Posted on 09/13/2009 6:44:28 PM PDT by 2banana
DENVER – He bought his first home, spent $30,000 fixing it up, and now, six months later, Jonathon Kyte has learned the home doesn't belong to him.
According to the City and County of Denver, Jonathon owns the dump, next door. He found out about the mistake almost by accident when he received a map which showed the unit he's living is actually unit No. 4.
"I froze. My wife and I were just speechless," Kyte said.
Kyte owns the deed and title to unit No. 5.
Jonathon blames the Coldwell Banker listing agent for the mistake. She marketed the property and provided the key to the unit Jonathon and wife have been living in.
He called the listing agent again and again, but she wouldn't return his calls. He also called the title company, "Colorado American Title," and an employee promised to get back to him, but never did.
So Jonathon called FOX 31 News. We confronted the listing agent's supervisor, but he would not comment on camera. He said their lawyers were looking into the situation.
Jonathon is now considered a squatter in unit No. 4, and the people who were so willing to sell it to him, are now unwilling to help.
And don't ask about this being in "Ethiopian Review"
Jonathon needs to hire a laywer. But at least it sounds like he has title insurance.
I hate when that happens..
Sounds like a scam the realtor and title company were running. They had better make this right.
There’s always the mob’s answer, sudden unexpected arson fire:)
Well, on the bright side, at least he won;t be living next door to a dump, unlike his neighbors, who should really get after him to fix his place up...
Well, assuming there actually was a housing "bubble" 6 months ago, the answer is yes; an imaginary bubble and this debacle are completely unrelated.
I smell stupid on this. When you go through housing you see and sign a MAP that shows the real estate you are buying and the title search company is bonded and insured to cover any possible mistake they made.
Same thing happened in Kenner, Louisiana some years ago in a very expensive home.
Geez man, tough break! But, I can help you out. I’ve got this bridge that I’ve been meaning to sell, and I’m sure you can double your money in less than a year…
This is an old story I believe. I remember posting something like this from Denver several months to a year ago.
What do you base this conclusion on? How, exactly, would this scam run?
A huge screw up because of negligence and/or incompetence is not a scam, but it is certainly actionable.
>> Well, on the bright side, at least he won;t be living next door to a dump
ROFLMAO
Per Google, it looks like most of the stories are from early March.
You’d think you’d notice the title having a “unit 5” specified on the address, and notice you were walking into the unit with a “4” on the door. At least I would.
The title insurance covers the unit he actually owns, not the one he improved.
Probably on the unit he bought. And it doesn't sound like there is any problem with that unit (except that it's a dump).
You cannot answer question 1, and that doesn’t answer question 2.
So, is this an old story? Sounds really familiar.
So, is this an old story? Sounds really familiar.
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