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Old 12-14-2007, 11:38 AM   #21
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Quote:
Originally Posted by 03.gsxr.1000 View Post
As the law states:
The four types of found property are:

I believe that the true owners of the money would be the surviving family members of the person who's name was on the box. If they are undiscoverable, I believe the contractor would receive the money in court.

I wouldn't think that applies to finding something on a strangers personal property.

I mean, if he struck oil while drilling a post hole, would he claim to own mineral rights for that land?
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Old 12-14-2007, 11:43 AM   #22
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Quote:
Originally Posted by 03.gsxr.1000 View Post
I believe that the true owners of the money would be the surviving family members of the person who's name was on the box. If they are undiscoverable, I believe the contractor would receive the money in court.
My thoughts exactly. If it ends up this way, she should sue the contractor for her share.

I have no idea about the law on this though but first instinct is that its neither but the original owner should be found.

Interesting case though. It could go all sorts of ways... Just wait until some people show up and scream "My grandgranddad lived in this house, the money is mine!"

Can't wait to hear the outcome of this one.
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Old 12-14-2007, 11:56 AM   #23
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Quote:
Originally Posted by denhou1974 View Post
The money belongs to the homeowner.

If it were we I would've told the contractor that I put it there on purpose and to not mention it to anyone. That way he couldn't say that he 'found' it.
I agree with you... on this.. if it was me I would have yelled at him for snooping around my space hehe..
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Old 12-19-2007, 11:39 AM   #24
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Quote:
Originally Posted by IAHKAT View Post
Greed will get you know where. He should have taken the 10% and kept his mouth shut.

When the past owner sold the home to the current owner, the home and it's contents now belong to the new owner.
ACTUALLY....depends where he found it. if it was buried in the ground.....depending how deep, it would belong to the government, or whoever owns the ground below you.

these days, when you buy property......you only own the land, and not what's below (technically for mineral rights). in most cases, you own maybe 5 feet below you, and 50 feet above your ground (just an example)....you do not own the air up top either.....that belongs to the electric companies for running their electric lines.

crazy, but true. you CANNOT have mineral rights these days....unless you've had them for a VERY long time on your current deed. mineral rights are almost obsolete (sp?)
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Old 12-19-2007, 11:52 AM   #25
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Dude as a former contractor I would have tried to sneek it out. I know im evil.
But i would make up for giving her a big discount.
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Old 12-19-2007, 12:01 PM   #26
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by the time they are done with the lawyers they both will get 10%
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Old 12-19-2007, 01:06 PM   #27
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Quote:
Originally Posted by D_UNIT View Post
Dude as a former contractor I would have tried to sneek it out. I know im evil.
But i would make up for giving her a big discount.
YOU SNEEKY . tell the owner the new hot tubs on me
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It makes me cry, but real tears not the ones out of my like usual.
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Old 12-19-2007, 01:20 PM   #28
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Quote:
Originally Posted by maskale View Post
by the time they are done with the lawyers they both will get 10%
+111111 the only people that make money in the court house is scummy lawyers and scummy judges. It makes me sick everytime I see the new federal courthouse built in Corpus Christi...WHAT A WASTE OF MONEY

Btw I think the contractor should have took the 10%.
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Old 12-21-2007, 05:59 PM   #29
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Better be happy he's getting 10%
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