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Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Friday, September 6, 2013

Shady Foreclosure Investors Commit Fraud

Small_House_in_Ste_Genevieve_MO

A Denver judge recently ruled investor Bill Hoff of We Buy Ugly Houses acted fraudulently to obtain the home of Isaac Tyler.

Tyler died last year, leaving his house behind to his three sons, who he never formally adopted.  The eldest son was in prison, which left sons Tyrone and Spencer to deal with the home.  Against Tyrone’s wishes, Spencer wished to sell the home.  After Spencer quit making mortgage payments and received a foreclosure notice, Bill Hoff and Sverre Jensen offered Spencer $5,000 cash with the promise of $12,000 more once they sold the house.  Hoff soon became the new owner of the home, valued at $161,000, after forging Tyler’s misspelled name on a document.

See David Olinger, Denver Judge Finds Fraud in Sale of Dead Man’s House, The Denver Post, Aug. 29, 2013.

http://lawprofessors.typepad.com/trusts_estates_prof/2013/09/shady-foreclosure-investors-commit-fraud.html

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