Squatter Occupies Bank Of America-Owned $2.5 Million Boca Raton Mansion, Hilarity Ensues

Tyler Durden's picture

The robosigning/fraudclosure fiasco came, saw, and eventually left following a comprehensive slap-on-the-wrist settlement with all mortgage originating banks. In the process, it gave an inadvertent hint to the banks how they can boost house property values: by keeping homes from exiting the foreclosure pipeline, and off the market due to a legal mandate forcing them to do just that, it created a shortage of homes available for sale and thus provided an explicit subsidy funded by the banks themselves. The resulting "foreclosure stuffing" remains with us to this day.

Yet while it did manage to artificially boost prices, the process succeeded in one thing: making a mockery out of property rights, as it became quite clear that nobody knows who owns what, hence demanding a global settlement release from the very top. But not even the 10th incarnation of Linda Green could possibly conceive of the following episode showing just how surreal U.S. housing reality can be, when one mixes combustible and outright idiotic property laws, with a real estate market that, when one pulls away the facade of "made for TV pundtiry", is in absolute shambles.

From the Orlando Sentinel:

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.


"This is a very upsetting thing," said next door neighbor Lyn Houston. "Last week, I went to the Bank of America and asked to see the person in charge of mortgages. I told them, 'I am prepared to buy this house.' They haven't even called me back."


Barbosa, according to records, is a Brazilian national who refers to himself as "Loki Boy," presumably after the Norse god of mischief. He did not return calls.


Someone with his name has been boasting about his new home on Facebook, even calling it Templo de Kamisamar.


Barbosa also posted a notice in the front window naming him as a "living beneficiary to the Divine Estate being superior of commerce and usury."


A spokeswoman for Bank of America said her company has sent overnight a complaint and an eviction notice to a clerk in Palm Beach County.


"The bank is taking this situation seriously and we will work diligently to resolve this matter," said Jumana Bauwens for Bank of America.


Sunrise real estate lawyer Gary Singer said Barbosa is invoking a state law called "adverse possession," which allows someone to move into a property and claim the title — if they can stay there seven years.


A signed copy of that note is also posted in the home's front window.


It's the most valuable grab since the adverse possession law started being used in a handful of cases that have popped up in the Palm Beach County Property Appraiser's Office over the past three years. Soon after Bank of America foreclosed on the property in July, Barbosa notified the Palm Beach County Property Appraiser's Office that he was moving in.


Police were called the day after Christmas to the home at 580 Golden Harbour Drive, but did not remove him. He presented cops with the "adverse possession" paperwork, according to the police report.


Houston said that the home had been empty for about 18 months. Property records show it was sold to a family in 2005 for $3.1 million. The deed is currently valued at $2.5 million, according to county records. The county appraiser's office lists the total market value of the 7,522-square-foot house at $2.1 million.


Real estate websites show canal views from sumptuous interiors including pillars, a curved staircase, marbled bath, second-floor balconies and a pool.


Singer says the adverse possession rule stems from the days when most people lived on farms. He said whoever tries to use the rule has to occupy the property in an "open and notorious manner."


"They can't be boarding up the windows and hiding in there," he said.


After relatively few instances of the rule being invoked over the previous 10 years, 13 cases of adverse possession were filed in 2011, according to John Enck, a manager of ownership services at the appraiser's office. It spiked even more in 2012: 19 cases, but so far, since Oct. 1, only six cases have been filed, he said.


Officials in Broward County did not respond to several requests for similar data.

Meet the squatter: Loki Boy humself:

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



Speaking to ABCNews.com Thursday, a homeowner who asked not to be identified said that he entered the house around the same time and found four people inside, Barbosa among them.


One of the people said that the group is 'establishing an embassy for their mission,' and that families would be moving in and out of the property.


The neighbor said he believes that the 23-year-old is a 'patsy' who got caught up in something bigger.


According to his Facebook page, the 23-year-old, who refers to himself as 'Loki Boy' after the Norse god of mischief, attended South Technical Education Center in Boynton Beach and South Tech Academy in West Palm Beach.


In a brazen move, he also created a page for the Boca Raton mansion where he has been living and entertaining friends, which he calls Templo de Kamisamar.


Meanwhile, neighbors around Golden Harbour Drive who spoke to the station WPEC had a clear message for the unwanted resident: Leave now!


