Ask the Teagues

Dahlonega, GA

#135 Sep 10, 2013
Teague then caused Appalachian to make three separate $100,000 loans to unindicted co-conspirator B.H. under false pretenses between March 7 and September 4, 2007. Teague knew that B.H. was a silent partner in Soak Creek. He also knew that in obtaining these loans from the bank, B.H. was acting as a straw borrower for Soak Creek. Teague also knew that Soak Creek intended to use the proceeds of these loans as down payments on the 5,043 acres and the 2,160 acres. Teague did not disclose any of these facts to Appalachian Community Bank. In fact, he actively hid his involvement in at least one of these loan transactions by altering the bank’s records to make it appear that someone else had acted as the loan officer. By not disclosing to Appalachian’s loan committee that he had a personal financial interest in these transactions, Teague violated the bank’s conflict-of-interest policy.
To finance Soak Creek’s purchase of the 5,043 acres, on April 20, 2007, Teague caused Appalachian to wire transfer approximately $7.2 million of the bank’s money to the escrow account of the Tennessee law firm that handled the loan closing. He did not record this wire transfer in the bank’s books and records. At the time of this transfer, Soak Creek’s account at Appalachian had a zero balance. Therefore, this wire transfer caused Soak Creek’s account to be overdrawn by approximately $7.2 million. The amount of this overdraft exceeded Teague’s lending authority at the bank.
On April 24, 2007, Soak Creek flipped the 5,043 acres to the Texas investment group for approximately $9.3 million, thereby realizing a same-day profit of approximately $2 million.
To finance Soak Creek’s purchase of the 2,160 acres, on September 28, 2007, Teague caused Appalachian to wire transfer approximately $3 million of the bank’s money to the escrow account of the Tennessee law firm that handled the loan closing. He also did not record this wire transfer in Appalachian’s books and records. At the time of this wire transfer, there was only $4 in Soak Creek’s account at the bank. The wire transfer caused Soak Creek’s account to be overdrawn by approximately $3 million. The amount of this overdraft exceeded Teague’s lending authority at the bank.
On September 28, 2007, Soak Creek flipped the 2,160 acres to the Texas investment group for approximately $3.7 million, thereby realizing a same-day profit of approximately $500,000.
Ask the Teagues

Dahlonega, GA

#136 Sep 10, 2013
Teague, 39, of Ellijay, pleaded guilty Aug. 22, 2012. U.S. District Judge Richard W. Story sentenced him to five years, 10 months in prison and five years of probation.

Teague was also ordered to forfeit $5.8 million that the government said he received from the transactions, plus, all of the real property that he purchased with the proceeds of the conspiracy.
depends on who you are

Stow, OH

#137 Sep 10, 2013
is Kaylor Properties owned by either wc or bob head?
Ask the Teagues

Dahlonega, GA

#138 Sep 10, 2013
Highest Land in Georgia, LLC
PO Box 308
Ellijay, GA 30540

10-28-2005 Loan #1 $6,744,366.89 (for 200 AC)(Gilmer Co. Bank note)

1. Henry W. Fischer (25%)
2. Jouko J. Rissanen (25%)
3. Amro, LLC, Jouko J. Rissanen (25%)
4. Robert S. Mosley, Jr.(12.5%)
5. David W. Teague (8.33%)
6. William E. Teague (4.17%)
***Board executed amendment to delete Adam Teague (chief Gilmer Bank loan officer
truthBknown

Clarkesville, GA

#139 Sep 10, 2013
lady luck wrote:
Kaylor Properties appears to have acted as middle in a 1 day transaction that netted approx $3.4 Million. Holly Kaylor is married to Bert Nelson. Any connection here to Holt or WC? I'm really trying to figure out the "luck" or "legalities" involved in being able to flip a same day property for $3.4 million. More to this I think.
One could buy a nice condo in Bay County Florida with a
profitable commission!

http://www.baycoclerk.com/records/search-offi...
lady luck

Dawsonville, GA

#140 Sep 10, 2013
truthBknown wrote:
<quoted text>
One could buy a nice condo in Bay County Florida with a
profitable commission!

http://www.baycoclerk.com/records/search-offi...
http://records2.baycoclerk.com/oncoreweb/sear...

Just after "Kaylor Property" acted as middle in a $3.4 Million profit flip, Holly and Daniel Kaylor bought the $700K beach condo. United Community Bank held the paper.

Still, what sort of situation allows the purchase ofa property for $1.5 Million, and then the sale for $4.9 Million all in the same day?
wow and wow

Blairsville, GA

#141 Sep 10, 2013
flip wrote:
<quoted text>
Dick gets the chance to buy it back at bargain prices. Has a real good tax appraisal value.
Sales History:(appraised @$1,133,721 ….. 2012 Tax year)(Parcel #125 010)
06-10-2005 Richard Bell,et al to Kaylor Properties LLC 1,557,900
06-10-2005 to AMRO LLC 4,912,600
11-07-2005 to Highest Land in Georgia LLC 5,072,000
500% in 5 months?
golden boy

Jefferson, GA

#142 Sep 11, 2013
Speaking of Dick Bell, what does a person have to do to get the tax assessments he gets. Parcel 067 001 - compare his Assesed value to everything around.
heads tails

Jefferson, GA

#143 Sep 11, 2013
Owen Glen Parcel 052 025

Sale Information
Sale Date , Price Reason
07-03-2012 $ 4,800 Owner sells to self
05-11-2011 $ 17,600 UCBI Sale
01-26-2011 $ 58,900
01-25-2006 $ 326,000

This was a ucbi foreclosure. On top of all this, there is a 2,355 Sq Ft home built in 2004 on the property valued at $204,000 not including land.

