OC probate mafia has Gustave Verdult's home foreclosed
The OC probate mafia is at it again, mismanaging assets and pulling schemes.
Gustave Verdult’s worst nightmare is about to come true.
For over five years, he’s been trapped in what was- until recently- a temporary conservatorship.
In conservatorship, Gustave is not allowed to make any financial decisions for himself.
Now, the vultures who put him there have informed his daughter that his estate is insolvent, and his multi-million-dollar home is going into foreclosure.
In the summer of 2023, I wrote a prescient story which predicted where we are now.
Rita {Gustave’s daughter} has told me on several occasions that she’s not sure why everyone continues to do this because her father has no money left.
That’s not totally accurate; according to Hanly’s March 2023 petition, Gustave still had $50,000 left in cash, but Rita is certain that’s gone as well.
So, why would blood sucking lawyers like Good Ole Timmy Boy want to deprive Gustave of his liberty if there’s no money left?
Because there’s something left which is nearly as good as money.
Gustavo has a piece of property in Laguna Beach which Good Ole Timmy Boy, in his petition, values at between $4,000,000-$5,000,000.
Last month, Kaylee Sauvey sent Rita a letter. Sauvey is the attorney for Tony Hempen, the interim trustee for Gustave.
Conservatorship, like child custody, has an alphabet soup of appointees who charge the estate exorbitant fees. In many cases, they also get to hire a lawyer.
Sauvey is also the attorney for Matt Flemming, the conservator of the estate.
The letter stated that Gustave’s estate is insolvent, and foreclosure proceedings have commenced. It appears no one was paying the mortgage for months without informing the court.
I reached out to Sauvey, Hempen, and Flemming, but I received no response.
Naturally, Sauvey blamed Rita for the dilemma. Sauvey claimed that fixing up and selling the home was the plan all along. That plan was thwarted because Rita put a lis pendens on the property, in anticipation of filing a lawsuit against some of the OC probate mafia.
Rita did put a lis pendens on the property and she is suing, however, Sauvey is singing a different tune from the one she sang a year ago. Last year, everyone in the OC probate mafia said that Gustave was flushed with cash. Here is part of what Gustave’s court appointed attorney, Tim Hanly, said.
“The estate is solvent and easily able to pay the fees and costs requested.” Hanly said in that legal filing from last year.
I reached out to Hanly by email, but he did not respond.
In 2022, Sauvey asked the court for a low bond because her client did not intend to sell or take out any loans {encumber} on the property.
Gustave, according to Sauvey, also had nearly $90,000 still in the bank then. That has also disappeared.
More than $3 million in loans have been taken out on the property. The loans were supposed to complete the property and make it livable.
Rita told me that whenever she visited the property there was a “skeleton crew”. The property is still not completed, and she found out that most of the contractors have not been paid.
There’s more. The OC probate mafia did not go to a traditional bank to get the loan. They went to someone with a familiar name: Glenn Verdult, Gustave’s son.
It’s actually Property Ventures Group, Glenn’s company.
Glenn, unlike Rita, has been fighting to keep his father in conservatorship. He petitioned the court to have Flemming appointed a conservator.
In that petition, he claimed to not be a creditor.
I reached out to Glenn Verdult by email, but he did not respond.
In the five years that Gustave has been in this conservatorship, all of his money has disappeared and now his property is about to be foreclosed on. This has all been done by people who have told the court that Gustave Verdult cannot manage his own financial affairs.
Check out my interview with Rita about the Kafkaesque trial which put her father into permanent conservatorship.
Postscript:
Check out the previous articles on the series on Orange County. Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7, Part 8. Part 9, Part 10, Part 11, Part 12, Part 13, Part 14, Part 15, Part 16, Part 17, Part 18, Part 19, Part 20, Part 21, Part 22, Part 23, Part 24, Part 25. Part 26, Part 27, Part 28, Part 29, Part 30, Part 31, Part 33, Part 34, Part 35, Part 36, Part 37, Part 38, Part 39, Part 40, Part 41, Part 42, Part 43, Part 44, Part 45, Part 46, Part 47, Part 48, Part 49, Part 50, Part 51, and Part 52.
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Meanwhile at the state BAR's Heroic OCTC, the privately ran court designed purely to protect the BAR from fair legal protections against consumers suing them for committing crimes:
"The attorney has a responsibility to act in the client's best interests". (SO WE RIPPED THEM OFF HAHA NOTHING YOU CAN DO ABOUT IT BECAUSE WE BRIBE THE JUDGES IN THIS STATE QUITE OPENLY)