More Trouble For Missouri "Contract For Deed" Operator As Homeowners File Federal Suit Seeking $60M In Damages

In Springfield, Missouri, the Springfield News Leader reports:

• A Nixa couple and a Nixa man sued by Greenleaf Cos. of Springfield for not paying rent have in turn sued Greenleaf and its affiliates in federal court, saying they have engaged in real estate fraud and conspiracy.

• Timothy and Marcia Thompson, as well as Donald Wright, filed separate suits Monday in the U.S. District Court Western District of Missouri. The Thompsons are seeking $10 million in punitive damages against the defendants, while Wright is demanding $50 million.

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• Both the Thompsons and Wright bought their homes in Nixa from Greenleaf on a contract for deed. [...] In their lawsuit, the Thompsons say they bought their home from Greenleaf in December 2007 only to find out accidentally that the home belongs to [alleged straw buyer] Robert Marti. In June, the Thompsons learned of an impending foreclosure on their home, according to court documents. [...] Wright made similar allegations in his lawsuit.

For more, see Greenleaf sued for millions in new cases (Company partner says legal action groundless).

Go here for other "contract for deed" problems involving Greenleaf and The Real Estate Co.

For more on problems with "Contract for Deed," "Rent To Own", and "Lease / Option" real estate deals, go here and go here. Arkansas