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Old 10-16-2011, 01:24 PM
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Default How to catch a dishonest real estate/mortgage...

...broker? The court ruled in our favor and granted us a very large money judgment against a man who works as an independent mortgage broker and an independent real estate agent/broker. We have tried mediation, payment plans, working with this man's attorney, but so far have collected exactly $0.00. It is up to us, not the court, to collect the judgments--we found this out the hard way.We would like very much to collect this, as it totals over $100,000.00, but since he is self-employed, and very disinterested in these court orders, it has so far been impossible. This man does all his business through a "LLC" corporation owned in partnership, so his checking account and business are all exempt from collection efforts. This man has not filed personal taxes for many years, seemingly with no consequence, and does all his personal banking through the business checking account. All his personal assets are held in the names of his family members. We have been to several attorneys trying to get this resolved, and repeatedly we have been told if we can determine when he is going to close a real estate or mortgage transaction, we can garnish the commissions until the judgment is satisfied. Even if we were able to know what mortgages he has already closed, this information would be useful to the courts, since it was proven he takes his commission checks directly to the issuing banks and cashes them, so that the income cannot be credited to his business checking account. We were told by our own mortgage broker that she herself only received two 1099's last year out of the 20 loans she closed, and she has no confidence that the IRS has full knowledge of most mortgage broker activities.Does anyone have any way of tracking what a mortgage broker closes? Is there any public record which identifies the name of the mortgage broker? Or some record with the state? How can we get one step ahead of this guy? How do we catch this sleazebag and get back what we are rightfully and legally owed???Help!
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