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 00:53, 29 March 2023
, 00:53, 29 March 2023→Looks Like Mortgage Fraud, Smells Like Mortgage Fraud
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*On September 24, 2020, Jackson paid $13,957.20 in property taxes to the McCrackens. | *On September 24, 2020, Jackson paid $13,957.20 in property taxes to the McCrackens. | ||
*On October 20, 2020, the McCrackens purchased a home for $630,000 with a down payment of $ | *On October 20, 2020, the McCrackens purchased a home for $630,000 in Mount Dora, Florida with a $504,000 promissory note, making a presumed down payment of $126,000. | ||
*In September 2021, the McCrackens hired Paramount Properties Management Group LLC ("Paramount") to collect payments owed to the McCrackens under the leas and the purchase agreements from Jackson. | |||
*On October 6, 2021, Jackson tendered a check for $22,500 to the McCrackens for taxes. | |||
*On October 7, 2021, the McCrackens purchased a $57,250 White Mercedes-Benz GLE SUV. Later that month Jackson tendered an additional $22,500 for property taxes (totaling $45,000 paid to the McCrackens in property taxes for 2021). | |||
*On January 24, 2022, Paramount jumped the gun on the eviction process against Jackson and still refuse to drop the case despite Paramount not even being Jackson's landlord. | |||
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===Conclusion=== | ===Conclusion=== | ||
Considering the above, it appears that the McCrackens fed their vane desires with large purchases whenever Jackson paid to them unusually large sums of money required by the agreements between the two parties. All the while Mike 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). Bank of America, completely unaware of the of the purchase agreement, later transferred the mortgage to First Key Bank in January of 2021. | |||
All that being said, what at first glance appeared to be the result of simple greed, | All that being said, what at first glance appeared to be the result of simple greed, may likely be an act of necessity. It appears that the McCrackens as a matter of fact cannot catch up on their mortgage (now owned by First Key) 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 unsuspecting mortgage company. And with the help of the Fulton County Superior Court bench, the McCrackens may very well succeed. | ||
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