Difference between revisions of "Georgia Ethics Code Does Not Apply To Fulton Judges"
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Georgia Ethics Code Does Not Apply To Fulton Judges (view source)
Revision as of 15:44, 28 March 2023
, 15:44, 28 March 2023→Looks Like Mortgage Fraud, Smells Like Mortgage Fraud
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==Looks Like Mortgage Fraud, Smells Like Mortgage Fraud== | ==Looks Like Mortgage Fraud, Smells Like Mortgage Fraud== | ||
It'd be easy to write this | It'd be easy to write this all off as an act of "greed" in light of a ''hot'' real estate market. But Navigating Justice's investigative team has uncovered information that paints a much different, darker picture. Here's what we know: | ||
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1. On May 17, 2020, Derrick Jackson entered into a | 1. On May 17, 2020, Derrick Jackson entered into a | ||
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5. In light of the above, as of October 1, 2020, the McCrackens had roughly $130,000 in payments from Derrick Jackson. | 5. In light of the above, as of October 1, 2020, the McCrackens had roughly $130,000 in payments from Derrick Jackson. | ||
6. On October 20, 2020, the McCrackens purchased a home for $630,000 with a down payment of $130,000, roughly the amount gained from Jackson for the sale agreement. | 6. On October 20, 2020, the McCrackens purchased a home for $630,000 with a down payment of $130,000, roughly the total amount gained from Jackson for the sale agreement. | ||
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In light of the above, it is crystal clear that $130,000 paid by Derrick Jackson was reinvested by McCracken for the sale of real estate, and then $45,000 in 2021 | In light of the above, it is crystal clear that $130,000 paid by Derrick Jackson was reinvested by McCracken for the sale of Florida real estate, and then the $45,000 in 2021 that should have gone toward property taxes went toward the purchase of a Mercedes Benz. All the while McCracken claimed that he owed Bank of America $1.8 million, which Jackson came later to find out was $300,000 more than the debt amount shown on the Security Deed for the Property ($1.52 million). | ||
All that being said, what at first glance appeared to be the result of simple greed, turns out to be an act of necessity. The McCrackens as a matter of fact cannot catch up on their mortgage unless they sell to a fresh buyer for the full price. | All that being said, what at first glance appeared to be the result of simple greed, turns out to be an act of necessity. The McCrackens as a matter of fact cannot catch up on their mortgage unless they sell to a fresh buyer for the full price. Thus, they have no choice but to renege on their contract with Jackson making a "staged" eviction their only chance out of debt with the mortgage company. And with the help of the Fulton County Superior Court bench, the McCrackens may very well succeed. | ||
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