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OT Law Connoisseurs - Vacant property
Posted on 7/2/22 at 1:29 pm
Posted on 7/2/22 at 1:29 pm
Multiple houses in my neighborhood that are completely vacant and owners can’t be contacted by anyone including the city. One of them is falling apart but someone is living there with water and electricity but not paying rent. The others are just vacant.
I’ve heard of squatters rights, but does anyone know a way of acquiring these or knocking them down legally?
I’ve heard of squatters rights, but does anyone know a way of acquiring these or knocking them down legally?
12
Posted on 7/2/22 at 1:30 pm to BayouBengal23
Good luck. Especially if you’re in NOLA.
Posted on 7/2/22 at 1:37 pm to BayouBengal23
Adverse possession
Posted on 7/2/22 at 1:43 pm to BayouBengal23
Call your councilman. They always get the job done especially if in New Orleans.
This post was edited on 7/2/22 at 1:46 pm
Posted on 7/2/22 at 1:44 pm to BayouBengal23
I believe the first step is for you and your family to form an LLC...
Posted on 7/2/22 at 1:45 pm to TigerstuckinMS
Got a real estate LLC already. Also not in Nola!
This post was edited on 7/2/22 at 1:46 pm
Posted on 7/2/22 at 1:49 pm to BayouBengal23
Most cities, even small ones, have ordinances about unkempt/ dilapidated residential and commercial properties. If the property owner stops paying property taxes, the property will be adjudicated to the governing authority for nonpayment of taxes. The property will eventually be auctioned off by the governing authority, either city or county. In some cases, the authority can condemn the property, have it demolished, and assess the cost of doing this to the property owner. Some authorities will not do this because the cost of demolishing the property would exceed the amount recoverable from a tax sale. In some situations where the property is isolated from other buildings, the city will let the Fire Department burn the building as a training exercise, which will greatly lower the cost of getting rid of it.
Posted on 7/2/22 at 1:51 pm to BayouBengal23
quote:
Got a real estate LLC already.
OUTSTANDING. Now, you're going to need some traffic cones, warning tape, and gravel.
Posted on 7/2/22 at 1:56 pm to BayouBengal23
July 4th fireworks.
Posted on 7/2/22 at 1:56 pm to BayouBengal23
quote:
I’ve heard of squatters rights, but does anyone know a way of acquiring these or knocking them down legally?
Absolutely. This one’s easy.
Buy the property, evict the tenants (which will take a while), and then knock it down.
Posted on 7/2/22 at 2:04 pm to AbitaFan08
How do you buy the property without being able to contact the owners?
Posted on 7/2/22 at 2:05 pm to BayouBengal23
quote:
I’ve heard of squatters rights, but does anyone know a way of acquiring these or knocking them down legally?
you pay the property taxes on it each year, after 3 yrs of doing this you apply for a deed and if land owner doesnt refund your money, then you own it.
my uncle and his lawyer did this for many years and got rich doing it.
he said of the houses they did 2 out of 3 the owners paid them back and kept it, the 3rd they got for a few hundred in property taxes they paid on it. then they just did a quick patch up and paint and then they rented them out as section 8 housing and got paid direct from government each month.
they have to pay you back if they want to keep it so you lose nothing but time doing it. just dont spend any money cutting grass or fixing it or cleaning up the property (hauling trash off) until the deed is in your name because you wont get any of those expenses back.
you should be able see on the parish accessors tax rolls based on the address and the lot number who owns it
This post was edited on 7/2/22 at 2:09 pm
Posted on 7/2/22 at 2:09 pm to TigerstuckinMS
quote:
Now, you're going to need some traffic cones, warning tape, and gravel.
I sure hope this is a reference to the classic OT thread.
Posted on 7/2/22 at 2:12 pm to keakar
quote:
you pay the property taxes on it each year, after 3 yrs of doing this you apply for a deed and if land owner doesnt refund your money, then you own it.
So if I pay my neighbors taxes for three years I own it if he doesn’t reimburse me?
Posted on 7/2/22 at 2:13 pm to BayouBengal23
I have a hunch that we're neighbors. haha.
Posted on 7/2/22 at 2:14 pm to lsuconnman
I think there's some court paperwork and sheriffing that goes along with that strategy, but the gist sounds correct
Posted on 7/2/22 at 2:20 pm to lsuconnman
quote:No
So if I pay my neighbors taxes for three years I own it if he doesn’t reimburse me?
Posted on 7/2/22 at 2:22 pm to lsuconnman
quote:
So if I pay my neighbors taxes for three years I own it if he doesn’t reimburse me?
Not if he has a mortgage.
Posted on 7/2/22 at 3:10 pm to lsuconnman
quote:
So if I pay my neighbors taxes for three years I own it if he doesn’t reimburse me?
yep
my uncle got 13 houses doing it that way and his lawyer had gotten 27 that way
the key is if the owners arent paying the taxes so mostly is neglected abandoned property where it works best
if there is a mortgage on it then it wont be a neglected or abandoned property obviously. the bank will be paying the back taxes as insurance on securing the loan collateral and then they can take it over just like you are trying to do but that wouldnt get them the loan paid back if the house is a POS
This post was edited on 7/2/22 at 3:15 pm
Posted on 7/2/22 at 3:15 pm to BayouBengal23
City of Lafayette has been selling some after taking possession. Most are sold to adjacent homeowners for the land.
One former councilman has been buying some for his non-profit.
One former councilman has been buying some for his non-profit.
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