If someone starts paying the taxes on a property and openly occupies it, it is possible that eventually, depending on the laws of the state, they could obtain ownership through adverse possession of the property. This process can take a very long time, typically no less than nine years, again depending on the state law. There would also have to be an action for "quiet title" in order to establish that the adverse possession was effective and met the criteria for such; otherwise, there would be no way to convey or sell the property in the future. There is also always the chance that an heir will show up and the property will be subject to conveyance via a probate proceeding.
Answered on Jan 16th, 2013 at 11:17 AM