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re: Hypothetical Property Law in Louisiana...
Posted on 5/22/18 at 3:12 pm to SetTheMood
Posted on 5/22/18 at 3:12 pm to SetTheMood
quote:
If Friend A is on the original Act of Sale, and Friend B knows that Friend A is on the original Act of Sale, then Friend B would have to adversely possess the property for 30 years for adverse acquisitive prescription to run, as Friend B would be in bad faith possession. Friend A would have a strong argument that he was merely allowing Friend B to precariously possess the property in exchange for Friend B making the monthly mortgage payment. Friend A is relieved of the burden of making the mortgage payment while Friend B enjoys living in the home.
There is a legal presumption.... you know what, this is close enough
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