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Texas Man Gets $330K Home for $16

July 22, 2011 · By Sandy Smith

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Because you just can’t make this stuff up…A Texas homeowner walked away from their home and mortgage. The mortgage company subsequently went out of business. In stepped this Texas man that some are calling a squatter who filed $16 worth of paperwork, walked into the house claiming adverse possession, and if he stays there three years uncontested, will own this house.

Sound crazy? Oh the power of research and little known laws. Is he smart, stealing or squatting? You decide.

About the Author

Sandy Smith

I started this blog years ago as a way of keeping myself accountable to my own debt reduction plans. Now I'm using this site to help others get out of debt, and learn about personal finance so that they can live their best lives.

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