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A couple from Sacramento, California, fell prey to a pair of serial squatters who left their property in a state of disrepair after months of living there rent-free.
They may sell the property to potential buyers, obtain mortgages or loans against it, or even lease it out to collect rent. Aerial view of suburban homes with lush green lawns, illustrating ...
Some real-estate scammers operate by transferring a home's deed away from its rightful owners. The owner of a $137.5 million LA mansion says they're a victim of deed fraud and can't sell it.
Property crime rates in the United States, 1986-2005 (source: FBI UCR data, which only shows reported crime) In 2004, 12% of households in the United States experienced some type of property crime, with theft being the most common. [19] The percentage of U.S. households that experienced property crime dropped from 21% in 1994 to 12% in 2004. [19]
Repossession, colloquially repo, is a "self-help" type of action in which the party having right of ownership of a property takes the property in question back from the party having right of possession without invoking court proceedings. The property may then be sold by either the financial institution or third party sellers. [1]
However, it specifies that theft of property valued at more than $1,000 is a felony whereas thefts of lesser amounts are misdemeanors. The felony categories (class 1 and class 2 theft) also include theft of firearms; property taken from the person of another; vessel or aircraft safety or survival equipment; and of access devices. [77]
The common law was harsh to tenants. Texas tenants leased their property "as is" under the common law doctrine of caveat emptor, Latin for "let the buyer beware." [30] The tenant was expected to carefully inspect the property before signing their lease. Afterwards, they were expected to continue paying rent even if the property became ...
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