Private Restrictions on Ownership 9/13/12

Private restrictions on real estate ownership includes: covenants/conditions/restrictions, liens, easements, profit a prendre, adverse possession, and encroachments. 

One topic that I found interesting was dealing with Specific Liens on foreclosures.
 I had no idea that people could get foreclosed homes so cheap, and that they were auctioned off at the county courthouse. Once I discovered that the money made at the auction was made to settle the debt from that home, then it made much more sense why they went so cheap. 


http://www.auction.com/Texas/All-auctions.html?s_kwcid=TC|25062|foreclosure%20listings||S|b|13678609569&gclid=CKzz_caxsbICFWRgTAodzxgAzg
Its amazing to see just how many houses have been foreclosed on. With sites like this one above, its so simple to find several houses that have been victims within your area. I'm still in shock at some of the starting bids being asked on some really nice homes, but if people can't afford the payments to live in a house, then it makes sense to foreclose even though its an awful situation for any person to be put in. 

Another area that I took interest to was adverse possession. It never occurred to me that someone could acquire the title to land if they have possessed it for a given period of time. http://www.youtube.com/watch?feature=endscreen&NR=1&v=MVr6n80zsk4
It would never cross my mind to move in to a vacant home like this family did. For other real estate owners surrounding homes like this one, I would be upset like most people since these "squatters" didn't earn the house by making any payments. I don't believe its fair in any situation.