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Quote " but the appraiser’s site and county’s tax site shows the negligible value of the property, no building value and that the land is only 100 square feet" Unquote.
He just learned an expensive lesson. This information is available to anyone that wants it. To bid on something without due diligence is not wise.
He doesn't deserve his money back.
In my state there is a public website of property records with maps. You can find out anything you wish about a property.
There was a "lot" going up for auction on my road a year ago. I looked it up for fun and it was a similar situation. The "lot" was a 10 ft x 10ft patch of land where a farmer had his gate to the pasture.
I bet this goes to auction every year, and suckers fall for it every time. You can bet they post it to make people think they are getting the "Villa" for their money.
But I also agree, people should do their own checking. You can't trust anything when it comes to purchasing property.
How does it happened that the small strip of land doesn't belong to either house? Surely the sale isn't legal, right? If i owned either villa, I'd buy it just to stop the nonsense and intrusion.
Couldn't the owner of that strip rightfully build an ugly structure on it, including utilizing his portion of the garage?
If I was him, I'd offer half the strip each to the existing villas, at $10K each. If rejected, I'd remove the mailboxes and renew the offer at $12K each. If rejected, I'd get a concrete saw and start cutting into the garage wall at my property lines with an offer to stop for $15K each. If rejected I'd keep going until I got to the backyard.
I wonder who the previous owner was and how did they come into possession of it? I would think poorly of someone selling that to anyone, but the two guys on either side.
If I was him, I'd offer half the strip each to the existing villas, at $10K each. If rejected, I'd remove the mailboxes and renew the offer at $12K each. If rejected, I'd get a concrete saw and start cutting into the garage wall at my property lines with an offer to stop for $15K each. If rejected I'd keep going until I got to the backyard.
Yup. I don't know of any law that could stop you from tearing up your own property.
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