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Caught in a Fraud |
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Back in October 2007 I was offered a "great deal" to purchase a 1.5M house with only $10000 down.
1 month after signing the buyers agreement, and sending all my info(SS#,DL#,etc.)I got a call from the person who was so to speak "helping" me with this purchaise,informing me, that the deal does not go through, because banks don’t want to approve me for a loan, and my deposit was returned. So far so good...Then, this May I've received an e-mail from the real-state company stating that they will be e-mailing me a Grand Deed for the property, that I own ,and for me to sign notarize it and send it back to them. I called them and complained that there should not be ANY property under my name ,because sale did not go through, they said-nope,the sale did not, but the owner of the property give you the house as a gift!!! I was shocked, at the beginning I though that it was some kind of philanthropic move, but then after doing some research, I realized that the house actually has 3(!) outstanding loans to the amount of $1.15 M,last one was pulled just 1.5 week before so called” GIFT",in the amount of $350K.In the meantime, this RE company were keep harassing me to sign the grand deed and return it to them ASAP, so they could remove the house from my name, looks like they miscalculated something in this scam, and that something is THE VALUE of the houses suddenly were going up again, so now they want the DEED back. I don’t think so..
Anyway, my question is: there is someone living in this house, and was paying the mortgage prior to turning it to me as a gift, CAN I REMOVE THIS PERSON BY THE LAW
THANK YOU,
SAM.
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Forget about that. It's the least of your worries. And how could you sell a house that's burdened with more than a million dollars' worth of loans anyhow?
It's too bad you signed receipt of that deed, cooperating nicely in the fraud. Surely you know that if it seems to good to be true there's something bad going on. You don't get anything for nothing--except that in this case what you got was much more trouble than you realize.
It's possible the original owner, who was in financial trouble, has been allowed to stay on as a rent-paying tenant. Meanwhile, someone has made a few mortgage payments to give themselves time to run off to Brazil with all that mortgage money. Well, not all of it. Some was probably shared with a obliging appraiser and a crooked loan officer.
Talk to a real estate lawyer right away. Your credit rating and your assets are at risk. Your identity was stolen, your signature was forged, your name and information were used to help someone get hold of all that mortgage money.
This should be reported immediately to the attorney general of your state, and if the house is located elsewhere, in that state also. Your lawyer will know who else should be involved.
You're going to have quite a time before this mess is cleared up. |
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Originally published on June 5, 2008 |
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