Real Estate – Contract – Deposit With Auctioneer

By Deborah Elkins
Published: December 1, 2008

A real estate buyer proved fraud by showing defendant auctioneer put the buyer’s deposits in a trust account and promptly wrote checks covering his own expenses for much of those funds; a Norfolk Circuit Court awards the buyer $10,000 in nominal damages, $3,500 in punitive damages and $12, 962 in attorney’s fees and costs. Plaintiffs allege ...

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