'You're walking into a house, it's crazy. And the point of not being able to get him out is even crazier,' one unidentified neighbor said.

And finally:



Adverse possession is a principle of real estate law that gives anyone who possesses the land of another for an extended period of time in an 'actual, open, hostile and continuous' manner the right to claim legal title to that land.


The exact elements of an adverse possession claim may be different in each state. In Florida, the law prescribes continuous possession of at least seven years. In New Jersey, a squatter must be in possession of the property for 30 years, while in New York it's 10 years.


In some states, the trespasser must have paid taxes on the property during this time period. Other states don’t require payment of property taxes, but will apply a shorter time requirement for occupying the land if the trespasser has paid taxes.

* * *

Just like that lightbulbs went over the heads of millions of Americans, especially when one considers that for the vast majority of banks there is virtually no imperative to pursue squatters out of houses to which the banks themselves most likely don't have the original "wet title" to.

That, and all the other allergies the US seems to developing with respect to "private" property slowly but surely.

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ACP's picture

Stick it to the man, BITCHEZ!

icanhasbailout's picture

Holy shit, that's Dave Lister from Red Dwarf!

Manthong's picture

He won’t want to be around when if the property tax bill arrives with his name on it.

That’s how my county is persuading me to move out of my only slightly upscale digs.

Almost Solvent's picture

Most likely BOA is *still* paying the fucking *escrowed* RE taxes to "protect" their interest in the property.


NO DOUBT this is a *CountryWide* NINJA loan. BOA has no *wet ink* docs to foreclose on.


Wild Wild South!!!

FEDbuster's picture

With a little luck, he can rent it out for weddings and filming porn movies.  That should help pay the gas and electric bills, gotta keep the pool at 80 degrees.  Fuck BAC.

fourchan's picture

i dont see b of a being as interested in the thousands of homes it owns in detroit, maybe if they had canals.


they just let them rot.

A Nanny Moose's picture

How does one use the law to evict someone who is not the lawful resident of a property? Wouldn't trespassing be more appropriate? I suppose only the lawful owner of the property would have the right to seek trepassing charges. Who would that be? MERS?

My brain hurts already.

Comay Mierda's picture

This is exactly why south florida is squatter-ville. and believe me, this story is just the tip of the ice berg

trav777's picture

he'll be out before he gets to 7

bigerny's picture

By this article,I now officially believe Mr.Tyler is fomenting revolution.

scrappy's picture

True, but who knows, he can find a backer for the taxes.

it's the "Adverse Possession" part that piques my interest.

Sounds like law of the sea, maritime law, law of contracts and claims.

Here you go friends...


 "The Doctrine of Latches" is another one to learn about.


It seems the "law"profession takes pains to hide the fact we are indeed governed by "maritime law" in our ignorance.


Is this where our flag rally came from?









Dapper Dan's picture

Is this what you are talking about?



The flags displayed in State courts and courts of the United States have gold or yellow fringes. That is your WARNING that you are entering into a foreign enclave, the same as if you are stepping into a foreign embassy and you will be under the jurisdiction of that flag. The flag with the gold or yellow fringe has no constitution, no laws, and no rules of court, and is not recognized by any nation on the earth, and is foreign to you and the United States of America. more information


Martial Law Flag "Pursuant to 4 U.S.C. chapter 1, §§1, 2, & 3; Executive Order 10834, August 21, 1959; 24 F.R.6865; a military flag is a flag that resembles the regular flag of the United States, except that it has a YELLOW FRINGE border on three sides. The President of the United States designates this deviation from the regular flag, by executive order, and in his capacity as Commander-in-Chief of the military. The placing of a fringe on the national flag, the dimensions of the flag and the arrangement of the stars in the union are matters of detail not controlled by statute, but are within the discretion of the President as Commander in Chief of the Army and Navy." 34 Ops. Atty. Gen. 83.

President, Dwight David Eisenhower, by Executive Order No.10834, signed on August 21, 1959 and printed in the Federal Register at 24 F.R. 6865, pursuant to law, stated that: "A military flag is a flag that resembles the regular flag of the United States, except that it has a yellow fringe border on three sides."

Seer's picture

Ah, the answer to secret powers!  All I need to do is drape myself with a sheet that is trimmed with a gold fringe and INSTANT MAGIC CLOAKING DEVICE!

Don't shoot someone in the back.

