Here's a story that deserves some attention about a Michigan Supreme Court Justice Diane hathaway who is under fire for some questionable real estate dealings.
7 Action News first reported Hathaway avoided potentially hundreds of thousands of dollars in mortgage payments by convincing her bank to have a short sale.
They say that she shuffled properties out of her name prior to the short sale: two homes were taken out of her name and put into her step children's: a 4,300 square foot home in a Windermere, Florida country club, complete with a private boat dock and pool, went to her step daughter, and a home on Windmill Pointe in Grosse Pointe Park went out of Hathaway’s name, and into her stepson’s.
After the bank agreed to sell the house, the Florida property—valued at almost $740,000—went back into Justice Hathaway’s name. And a third home that was bought with cash months earlier in Hathaway’s other stepdaughter’s name was put into Justice Hathaway’s. It’s not clear if Hathaway’s stepdaughter ever lived in that home, but Hathaway is living there now.
"It raises questions," said attorney Howard Young, who specializes in asset protection and estate planning. "Those are typically fraudulent transfers, because they are done with the intent to delay, hinder, or defraud creditors. And we are very careful to advise against making such transfers because even as an attorney, you can well be considered a co-conspirator in a fraud and that has significant ethical issues, and the state bar is going to come looking," he said.
Hathaway is a Democrat.