Acquiring Abandoned Property Legally
Summary
To legally acquire an abandoned property in New Mexico, research the property and contact the owner or heirs. Check for liens and pay any outstanding taxes. Adverse possession requires open, notorious, continuous, and hostile possession for ten years. Consult a real estate attorney for guidance.Full Conversation
How to become a squatter on an abandoned house (owner died), take possesion without going to jail in Albuquerque n.m.
It's crucial to approach this legally to avoid any criminal charges. Here's a brief overview:
*. Research the Property:
- Identify the legal owner and status via the county assessor’s office.
*. Contact the Owner or Heirs:
- Attempt to contact them to discuss potential purchase or transfer.
*. Adverse Possession:
- In New Mexico, you need open, notorious, continuous, and hostile possession for ten years to claim adverse possession.
*. Pay Taxes and Liens:
- Ensure property taxes and any liens are paid.
*. Legal Consultation:
- Seek advice from a real estate attorney to guide you through the process.
Following these steps can help you pursue ownership legally and safely.