Thread: Adverse Bizness
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Old 09-09-2006, 08:04 AM
mikah2k's Avatar
mikah2k mikah2k is offline
Practice Makes Perfect
 
Join Date: Mar 2005
Posts: 338
Quote:
Originally Posted by jdogpupil
I'm intrigued. Give me some key phrases to search with and I'll scan the forum for what you describe.


I don't yet understand how paying the back taxes leads to a claim to the title, but this sounds nifty.

By paying taxes, you will not get a warranty [or grant] deed, only some form of quit-claim (such as special-warranty deed, or treasurer's deed, or trustee's deed).

Real estate taxes are public records.

Get the legal description and get the tax id # (or locator #, or parcel #, or etc.) for the property: ask the homeowner, or ask a title company (for a fee), or ask a real estate agent, or go to the county [recorder's] office containing land records/plat books (the tax id # may be in a book), or if you're lucky your county has a website (check netronline.com)

Put that tax id # on your check, draft, money order, and maybe even write the [usps] address of the property on the memo line, then go "pay". Make a copy of the instrument used to "pay" taxes.

You may want to create a right of possession by estoppel, writing a letter to homeowner, stating
"absent any objection within three days following the date certain of service of this letter on the recipient, jdogpupil will be paying the taxes and claiming a (possessory) lien against the property identified by tax id # _."
Write up your own "Claim for Lien" (or whatever they call it where you dwell) and get it recorded [where deeds are recorded] with some exhibit A, a copy of the instrument used to "pay" the taxes, and a copy of the letter above and a copy of your affidavit/declaration of service/mailing.
"Claim for Lien
jdogpupil hereby claims a (possessory) lien against the property[or land] identified with the following legal description to-wit: ____[write legal description here]____

_____________
signature of
jdogpupil"
Get your "Claim for Lien" notarized.

Then break down the door, take possession and start living..... and report your story here.
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