Extreme Home Takeover: Dubious Deeds Used to Scoop Up Florida Properties

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Extreme home takeover: dubious deeds used to scoop up Dade properties

Scavenging the remnants of South Florida’s housing crisis, a partnership called Presscott Rosche appeared to gobble up almost three dozen foreclosed homes in Miami-Dade County last year. The company is currently listed as the owner of 12 homes worth about $3.5 million, according to the Miami-Dade property appraiser.

But this seemingly thriving business is, in many ways, an illusion. The name of the company’s agent listed in state records is fake. So are many of the deeds the company has filed in Miami-Dade Circuit Court to stake its claim to more than 30 houses and condos, a Miami Herald investigation has found.

The company has gained control of these homes — renting them out to unsuspecting tenants, in some cases — by filing dubious deeds and documents filled with legal-sounding jargon and shoddy punctuation. The author of many of these documents calls himself an “attorney in fact,” though he is not, in fact, a licensed attorney in Florida.

“I never saw anything like that. It wasn’t even spelled right,” said Shelley Hallen, an actual attorney who beat back Presscott Rosche’s efforts to evict four college students from a Coral Gables house last fall.

Rest here…

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4closureFraud.org

 

Comments
2 Responses to “Extreme Home Takeover: Dubious Deeds Used to Scoop Up Florida Properties”
  1. Jay Chong says:

    The shame is that this is nothing new. This is exactly the kind of business tactic which got us into this recession in the first place.

  2. charley rice says:

    Fraud and Clouded Titles don’t mix… There is no timelines on the statue of limitations of fraud. I wouldn’t be surprised when the homeowner comes back to reclaim his/her property. You will have No standing…

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