Don't shoot someone who is unarmed.

Don't shoot civilians.

And now the drones fly... anyone really think that our contracts/laws are worth a shit any more?

Those in power will call the game as long as that game is serving their interest (delivering them power).  When the game no longer works for them they will trim the flag with some other color...

Bad Attitude's picture

Adverse Possession has its origins in English Common Law, not maritime law. See http://en.m.wikipedia.org/wiki/Adverse_possession

Milestones's picture

Scrappy, excellent referene post that I have saved. Thank you mucho.            MIlestones

mrdenis's picture

I hear ya' talking ......

youngman's picture

In the new normal...he will go to Bank  of America and get a loan.....using the house as collateral....see how easy (stupid) it is

NumNutt's picture

Hmm, well shit how about I just stop paying my mortgage, and then file a "adverse Possesion" document? Free house? Shit I am already paying the property taxes, what could go wrong? I could tie this up in the court system easily for 7 years.....

CPL's picture

Start his goat farm in fiji with his cat.

caconhma's picture

Here we come again: in America, you are fucking idiot if you are working and paying your bills.

To get ahead in America one must be a low-life thief and a scoundrel. It is that simple.

Lordflin's picture

You could be right. I use to think, as an additional requirement, that you had to be connected.

BKbroiler's picture

Here is a savings plan, it's called HARD KNOCKS:

Instaed of going to college, get 2 minimum wage trade apprentice jobs to make 24K per year for 4 years:

$7.50 X40 = $300/week X 4 = $1200/month - $200 taxes = $1000 X 2 jobs = $2000/month

It requires working 80 hours a week which is a heavy load but managable for a young person

Spend no more than $500 on rent, 250 on groceriers, $50 on internet, $50 on phone service, $50 on transportation, $100 on all else

Spend 1K total, Save 1K.  After 4 years of "college" you have a trade skill and $50K in the bank.

Teamtc321's picture

"$50 on transportation"


Plan on riding a moped in the snow to work, two shifts a day?

BKbroiler's picture

not nearly as bad as the mandated military service most countries had until a few decades ago, which was also 4 years.  the point is,hard work pays and you can save enough money even with 2 minimum wage jobs to pull yourself out of the shit if you're an ambitious person..  

Teamtc321's picture

Point noted and I completely agree. 

zhandax's picture

You left out what to do with that 50K.  After all, the lot featured above, with the more modest house which was razed for Templo de Kamisamar, sold for around $29K in the 50's-60's transition. 

Real Estate Geek's picture

and apparently if you're REALLY ambitious, you don't need to pay $500 for rent!.

Seer's picture

Control of expenses is THE key.

merizobeach's picture

Bullshit.  Just earn more money.  I don't give a fuck about my expenses.  Sashimi everyday if I feel like it, bitchez.

ForTheWorld's picture

Your hypothetical situation has a few issues:

  1. There needs to be two trade apprentice jobs available, and neither can have overlapping hours, otherwise the monthly income will be reduced.
  2. 80 hours a week of work, plus 56 hours of sleep, minus 10 hours of travel (VERY conservative estimate) each week leaves 22 hours of the week to have breakfast, dinner, bathe, go shopping for food and other things. Or, in other words, 3.14 hours per day.
  3. Your situation assumes that absolutely nothing else happens (vehicle or medical problems being the most common). If something happens, savings take a hit, as well as hours worked, and thus loss of income.

I've worked some pretty crappy jobs just to get by in tough times, and I think working hard does a person good, but I think you're being quite myopic with this outdated hypothesis. There used to be opportunity to participate in multiple apprenticeships, but now that housing starts are down (thus requiring fewer builders, electricians, plumbers, concreters etc.), and (anecdotally) people are starting to do their own repairs, tradespeople are in lower demand, so those already established aren't going to take on apprectices when they could contract out to an already experienced guy for the same wage and get the job done much quicker.

I'm not making excuses for lazy people, I'm just saying it isn't as cut and dry as you suggest. I'd be more inclined to suggest someone works 40 to 50 hours a week (if they can even get the work), and then spend the rest of the time growing their own food to reduce, or almost eliminate, their food bill.

mess nonster's picture

And besides, after all that hard work, what are you going to do with the 50 G's? Buy a... what? What the fuck can you do with only 50,000 dollars? Bubble gum? It's a fucking joke. I would rather study the culture of Goldman Sachs, run up my credit card on a nice suit and a fake resume, and lie my way into that gig. Either that or just be a bum and live out of the overflowing dumpsters. Hard work will get you nowhere.

