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Sunday, January 27, 2013

Bank of America Takes Florida Squatter to Court Over $2.5 Million Mansion

Bank of America is taking a Florida man to court after he attempted to use an antiquated state law to legally take possession of a $2.5 million mansion that is currently owned by the bank.

Andre "Loki" Barbosa has lived in a five-bedroom Boca Raton, Fla., waterside property since July, and police have reportedly been unable to remove him.

The Brazilian national, 23, who reportedly refers to himself as "Loki Boy," cites Florida's "adverse possession" law, in which a party may acquire title from another by openly occupying their land and paying real property tax for at least seven years.

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2 comments:

Anonymous said...

This is nothing less than theft. They should lock this bozo up and all the other 8 that are living there with him. They state the water has not been turned on in the house. I thought the health department required running water for people to occupy a house. Boot them out and ship them back to where they came from.

Anonymous said...

I truly hope this clown and his squatter buddies all get thrown out and deported !!!! i wonder who is advising him oh well they need to go back also and maybe try to find employment back in their country