You have asked an interesting and complex question. The status of title to railroad land varies from state to state. There is no universal answer due to the various ways by which developing railroads first acquired title. Those can include the following:
Whether or not the land can be claimed by adverse possession depends on other factors that include the following:
Adverse possession of railroad land is a specialty area of law. You need to consult with an expert in conveyancing and railroads who can review your situation and explain your options under the statutory and case law in your state and federal statutory and case law.
Technically no. They're property of whichever railroad you stole them from. If the line is abandoned, they still don't belong to you, and depending on how the scrap yard is run they may accuse you of theft.
Yes. Corporations acquire real property all the time.Yes. Corporations acquire real property all the time.Yes. Corporations acquire real property all the time.Yes. Corporations acquire real property all the time.
That would be the 'Short Line' railroad.
underground railroad
Whoever owns the property. If it's railroad property, the railroad is responsible. If it is highway property, it can be the state's responsibility.
No property is really EVER abandoned. All property is owned by SOMEBODY. It may be empty and even look derelict - but it is NEVER abandoned.
This is a complicated area of law. Some states have passed legislation that allows the taking of former railroad corridors for the purpose of constructing public bike and hiking trails. See related questions and link.
Check with the tax assessor's office to see if the property has been taken by the town for non-payment of property taxes. Generally, the only way to buy "abandoned property" is to purchase it from the town because towns have the authority to take title to property when the taxes are in default. In the United States, title to real property must be transferred legally- you can't just claim it. Inquire about purchasing it from the town. You could also explore the adverse possession laws in your state.
If he knows for sure the property is abandoned he may repossess it immediatley, if he is uncertain he can get an order of repossesion.
Any property that is not currently being maintained is considered abandoned personal property in Nevada. Anything can happen to this material if not claimed.
Generally, when real property is "abandoned" there are other entities that can acquire title legally. If there is a mortgage in default, the bank can foreclose and take possession of the property. If there is no mortgage and the owner has abandoned the property the town can take possession of the property for non-payment of property taxes. Title to real estate must be transferred legally. If you are thinking of acquiring property by adverse possession, in Mississippi, the duration of such possession is ten (10) years. Mississippi Code §15-1-7, 13.
There are specific laws in each state about abandoned property. After a certain period of time you can sell the property and put the money into escrow for the estate.