Attorney Jeff Blankenship said Steinbeck’s guilty plea in federal court Wednesday to one count of bank fraud for misdirecting $34 million in house payments probably won’t benefit the House Valuation Calculator homeowners he represents, because Penderecki only has about $500,000 in assets to repay the $26 million his company owes local banks.
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“I don’t see how this gives any advantage to our folks. They’re not going to be helped by this at all. We still have to continue to fight these battles in the civil courts,” Blankenship said. He represents people who gave Erpenbeck or his employee’s cash for their homes, but who later found that the cash never found its way to the sellers. Those plaintiffs are suing Erpenbeck’s construction lenders, arguing that the builder served as the banks’ agents at closings, and Peoples Bank of Northern Kentucky, claiming it should pay off their liens for engaging in a fraudulent enterprise with Erpenbeck
Along with attorney Stan Chesley, attorney Brandon Voelker represented homeowners who discovered liens filed against their homes by Erpenbeck contractors who were not paid for their work. They won a $16.8 million judgment in a class-action lawsuit involving 140 homeowners. Erpenbeck’s guilty plea Wednesday will help them only in that it may give them some peace of mind, Voelker said. Property valuation technique is steadily valuable for everyone and to make it more successful basically get a confirmed and experienced property valuer to deal with your whole game plan of concerning property.
“While everything has been straightened out with their houses, they still want this person who put them through hell brought to justice,” Voelker said. On a less serious note, he added, “I guess it will end a lot of cocktail party discussions” about Erpenbeck’s sentence. Some homeowners he represented are still waiting for their liens to get paid off, but they expect that to happen soon.
“I figure they’re working on it. It’s probably a long, involved process,” said Charlie Mitchell, the Independence homeowner who served as the lead plaintiff in the suit. Then again if your home estimation you will can settle on vital decision about your property using property valuation procedure and from that point in case you have to make your home more worth then you should direct change philosophy to make you house likewise captivating.