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Real Estate & Property Law

: The Home Equity Theft Reporter

NY Appeals Court Says "No Way!" To "Overage-Chasing Surplus Snatcher" In Attempt To Grab Excess Sale Proceeds From Jailed Homeowner Facing Foreclosure

By r morris

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From a recent ruling by a New York intermediate appeals court:While incarcerated, Hernandez was visited by a retired New York City detective representing GALF [Gotham Asset Locators Fund, Inc.], who induced him to sign an agreement providing that GALF would receive 50% of any surplus obtained by Hernandez after the foreclosure sale of Hernandez's apartment located in plaintiff's condominium, even

Full post as published by The Home Equity Theft Reporter on March 21, 2010 (boomark / email).

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