As a writer for an Insurance School there are insurance implications for squatters moving into abandoned homes after the Real Estate Crisis and attempting to take ownership through adverse possession. The squatters damage the property and cause claims .
People are taking ownership through adverse possession and being arrested for it . In Florida 100s of claims like that are happening and the police are arresting the people who try . The law dates back to use in England five centuries ago . In Florida the law states that if you move into a vacant house and pay the taxes on the house for seven years you will then become the owner. That’s if the real owner doesn’t pay the taxes due on the house . When I prepared for my Real Estate License I had to study about adverse possession because I would be tested on that part of the law . Why teach it as a method to gain property if all it does is get you arrested by the police for attempting it?
–This story brought to you by Florida Insurance and 220 School offering nationwide insurance and securities pre-licensing classes.
Obviously some are breaking laws while doing this . They are pretending to be landlords of homes and renting them out for money . People are also being arrested for being a trespasser and for breaking and entering. Florida law states that that a squatter must publicly let people know they are there, and not hiding there. But the law just by existing sort of encourages you to try. Yes you might get arrested, but you might also be a winner . Can you imagine a law that says you can run drugs and if you don’t get apprehended for seven years, you are immune from ever getting busted again? That would encourage you to try . A little bit like state-sanctioned entrapment. What do you think about this newest twist in the Real Estate crisis ?
Rick Sabian