Welcome to our Blog focused on Real Estate news in the Ft Lauderdale market and surrounding area including Wilton Manors, Oakland Park, Pompano Beach and Fort Lauderdale Beach.
The luxury home "squatter" who famously made headlines the past few weeks has been officially evicted by the property owner, Bank of America. A 23 year-old man temporarily enforced a long standing Florida law called "adverse possession." Adverse possession allows someone to gain title to a property if he or she is living there openly, maintaining the property and paying the taxes. The property is located in Boca Raton, Florida, a City approximately 20 miles north of Fort Lauderdale. The waterfront property was over 7,000 square feet and estimated to be worth $2.5 million.
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