Don’t Let This Happen to You Adverse Possession

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Adverse possession describes a situation in which someone can legally claim ownership over another person’s private property – and you don’t want it to happen to you. • While it is indeed possible for a squatter to claim ownership over a property he or she has inhabited under certain circumstances, it’s probably not a likely scenario in your home. But adverse possession can also apply if your neighbor infringes on your property line with a fence or driveway. If you don’t take appropriate action, the same legal loophole that bestows squatters’ rights could end up forcing you to forfeit part of your property to your neighbor. • In this Real Estate Minute, I run through the general rules governing adverse possession. These laws are often highly variable from state to state, so you’ll want to consult an attorney if you’re dealing with an adverse possession case on your property. But watch this video for a quick tutorial on what conditions can lead to an adverse possession claim and how to make sure you don’t make one common mistake that could play right into a claimant’s hands. • Be sure to subscribe to my YouTube channel for the latest real estate tips and news: http://www.youtube.com/subscription_c... • And for more of my real estate and personal finance tips: • Read my blog: http://thinkglink.com • See my tweets: / glink • Follow me on Facebook: / ilyceglink

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