Complaint Review: First Guarenty Bank And Trust - Jacksonville Florida
- First Guarenty Bank And Trust 1234 King Street, Jacksonville, Florida Jacksonville, Florida U.S.A.
- Phone: 904-301-2290
- Web:
- Category: Financial Services
First Guarenty Bank And Trust Transferred title out of company LLC. name and then encumbered the new title to the Restaurant without company knowlege Jacksonville Florida
*Author of original report: FDIC shuts down Jay Fant but gets no jail time and running for Florida Congress District 15 Nov 2014!
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A managing member of a company contributed contractual control of a resteraunt into a company he controlled as managing member. He moved to act on that contract that included financing and 1 million in instant equity. He closed on the purchase and that property and it's equity became property of him and his company.
Eight months later First Guarenty Bank recorded and transfered in clay county, Florida, the title of this same resteraunt equity and assets out of it's own company's name and into another non-related entity. Leaving First mortgage liens and other liens in limbo.
Then encumbered the title with millions in of it's own, only now the ex-company property belongs to a third party non-related entity.
Then and in this order,
somehow aquired a release of mortgage from the first mortgage holder of the previous owner and entity.
Mention of 15k payment to that first mortgage holder was listed on the HUD along with closing costs collected by the bank when closing with the second party.
Never ever pre-disclosing or pre-notifying abything at all to the original property owners and members of that company as to why or how this happened, nor to the sole managing member of the company of any of it's plans or it's actions that severly affected its title to it restaurant.
Any help your organisation can give this company to help retrieve it's property and to reinstate it's title into it's original owners would be welcome.
The bank has the money to ignore and run away from this indefinately.
No loans exist or ever existed between the original owner of this restuarant and this bank.
Thank you.
American
New York, New York
U.S.A.
This report was posted on Ripoff Report on 02/05/2007 01:17 AM and is a permanent record located here: https://www.ripoffreport.com/reports/first-guarenty-bank-and-trust/jacksonville-florida/first-guarenty-bank-and-trust-transferred-title-out-of-company-llc-name-and-then-encumber-234402. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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#1 Author of original report
FDIC shuts down Jay Fant but gets no jail time and running for Florida Congress District 15 Nov 2014!
AUTHOR: Fear - ()
SUBMITTED: Friday, June 20, 2014
May 1947-January 2012
HEADQUARTERS
Jacksonville
REGULATORS
OFR/FDIC
TOTAL ASSETS AT FAILURE
$377 million
COST TO FDIC
$82 million
DIRECTORS
Julian E. Fant Jr.
Julian E. Fant III
C. L. Haynes
Edward McCarthy III
Douglas J. Milne
A. C. Sinclair
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