Google
Think Glink
Web
 
Articles by Ilyce

Acquiring Property By Adverse Possession

REM #F755

By Ilyce R. Glink

Summary: A ThinkGlink reader has been caring for the property next to his own for eight years. He is wondering if he has a claim to the property. Illyce explains how to acquire property by adverse possession.

Q: I’ve been maintaining an empty lot next to my property for eight years. I keep the walks clear of snow and ice in the winter and mow the lawn.
 

Can I claim this lot as mine under the homestead law and if so how do I go about this? My understanding is a company owns this lot and there are at least 13 quick claim deeds. Thanks for any information.

A: I don't know where you live, but when it comes to acquiring property by adverse possession, you have to do more than just clear the snow and mow the lawn.

You typically have to pay property taxes as well, and do it for as long as 21 years, depending on the state. (In some states, you can obtain title to a property in as little as seven years.)

Since it doesn’t sound as though you pay the taxes on this property and other important factors go into determining adverse possession, you probably don’t have a claim to the property under adverse possession. But why don't you approach the owner about purchasing this piece of property? The company may be just as happy to get rid of it.

If you truly think you have a right to ownership of the land, you need to seek out the help of a real estate attorney.

NOTE: This column is distributed by Real Estate Matters Syndicate, PO Box 366, Glencoe, Illinois, 60022. This column may not be resold, reprinted, resyndicated or redistributed without written permission from the publisher.

Thinkglink Popular Stories...

Quit-Claim Deed Question
Quit Claim Deed Transfers Property Taxes
Deed in Lieu of Foreclosure Will Hurt Credit Rating
Getting Out Of Preconstruction Condo Contract
Determining Good Faith Payment Amount

Link to This Article

Like what you've read? Spread the word! You can link to this article from your website by copying the following code and adding it to a page on your website:

 

Ilyce
Ilyce

  • Recommended Stories..
  • Refinancing With Poor Credit Score
  • Building Out Your Closet on a Budget
  • Buying a House with Bad Credit
  • Buy Rental Property With Home Equity Loan
  • Bi-Monthly Mortgage Payments
  • Looking At A Seller’s Closing Costs
  • Retirement Accounts Questions
  • Capital Gains Tax Question
  • How Do Reverse Mortgages Work?
  • WGN-TV Show Notes -- February 28, 2001
  • 1031 Exchange to Avoid Capital Gains Taxes
  • Loan Qualification Question
  • Dealing with Synthetic Stucco Homes
  • Buying A Used Car
  • Tenants By The Entireties
  • 401(k) Open Enrollment
  • Creditors "Charged Off" Credit Account
  • How Do Reverse Mortgages Work?