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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Getting property free is the ultimate payoff.. Posted by Ward-CA- on June 27, 2003 at 11:02 PM In Reply to: Re: Getting property free is the ultimate payoff.. posted by Kristine-CA on June 27, 2003 at 10:28 PM : Ward: thank you for your message. I agree with you regarding the number of people doing adverse possession. I have yet to meet or communicate with an investor (including those who have written about it their REI books) who has actually completed one with an SFH. Mr. Bruss may be referring to the number of people who misinterpreted the law and thought they could gain title by paying the back taxes. Bad mistake. Or by occupying the property only. There is a lot of heresay about what it takes and the media popularized it several years back. I suspect that those investors who are taking possession via AP/QTA aren't very public about it. As would probably be the case for me. : I've already hired private detectives and delved into the issues regarding particular properites and the decedents' heirs, etc. So my biggest risk is a potential heir that gets his or her act together and actually does something like hire a probate attorney. Not too likely. More likely, it seems, would be an angry relative or heir that gets violent or irrational. : : Ward: have you actually taken possession of a house via AD? Using a tenant? : I'll read the codes but I'm definitely looking for an attorney who has put an AD/QTA in front of a judge. : Sincerely, Kristine -=-=-=-=-=-=-=-=-=-=-=-=- Kristine, No, I haven’t had the opportunity to do an adverse possession transaction myself. But I have done one vicariously—from start to finish, peeking over the shoulder of a graduate of mine in Garden Grove. Now I have three more graduates doing their own adverse possession transactions (varying from 1 1/2 years to 3 years) including my original guy doing another that’s in the 3rd year. All of the occupancies are done with tenants. None of the tenants know and none of the owners or relatives have shown up yet to complain. Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward: thank you for your message. I agree with you regarding the number of people doing adverse possession. I have yet to meet or communicate with an investor (including those who have written about it their REI books) who has actually completed one with an SFH. Mr. Bruss may be referring to the number of people who misinterpreted the law and thought they could gain title by paying the back taxes. Bad mistake. Or by occupying the property only. There is a lot of heresay about what it takes and the media popularized it several years back. I suspect that those investors who are taking possession via AP/QTA aren't very public about it. As would probably be the case for me. : : I've already hired private detectives and delved into the issues regarding particular properites and the decedents' heirs, etc. So my biggest risk is a potential heir that gets his or her act together and actually does something like hire a probate attorney. Not too likely. More likely, it seems, would be an angry relative or heir that gets violent or irrational. : : : : Ward: have you actually taken possession of a house via AD? Using a tenant? : : I'll read the codes but I'm definitely looking for an attorney who has put an AD/QTA in front of a judge. : : Sincerely, Kristine : -=-=-=-=-=-=-=-=-=-=-=-=- : Kristine, : No, I haven’t had the opportunity to do an adverse possession transaction myself. But I have done one vicariously—from start to finish, peeking over the shoulder of a graduate of mine in Garden Grove. : Now I have three more graduates doing their own adverse possession transactions (varying from 1 1/2 years to 3 years) including my original guy doing another that’s in the 3rd year. : All of the occupancies are done with tenants. None of the tenants know and none of the owners or relatives have shown up yet to complain. : Hope this helps. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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