Last week we spoke about the mansion that was being occupied by a Boca Raton man. Recall that he was claiming rightful ownership of the home through Florida’s adverse possession laws. Last week, there was a report of a woman in Palm Beach County staking her rights under the same adverse possession laws. Here is the kicker, not only did she possess the home, she rented it out to unsuspecting tenants on Craigslist and pocketed more than $13,000 in the process! Unfortunately, for her, just like the man in Boca Raton, her plan was foiled short of the seven (7) year statutory requirement. Read the article below for more information. Read the rest of this entry
Every first year law student has learned about adverse possession while in law school. Most of them, maybe only momentarily, had thoughts of grandeur. Thoughts of “owning” a beautiful piece of property for doing nothing more than trespassing, paying some taxes, and making themselves at home. Read the rest of this entry
Bogus letters result in $10 million in losses
Local homeowners and title insurance companies are being warned about possible mortgage fraud that involves bogus short sale approval letters from Bank of America.
Attorneys’ Title Fund Services, one of the largest title insurance underwriters in Florida, sent an alert last week, saying scammers are mimicking the lending giant’s approval letters, including similar language and the bank’s logo. Read the rest of this entry