Catharine Skipp and Damien Cave report:
In a sign of the odd ingenuity that has grown from the real estate collapse, he is banking on an 1869 Florida statute that says the bundle of properties he has seized will be his if the owners do not claim them within seven years.Given Flint's abandoned housing problem, the story certainly resonated with me. The only problem? Guerette could end up in jail, and his tenants could end up on the street.
A version of the same law was used in the 1850s to claim possession of runaway slaves, though Mr. Guerette, 47, a clean-cut mortgage broker, sees his efforts as heroic. “There are all these properties out there that could be used for good,” he said.
Read the full article here.