lennavan: ArcadianRefugee: Why? They'd just sell it in turn, if they had any sense. Otherwise, "working poor" becomes "completely broke" when they have to start paying the taxes on the place.Presumably a working poor family is currently paying rent somewhere. If he sold it to them for $1, their monthly payments might actually go down. I might recommend a different way of picking on jst3p:jst3p: If I had sustainable investment income and no family I think it would be fun to attempt to gain title to homes in this fashion and if successful sell it to a "working poor" family for a fraction of its valueSo rather than tell the working poor families how to do it themselves so they have a place to live in the meanwhile, you're gonna go ahead and spend the time and obtain the home for free after which you sell it to poor people and make a buck off of them even though you got it for free? You BASTARD.
Prank Call of Cthulhu: That must be a big home indeed, if you can fit a Brazilian people inside it.
oldfarthenry: I should claim "adverse possession" of the office bathroom. Lord knows I've exercised squatter's rights on that thing for over seven years!
topcon: Oh good, another one of these articles again.Please post links of anyone who has successfully taken legal possession of a $2 million house in this fashion.
Raoul Eaton: oldfarthenry: I should claim "adverse possession" of the office bathroom. Lord knows I've exercised squatter's rights on that thing for over seven years!To acquire property rights through adverse possession, your occupation of the property must be "open and notorious." Have you kept up that part of it?
jst3p: cefm: To all the folks who are saying that adverse possession is a relic that should be eliminated - this is not an example of why adverse possession is BAD, it's an example of why adverse possession is GOOD.The evil that we want to avoid is un-used property that someone "owns" on paper but that they express no interest in. That's the kind of thing that blights neighborhoods and prevents useful development. If you don't act like you own something then you might as well not own it.Part of the problem we've been seeing with these mega-banks owning too many mortgages is that they can't deal with the actual issues involved in ownership. Banks holding forclosed properties need to pay their taxes, maintain the property, defend it against adverse possession, and find a new owner or a renter. This is WORK and it costs money and time. This is supposed to be the penalty that banks pay for giving bad loans and is a disincentive to foreclosure/repossession. Many local banks would try to find a way to avoid it with the owner, but BoA is too big and lazy to try. So they foreclose and then ignore the vacant property. They deserve this consequence.I am dubious that this guy will make it the full 7 years. But he's living rent-free in a mansion for now, and more people should do the same to force BoA to clean up its practices relating to foreclosure, renegotiating loans and selling foreclosed properties.THIS makes a lot of sense to me. I would be curious if anyone could rebut in an intelligent manner.
ArcadianRefugee: rufus-t-firefly: Fark her. Maybe she should just worry about her own business and stop sticking her nose where it doesn't belong.Concern that a 23-yo who calls himself "Loki Boy" might bring down her property value seems, to me, to be "her own business".
Frozboz: FTA: Bank of America didn't respond to the Sun Sentinel's inquiry. And neither did Barbosa, a Brazilian national who refers to himself as "Loki Boy," after the Norse god of mischief.Too funny. Ah, Florida. Is there anything you can't do?
jst3p: pag1107: Eventually the unwieldy, behemoth BofA will figure out he's in there and have him removedIt could be that they know he is there and don't care yet because he is what keeps the pipes from being ripped from the walls. I wonder if they can wait until the 11th hour then act to convict evict him, when they are ready to deal with the property.
deanis: HotWingConspiracy: It's just aggravating, she said, considering how hard she worked to be able to afford a house in the neighborhood.I support him just to spite this snooty coont. I might send him a pizza.How is she being snooty? saying that you worked hard to earn something? tough farking crowd around here.
Too_many_Brians: Hmmm. I'm in Florida and poor, maybe today I will go house hunting.
lennavan: ZAZ: In Massachusetts you can get a court order protecting your land from adverse possession. ("registered land")In Connecticut the United States, they can kick you out of your home because they want to build a shopping mall and your home totes gets in their way.
ArcadianRefugee: Rich Cream: quizzical: It is trespassing. But, per TFA, Bank of America hasn't gotten around to kicking the squatter off their land yet.Ah. So. Civil matter = need charges.It's Florida! Just sell the house and the new owner can just shoot the guy as a trespasser. "Stand your ground" and all that./or castle doctrine, whichever
Insatiable Jesus: Rich ratfarkers pissed that a brown person is ratfarking the system? LOL LOLOLLLLLLOL
abhorrent1: Enjoy paying the property taxes.
Sorias: Until the Government sends him a tax bill and takes it away anyway.
Prank Call of Cthulhu: Another problem that can be easily solved with a suitably motivated neighbor, a ski mask, and a bat with a nail in it.
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