I’m just watching King 5 news tonight where they are covering a story about a home in Puyallup that is in process of being foreclosed. Sadly, that’s not news. What is news is that a mom and her kids have decided to move in claiming “adverse possession”.
Adverse possession typically takes 7-10 years of someone using a property to claim as their own (very rough description–please speak to your attorney). Clearly since she has only been occupying the property for days, she has no claim. Here’s her side of the story:
“on the phone she said she is paying rent to a property management company that she works for and that they are trying to obtain the property under adverse possession. She says she feels they are actually helping the community by living in a house that was an abandoned eyesore and they feel they’re not doing anything wrong.”
What is she going to do when somebody legitimately buys the home and the appraiser comes by? Or when the title report discloses an erroneous claim to the title?
It appears as though the homeowner purchased the property in mid-2007, near the peak and financed his home with CTX Mortgage…from what I can tell from public records, it appears the home was 100% financed. (Regardless, the squatter still has no claim of adverse possession, in my opinion simply due to the time requirement).
A Notice of Trustee Sale was recorded on May 29, 2009 to take place on August 28, 2009 in Tacoma.
As far as I can tell, there was no sale. No new deed has been recorded (with exception to an attempt to establish a family trust).
I’d like to find out more about the “rental company” the woman who is making the claim on the property says she is paying rent to for the home and is employed by.