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Updated: 6:13 PM Sep 29, 2009
Blount County man says he was scammed out of his property
When it comes to saving your home from foreclosure some people will do anything to save their credit.
But watch out for scams.
Posted: 6:14 PM Sep 29, 2009Reporter: Stephen McLamb Email Address: Stephen.McLamb@wvlt-tv.com |
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FRIENDSVILLE, Tenn. (WVLT) -- When it comes to saving your home from foreclosure some people will do anything to save their credit.
But watch out for scams.
One in Blount County is costing a seller and now a new buyer thousands.
Bill and Edna Seal are trying to close on a home but they can't because the title's not clear.
Now bring in Joe Turner.
Last year, his home was being foreclosed.
A man claiming to be a real estate agent came forward to help save Turner's credit.
All he'd have to do was sign some paperwork for a short sell.
That was turner's first mistake.
"Basically it's almost the dream that I'd been dreaming about for the last probably 20 years," says Bill Seal.
Bill Seal is paralyzed from a car accident.
His wife, Edna, is undergoing cancer surgery and treatment.
So finding this home on Disco Loop Road in Friendsville in January was just what the doctor ordered to help them get out of their RV and deal with their health situations.
But when they went to close in August...
"The owner doesn't own the house anymore. Somebody's got the house tied up," says Seal.
They couldn't get a clear title.
"I believe it's just a scam and fraudulent way of they are making money," says Turner.
Joe Turner owns the home, or at least thought he did.
Just a few months before the Seals came into the picture, he remembered being approached by Rick Winters claiming to be with JC Properties wanting to keep his home from going into foreclosure.
"He was going to purchase the property and I would save my credit," says Turner.
But JC Properties never purchased the home.
Instead, Turner later learned the paperwork he signed last fall wasn't to negotiate with his mortgage lender but instead was a warranty deed transferring his property.
"We got a real buyer and now he wants 55 hundred dollars to sign off on it for nothing," says Turner.
Now, Bill Seal can't walk away from his dream home after spending close to 10-thousand bringing it up to code so his loan would be approved.
Been sitting here since basically since January and still cant get a closing date because there are title issues," says Seal.
So what can you learn from this?
Real estate agents say make sure you have a licensed Realtor, and/or an attorney present to read any paperwork before you sign.
And if you're not sure if the Realtor is real just ask to see his license and check it with the state.
We just talked to Rick Winters.
He won't comment on the matter but says he's working to get the property back to Turner.
Latest Comments
Real Estate agents don't do a title search. That is why you use a title company. The best thing you can do is have a lawyer look over anything you need to sign.
Why wouldn't the real estate agent who sold the house to the Seal's make them aware of this problem before buying the land? You would think they would have done a title search before they put the house on the market.
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