A squatter took over a house in Boca Raton, Fla. and an obscure law actually allows the man to do it. According to WPBF.com Jan. 25, Andre de Paula Barbosa took over a $2.5 million house before Christmas. Bank of America holds the deed, but so far no action has been taken to remove Barbosa -- who doesn't own the home. He just moved in since no one was living in it.
Why isn't the 26-year-old Brazilian forced out of the waterfront home he claims no title to or pays $10,000 a month rent on? According to the report, a law called "adverse possession" comes into play in this scenario. The law establishes ownership when a title or other vital documents are absent. A resident may legally take ownership of a home in seven years if there are no objections from the original owner. They would have to file a legal notice with the appraiser, paying taxes, and liens.
Neighbors on 580 Golden Harbour Drive aren't happy about the squatter taking over the house. They want the bank to do something.
Bank of America said they're working with police regarding the situation while legal action is being taken.