I always suspected that when I posted about the breakdown of property law that accompanied the collapse of Big Shitpile (aka the housing crisis) some readers thought I was being a little over the top. Well, it turns out this is giving the riffraff an excellent opportunity to do some high-end squatting:
Andre Barbosa can safely say that he has one of the nicest homes on the block in Boca Raton, Florida.
But the 23-year-old Brazilian national does not own or even rent the palatial $2.5million estate legally – he is a squatter.
Barbosa, originally from the neighboring Pompano Beach, moved into 580 Golden Harbour Drive in July
Now he is threatening to use an obscure real estate law that allows people to claim a property as their own if they stay there for seven years.
No one witnessed Barbosa breaking into the 7,522-squae foot, five-bedroom, six-bathroom waterfront home, so he cannot be arrested.
And Bank of America, which foreclosed on the house, so far has done nothing to evict the 23-year-old and reclaim the property.
Admittedly, one could have a good chuckle about this particular case, though if the guy were a violent paroled felon prone to anger, then maybe it’s not so funny.
I’m surprised this doesn’t happen more often, especially by people who are being foreclosed on–drag it out, and maybe you get the bank to settle after all.