Truth being spoken. When i was a kid, a "million dollar house" didn't look like some soulless mcmansion.

@@DamplyDoo That isn't even a mini mcmansion. Odds are it is a three bedroom, 2.5 bathrrom house. Sitting on half a acre of property.

@@superdave8248 sorry i use the term mcmansion for any of the 2500 sq ft, 3bd rm houses we see here all over New England. And the garage always dominates the front

Ya sad fact is.. it ain’t the house ....it’s the land

My parents house is a 4 bedroom 4 bath with a finished basement with a bar with an absolutely gorgeous view of the Rocky Mountains and it costs HALF the price that monstrosity costs

That one the house was built on the wrong lot. This one the lot was fraudulently transferred.

Yeap!!!

It does. Most likely the real estate company that's building the house will buy the land again from the actual owner and finish the build. They'll have to take a bath because their title researcher didn't take enough care to make sure the lot deed was legit.

@@serendipityshopnyc Isn't this the exact reason why Title Insurance exists? All these situations, yet money goes into a company to deal with this, and they're always AWOL when a problem occurs. Why are they there then?

​@@lufironkinda, it covers the total cost of the house, Mine will protect against if there is some unknown past debt on it and a few other things. If you put down 20% or more on a house, you can have insurance waived, alot of people do it to save money

​@@serendipityshopnyci have two land and communities & business are being built around them im going to let it sit for around 20 years tell i get the offer i want. You made a comment saying the real estate company will have to rebuy the land again. Without realizing they will be charged a fortune to buy it. Not only that I'm making pay for my lawyers for dragging me into court for building on my land illegally. Not only that I'm counter suing them. So that "the realstate company would just have to buy it again" Is just total nonsense you talk as if you don't have land.

Title insurance is typically required by the bank, but if you pay cash it is optional.

He's also a HACK ! That house is a dump

Fraud plus identity theft. And the perp disappeared as soon as the check cleared to move on to the next possible victim.

Or wait until it’s finished threaten to have it torn down if they don’t but the land then sell them the land for 10 million. If they don’t settle for 10 million you can just sue them for it and keep the house too.

@@fruck2896 plaintiff has an obligation to make the problem known as soon as he is aware of it otherwise he is guilty of unjust enrichment and will be responsible for some of the liability

@@fruck2896unfortunately if the landowner knew it was happening but then said nothing until the house was complete, he’d actually surrender his rights under the premise of unjust enrichment. He did the right thing by alerting the authorities as soon as he found out about it as soon as he was aware; nothing really stopping him at this point (after the legal system does its thing) from hiring another contractor to finish what’s left of the job and then selling it at a tidy profit.

It isn't a crooked lawyer. It is an incompetent one who failed to do due diligence. And incompetent lawyers tend not to have the money to make this type of mistake right. Further, this is the sort of thing that can get a lawyer disbared. Failing to complete a simple title search properly. Hell, the actual owner pays taxes on the property. It is simple enough to find out where the tax office is sending the bill. This is low hanging fruit when it comes to legal matters. If you lawyer fails in something so symplistic, you know your legal counselor didn't graduate at the top of his/her class. Realistically you could probably argue the lawyer was lazy too. Had a legal assistance do the leg work and just went with whatever he/she came back with without checking behind him/her.

Seems like you're jumping the gun a bit. While it's possible the lawyer was in on some scheme, it's a lot more likely he was duped all the same, possibly due to not being thorough enough or being incompetent like the other guy said.

@@tommyl5319 jumping the gun and assuming the worst in people is what people in KZfaq comments often do.

This happens a lot! That department should let owners know that’s their job!

This happens everywhere, besides this case isn’t even in NYC.

Oops ... Too bad for everyone . It looks like a nice place to house illegal immigrants . That's who's going to live there .

Prolem is you cant create alot where there is already alot! Gis map wont accept the changes.

they will tax property owners however

Use your brain

That house is built like shit, you can see hacks from 50' away, imagine what the inside looks like !

A property doesn't need to be listed, offers can be made and accepted on properties without a listing ever being made. It's not uncommon for developers to approach the property owners directly with an offer.

@@AscheOfTheLake Builder said he paid "land owner in South Africa" how would you approach him. Always follow the money. This is a scam only the builder didn't get paid before the rightful land owner saw what was going on.

Doubtful. Just more incompetence. Everybody is assuming everybody else did due diligence and not verifying.

Not necessarily. If you buy with a bank financed mortgage, yes. If you buy outright as a contractor, it's not a necessity to purchase the insurance. It's a good idea to have, but not required in all situations.

Exactly

No…it depends on how long these squatters were on his property. If it’s more than 15 years, he loses the land.

They weren't squatting. Developer is Guilt of fraud and conversion. In most places adverse possession applies only if the squatter openly and notoriously occupies the land AND! Pays all the the taxes on the land. Usually for a period of 10 years

@@giantgeoff at common law and in most states, the paying of taxes isn’t required for adverse possession. After all, one assumes the landowner is paying taxes, so the government should collect twice? And if they did, they’d notify the owner of the other party’s presence, which would then end the possession. It is true that they have to be openly using the land…can’t think of a more open way to announce your presence than building a house.

wife from CT

No and the organizations behind these scams are raking in so much money at this point that I'm pretty sure the government there is benefiting from this as well.

Africa is not a country. But, yes, we do have extradition treaties with at least some African countries. I recently heard about two Nigerian citizens being extradited here to face prosecution for as extortion scandal involving a teen aged boy.

Average price in my area is $1 million. So I guess it depends.

Idk how that low price didn't set off some kind of red flag 🤦🏾‍♂️

Skytop in Fairfield CT, Location, Location, Location!

Dumb-

This isn’t a car did you watch the video?

@@patty109109 You definitely missed my point.