Subject To - Attorney General sues couple AND their LLCs for equity skimming

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Here is a case of Subject To done as taught today by some "guru"s. If you are going to do Subject To", which is legal if done legally and wisely, then learn from someone who understands the laws, to keep you out of trouble. You can be sued for up to 6 years after the transaction (actually longer, but that gets into the minutia. They used a form of "Gator Lending"

Be careful out there. You don't know, what you don't know.

Click on the images to expand.

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Attorney General Rob McKenna and Assistant Attorney General Jack Zurlini filed new documents today in Spokane County Superior Court that accuse Anthony and Alicia Napier of skimming equity from distressed homeowners in Eastern Washington and misleading investors. 

It’s alleged their dirty deals left a trail of victims – families who lost their homes, renters who never recouped security deposits and investors who never saw profits.