Predatorial Mortgage Co. Swindles Sick Old Lady
The Post had a hearwarming story yesterday of a mortgage company’s attempt to swindle an elderly Fort Green woman with early-stage Alzheimer’s out of her 3-story brownstone. In 2004, Mary McQuiller, then 81, applied for a second mortgage through RCF Capital; before she knew it, the company had sent a car for her and had…
The Post had a hearwarming story yesterday of a mortgage company’s attempt to swindle an elderly Fort Green woman with early-stage Alzheimer’s out of her 3-story brownstone. In 2004, Mary McQuiller, then 81, applied for a second mortgage through RCF Capital; before she knew it, the company had sent a car for her and had gotten her to sign over the house for $175,000. Her son, Sam McQuiller (pictured), intervened and thought he had gotten RCF to drop its claim on the property only to be rudely surprised when his mother died later that year. He’s now in court fighting a decision by the public administrator to auction the property and award RCF $85,000 of the proceeds.
Roofless People [NY Post]
Remarkable how anyone would believe what they read in the papers or “The Post” for that matter.
No one who has commented on this knows what they are talking about.
I’ve managed to save up roughly $70815 in my bank account, but I’m not sure if I should buy a house or not. Do you think the market is stable or do you think that home prices will decrease by a lot?
Hey Nutty, what’s up with that!!?!? LOL!! 🙂
Plant lady – unless the person is clearly high on drugs or is speaking in tongues, I’m notarizing the document if she can prove who she says she is. I don’t care what the notary association says – notaries are not held up to the same standard as a medical professional. As for the $, you’re not reading me clearly. I’m warning people that there is a maximum that notaries can charge for their services and it’s not $20 a stamp.
anon 2:09 you should read the notary association newsletter they send you… or don’t you belong to one?
it’s true that the notary public (and i am one) do not get paid well for these things but you don’t become one to make money from it but from the other business associated with it. Anyway, as a public officer, you have a duty to not perform the service if you think the signer is under duress or of not sound mind. granded you are not a mind reader but if the person doesn’t appear they know who they are or where they are you shouldn’t notarize and i am saying it is possible since the woman has Alzheimer, it maybe a stretch but possible. i will try to find the article from the nationalnotary.org that touches on this. we don’t discuss it on this forum but fake notary or improper notary is an issue in real estate.
You know things have to be pretty bad if they make da BrownBomber sick to his stomach (;
Since when is it a notary’s duty to gauge the state of mind of the person signing a document? I’m an attorney AND a notary, and the only think I’m required to check is whether the person signing the document is in fact who she says she is. That’s it. I don’t verify what’s contained in the document or make a medical decision as to the person’s state of mind. As for the notaries out there charging $20, you’re doing something illegal.
Ms. McQuiller has two building and one vacant lot under her name in Brooklyn. The picture appears to be taken infront of the Vanderbilt brownstone which she owned in Fort Greene. But the property at issue might indeed be the Myrtle Property which includes a storefront (article states that plaintiff has a business at the property). This building is east of Classon and thus in Bed-Stuy. Still a valuable piece of property. With that being said, I wouldn’t be surprised if the contract agreement between the parties somehow provides RCF with various interest or rights to all three properties. If you’re attempting to steal, why hit a single when you can go for the homerun? This article makes me sick to my stomach…
i quickly did some digging and this place is on myrtle ave. it’s a 2 family with a store front. around there prices are at 1 to 1.2 mil now. i’m a little confused by the post story. did the woman sign a deed (because one is not recorded). i hope the son got a good lawyer on his side. and if i was a lawyer, i would go after the notary public too. as a public officer you have a duty to the public and not notarize anything when the signer state of mind is in question. if the woman has early state Alzheimer, couldn’t you tell? maybe she had a good day and she was coherent at the day of signing… but man i would be so fast to add the notary public to list of defendants. stories like this stink… like we need another reason to hate lawyers.