to keep it or does it go to the owner's of the house, or even better will it go to the family who lived there in that time??? Records will show who owned the house and family would inherit. True?
2007-12-14 05:17:31 · 7 answers · asked by dtwladyhawk 6 in Business & Finance ➔ Personal Finance
The current owner of the home/property that hired the contractor will keep the money. Once you buy a property everything on that property is yours - bad or good.
The problem in this case is that the contractor wants more reward money for being honest and not keeping it. The owner originally offered 10% and he did not like that. The contractor felt as if he should get more. That is why it is going public to hopefully get public sentiment towards his case. It won't happen.
2007-12-14 05:28:35 · answer #1 · answered by Jackson D 3 · 0⤊ 0⤋
The answer to this one will invariably end up in the courts. The LAST person who would probably win would be the contractor. He's claiming 'finders, keepers', but he fails to acknowledge that he 'found' the money on private property. I wonder if he expected to keep the wife's engagement ring as well, if he 'found it' somewhere in the house.
As far as the other two parties go, there may be a time limit involved in claiming such a find from the FORMER home of a deceased relative. Generally, the laws hold that a purchaser of a home also gets to keep whatever is in the house unless claimed within a specific period of time. Doubtless there will be litigation based upon the amount of value discovered.
My guess is that the homeowners will end up with most, if not all, of the find.
2007-12-14 14:28:43 · answer #2 · answered by acermill 7 · 0⤊ 0⤋
Depends on the laws of the state. Here in Michigan, the contractor is out of luck because he doesn't own the property where the money was found. Michigan law says the owner of the house would get it unless the person(s) who lived in the house at or around the time the bills were minted can be found and can provide clear and convincing evidence that the money was theirs. The chances of that happening are very slim though, and surviving family members can't make a claim simply because their grandparents or whoever lived in that house at or near that time. I imagine the rules would be the same in almost all other states -- possession is 9/10 of the law.
2007-12-14 13:30:40 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Owner of the house, because they bought the house they got everything as the seller transfer title of property. Now as for the contractor i think he should get a chunk of this change 50%. if it would be a perfect world 1/3 to the parties involved. I had kind of the same thing happend last week pulled my fridge and stove out last week, dont think it has ever been done seince the house was built 10 years ago. Anyways i found a money card said congrats, inside was a 100 dollar bill and 50 dollar bill. Not ours must have been from a pervious owner, mine now.
2007-12-14 13:26:55 · answer #4 · answered by Anonymous · 0⤊ 0⤋
The owners get the cash, hopefully they will share with the contractor would could of put it in a tool box and said nothing. When you buy a home, you buy ALL of it.
2007-12-14 13:25:31 · answer #5 · answered by mbv621 3 · 0⤊ 0⤋
There is an obscure law there dealing with buried treasure. It is that legal theory that the contractor's attorney is using. It will ultimately be decided in court unless some settlement is reached before it goes to trial.
2007-12-14 13:26:31 · answer #6 · answered by jwishz 7 · 0⤊ 0⤋
No one knows yet..............the courts will eventually sort it out.................
2007-12-14 13:31:02 · answer #7 · answered by richard t 7 · 0⤊ 0⤋