Tax Guru-Ker$tetter Letter
Monday, September 01, 2003
Harrison Abstract Fiasco
Many people haven't been as lucky as some of our clients were by being able to get their funds released from the Harrison Abstract custodian.
One couple still has over $80,000 locked up, preventing them from completing the purchase of the home they are currently occupying.
One woman's lender has its $175,000 loan money frozen in the Harrison Abstract mess. This article tries to paint the picture that this woman owes $350,000 on a house that only cost her $175,000. That's ridiculous. She only owes $175,000 and the bank just has to wait to get the rest of its money back. It's interesting that the bank isn't named. Some local banks are still being investigated for their involvement in the embezzlement.