
I recently wrote that squatting is becoming a way of life for many delinquent borrowers. Of course, this doesn't meet the technical definition of squatting which is possession of real estate without the owner's permission. In this instance, the squatters are technically still the owners of property, so there is nothing illegal going on, but these owners are generally hopelessly underwater and failing to make their mortgage payments. They are in possession of real estate that can be called to auction at the discretion of their lender at any time. Ultimately, they will lose their homes. Today, we are going to look at other forms of squatting from the traditional adverse possession to the return of former owners who couldn't leave their…[READ MORE]