California Real Estate Fraud Report

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Sullenberger Sues for Real Estate Fraud

Chesley Sullenberger, the pilot who skillfully land his airliner on the Hudson River in 2009, and his wife, Lorraine, are suing several parties for real estate fraud, alleging that they were fooled into paying more than the property was worth. They want to have the transaction nullified and the alleged overpayments returned to them.

The defendants are Sonoma County Bank, brokerage Grubb & Ellis and Cherie Huillade, the Grubb & Ellis senior VP who brokered the sale in 2002. Huillade contends that when the Sullenbergers purchased the Jiffy Lube franchise in the city of Paradise in Butte County, the property was leased and they were receiving an income stream. Any losses, she says, could simply be attributed to reversals in the real estate market.

Read the original article in the Press Democrat.

© Copyright 2007-2018 Monique Bryher

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.

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