assignment of rent

robwantsjunk · Joined: 22 Feb 2007 Posts: 1 1.48 Dollars($)

iam buying a home on a rent to own basis,the person i was doing that with went to prison! his name can be googled leonard fazio of des moines iowa.when i was making the payments to leonards people they were not making payments to the bank.the bank wants me to give them the money as a assignment of the rents,the prob i have with this is that the bank refuses to give me any kind of paper work! they just want me to send them money..is there leagle paper work the bank has to do? is there any paper work i should get?? help help please.i lived in a camper for two years before i found this house and i dont want to have to do it agine.my wife and i were just ready to start to have kids..anyone can email me about this subject also at .robwantsjunk@msn.com

Guest 0.10 Dollars($)

I checked about Leonard Fazio and it seems he is in prison after being charged in nine fraud cases of resale of foreclosed homes with misleading documentation.

It is very unfortunate that you have contacted such a company. Nowadays it is very hard to judge which company is a fraud and who is on the right path.

helping_user

Welcome Robwantsjunk.

The bank will be directly dealing with the person who has given his property for rent purpose. You are supposed to get the papers from the person himself and not the bank. I think the bank is not aware that the person is in prison. If that is so, then you should inform the bank so that they can allow you to deal with it directly.

Thanks.

Guest 0.10 Dollars($)

i havent been on here in a while,i moved for one thing! lol the bank did know he was in prison and this is why they came to my door.i beleave the bank is fruadlent to as they never wanted to give me any papers at all.my wife and i left i had to sell everything to get a down on another house,sign papers ect close on house before the forclosure went in on the other.i was lucky,maybe call it fruad my self,but did it before the credit came out and anything to save my butt living in a camper.come to find out after all said and done,i really dont have anything to do with it.it is between fazio and the bank,fazio has to come after me his self and i cant wait to send him back to prison! so bring it on!

sara · Posted: Mon Nov 05, 2007 3:00 am Post subject: RE:

Hi Robwantsjunk,

Welcome back.

If the bank knew that Leonard was in prison, then they shouldn't have stopped from giving you the paperwork. I'm not sure as to whether the bank is fraudulent but there's something fishy about this whole stuff. What I didn't understand from your post is, has the person come out of prison and is he after you for money?

Guest 0.10 Dollars($)

hes still in prison and i hope he rots there.he gets out june of 2008 lord help us all. oh if anyone wants to know the name of the bank its polk county bank of iowa.

sara · Posted: Mon Feb 11, 2008 11:55 pm Post subject: RE:

Hi Robwantsjunk,

I can understand it's so frustrating for you. But there should be some written evidence of your payment to the bank. Otherwise who knows they might claim the money again! Talk to the bank once again, this time talk to a higher official about it and see what he has to say. However, if the bank disagrees, then you'll have to send the money without getting any statement from the bank in return.

Take Care

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