More On Collapse Of Florida Escrow Company; Over $3M Estimated In Missing Real Estate Deposits

(revised 9-19-07)
On Florida's Treasure Coast, TC Palm reports:

• Realtors and brokers in Indian River County are in a closed door meeting at the Quail Valley Boat House discussing the collapse of Ira C. Hatch’s Coastal Escrow Services Inc.
  About two dozen Realtors are in attendance. [...] Hatch shut down Coastal Escrow Services earlier this month, leaving real estate agents, businesses and consumers without their deposits on real estate transactions and property leases. The Vero Beach Police Department has estimated that more than $3 million is not available to customers. No charges have been filed against Hatch or any of his associates and no one has been arrested.

For more, see Realtors, brokers in Indian River Co. meeting on collapse of escrow service.

See also, Former Hatch customers sue for $222,750 (TC Palm - 9-18-07).

In a related story regarding today's disbarment hearing regarding Ira Hatch's law license, see Florida Supreme Court to hear Hatch disbarment. Go here for a copy of Ira C. Hatch's consent to disbarment filed with the Florida Supreme Court.

Go here for other posts on this investigation.

Go here for stories on other alleged escrow agent mishandling of funds. sneaky slick escrow agents alpha