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Squatter in BofA’s Boca Mansion

Posted By Frank Pasquale On February 18, 2013 @ 3:38 pm In Financial Institutions | No Comments

Bank of America (BofA) is moving to evict a squatter [1] in one of its many foreclosed Florida properties:

Andre Barbosa’s days of stylish squatting in a $2.5-million Boca Raton mansion may be numbered. . . . Adverse possession is a state law which allows someone to move into a property and claim the title — if they can stay there seven years. Barbosa, who calls himself “Loki boy,” posted a signed copy of his “adverse possession” note in the home’s front window.

I’m sure Florida’s efficient judicial system will put this to right forthwith [2]. And if they mess up a bit of paperwork along the way, no worries [3]—independent reviewers can investigate [4]. BofA has been the conscience [5] of the finance community. It would be a grave injustice to see it facing losses due to people claiming title to property [6] they don’t really own.

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URLs in this post:

[1] evict a squatter: http://www.sun-sentinel.com/news/palm-beach/fl-boca-squatter-eviction-20130125,0,5466063.story

[2] forthwith: http://www.nakedcapitalism.com/2010/09/floridas-kangaroo-foreclosure-courts-judges-denying-due-process-on-behalf-of-banks.html

[3] no worries: http://www.nakedcapitalism.com/2013/01/bank-of-america-foreclosure-reviews-whistleblowers-provide-extensive-evidence-of-borrower-harm-and-orchestrated-coverup.html

[4] can investigate: http://www.nakedcapitalism.com/2013/02/bank-of-america-foreclosure-reviews-why-the-occ-overlooked-independent-reviewer-promontorys-keystone-cops-act-part-v.html

[5] conscience: http://www.rollingstone.com/politics/news/bank-of-america-too-crooked-to-fail-20120314

[6] title to property: http://www.businessweek.com/articles/2012-11-15/about-that-25-billion-robosigning-settlement

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