Favorable Plaintiff Settlement of Real Estate Fraud and Conspiracy Claims
Summary of Claims
Our elder client suffered from health issues that caused him to get behind on his HOA dues. The HOA foreclosed on his property but client alleged that the foreclosure was invalid. The HOA and Client entered into a settlement agreement whereby the HOA would sell the property for fair market value and pay out Client the equity he had accumulated over the past 30 years. The HOA hired a broker who sold the property to his parents at a windfall and never even listed the property for sale on the MLS. The HOA Vice President borrowed money from the broker’s parents to pay off IRS debt. Client claimed that there was a conspiracy between the HOA, the broker, and the broker’s parents to cheat client out of his equity.
Procedural History
We filed suit on behalf of our Plaintiff client in the Orange County Superior Court for fraud, aiding and abetting, conspiracy, tortious interference with prospective economic advantage, elder abuse, and other claims.
Result
About 30 days before trial, we obtained a settlement for our client that was 3x the actual damages suffered by the client.
