Sunday, April 27, 2008

Crap dwellers kicked to the curb

More than 40 Brooklyn families face eviction and foreclosure on condos they bought from a developer who pulled off a massive swindle and then fled the country.

Builder flees & 40 Hasidic families face eviction in Brooklyn swindle

The families, all Hasidim from Crown Heights, paid developer Eliyahu Ezagui - one of their own - for the apartments before they were built at two sites: 770 Lefferts Ave. and 613 East New York Ave.

"We trusted him, we thought we knew him, he told us he had the blessing of the grand rabbi. We had contracts, so we gave him the money," said Jeff Minsky, who lives at 613 with his wife and six children.

Ezagui, 47, did not give the buyers deeds when construction was completed in what is the single biggest local case of subprime mortgage fraud on record.


Anonymous said...

Oy Vey! How do they not know to get it in writing?

Anonymous said...

It probably was in writing, but the developer reneged and never delivered the titles to the properties.

After the developer took mortgages out in his own (and associates') name(s) and got the money, he defaulted on those mortgages, leaving the rightful owners facing eviction and him on the run from the law.