Fight To Successfully Recover Home Stolen, Mortgaged Out From Under Leaves Elderly Couple Exhausted, Out Thousand$ In Legal Fees

In Frostproof, Florida, The Ledger reports:

• An elderly couple whose house in Frostproof was targeted for real estate fraud has reclaimed the home but might never recover money spent in a two-year legal battle. The outcome of a Feb. 5 court hearing means Albert and Nancy Pascell would have to pursue further legal action if they hoped for financial reparations. They are unlikely to do that, despite racking up thousands of dollars in legal bills, said their daughter, Nancy Houle of New York. "My parents are exhausted, both financially and emotionally," said Houle, whose parents are in their late 70s. "It's disrupting our entire lives every single day. We vowed we weren't going to talk about it any more. We're going to move on. We're done."(1)

For more, see Frostproof Deed Fraud Victims Regain Home (Frostproof couple reclaims house but might never recover legal expenses).

(1) According to the story, Polk County property records show two people with Tampa addresses, Maria Blanco and Armando Borges, recorded a quit-claim deed on Nov. 10, 2007, claiming the Pascells, who live part of the year in New York, had granted them ownership of the property. The Pascells said their signatures were forged. The same day the deed was filed, Blanco and Borges secured a $48,000 mortgage on the property, said the Pascells' lawyer, Keith Merritt of Lakeland.

Reportedly, the Pascells sued Blanco and Borges as well as the South Florida mortgage lender, 8 & 62 Corporation Profit Sharing Plan Trust. At a hearing last October in Polk County civil court, Circuit Judge Charles B. Curry voided the fraudulent deed and conveyed title to the Pascells. The Polk County Sheriff's Office has issued two warrants for Blanco's arrest, a spokeswoman said.