Monday, November 8, 2010
A Necessary Correction to Slow Legal Decisions on Housing
The NY Times has an interesting article on adverse possession. This is where someone occupies long abandoned property for a long period of time and gains ownership. There are obviously all kinds of problems with this and a few upsides. My take on it though is that if the legal system is so screwed up that these properties are sitting empty for this long these laws represent a necessary correction. This wouldn't be happening if the system were working. Since it's not, at least there's an alternative. So Florida should either fix how it handles foreclosures or learn to put up with this sort of thing.