Pinto-Bedoya v Yacoob 2019 NY Slip Op 51332(U) Decided on August 14, 2019 Supreme Court, Kings County Rivera, J. is the ridiculous story of how some individuals were conned into getting involved in a mortgage fraud ring. Question: how did the attorneys not know what was going on?
“The Pinto-Bedoya’s complaint bearing Index Number 75822/2008, has alleged the following salient facts. At some time before January 12, 2006, the Yacoobs approached Pinto-Bedoya to enter into a transaction for the purchase of real property located at 2052 East 53 Place, Brooklyn, NY (hereinafter subject property). The Yacoobs made the following representations to Pinto-Bedoya: that Pinto-Bedoya’s credit history would be [*2]utilized to obtain a mortgage for the purchase of the subject property, that she would be both the mortgagor and fee simple owner of the subject property, that the subject property would be purchased at a favorable price and then sold a year later, and that the subject property would be operated and managed by defendant Y & S during pendency of plaintiff’s ownership.
Additionally, the Yacoobs informed Pinto-Bedoya that they would provide an attorney for plaintiff for the closing of the subject property. On January 12, 2006, the Yacoobs informed Pinto-Bedoya that Edwards would be that attorney. At the closing, the Yacoobs and Edwards compelled her to sign a flurry of documents that included, a note and mortgage on the subject property in the sum of $428,000.000, a second note and second mortgage in the sum of $200,000.00, a powers of attorney, and a deed transferring the subject property over to the defendant Y & S.
Through the actions of the defendant acting in concert, plaintiff was defrauded such that she was left solely with the mortgage debts and without ownership of the subject property or anything else.”
“The Pinto-Bedoya’s complaint bearing Index Number 75822/2008, has alleged the following salient facts. At some time before January 12, 2006, the Yacoobs approached Pinto-Bedoya to enter into a transaction for the purchase of real property located at 2052 East 53 Place, Brooklyn, NY (hereinafter subject property). The Yacoobs made the following representations to Pinto-Bedoya: that Pinto-Bedoya’s credit history would be [*2]utilized to obtain a mortgage for the purchase of the subject property, that she would be both the mortgagor and fee simple owner of the subject property, that the subject property would be purchased at a favorable price and then sold a year later, and that the subject property would be operated and managed by defendant Y & S during pendency of plaintiff’s ownership.
Additionally, the Yacoobs informed Pinto-Bedoya that they would provide an attorney for plaintiff for the closing of the subject property. On January 12, 2006, the Yacoobs informed Pinto-Bedoya that Edwards would be that attorney. At the closing, the Yacoobs and Edwards compelled her to sign a flurry of documents that included, a note and mortgage on the subject property in the sum of $428,000.000, a second note and second mortgage in the sum of $200,000.00, a powers of attorney, and a deed transferring the subject property over to the defendant Y & S.
Through the actions of the defendant acting in concert, plaintiff was defrauded such that she was left solely with the mortgage debts and without ownership of the subject property or anything else.”