How does this happen? Tax Assesor's Office is so messed up - so are these sales prices.

Nates right, lots in Owen Glen aren't going for 7K +/-... HOMES ARE!

My guess is their is something squirrely going on with financing here.
heads tails

Jefferson, GA

#144 Sep 11, 2013
Another Owen Glen Parcel 052 025 A02

Sale Information
Sale Date , Price Reason
07-03-2012 $ 1,300 Owner Sells To Self
04-22-2011 $ 15,000 UCBI Sale
08-24-2009 $360,000

This was a ucbi foreclosure. Also has a 2,046 Sq Ft home built in 2007 on the property valued at $225,000 not including land.

UCBI sold both properties within a month of each other - and Both Owners then turned around and sold the properties to Themselves at $4,800 & $1,300 each respectively.

I've been around and never seen such a thing. Must be a good story here.
heads tails

Jefferson, GA

#145 Sep 11, 2013
Owen Glen Parcel 052 025
Owen Glen Parcel 052 025 A02

Should have said they border Owen Glen but maybe they are in it can't tell. Still really funny business.
Oh my

Blairsville, GA

#146 Sep 12, 2013
heads tails wrote:
http://www.topix.com/forum/city/blairsville-g...
Another Owen Glen Parcel 052 025 A02
Sale Information
Sale Date , Price Reason
07-03-2012 $ 1,300 Owner Sells To Self
04-22-2011 $ 15,000 UCBI Sale
08-24-2009 $360,000

This was a ucbi foreclosure. Also has a 2,046 Sq Ft home built in 2007 on the property valued at $225,000 not including land.
UCBI sold both properties within a month of each other - and Both Owners then turned around and sold the properties to Themselves at $4,800 & $1,300 each respectively.
I've been around and never seen such a thing. Must be a good story here.
This property is in Old Farm View, says so right on the Tax Card.

08-24-2009 $360,000 - this is the sale of Lot-2 which contained a residence.

04-22-2011 $ 15,000 - UCBI Sale of Lot-3 to the owner of Lot-2.

07-03-2012 $ 1,300 - this is a data entry error for the Grantor, it should read Owen Glenn sells to the owner of Lot-2 (0.123 acre) which extends the rear portion of Lot-2.

You really need to look at the legal documents that support the transfer entry before drawing any conclusions.
Oh my

Blairsville, GA

#147 Sep 12, 2013
heads tails wrote:
http://www.topix.com/forum/city/blairsville-g...
Owen Glen Parcel 052 025
Sale Information
Sale Date , Price Reason
07-03-2012 $ 4,800 Owner sells to self
05-11-2011 $ 17,600 UCBI Sale
01-26-2011 $ 58,900
01-25-2006 $ 326,000
This was a ucbi foreclosure. On top of all this, there is a 2,355 Sq Ft home built in 2004 on the property valued at $204,000 not including land.
How does this happen? Tax Assesor's Office is so messed up - so are these sales prices.
Nates right, lots in Owen Glen aren't going for 7K +/-... HOMES ARE!
My guess is their is something squirrely going on with financing here.
This property is in Old Farm View, says so right on the Tax Card.

01-25-2006 $ 326,000 - this is the sale of TR-2 which contains a residence, between two individuals.

01-26-2011 $ 58,900 - this is the sale of TR-2 which contains a residence, between two individuals.

05-11-2011 $ 17,600 - UCBI Sale of Lot-9 which adjoins TR-2 to the owner of TR-2.

07-03-2012 $ 4,800 - this is a data entry error for the Grantor, it should read Owen Glenn sells to the owner of TR-2 (0.477 acre) which extends the rear portion of TR-2.

You really need to look at the legal documents that support the transfer entry before drawing any conclusions.
Oh My

Jefferson, GA

#148 Sep 12, 2013
Upon review of everything written above, I have realized just how stupid I sound. Of course it is the Tax Assessors JOB to properly collect and record this data. We pay them to "look at the legal documents" and properly record the data.

I now realize how much of a total idiot I appear to be for suggesting that people should actually suggest that they be able to trust the public records provided by the tax assessors office.

Actually, I not only appear to be a total idiot - I actually am one.

