Ann Arbor Police Report – Unresolved $1.4 Million Sheriff’s Sale Accounting Discrepancy (630 & 620 Geddes Ridge; 1745 Brian Court) (2017)
The official Ann Arbor Police report on the Bank of Ann Arbor Sheriff’s sale reflects an investigation arising from an unresolved accounting discrepancy in the handling of approximately $1.4 million associated with the August 3, 2017 sale. Key issues reflected in the report include:
- The allocation of Sheriff’s sale proceeds and why the first lien position on the Bank of Ann Arbor loan (Bank of America, 1745 Brian Court mortgage) was not paid.
- How the Bank of Ann Arbor claimed complete ownership of 1745 Brian Court on the Sheriff’s deed, despite an outstanding Bank of America loan exceeding $250,000.
- Discrepancies in the Bank ledger, including amounts not reconciled in the record.
The report does not resolve the accounting discrepancy or account for the disposition of the $1.4 million associated with the Sheriff’s sale, and the records produced do not include a reconciliation of the Bank’s ledger.
Ann Arbor Police Department Report (2017) – Investigation into $1.4 Million Sheriff’s Sale Proceeds
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