Unknowingly purchasing stolen real estate
- g-fish
- New Trial Member
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- Joined: March 19th, 2022, 5:17 pm
Unknowingly purchasing stolen real estate
What are your obligations and what are their obligations in this situation?
Does it matter that no signage was posted on the property or neighboring properties even though the challenging Owner could have done this?
Does it matter that the challenging owner would be made whole by transfer of the property back into their name whereas you would very most likely never recuperate the money you spent?
Does the demeanor of the challenging owner matter? I.e. if they are extremely rude and hostile, does this play a role?
Does it matter that the local court system may side in your favor?
Are there any other caveats or preconditions that would alter the ethical response to the situation?
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- Posts: 92
- Joined: January 6th, 2024, 5:21 am
Re: Unknowingly purchasing stolen real estate
Somebody needs to read Ragnar Redbeard.g-fish wrote: ↑March 19th, 2022, 5:32 pm Suppose you’re in a situation where someone (challenging owner) tells you that they own the land that you’ve purchased. The land is legally in your name at this point. The challenging owner is able to show you evidence to support their claim.
What are your obligations and what are their obligations in this situation?
Does it matter that no signage was posted on the property or neighboring properties even though the challenging Owner could have done this?
Does it matter that the challenging owner would be made whole by transfer of the property back into their name whereas you would very most likely never recuperate the money you spent?
Does the demeanor of the challenging owner matter? I.e. if they are extremely rude and hostile, does this play a role?
Does it matter that the local court system may side in your favor?
Are there any other caveats or preconditions that would alter the ethical response to the situation?
- LuckyR
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- Joined: January 18th, 2015, 1:16 am
Re: Unknowingly purchasing stolen real estate
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