Neighbors said they wished the bank had taken action sooner.

"Today is relaxing because we know it's over," said Art Grossman. "We've worked all our life to get where we are and a young kid comes in and pulls some strings and all the sudden he ends up with a house free of charge?"

"I think it's ethically morally challenged, and I also think this kid picked the wrong neighborhood," said Mike Aviron.

"Had Bank of America done what they did today six weeks ago, it wouldn't have gone this far," said Grossman.

If Barbosa or anyone else returns to the mansion, they could be charged with trespassing, say police.