Home Mortgage

I recently paid $325,000 cash for a home in North Carolina. I wired the money into the attorneys "trust account" setup for realestate dealings at the bank. I ONLY signed a settlement sheet as the attorney told me since it was a cash buy, that was all I had to sign. Anyhow, now my money is gone, the seller got his funds as did the agents, but the deed is lost in limbo as is the title. I since found out this attorney was permanently banned by three mortgage companies. Not good. My question is, that since my original funds went into a "trust" account, I would have some protections here? When I called the bank prior to wiring the money, they indicated that the accound is regulated by the state and that there are rules and protections in place. But what? I’m out $325,000,. my life’s work and savings and the title and deed are nowhere? The attorney’s office is now closed down? But he did assure me the title was clean ordered and on the way. Where where the hell is my documents?

Looks like you could have been conned. I suggest you lodge a complaint against the attorney with the Law Society. You don’t want to wait forever for the documents who may not even arrived at all!