands - Centennial, CO
Realtor Centennial Homes For Sale
St.Cloud Homes - Saint Cloud, FL
St. Cloud Fl Realtor, Osceola County Real Estate 407-616-9904
Why does this remnind me of a song..."Money for nothing and your checks for free"
Nov 09, 2010 10:35 PM
Century 21 In the Mountains - Ellijay, GA
Greetings from the North Georgia Mountains!
Karin & Allison: Seems like a scam to me too...But, it does give one pause...If those homes are going to sit idle anyway, why not put them to good use?
Thanks for stopping by!
Nov 09, 2010 11:38 PM
BHGRE - Metro Brokers - Blue Ridge, GA
Blue Ridge Mountains
Scam. Too bad the rightful owners won't utilize some common sense to find workable and "legal" resolutions.
Nov 16, 2010 12:52 AM
Century 21 In the Mountains - Ellijay, GA
Greetings from the North Georgia Mountains!
Donna: True...but I think the rightful owners are probably the lenders who don't seem to be terribly interested in workable resolutions at this point. (Not that I'm condoning the squatters!)
Thanks for stopping by!
Nov 19, 2010 01:27 AM
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