Developer sues lady after they accidentally built on her lot, someone pooped on floor

[Punatang]

Is that Grey Lifeproof flooring I spy?

[randomq]

Nah I already ripped it...

[Punatang]

LOL easy come, easy go.

[Kiana]

Two Hilo Tribune articles covering the trial now in progress over in Kona:


Developer testifying;
https://www.hawaiitribune-herald.com/202...e-mistake/

Cross examination of the lot owner Reynolds:
https://www.hawaiitribune-herald.com/202...nafu-case/

[Punatang]

The best outcome IMHO is if Leora Thompson or her heirs, who evidently lost said lot over a $1,600 delinquent tax bill, gets her/their lot back and now it happens to have a fairly new structure on it free of charge.

[Kiana]

The best outcome IMHO is if Leora Thompson or her heirs, who evidently lost said lot over a $1,600 delinquent tax bill, gets her/their lot back and now it happens to have a fairly new structure on it free of charge.

I was thinking the same thing! Sure would be a nice thing for them. Imagine their freaking surprise getting some type of law suit notice years later, thinking it was long gone, over and done with.

[HereOnThePrimalEdge]

a fairly new structure on it free of charge.

They would still have to pay back the woman who bought the lot at tax auction, plus interest.
If the heirs didn’t have $1600 to spare for back taxes, could they afford the buyback?  Without some pre-negotiated presale resale with a third party?  (Someone offers to front the buyback funds, with the agreement that the heirs then sell them the property with an additional little something something fee) 

Or could the heirs get a bank loan for the house, as is to pay the buyback?

[Punatang]

Edge it looks like Reynolds paid $22,500 for the spiritually balanced (or something) lot at auction.  How much would that be with interest approximately?

We could have a Punaweb collection and offer a loan at reasonable terms and the interest could be used to open The Punaweb Bar and Grill which MyManao will manage under the new economic system they are no doubt fine tuning at this very moment.

https://www.hawaiitribune-herald.com/202...nafu-case/

Under questioning by Olson, Reynolds said she had up to $150,000 to purchase properties in the 2018 tax auction in which she paid $22,500 for the 8th Avenue lot where the home construction snafu occurred. 

[terracore]

a fairly new structure on it free of charge.

They would still have to pay back the woman who bought the lot at tax auction, plus interest.
If the heirs didn’t have $1600 to spare for back taxes, could they afford the buyback?  Without some pre-negotiated presale resale with a third party?  (Someone offers to front the buyback funds, with the agreement that the heirs then sell them the property with an additional little something something fee) 

Or could the heirs get a bank loan for the house, as is to pay the buyback?

Good question- tax auction properties can't easily get title insurance, but does that apply if one of the heirs to the original property are taking it back?  Someone would have to ask a title company to find out.

Otherwise, no traditional mortgage without title insurance.

[My 2 cents]

There is a one year "redemption" period on tax foreclosed property tax auction sales

IIRC, it's "redeemable" for the auction price + interest + cost of any improvements to the property.

Should make for an interesting court case.

And that's why the previous owner is unlikely to want to bother with it.