I just purchased a repo and have discovered some of the fenced in area is not part of my lot. The county records show a .02 acre parcel without any legal owner on record and that is the area within my fence. The next door neighbor claims he found out he is being billed for the tax when the county put in a new sewer and surveyed the lots. Can I use adverse possession to obtain title to the land or is their another path to take. CR
The term property refers to things a person can own or possess. There are two types: real property (real estate) and personal property (everything else).
Residential property is real estate that has been developed or zoned to be used for living, such as single family houses, apartments or mobile home parks.