How common is this squatting situation these days?
invite response
2013 Aug 30, 10:26pm 1,735 views 3 comments
Comments 1 - 3 of 3 Search these comments
2
RealEstateIsBetterThanStocks
2013 Aug 31, 4:29am
RealEstateIsBetterThanStocks
2013 Aug 31, 4:29am
Meanwhile all of reddit cheers him on for being a thief.
a lot of people here would have cheered him too. it's the American way. it's always someone else's fault. this society is morally bankrupted as well.
3
HEY YOU
2013 Aug 31, 6:08am
Anyone that attempts to sell me real estate without holding the wet ink mortgage & promissory note is committing FRAUD.
Mr. Comptroller, Do you have a spare Gatling I could use.
http://www.reddit.com/r/news/comments/1lfrgh/during_and_after_the_financial_crisis_wall_street/cbywyvh
Guy takes out bigger mortgage than he can afford, banks crash, so he decides to live rent free as revenge for the last 5 years. Meanwhile all of reddit cheers him on for being a thief.
Not saying that the banks were right, but it's disheartening to see that theft is now considered admirable!
"Well, Countrywide went bankrupt and was sold. I came home one day and there were foreclosure papers tapped to my door from a Chinese bank, yes a Chinese bank. The documents were in Chinese, so i threw them away."
"I believe you are correct, according to Maryland law (as I was told by my friends Aunt, who is a lawyer) if the Bank does not have the original mortgage papers, their claim is invalid. After 7 years of residence with no legit claims against the property, it would become mine. Good old Squatters Rights!"
"Thank you! I hope so too, it would be nice for the working man to win one for a change."
#housing