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Texas Man Gets $300,000 House for $16

A Texas man took advantage of a little-known law that gave him a house worth $300,000 for $16. Kenneth Robinson researched homes for months, trying to find the perfect scenario. Essentially, he found a house in foreclosure where the owner had fled the mortgage, and then he filed a claim of abandoned property (for $16) and moved into the house. The only way he could be kicked out is if the owner pays the mortgage in full …

 

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