Ooooh. I see a reality show in the offing: sort of a Dog The Bounty Hunter meets This Old House! Count me in!

GWB on January 25, 2013 at 10:40 AM

It wouldn’t be very interesting. Trust me, going to court and then having the county Sheriff show up doesn’t make for good TV.

If anything, I would offer BofA 10 cents on the dollar for their interest and evict the guy myself.

RadClown on January 25, 2013 at 10:35 AM

Ooooh. I see a reality show in the offing: sort of a Dog The Bounty Hunter meets This Old House! Count me in!

Who’s going to give him a loan? He’s a year and a half into a seven year quest… If he’s got the resources to order in for 5 and 1/2 years, it’s not cheap.

rbj on January 25, 2013 at 10:21 AM

That’s right. Legalities aside, no lender or investor would touch this with a ten foot pole. There’s plenty of less risky and cheaper ways to buy foreclosures than this mess. If anything, I would offer BofA 10 cents on the dollar for their interest and evict the guy myself.

At least it’s a dry heat.

Odysseus on January 25, 2013 at 8:50 AM

Not in Florida, it ain’t!

All he needs is a bridge loan to finance all the costs of quieting title and he can then sell it for about $2M in pre-income tax profit.

blammm on January 25, 2013 at 9:49 AM

Who’s going to give him a loan? He’s a year and a half into a seven year quest. The second he physically leaves the property, to go get groceries or clothes or whatever, if I’m the bank I board it back up and have security watching for him to break and enter. With video, which I can bring to the police.

If he’s got the resources to order in for 5 and 1/2 years, it’s not cheap.

The police can’t move him. No one saw him breaking into the 5-bedroom house, so it’s a civil matter.

This is the dumbest thing I’ve ever heard of. The place doesn’t belong to him and yet he’s in there. How else could he have gotten in there other than to break in?

All he needs is a bridge loan to finance all the costs of quieting title and he can then sell it for about $2M in pre-income tax profit.

blammm on January 25, 2013 at 9:49 AM

That won’t work because he has no claim to title. You can’t just walk onto any vacant property and take it by adverse possession unless you have some sort of documentation that shows, or appears to show a right to title. He doesn’t have that and has nothing to sell.

Here in Texas, they’ve thrown people in jail for breaking and and entering, burglary, and grand larceny for attempting to use adverse possession to scam their way into homes.

Ward Cleaver on January 25, 2013 at 9:34 AM

I’m surprised squatters in Texas aren’t simply found perforated by bullet holes and nobody has any idea whodunit.

Unless this guy wants to spend a fortune in taxes and legal fees, he’s not going to be there much longer.

RadClown on January 25, 2013 at 9:06 AM

All he needs is a bridge loan to finance all the costs of quieting title and he can then sell it for about $2M in pre-income tax profit.

Do you know in places these people have destroyed the property? Property that does not belong to them. And they take things. THAT alone is stealing.

Bank of America, once again sounds like the enabler of social justice schemes. Them, with their board full of Clinton Administration hacks.

Do you notice, this criminal has decided to squat in a fine neighborhood with law abiding people? He couldn’t choose some obscure ranch house in forclosure…Because He Is Greedy.