Get Out Of Debt Guy Blog Gives Warning About Fidelity Land Trust Company Based In Florida. Steve Rhode Said – “The Owners Are A Mystery. Who Really Are They?
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The Fidelity Land Trust Company, LLC is a relatively new company making some big claims like, “Fidelity Land Trust has a 100% success rate for all of their litigated properties and has hundreds of active suits to this day.” They made that claim on March 2, 2012, after three months in business. – Source
According to public records, The Fidelity Land Trust Company, LLC is registered to do business in Florida and says they are located at 902 Clint Moore Road, Boca Raton, FL 33487. Their registered agent is Robert “Robby” Birnbaum, Esq., 100 West Cypress Creek Road, Suite 700, Fort Lauderdale, FL 33309. The company is relatively new, only have been registered on December 9, 2011. – Source
Again, this really piqued my interest since I know Birnbaum and his firm represent a number of debt relief companies.
For the sake of keeping commenters on track, in this article I simply want to focus on who is really behind The Fidelity Land Trust Company that is selling services to consumers by claiming they can and taking title to peoples homes.
The LLC documents say that the managing member of Fidelity Land Trust is Fidelity Land Trust Partners, also located at 902 Clint Moore Road, Boca Raton, Florida 33487.
But according to state records Fidelity Land Trust Partners is not registered to do business in Florida nor registered to conduct business under a fictitious name.
The State of Florida says even if the company is operating as a sole proprietorship or partnership, companies must register a fictitious name, “Whatever you choose, you need to register your company with the state, county and obtain a bank account for the company. You are required to do these steps even if you have an online business or an at home business.” – Source
Consumers are signing over their homes to a company that is not transparent about their ownership nor who controls or owns the company and now the consumer’s home. So who are people really signing over their homes to?
The one clue we have is the signature on the Fidelity Land Trust Company LLC documents. They were signed by Edward C. Tudor as member or an authorized representative of the member.
Edward C. Tudor is actually a fictitious name on file with the state of Florida for Edward Cherry who is located at 902 Clint Moore Road, Boca Raton, Florida 33487. His alias is registered to a foreign address in Luxembourg. – Source
The Fidelity Land Trust website isn’t any more transparent about who consumers are giving their homes over to. The site offers up limited information on their company profile page about who controls and owns the organization:
Fidelity Land Trust is operated by a group of attorneys with over 75 years combined litigation and transactional experience along with high-level insurance and financial associates. – Source
So the company is operated by a group of attorneys, but that does not say anything about ownership.
And on their FAQ page they publish this:
Even the Fidelity Land Trust Company website can’t be transparent about who really owns the company or even transparent about who the attorneys are that operate the company.
For all we know the company is owned by an unregistered illegal criminal syndicate that is stealing peoples homes. I actually doubt that’s the case but you see what I mean here. Without clarity, people have no clue who they are essentially giving their homes to.
In order to solve this mystery, if anyone can shed some facts on Fidelity Land Trust Partners, why they are not registered to do business in Florida as apparently required, and who the entity really is, please post it in the comments below.
In my opinion this information should be open and transparent if people are going to sign their homes over to an organization they are relying on to keep them in their homes. Consumers should demand to know who specifically owns the organization and who the attorneys are that control the organization in order to do prudent research about the owners and operators before signing away the deed to their home to just anyone. — Get Out of Debt Guy Source Article
Related Get Out of Debt Guy Articles:
- Bank of America Sues Fidelity Land Trust With Foreclosure Action
- Fidelity Land Trust Transactions. Who Are The Players?
- Ed Cherry, of Hess Kennedy Fame and Related to Fidelity Land Trust, Files Chapter 7 Bankruptcy
- Judges lash out at land trusts, call attempts to cancel mortgages meritless
- Plantation homeowners sue to reclaim million-dollar property they signed away to Boca Raton land trust
- Update on 03/26/13 on Case Filed by Florida Against Fidelity Land Trust, Ed Cherry, Larry Diodato and Others
Related Piggybankblog Article Below:
For the record, Piggybankblog.com contacted both “Edward Cherry” and “Paul Gellenback” of Fidelity Land Trust for comment. There was no return email or phone call from either one.
His name is Steve Rhode AND HE IS FIGHTING BACK!
All Rise! The Honorable Judge Rhode has left The Courtroom of Public Opinion!
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