Posted on 04/27/2018 3:09:44 PM PDT by simpson96
The property I mentioned was sold to a person unsuspecting of the full law. The law is that such property can be confiscated by the state from the new purchaser/owner and any and all moneys the new owner put out on that new property is lost. This guy had to go to court and fight like hell to prove he never knew the original owners and was just an innocent buyer.
We came very close to buying 10 acres from the neighbors as well. In our case, we’d have lost our money since we knew them.
I detest realtors, but both deals were done through ignorant lawyers. Realtors have to be aware of such law and sell title insurance, which in my opinion should have covered such a loss if the state took it away from the new owner.
I did some control work at Rikers Island (New York) and the word was that there were snow bird prisoners. They would go on a crime spree late summer early fall to get locked up for the winter. They were not elderly.
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