[1]
3413 West 90th Street, Cleveland, Ohio
Cedric Bishop, owner of the property located at 3413 West 90th Street in Cleveland, Ohio is a victim of fraud by Aeon Financial Tax Lien Services.
Aeon Financial purchased two tax liens on the Bishop property. One for $2,595.63 and one for $ 1,783.20.
Mr. Bishop lost his property via tax lien foreclosure and the deed transferred to Aeon Financial on April 19, 2012:
| DESH | CUYAHOGA COUNTY SHERIFF | CAPITALSOURCE BANK | 4/19/2012 | 017-31-004 |
On May 10, 2012, Mr. Bishop entered into a Land Contract with Aeon Financial fbo CapitalSource Bank.
| LDCT | AEON FINANCIAL LLC | BISHOP CEDRIC T | 5/10/2012 | 017-31-004 |
Under the terms of the Land Contract, Mr. Bishop agreed to pay $ 10,200 for the return of his family home, along with 8% interest.
The agreement was a lump sum payment of $4,598 and the remainder to be paid in monthly installments of $422.74:
[2]Although the total amount owed on the tax liens was $4,378.83, Mr.Bishop was forced to pay $10,200 plus 8% interest in order to save his home.
Shortly after the Land Contract was initiated, Mr. Bishop paid off the entire amount in full and was still charged the 8% interest although he paid off the land contract early.
After the Land Contract was paid in full, Aeon transferred the deed back to Mr. Bishop on September 27, 2012.
| DEED | CAPITALSOURCE BANK | BISHOP CEDRIC T | 9/27/2012 | 017-31-004 |
After the deed transferred and while Cedric Bishop was the LEGAL OWNER, on January 9, 2013, Aeon Financial proceeded to use the property as collateral for a mortgage up to 30 MILLION DOLLARS without the knowledge or consent of the LEGAL OWNER -Cedric Bishop:
| MORT | AEON FINANCIAL LLC | CAPITALSOURCE BANK | 1/9/2013 | 017-31-004 |
Although this property was LEGALLY OWNED by Cedric Bishop, Aeon used his property as collateral for a mortgage:
| 12 | 200910260566 | PTXL | BISHOP CEDRIC T | CUYAHOGA COUNTY TREASURER | 10/26/2009 | 017-31-004 | / | |
| 13 | 201009020001 | PTXL | BISHOP CEDRIC T | CUYAHOGA COUNTY TREASURER | 9/2/2010 | 017-31-004 | / | |
| 14 | 201204190213 | DESH | CUYAHOGA COUNTY SHERIFF | CAPITALSOURCE BANK | 4/19/2012 | 017-31-004 | / | |
| 15 | 201205100426 | LDCT | AEON FINANCIAL LLC | BISHOP CEDRIC T | 5/10/2012 | 017-31-004 | / | |
| 16 | 201209270853 | DEED | CAPITALSOURCE BANK | BISHOP CEDRIC T | 9/27/2012 | 017-31-004 | / | |
| 17 | 201301090047 | MORT | AEON FINANCIAL LLC | CAPITALSOURCE BANK | 1/9/2013 | 017-31-004 | / | |
| 18 | 201301110045 | DEQC | CAPITALSOURCE BANK | AEON FINANCIAL LLC | 1/11/2013 | 017-31-004 | / | |
| 19 | 201302140497 | MORT | AEON FINANCIAL LLC | CAPITALSOURCE BANK | 2/14/2013 | 017-31-004 | / | |
| 20 | 201309200516 | REL | CAPITALSOURCE BANK | AEON FINANCIAL LLC | 9/20/2013 | 201301090047 | 017-31-004 | / |
| 21 | 201309200517 | REL | CAPITALSOURCE BANK | AEON FINANCIAL LLC | 9/20/2013 | 201302140497 | 017-31-004 |
Cedric Bishop paid off the Land Contract in FULL. After Aeon Financial took his money, they simply transferred the deed back to themselves after using the property as collateral for a mortgage:
| DEQC | CAPITALSOURCE BANK | AEON FINANCIAL LLC | 1/11/2013 | 017-31-004 |
Although Cedric Bishop should be the legal owner of this property which he paid in full via land contract, he is NOT the legal owner.
This property remains under the ownership of Aeon Financial although NO DEED was ever filed transfering ownership from Cedric Bishop to Aeon Financial. The newest deed transferred the property from CapitalSource Bank to Aeon Financial. ( See the Cuyahoga County Recorder's office official records above )
Cedric Bishop is a victim of fraud. He has all of his receipts to prove that he paid off the land contract in FULL.
Aeon Financial is in the process of selling Mr. Bishop's legally owned property. Mr. Bishop has stated that he received several letters informing him that HIS house will be sold soon and that he needs to vacate his OWN property.
According to Cedric Bishop, he has made numerous phone calls to Aeon Financial's attorneys, and NONE of his phone calls have been returned.
According to Bishop, the County Fiscal Office has not helped him with this issue despite numerous attempts by Cedric Bishop to address this issue. The county referred Bishop back to Aeon's attorneys who will not return his phone calls.
Cedric Bishop is in immediate danger of being evicted from his OWN house and lacks the financial means for an attorney.
The county made a mistake by accepting the deed tranferring the property from CapitalSource fbo Aeon Financial to Aeon Financial as this property's deed was not in CapitalSource's name - it was in Cedric Bishop's name.
Cedric Bishop was ripped off for $10,200 and is now facing an eviction threat. Aeon Financial intends to sell Bishop's house after he paid them in full.
The receipts for the full payment were reviewed by Mike Sallah, reporter for The Washington Post, while he was in Cleveland to report on this http://www.washingtonpost.com/sf/investigative/2013/12/08/debt-collecting-machine/ [3]
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