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HomeMy WebLinkAbout2947 dates relevant to this action. Even after placinq the property in trust for his son, RICHARD FLANZBAUM made representations to creditors, as evidenced by financial statements admitted into evidence herein, that said property was owned by him in fee simple, and without any condition or limitation. These financial statements were used for the purpose of obtaininq loans by RICHARD FLANZSAUM. ,1 ~ • The ":~aranja" property was sold and various other properties FI purchased and sold with the proceeds until by Deed executed on May 29, 1980, and recorded on June 2, 1980, at Official Records Book 332, Page ~666 of the Public Records of St. Lucie County, Florida, MICHAEL D. FLANZBAUM, an unmarried person, and RICHARD FLAN2BAUM, Trustee, purchased from.Landmark.Investments Company of St. Lucie County, Inc. certain property with the trust funds described as follows: Lots 10, 11, 12, 13, Block 554, of PORT ST. LUCIE, SECTION THIRTEEN, (13), a Subdivision according to the plat thereof, Recorded in Plat Book 13, Pages 4 and 4A through 4M, of the Public Records of ~ St. Lucie County, Florida. . However, this Deed contained a scrivenor's error in that the true intention of the parties was to purchase Lots 10, 11, 12 and 13 in Block 645 as opposed to Block 654. Quit-Claim Deeds were issued to the true awners of the property, and a new Deed issued to Lots 10, 11, 12, 13, Block 645. This Deed was not, however, reissued by Landmark Investments Company of St. Lucie County, Inc. to MICHAEL D. FLANZBAUM, an unmarried person, and RICHARD FLANZBAUM, Trustee. The Deed, executed on August 22, 1980, and recorded on August 27, 1980, in Official Records Book 337 at Page 1278 of the Public Records of St. Lucie County, Florida, subsequent to the date of the filing of the instant bankruptcy proceeding, was issued to BARBARA C. ASH, a Defendant herein, and a close personal friend of the Debtor, RICHARD FLANZBAUM. On two separate occasions within this bankruptcy proceeding, under oath,~as admitted by the Debtor, RICHARD FLANZBAUM, he testified that the reason for placinq the property in the name of BARBARA C. ASH was that she had loaned him a great deal of money, providing support for him, and he wanted to provide her with the property as security for the sums of money loaned to him in case something should happen to him. By Warranty Deed executed on October 16, 1980, and recorded ; on October 17, 1980, in Official Records Book 341 at Page 165 of the ~ ; -2- s~348 P~E2945 ~ ~ .- : _: - : - - - _. , ~~ ~:,~.,~.~_:~~ rt _. ~ ~:~f - .