Bogus Foreclosure Auction Prices in Orange County Tied to AA Florida Home Buyers LLC, The Seven Secrets Group LLC, CPR Wholesale & Investment Properties LLC, Global Funding & Development Inc., JJJ Family LLLP and UBON LLC

“Overpayment of documentary-stamp taxes was never contemplated in Florida statutes and is not illegal. There is no definitive evidence the investors — or their representatives — deliberately overpaid.”

Um, yea…

Follow up on Orange County | Clerk’s Office aims to stop bogus foreclosure sale prices.

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Most bogus foreclosure auction prices in Orange tied to 6 investor groups

A small group of private investors has overpaid taxes on more than 100 Orange County real-estate purchases since January 2010, artificially inflating recorded sales prices to show the properties sold for $2.77 million more than the investors paid.

The pattern of overpayments — by companies with names such as AA Florida Home Buyers LLC and The Seven Secrets Group LLC — emerged in an Orlando Sentinel review of thousands of foreclosure-auction records kept by the Orange County Clerk of Courts.

The Sentinel analysis of foreclosure-auction sales in 2010 and the first quarter of 2011 found 101 examples of so-called “grossed up” sale prices.

Overpayments of documentary-stamp taxes after the foreclosure sales first came to light in mid-April when the paper became aware of 11 cases. The number of confirmed cases grew nearly tenfold with the review of records.

By overpaying the tax, investors increased the recorded sale prices for their purchases, disguising the eventual profits made when flipping many of the properties to new buyers.

Check out the rest here…

Although the doc stamp practice may not be not illegal, were there not other laws that were broken?

I wonder how the gains on these sales were reported to the IRS?

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4closureFraud.org


Comments
7 Responses to “Bogus Foreclosure Auction Prices in Orange County Tied to AA Florida Home Buyers LLC, The Seven Secrets Group LLC, CPR Wholesale & Investment Properties LLC, Global Funding & Development Inc., JJJ Family LLLP and UBON LLC”
  1. enough already of this b-ll sh-t says:

    every one is with you we are all experiencing fraud. but individually what can we do. i have wells fargo trying to convince the OCC and my senator that they are right and i am wrong. i just got 2 letters one sent to me from the pffice of the president and then get this from a “loan processor” that was already off my case? so i am getting a letter from one loan processor telling me to send financials by may 3rd an this other woman denying all fraud and closing my case??? it seems they are doing evrything to cover up what has occured so they can continue to take my house. where is my justice. how can they say i didnt send my paper work when they have “lost ” it again as has happened by all banks and thousands of people. nothing new just new lies. sad that our govermental entities beleive them an dnot us. i am trully sick to my stomach that i get no defence. why in gods name would i jepordize my house. they act it the letter they help me but no mention hoe long it took becay=use of “lost” paper work. please god help me and my family through lie.

    • nicktortelli says:

      after I reported PNC to my Attorney General, My AG said that after numerous attempts, PNC would not respond to any communication. Then I got an 8 page letter from PNC stating a hundred ways why I was wrong and they were right? They are hoping you will not fight and that you will not investigate the law. Dont give up, that is what they want. If you are on here, you know already that the fraud is rampant, on every level. Some days it is overwhelming b/c it seems that every political official we go to for help, has been in bed with the banks somehow. We need to keep the pressure up, perhaps all we will get is reform, but that will do!

  2. l vent says:

    THEY ARE REALLY JUST DOING WHAT THEY HAVE DONE ALL ALONG, THESE FOREIGN MULTINATIONAL SHEISTERS ARE KEEPING ALL OF THEIR FRAUD IN-HO– USE. THERE IS A NAME FOR THIS. HONOR AMONG THEIVES. THEY HAVE NO HONOR, THEY ARE STILL THE SAME THING THEY ALWAYS WERE, THEY JUST KEEP CHANGING _THEIR DISGUISE_, THEY ARE STILL A MASSIVE ONGOING FOREIGN CRIMINAL ENTERPRISE, THIS IS AN EXTREMELY PERNICOUS DECEPTION, A GIANT SCAM AND A GIANT FRAUD. THEY KEEP COMING UP WITH NEW NAMES AND NEW FACES LIKE THE BAILOUT, TARP, HAMP, LOAN MOD SCAMS,SHORT SALE, DEED-IN-LIEU,CASH FOR KEYS, FRAUDCLOSURE, FRAUDCLOSURE AUCTION. JUST MORE FRAUD TO COVER UP FOR THE ORIGINATION FRAUD. THESE FOREIGN MULTINATIONAL CRIMINALS STILL HAVE NO RIGHTS UNDER THE U.S. CONSTITUTION. NATIONAL SOVERIEGNTY WILL PREVAIL.

  3. It is illegal. There is something that can be done. I do not want to post the remedy here. Contact me. 330.535.9160.

    • l vent says:

      The ENTIRE Foreign Multinational Ponzi scheme was ILLEGAL, this is just a continuation of the fraud and attempts to cover it all up.. It began with the ORIGINATION FRAUD AND THE FRAUDULENT INDUCEMENT OF THE FAKE MORTGAGE. The LIARS LOANS made by the FDIC INSURED, FOREIGN MULTINATIONAL BANKS WERE ILLEGAL. THIS SHOULD CA– USE IMMEDIATE NATIONWIDE LOAN RECISSIONS. EVERY LOAN WAS A LIARS LOAN OR AT LEAST 97% OF THEM.

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