Flickr.com PhotoJeanie Hoholik provided some interesting information tonight which touches upon one of my favorite subjects: the T.J. Waconia mortgage fraudsters. A document which quite properly came into Jeanie's hands provides some interesting insight about how much the T.J. Waconia scandal continues to cost the City of Minneapolis...
Regular Johnny Northside readers are familiar with Jennifer The Flipper, who managed to jump through some relatively minor bureacratic hoops and buy a T.J. Waconia house, which is now renovated and back on the market, click here.
Recently, Jenny received two letters from the City of Minneapolis Inspections Division, with some relatively minor assessments...mere pocket change. The minor assessments weren't alarming at all, but there was some kind of invoice attached to the document. Jennifer didn't know she was merely being cc'd and wasn't expected to pay thousands of dollars in lawyer invoices from Oppenheimer, Wolff & Donnelly, LLP.
What were some of the services and expenses? Here are some samples:
* 9/22/08 Two telephone conferences with Gruver, draft email to Hedberg regarding 3710 Morgan, exchange multiple emails with Gruver, review proposed sales. 1.9 (hours?) for a total of $864.50.
* 9/30/08 Telephone conference with Gruver regarding proposed sale, draft approval letter. 0.40 (hours?) $182.00.
* 08/04/08 Review Suntrust response to contempt motion. (...) (And much more) 7.10 (hours?) $3,230.50.
* There are references to multiple calls and emails to "buyers" of the houses, but it's not clear whether any of the "buyers" actually purchased the houses in question. Clearly, the invoices reference multiple properties, and are not at all particular to 3306 James Ave. N. The lawyer working on this matter is one Gary Hansen, with everything cc'd to "Family Housing Fund c/o Mary Cullen Yeager" of the law firm "Faegre & Benson."
The documents appear to allude to an ongoing legal situation which is not yet concluded. After looking over the documents--clearly an incomplete, tantalizing piece of something larger--I'm left wondering how much the T.J. Waconia saga is costing the taxpayers on a monthly basis and how that money will be recovered.
Yet another good argument for putting the T.J. Waconia fraudsters under "house arrest" and letting them work off their sentence doing good for the community.
1 comment:
How much money could have been saved had the city simply done more research before filing their lawsuit against T.J. Waconia?
Was Suntrust notified before the suit was filed?
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