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  #11  
Old 07-07-2009, 02:34 PM
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birdman42 birdman42 is offline
Bill T.
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Join Date: May 2009
Location: Merlin, west of Bawtymore
Posts: 392
Default Of course you can buy property that didn't have good title

My, this thread has brought some folks out of the woodwork. 1lovediane and Freddie Maguire, we'd love to hear your thoughts on other matters. Do you have a particular interest in the topic, or did it just rile you?

As to creating "good title" out of thin air, it happens all the time, and with official sanction. Police departments all across the country hold sales of unclaimed recovered property. They post announcements in the local paper, and that's considered plenty of notice. If you were the original owner, how far do you think you'd get with a claim years later of, "Hey, that's my bike."

And that lost luggage place in Scottsboro, Alabama sells all kinds of material that can be positively identified, including cell phones with their unique IDs. Where would a claim against a buyer from there get you?

I'm certainly not condoning theft of material, whether it's from a private or public source, but once you're given an opportunity to reclaim your property, and you choose not to (and inaction is a choice), then I'd imagine you're ceding some of your prior rights. (Does that create "abandonment"? Only a lawyer could say for sure, though I'd bet that some of the non-lawyers on here will weigh in. Disclaimer: IANAL)

The police sale is almost exactly analogous to the NYPL situation:
  • They had property (assuming that an item in question actually was in their collection)
  • It was taken from them
  • They were notified of its whereabouts
  • They chose not to act
  • A buyer purchased it in good faith (Here's the difference--at a police sale, the buyer can assume that at one point the item was stolen property; with the material we're discussing here, the buyer can assume, unless information is provided otherwise, that the material is clean)

You may believe that Corey, or Barry, or someone else here is in the wrong (even though you have no evidence to that effect), but I don't think the law would agree.

My rock at the hornet's nest,

Bill
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