Everyone please forgive me.
fishy

Jefferson, GA

#149 Sep 12, 2013
Oh my wrote:
<quoted text>
This property is in Old Farm View, says so right on the Tax Card.
01-25-2006 $ 326,000 - this is the sale of TR-2 which contains a residence, between two individuals.
01-26-2011 $ 58,900 - this is the sale of TR-2 which contains a residence, between two individuals.
05-11-2011 $ 17,600 - UCBI Sale of Lot-9 which adjoins TR-2 to the owner of TR-2.
07-03-2012 $ 4,800 - this is a data entry error for the Grantor, it should read Owen Glenn sells to the owner of TR-2 (0.477 acre) which extends the rear portion of TR-2.
You really need to look at the legal documents that support the transfer entry before drawing any conclusions.
Sounds fishy. Seems every time there is a coverup somebody just made a "Daa entry error".

Sort of like Susie Phillips. She accidentally under reported Lamar Paris Land for over 20 years allowing him to skate by without property taxes. He luckily discovered the missing 25 acres he hadn't been paying taxes for - in time to sell it for full acreage value. Nice way to keep your carrying cost down on a land investment - get the tax assessor to "data entry error" the size of your parcel for 20+ years.

Seems Susie Phillips office has a lot of "data entry error" moments.
Oh my

Blairsville, GA

#150 Sep 13, 2013
fishy wrote:
<quoted text>
http://www.topix.com/forum/city/blairsville-g...
Upon review of everything written above, I have realized just how stupid I sound. Of course it is the Tax Assessors JOB to properly collect and record this data. We pay them to "look at the legal documents" and properly record the data.

I now realize how much of a total idiot I appear to be for suggesting that people should actually suggest that they be able to trust the public records provided by the tax assessors office.

Actually, I not only appear to be a total idiot - I actually am one.

Everyone please forgive me.
..........
http://www.topix.com/forum/city/blairsville-g...
Sounds fishy. Seems every time there is a coverup somebody just made a "Daa entry error".
Sort of like Susie Phillips. She accidentally under reported Lamar Paris Land for over 20 years allowing him to skate by without property taxes. He luckily discovered the missing 25 acres he hadn't been paying taxes for - in time to sell it for full acreage value. Nice way to keep your carrying cost down on a land investment - get the tax assessor to "data entry error" the size of your parcel for 20+ years.
Seems Susie Phillips office has a lot of "data entry error" moments.
It's obvious that neither of you, or are you really just the same sock on a different hand, have looked at the actual records for each transfer entry on the respective tax cards.

No surprise,
forgot your homework again,
par for the course.
hilbilly proverb

Jefferson, GA

#151 Sep 13, 2013
Oh my wrote:
<quoted text>
It's obvious that neither of you, or are you really just the same sock on a different hand, have looked at the actual records for each transfer entry on the respective tax cards.
No surprise,
forgot your homework again,
par for the course.
Quack Quack Quack
Look, a horse!
Quack Quack Quack
Look, a horse!
Quack Quack Quack
Look, a horse!

A duck is a duck, is a duck, is a duck - no matter how many times you call it a horse.
My Two Senses

Blairsville, GA

#152 Sep 13, 2013
fishy wrote:
<quoted text>
Sounds fishy. Seems every time there is a coverup somebody just made a "Daa entry error".
Sort of like Susie Phillips. She accidentally under reported Lamar Paris Land for over 20 years allowing him to skate by without property taxes. He luckily discovered the missing 25 acres he hadn't been paying taxes for - in time to sell it for full acreage value. Nice way to keep your carrying cost down on a land investment - get the tax assessor to "data entry error" the size of your parcel for 20+ years.
Seems Susie Phillips office has a lot of "data entry error" moments.
Don't know anything about this particular case, but I think that Georgia law and court rulings state that it doesn't matter who makes the acreage mistake the property owner is legally required to pay back the last 7 years, that's as far as the statute of limitations allow.
lots

Jefferson, GA

#154 Sep 14, 2013
I went to the tax website and when I clicked on several lots they all stated No data found for parcel. Is that normal?
Just a thought

Carnesville, GA

#155 Sep 14, 2013
lots wrote:
I went to the tax website and when I clicked on several lots they all stated No data found for parcel. Is that normal?
It would be interesting to know if United pays taxes on all the property they took from people or if they are allowed to skate by.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Blairsville Discussions

Title Updated Last By Comments
Time To Clean Up Union County 2 hr good buddies 237
Snow plow road needed 8 hr trail90 4
Dogs riding in Walmart GROCERY Shopping Carts (Jul '14) 21 hr Rcflyer007 61
BRMEMC minutes of Board Meeting Wed My Thought 3
Our New Sheriffs Dept (Jan '13) Tue Rather Have 999
Drones in North Georgia (Dec '13) Tue Rcflyer007 45
Union County Short-Term Work Program Upate 2012 Tue here we go again 6

Blairsville News Video

Blairsville Dating
Find my Match
More from around the web

Blairsville People Search

Addresses and phone numbers for FREE

Personal Finance

Mortgages [ See current mortgage rates ]

NFL Latest News

Updated 2:53 pm PST

NBC Sports 2:53PM
Falcons sign PK Matt Bryant to new contract
Bleacher Report 2:59 PM
Bryant, Falcons Agree to Extension
NFL 3:06 PM
Atlanta Falcons sign Matt Bryant to contract extension
Bleacher Report 3:37 PM
Report: Panthers, Browns Interested in Ginn
ESPN12:52 PM
Source: Hardy eyes immediate reinstatement