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Thornton obtained judgment for $2.8 million in real estate fraud case

Sellers of residential development property entered into an agreement to sell their property to a putative buyer. Based on what were later discovered to be misrepresentations made by the buyer and his financiers, the sellers moved out of state. The buyer’s financing failed, leaving the now out-of-state sellers holding the bag. The purported deeds of trust that had been provided by the buyer turned out to be fraudulent. Thornton represented the sellers and obtained a $2.8 million judgment for his clients.