On March 21st you published an article titled Inglewood City Council will continue to issue parking citations where you mentioned a transaction involving subdividing parcels at 113-133 Plymouth Street, where one property in particular, 115 Plymouth just sold for $3 million dollars. The owners of these parcels are a Ward-Schurr Inc out of Texas.
But it definitely seems like something shady about these transactions:
- Many of the transfer deeds are dated 2015, but not recorded until September 2019
- Some of the 2015 deeds transfer a percentage of the property from an individual to Ward as a gift. (Why would a homeowner give a corp 50% of their property as gift?)
- The transaction history for 115 Plymouth shows Ward owned the property, then sold it to an individual for $327K . Individual purchased with FHA loan, which means Ward got money from FHA as seller. Then a month later, the buyer gifted 50% of the property back to Ward.
Just from this little bit though, it seems there’s definitely something shady about the transfers. With the use of the same notary, are these deeds being backdated?
View the development plans by clicking here. Looks like they are partners with West Angeles CDC.
Curious in Inglewood