• Man, 23, squats in $2.5M Florida mansion; Sites adverse possession law

    Updated:

    BOCA RATON, Fla. - A 23-year-old man has been living in a $2.5 million Florida mansion -- one he didn’t have to pay a single dollar for.

    The structure was foreclosed on in 2005 by Bank of America.  In July, the man broke into the 7,000-square-foot home and moved in.

    An adverse possession law states that people can claim a piece of real estate once they have lived there for seven years.

    Since no one witnessed him break an entry to the mansion, the man cannot be arrested.

    Bank of America said that they are following legal processes to reclaim the property. 

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