Godlike Productions - Conspiracy Forum
Users Online Now: 2,742 (Who's On?)Visitors Today: 871,707
Pageviews Today: 1,274,951Threads Today: 408Posts Today: 6,806
10:26 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

(loop hole in the system) Squatting in style - $2.5 million Boca home

 
Anonymous Coward
User ID: 33310119
United States
01/29/2013 11:41 PM
Report Abusive Post
Report Copyright Violation
(loop hole in the system) Squatting in style - $2.5 million Boca home
Squatting in style: 23-year-old occupies empty $2.5 million Boca home
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.

But the situation is driving his wealthy neighbors crazy.

[link to www.sun-sentinel.com]
Anonymous Coward (OP)
User ID: 33310119
United States
01/29/2013 11:42 PM
Report Abusive Post
Report Copyright Violation
Re: (loop hole in the system) Squatting in style - $2.5 million Boca home
Florida Squatter Andre Barbosa Lives in $2.5 Million House in Boca Raton for Free

[link to www.youtube.com]
Anonymous Coward (OP)
User ID: 33310119
United States
01/29/2013 11:43 PM
Report Abusive Post
Report Copyright Violation
Re: (loop hole in the system) Squatting in style - $2.5 million Boca home
Brazilian Man Attempting 'Adverse Possession' of $2.5 Million Boca Mansion

[link to www.youtube.com]
Anonymous Coward (OP)
User ID: 33310119
United States
01/29/2013 11:45 PM
Report Abusive Post
Report Copyright Violation
Re: (loop hole in the system) Squatting in style - $2.5 million Boca home
The neighbor of a Florida man invoking an obscure real estate law to stake a claim to an empty $2.5 million mansion said he believes that the man is a pawn in a attempt to cash in on the empty property.

Andre "Loki" Barbosa has lived in the 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.

The house is listed as being owned by Bank of America as of July 2012, and that an adverse possession was filed in July.

After Bank of America foreclosed on the property last year, the Palm Beach County Property Appraiser's Office was notified that Barbosa would be moving in, according to the South Florida Sun-Sentinel.

The Sun-Sentinel reported that he posted a notice in the front window of the house naming him as a "living beneficiary to the Divine Estate being superior of commerce and usury."

On Facebook, a man named Andre Barbosa calls the property "Templo de Kamisamar."

A neighbor of the Boca property, who asked not be named, told ABCNews.com that he entered the empty home just before Christmas to find four people inside, one of who said the group is establishing an embassy for their mission, and that families would be moving in and out of the property. Barbosa was also among them.

Police were called Dec. 26 to the home but did not remove Barbosa, according to the Sentinel. Barbosa reportedly presented authorities with the adverse possession paperwork at the time.

The neighbor said he believes that Barbosa is a"patsy."

"This young guy is caught up in this thing," the neighbor said. "I think it's going on on a bigger scale."

Bank of America responded to ABCNews.com, saying that it is in communication with the Boca Raton police department regarding concerns at the house.

"There is a certain legal process we are required by law to follow and we have filed the appropriate action. The bank is taking this situation seriously and we will work diligently to resolve this matter," the bank said in a statement.

Barbosa could not be reached for comment.

The Florida Department of revenue even posts the form to establish adverse possession on its website, but it is not the equivalent of a lease.

The neighbor says that although the lights have been turned on at the house, the water has not, adding that this makes it clear it is not a permanent residence. The neighbor also says that the form posted in the window is "total gibberish," which indicated that the house is an embassy, and that those who enter must present two forms of identification, and respect the rights of its indigenous people.

"I think it's a group of people that see an opportunity to get some money from the bank," the neighbor said. "If they're going to hold the house ransom, then the bank is going to have to go through an eviction process.

"They're taking advantage of banks, where the right hand doesn't know where the left hand is. They can't clap."


[link to www.youtube.com]
Anonymous Coward (OP)
User ID: 33310119
United States
01/29/2013 11:47 PM
Report Abusive Post
Report Copyright Violation
Re: (loop hole in the system) Squatting in style - $2.5 million Boca home
Broward County Property Appraiser Lori Parrish — whose office accepted three more filings for "adverse possession" Tuesday — said she's had enough.

She's started asking the area's state legislators to strike the law from the books, once and for all


[link to www.sun-sentinel.com]
Anonymous Coward (OP)
User ID: 33310119
United States
01/29/2013 11:49 PM
Report Abusive Post
Report Copyright Violation
Re: (loop hole in the system) Squatting in style - $2.5 million Boca home
didn't a whole bunch of mortgage companies go out of business?

this means... if you can find a home where the company went out of business you too can own a home like this

but you better hurry

they are trying to make a new law that you cant do this any more