Posted on 06/17/2016 6:47:36 PM PDT by drewh
The sister and her husband are Taliban supporters !
What the hell are these creatures doing in the country !
The wife was texting the maniac while he was killed innocent people .
The sister is helping hide the assets .
These crazies plotted away .
And the Dems and the left and Gope traitors talk gun control !
We have been invaded by a stealth
army of Muslim terrorists .
Obama’s FBI & DHS will claim Muslims are just generous, kindly people.
$10 consideration for the transfer was not the price. The property is undoubtedly subject to a loan.
It’s worse.
The sister and husband are terrorist Taliban supporters and are dangerous too.
This isn’t a lone wolf spin.
This is a family terrorist pack.
They were trying to shield assets after the first big attack.
how much did Isis pay them and were is that money right now !
This guy was promised his wife and kid would be taken care of !
Where is that money !
The father have it or the second sister .
It may not have been subject to a loan since it was only quit claimed. The lender, if one was involved, would have had to sign off on the transfer and a lot of times they won’t do that on just a quit claim deed (they’ll require a general warranty deed because of the potential liability in the chain of title). You are absolutely correct on the 10.00 though—that has nothing to do with the sales price. However, if it’s revealed eventually that this was a huge plot and he transferred it in order to avoid pending litigation then it may be deemed a fraudulent transfer—depending on what Florida law says, and I have no idea what it does say. For instance if he was planning on filing for bankruptcy and transferred the property like that, the bankruptcy court would void the transfer. Anyway you slice it, it’s fishy.
What would you make that assurance if ya found out in the afternoon this client had just brutally murdered and maimed over 105 people?
All in on it together... no doubt.
Exactly!
“Hanging. Pay per view.”
Too quick. Stake her to an ant bed. Pay per view.
All a quit claim deed does is convey any interest the “owner” may have. It comes without warranties of any kind. I can give you a quitclaim deed to a bridge. All that does is give you any interest I may have in the bridge, which may be no interest whatsoever.
Whether a warranty or quitclaim is used, the lender does not have to sign off on it to have a valid transfer. The remedy for the lender, if they had a due on sale clause in the note and trust deed, is to call the loan due and foreclose. They don’t always do that.
You are correct that a transfer in contemplation of bankruptcy can cause the transfer to be voided. I do not know about Florida law and whether there was any litigation. Even if there were litigation, if the property was not the subject of the lawsuit, he would probably have been able to transfer the house. If there was pending litigation, unless there was a pre-judgment attachment, there would not be a problem with the transfer.
For the record, I taught California RE Law and Econ in college for 10 years.
The news media is showing a considerable level of ignorance in reporting this. He executed a quit claim deed, which transfers whatever interest he had in the property to the grantees. In the language of the deed is an attestation to consideration - a token amount of payment claimed to be exchanged in support of the transfer. It is often listed as $10, sometimes as $100. It is not the price of the property transferred in the deed.
He may well have gratuitously transferred his interest in the property, and the amount noted was only the stated consideration. Whatever mortgages or other financing liens existed on the property are still attached. Now his estate owes the monthly payments, and unless they are maintained by the estate or the grantees, the secured lenders will foreclose.
It’s astonishing how little the authors and editors of this story know about common real estate transactions, and how many news sources (including FNC) repeat this verbatim.
The news media is showing a considerable level of ignorance in reporting this. He executed a quit claim deed, which transfers whatever interest he had in the property to the grantees. In the language of the deed is an attestation to consideration - a token amount of payment claimed to be exchanged in support of the transfer. It is often listed as $10, sometimes as $100. It is not the price of the property transferred in the deed.
He may well have gratuitously transferred his interest in the property, and the amount noted was only the stated consideration. Whatever mortgages or other financing liens existed on the property are still attached. Now his estate owes the monthly payments, and unless they are maintained by the estate or the grantees, the secured lenders will foreclose.
It’s astonishing how little the authors and editors of this story know about common real estate transactions, and how many news sources (including FNC) repeat this verbatim.
Yes. I would still make the assurance that the $10.00 listed on the quit claim deed has absolutely nothing to do with what the motive is for the transaction. That has been my point the entire time and multiple other people on this thread have stated as such trying to help people understand what it means. It’s a legal formality in deeding property. The quit claiming of the property itself likely has something to do with the motive, the fact that the deed says “for $10.00” on it doesn’t.
All correct. Thank you. I’m a lawyer and, like yourself, am just trying to help clear up what this all means because it’s misleading. I usually don’t get into too many discussions here because I don’t have much time to, and in general, people on FR really hate lawyers and think we all suck. I thank everyone else who jumped in to help explain the meaning of the deed language.
It would seem that his wife knew that he was planning something but declined to contact authorities.
It would thus be a clear-cut case of aiding and abetting an act of terror, with severe legal fallout commensurate with the seriousness of the crime.
With who's gun? He didn't buy his two guns used in the slaughter until less than two weeks before he went Jihad.
There were three quitclaim deeds transferring to the brother in law. This leads me to believe this event was indeed a family affair. Has anybody contacted the attorney who wrote the deeds? I know there is atty-client privilege, but this attorney might not want to be dragged into this issue.
The county appraiser site lists the sale amount as $100. In Florida I believe it is customary to put a sale value of $10 on the deed, while showing the actual sale price in the tax appraiser file.
From St Lucie County online records ... numbers are Book/Page in public records:
On 09-11-2013
3557/2723 -- Property purchased in 3 names: Omar, his sister Miriam, and father Seddique
3557/2726 -- Mortgage from Seacoast National Bank in 4 names: Omar, his wife Noor Salman, sister Miriam, and father Seddique
On 4-20-2015, 3 separate quitclaim deeds to Omar's brother in law:
3859/1053 from sister Miriam
3859/1054 from father Seddique
3859/1055 from Omar himself
All the reporting I have seen on this transaction says something to the effect that Omar deeded "his portion" of the home ownership to his brother in law. Either the media are woefully inept at basic research or they are complicit in deflecting the blame from this family.
The legalese has meaning, although I grant you many people enter into legal contracts without matching the 'legalese' with the meeting of the minds, simply to harvest fruits of a transaction.
Not a lawyer, so I don’t suck. LOL I’m a commercial real estate broker who specializes in exchanging and creative real estate. Among other business interests.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.