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Report: #1225971

Complaint Review: Terry Lee Allen, Terry Allen - Mount Dora Florida

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  • Reported By: Denty — eustis Florida USA
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  • Terry Lee Allen, Terry Allen sunset Blvd Mount Dora , Florida USA

Terry Lee Allen corporal Terry Allen Obtained money by deception Mount Dora Florida

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Corporal Terry Lee Allen lake county sheriffs dept,

Corporal Terry Allen was a trusted friend of many years, In 2007 whilst in the USA i was visiting Terry and his new wife in Mount Dora Florida, Terry had been going through a very difficult divorce and was basically down on his luck, athough he was a Lake county sheriff Terry also worked for a local funeral home as an embalmer.

Terry's employer at the funeral home had been left a property in Sunset Blvd mount dora by a client and offered it to Terry Allen on a private mortgage.

The home was in a state of sunstantial dis-repair and needed work to be done urgently.

Terry told me that he was trying to raise finance to do the repairs and flip the house for a profit and that he estimated he needed approximately $50k to do so, he has bought the house for $180k and could sell it all refurbished for arround $275k-$300k.

I offered to fund this for him on a joint venture basis at that time .

I returned to my home in Spain and liased with him on the repairs etc and how it was all progressing on a regular basis ,

When i returned to the USA i visited Terry and his wife Tina at the house, Terry asked that if he could keep the house for a while as the market had slackened and that his wife Tins enjoyed being there .

i agreed to amend the agreement but would require that he and his wife sign promissory notes and that we set a rate of interest that was agreeable to us both, terry suggested 8.5% which was aceptable to me but as he already owed me $10k that would need to be added to the agreement.

Terry himself went along to the Solicitors of Christopher Shipley and had the promisory notes drawn up and they were subsequently sign by himself and his wife Tina.

The recession hit hard and Terry was not paying any of the interest on the loan back to me despite on several occasions promising to do so, eventually in 2011 i told Terry that i had to draw a line under our agreement and he must start paying what he owed me with all the accrued interest.

He refused to do so saying that we had a bussines venture together and he owed me nothing, even denying the existance of the notorized promisory notes that i had.

I contacted my Lawyer Cristopher Shipley to take action against Corporal Terry Allen and his wife Tina Allen under the promissory notes, ir was then discovered that in January 2008 Corporal Terry Allen had remorgaged the house and taken the mortgage from $180k to some $240k without paying me any monies off the loan or consulting me in any way.

Then Corporal Terry Allen of the Lake County Sherrifs depaartment said he would go personally bankrupt along with his wife rather than pay any of the outstanding debt back to me , which he did.

So essence this unscrupulous police officer and his wife legally stole $70,000 from me and retained the house that my money was invested in he also had the $60,000 he had remortgaged the house for.

The Lake county police department told me that this was a civil matter even though one of their own had  acted in such a despicable manner, and was nothing more than a low life fraudster and theif , and this is a man who is suposed to be a pillar of society.

This report was posted on Ripoff Report on 04/30/2015 10:27 AM and is a permanent record located here: https://www.ripoffreport.com/reports/terry-lee-allen-terry-allen/mount-dora-florida-32757/terry-lee-allen-corporal-terry-allen-obtained-money-by-deception-mount-dora-florida-1225971. 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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