“The 23-year-old has moved into an empty $2.5 million mansion in a posh Boca Raton neighborhood, using an obscure Florida real estate law to stake his claim on the foreclosed waterside property. The police can’t move him. No one saw him breaking into the 5-bedroom house, so it’s a civil matter. And representatives for the real owner, Bank of America, said they are aware of the situation and are following a legal process. Sunrise real estate lawyer Gary Singer said Barbosa is invoking a state law called ‘adverse possession,’ which allows someone to move into a property and claim the title — if they can stay there seven years.”
http://www.orlandosentinel.com/fl-boca-squatting-in-style-20130122,0,839442,full.story
Related posts:
Bitcoins made simple: Go to an ATM
French woman offers to breast feed gay couples’ babies for $130 a day
Feinstein insists NSA’s massive snooping operations are ‘not surveillance’
Australian Regulators Stand By as Global Mortgage Debt Drives Up Prices
U.S. military officers have deep doubts about impact, wisdom of Syria strike
Half of All Homes Are Being Purchased With Cash
Bank of England's Tucker Says He’s Open to QE as BOE Stresses Flexibility
EU Expands Russia Sanctions, Includes Aeroflot's Low-Cost Subsidiary
Myanmar Foreign Investment Reaches $42 Billion From 32 Countries; $423 Million In June
Economic exodus means two-thirds of Puerto Ricans may soon live in US
New York auction houses celebrate after billion-dollar sales week
Most Americans Don’t Know Bitcoin
Venezuela Stock Market Up 313% In 2013
Egypt court orders Hosni Mubarak freed
NSA chief defends his agency’s ‘noble mission’ to defend the U.S.