FBI Investigate NY Attorney For Alleged $600,000+ Theft Of Home Sale Proceeds
(orig. post 12-11-06; revised 6-28-07)
A Queens, NY single mother, who successfully sold her home for $678,000, reportedly received over $600,000 in bad checks from the home buyer's attorney at the sale closing and now no longer owns the home and has no sale proceeds, according to this report at thejournalnews.com (The Journal News - Westchester, NY).
The alleged victim, who used her earnings from working two jobs (as a waitress & bokkeeper) to build up the equity in her home, was planning on starting a new life in Orlando, FL. Unfortunately, checks totaling over $300,000 paid to her directly, as well as a check for $286,000 paid to the mortgage company on her behalf to satisfy the outstanding mortgage on her Queens home bounced.
She now finds herself making monthly payments on her Orlando home as she struggles to continue paying the mortgage on the Queens home that she no longer owns.
The FBI and the United States Attorney's Office are investigating.
Reportedly, there is one other incident involving the disbursement of bad checks by this same attorney. A real estate agent involved in the other incident claimed that he received a $10,000 bad check, his client's $20,000 check was no good, and the title company involved in the real estate closing lost more than $100,000 through bad checks received from the same attorney.
Click here for the full story.
A Queens, NY single mother, who successfully sold her home for $678,000, reportedly received over $600,000 in bad checks from the home buyer's attorney at the sale closing and now no longer owns the home and has no sale proceeds, according to this report at thejournalnews.com (The Journal News - Westchester, NY).
The alleged victim, who used her earnings from working two jobs (as a waitress & bokkeeper) to build up the equity in her home, was planning on starting a new life in Orlando, FL. Unfortunately, checks totaling over $300,000 paid to her directly, as well as a check for $286,000 paid to the mortgage company on her behalf to satisfy the outstanding mortgage on her Queens home bounced.
She now finds herself making monthly payments on her Orlando home as she struggles to continue paying the mortgage on the Queens home that she no longer owns.
The FBI and the United States Attorney's Office are investigating.
Reportedly, there is one other incident involving the disbursement of bad checks by this same attorney. A real estate agent involved in the other incident claimed that he received a $10,000 bad check, his client's $20,000 check was no good, and the title company involved in the real estate closing lost more than $100,000 through bad checks received from the same attorney.
Click here for the full story.
posted by Home Equity Theft Reporter at 1:59 PM
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