Florida Man Squats in Multimillion-Dollar Home

A Florida man filed papers claiming "adverse possession" to move in for free.
1:55 | 01/25/13

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Transcript for Florida Man Squats in Multimillion-Dollar Home
Thanks to abbie for that. Now, a hard to believe but true story out of florida. About a man who figured out how to live in a multimillion-dollar mansion for free. He just came in and squatted. And so far, neighbors aren't able to do anything about it. Ron claiborne has the details. Reporter: It's a magnificent mansion in boca raton, florida, worth $2.5 million. But the guy living there these days is paying nothing. He's squatting. And for now, no one can legally get him out. His name is andre barbosa, a 23-year-old native of brazil, seen here on his facebook page. Barbosa moved in last september, after the last owner, unable to keep up with mortgage payments, moved out. There's been so many foreclosures, there's a loss of control of property. Reporter: Incredibly, the squatter filed legal possession, adverse possession, an absecure 19th century law, that allows someone to claim property by occupying it for seven years. Barbosa, whose nickname is loki, posted this no trespassing notice. His neighbors aren't at all amused. Nobody's happy. Reporter: Adverse possession is legal in all 50 states. Kenneth robinson lived I this $300,000 home in texas for free for eight months before he was finally ousted. In the florida case, bank of america tells abc news, we have filed the appropriate and immediate legal action to have this trespasser removed from the property. In the meantime, this mischievous master of this mansion lives on in luxurious splendor, for free. For "good morning america," ron claiborne, abc news, new york. I guess I just don't get this. There is an owner, the bank. And trespassing is still illegal, correct? Bizarre. We'll find out.

This transcript has been automatically generated and may not be 100% accurate.

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