Quote:
Originally Posted by Jon Oso
He doesn't technically own the house, he has rights to the property which the former owner and the bank can challenge. If they fail to do so and he occupies the house for 3 years then he can apply for the title through the court and it will be his.
But he doesn't have running water or electricity. That's going to be a very uncomfortable three years.
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Well let's see if he gets the house in 3 years and maybe the housing market recovers somewhat. Even if he only sells the house for $200k that's not bad for 3 years.
Quote:
Originally Posted by DBS.US
Why? Can't he just call the power company up and get service? The power company doesn't care who owns the property?
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In most areas they do care