[WSBARP] Fraudulent Transfer - Theft by Deed - Conversion

[Eric Nelsen]

I think it's a straight quiet title action, LLC as plaintiff, to remove clouds on title based on the false QCD, which in fact transferred no interest to the property because it was not executed by an authorized member of the LLC. I don't know what to call that as a cause of action; last time I did it I just called it a quiet title based on a deed that transferred no interest. The deed is simply a cloud on title.

The question I don't know about is whether the defendant's lenders qualify under bona fide purchaser doctrine, if defendant had enough "apparent authority" to execute the QCD and so lenders could rely on the public record in making their loans. (Though they'd all be subordinate to the LLC's first mortgage, of course, since that was never removed.)

Regarding damages--I think the cause of action for damages against the defendant could be (a) equitable indemnity or the ABC rule as to attorney fees; (b) constructive trust; (c) I dunno what else.

Sincerely,

Eric

Eric C. Nelsen
SAYRE LAW OFFICES, PLLC
1320 University St
Seattle WA  98101-2837
phone 206-625-0092
fax 206-625-9040




From: wsbarp-owner at lists.wsbarppt.com [mailto:wsbarp-owner at lists.wsbarppt.com] On Behalf Of Tom J. Westbrook
Sent: Tuesday, February 17, 2015 11:20 AM
To: wsbarp at LISTSERV.NETHELPS.COM
Subject: [WSBARP] Fraudulent Transfer - Theft by Deed - Conversion

This is a new one for me. Member that is NOT the Manager of LLC drafts and executes a QCD on LLC owned real property claiming to have managerial authority when he does not (misrepresentation to Notary as well). To make matters even worse, he transfers the property to himself. Then he also files mortgages against the real estate to himself, personally. The real estate is already encumbered by DOT to original lender to LLC. Of course this all violates the transfer of beneficially ownership clause and lender knows about the transfer but has not taken action yet. So, what is our action to bring? It really is not what is typically considered a fraudulent transfer, although certainly a transfer by fraud; is there such a thing as theft by deed? Since it deals with real property can it be considered a conversion????

The entire set of transactions is so egregious and hard to believe, that my mind is frankly stunned. Hoping one or more of you have some guidance for me...........

Sincerely,

Tom

Thomas J. Westbrook
Attorney at Law

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Rodgers, Kee & Card
324 West Bay Drive NW, Suite 201
Olympia, Washington  98502

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