A Nanny Moose's picture

You can buy a couple properties in that shithole known as Detroit.

Kickaha's picture

"...a couple..."?  You could buy 50 homes.

merizobeach's picture

Working for other people will get you nowhere.  Hard work building your own company makes you king.

YC2's picture

he is giving other people advice, he obviously knows best and doesn't have to actually DO what he is saying.

now we will have to listen to him tell us about how he had it just as bad as his 2 jobs living on the wrong side of the tracks fantasy he has for someone else

Vendetta's picture

Has anyone in these threads actually worked 80 plus hour work weeks for an extended period of time?  It sure doesn't sound like it, I have for as long as 2 years and it is simply brutal (range 75 to 98 a week).  Item 2 on ForTheWorld's list is key, I was so tired (after a mere 18 hour day... having done stretches to 26 hours straight) that I skipped eating just so I could sleep.... then had to wake up 4 hours later.  I also did not have but a few scant days off, by the time the program was over my mind was half there and it took many months to actually recover.  Do it for 4 years to save 50k, buy a truck for $40k to $48k whoopeee ... possible but who would really want to...  just proves how worthless money has become with our 'low inflation' regime.  Its a modest down payment for an overpriced existing home that cost $11,800 brand new in 1958 and is now $375k in the cheaper areas of the country's larger cities.

merizobeach's picture

Yeah, when I was 20-21: 80 to 100 hours per week as a political activist coordinator.  Six to ten weeks on, then a week or two break.  And for shit money.  Learned a lot, though.  (One thing: never fucking do that again!)  And anyway, medical marijuana was legalized in the four states I worked it.  Congressional term limits, not so much.  (Fuck you, Tom Foley.) 

Seer's picture

"I'm just saying it isn't as cut and dry as you suggest."

Yes, this is why my favorite two words are: "It depends."

As we know, it's not that there aren't enough jobs/work, it's whether they pay enough to cover one's expenses.  As I've said, controlling expenses is KEY.  I believe that there will be LOTS of farming jobs coming around.

merizobeach's picture

The jobs pay enough if you're competent enough to get a well-paying job.  'Controlling your expenses' is for people who have low-ceiling potential earnings.

BlueCheeseBandit's picture

I think a large part of the reason people aren't working as hard today is that hard work isn't paying off, in the most basic way. We've been seeing more and more that whatever you have, the government can take away, through inflation or more directly. That's a big part of the reason 3d world countries are the way they are. Weak property rights cause the unconnected masses to say fuck it and live for the moment. Not a recipe for large scale economic progress.

thomasincincy's picture

What exactly do you classify as a "low-life thief and a scoundrel"?

fnordfnordfnord's picture

Low-life thief and scoundrel is just a nice way to say "banker".

Swarmee's picture

Not that I necessarily disagree with you, but wouldn't it be more appropriate to classify a banker as a high-life thief and scoundrel?

The crappy morals are the same but quality of life seems much higher in one vs the other.

Oh regional Indian's picture

My sentiments exactly. I was thinking of all the High-life thieves and mansioned scoundrels that abound, world-wide.

Doing far more damage to far more people than good ole Low-key here.

He is just fucking with the corrupt system.

And Broward county to boot. It seems to be a key county, always in the news, for all the wrong reasons since 2000.


fallst's picture

Palm Beach County , Not Broward, Indian Regional Oh guy you...but I digress...


This shit is fucked up


So What Happened with the Obama MERS bendOver....still not happening....

Humpty cannot possibly be put back ever together again folks..


They destroyed Real Estate...and Many Lives....

If this kid pulls this off, which is very possible, Look Out Below...

merizobeach's picture

Let's see, the kid is 23..  Seven years until he claims title...  I'll put a little money on 'he doesn't live til 30'.

mess nonster's picture

uh... someone who recognizes that the elite aren't keeping their end of the social contract? I hope Loki makes it the whole 7 years. Fuck em if they can't take it, they can sure dish it out though. Serves the lying avaricious rat-bastards right.

o2sd's picture

To get ahead in America one must be a low-life thief and a scoundrel. It is that simple.

Necessary, but not sufficient. You also need a suit and tie.