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 00:59, 29 March 2023
, 00:59, 29 March 2023→Looks Like Mortgage Fraud, Smells Like Mortgage Fraud
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*On May 17, 2020, Derrick Jackson entered into a Lease for Residential Property with Julie and Mike McCracken requiring that Jackson pay $15,000 per month in rent for Jackson and his children to reside at 955 Tiverton Lane, Johns Creek, GA. | *On May 17, 2020, Derrick Jackson entered into a Lease for Residential Property with Julie and Mike McCracken requiring that Jackson pay $15,000 per month in rent for Jackson and his children to reside at 955 Tiverton Lane, Johns Creek, GA. | ||
*On May 18, 2020, Derrick Jackson entered into Purchase And Sale Agreement depositing $100,000, plus rolling over $10,000 from a previous agreement with the McCrackens. | *On May 18, 2020, Derrick Jackson entered into Purchase And Sale Agreement depositing $100,000, plus rolling over $10,000 from a previous agreement with the McCrackens. At the time, Bank of America was the mortgagor to the Property and Mike McCracken, the mortgagee, was adamant that Bank of America not know about the Purchase And Sale Agreement. | ||
*On May 25, 2020, Derrick Jackson gave an additional $15,000 for The Country Club of the South homeowners membership, though Jackson later learned that the actual Club cost was only $7,500. | *On May 25, 2020, Derrick Jackson gave an additional $15,000 for The Country Club of the South homeowners membership, though Jackson later learned that the actual Club cost was only $7,500. | ||
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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. | 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 (which showed $1.52 million). Bank of America, completely unaware of the of the purchase agreement described above, 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, was more likely an act of necessity. If it is true that the McCrackens cannot catch up on their mortgage (now owned by First Key), the McCrackens have no choice but to renege on their Purchase And Sale Agreement with Jackson and sell the property to a fresh buyer, making a "staged" eviction their ONLY chance out of debt with the unsuspecting First Key mortgagor. And with the help of the Fulton County Superior Court bench, the McCrackens may very well succeed. | ||
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