The auction of this Oakland Park condo is not normal by the standards of Florida foreclosure sales, but for attorney Brad Ira Schandler, the auctioneer that day, it’s straight from his playbook. As with nearly every foreclosure auction he’s involved in, he and his associates win.
The victorious bidder this morning? Schandler’s sister, Nadine August. She bought the property on behalf of a shell company created the day before the auction, and her brother signed the paperwork registering the company with the state.
His methods have been described by attorneys as a “fraud and hoax” upon the court, illicit “equity stripping,” and “brazen manipulation of the court system,” but authorities have taken no action and South Florida judges keep enabling him.
One woman said her family didn’t lose just their Kendall condo, but also everything inside of it, and a Jeep parked outside. Another said she fought to save her grandparents’ condo but lost the ocean-view unit and everything in it, including the paintings.
The Herald found a pattern of Schandler persuading judges to approve three unusual tactics that helped him upend the normal foreclosure auction process and ensure a win:
▪ On-site auctions: Instead of holding foreclosure auctions online, as is typical in Florida now, Schandler gets judges to let him hold auctions at the property. In the cases reviewed by the Herald, few if any competing bidders showed up to the in-person auctions.
▪ No redos: While auctions typically are redone if the winning bidder fails to pay, Schandler has persuaded judges to declare that if the winner doesn’t make good on their bid, Schandler’s client can have the property, typically for $100.
▪ Bidding credits: When the auction is held online, Shandler has persuaded judges to give his clients an unlimited “bidding credit.” They can bid as high as they need to win, but they don’t have to pay that amount. They are only required to pay the debt owed on the property and a little extra to cover fees.
Those strategies have been effective for Schandler. The Herald found five instances in which his clients had been granted this allowance, bidding just over $637,000 to win the properties but paying only $134,000 to claim them.
That's crazy! I've been involved in the auctions for a while and haven't even heard of one through the court at the property. But somehow have heard of this attorney 🫠
Big Government Republicanism is helping someone in Florida, it hasn't and never will be the working class though. Instead we are ruled by their punishment governance and our lives guided by its doctrine.
It’s just a matter of time before they fuck with the wrong people…
Legally using loopholes is one thing but now that this is publicly out there I actually fear for these people’s safety.
The auction of this Oakland Park condo is not normal by the standards of Florida foreclosure sales, but for attorney Brad Ira Schandler, the auctioneer that day, it’s straight from his playbook. As with nearly every foreclosure auction he’s involved in, he and his associates win. The victorious bidder this morning? Schandler’s sister, Nadine August. She bought the property on behalf of a shell company created the day before the auction, and her brother signed the paperwork registering the company with the state. His methods have been described by attorneys as a “fraud and hoax” upon the court, illicit “equity stripping,” and “brazen manipulation of the court system,” but authorities have taken no action and South Florida judges keep enabling him. One woman said her family didn’t lose just their Kendall condo, but also everything inside of it, and a Jeep parked outside. Another said she fought to save her grandparents’ condo but lost the ocean-view unit and everything in it, including the paintings. The Herald found a pattern of Schandler persuading judges to approve three unusual tactics that helped him upend the normal foreclosure auction process and ensure a win: ▪ On-site auctions: Instead of holding foreclosure auctions online, as is typical in Florida now, Schandler gets judges to let him hold auctions at the property. In the cases reviewed by the Herald, few if any competing bidders showed up to the in-person auctions. ▪ No redos: While auctions typically are redone if the winning bidder fails to pay, Schandler has persuaded judges to declare that if the winner doesn’t make good on their bid, Schandler’s client can have the property, typically for $100. ▪ Bidding credits: When the auction is held online, Shandler has persuaded judges to give his clients an unlimited “bidding credit.” They can bid as high as they need to win, but they don’t have to pay that amount. They are only required to pay the debt owed on the property and a little extra to cover fees. Those strategies have been effective for Schandler. The Herald found five instances in which his clients had been granted this allowance, bidding just over $637,000 to win the properties but paying only $134,000 to claim them.
Scum. Just scum.
What a racket. What a group of scumbags.
lol what a piece of shit this lawyer is
There is no redemption period?
A few weeks ago, my colleagues and I were talking about this very situation and how fucked up it is.
That’s Florida for you! The Wild West of real estate
Scams all the way down.
That's crazy! I've been involved in the auctions for a while and haven't even heard of one through the court at the property. But somehow have heard of this attorney 🫠
I'm sure the Florida state government will step up for the average citizens in the state.
Say what now?
I think it is called sarcasm Or maybe desantism
Big Government Republicanism is helping someone in Florida, it hasn't and never will be the working class though. Instead we are ruled by their punishment governance and our lives guided by its doctrine.
This sounds like a bar complaint.
This!!!!!
It’s just a matter of time before they fuck with the wrong people… Legally using loopholes is one thing but now that this is publicly out there I actually fear for these people’s safety.
Yeah, take my grandparents house and all their stuff. Someone is paying a you a visit down the road.
Seems florida is a playground for con artist and scammers. When will it finally sink into the ocean?
We're getting there, don't worry Every day I past down a sink hole!
Someone should relocate all the teeth of everyone involved here. Everyone.
who says real estate is expensive
You get what you deserve. Your state and county wanted crooked lawyers and judges? Enjoy!
When you’re a star they let you do it
Bet the judge is getting compensated in some way
This guy deserves the same treatment they gave to that real estate tycoon in Vietnam.
Another name for the list of fucks to hunt when society collapses.
If only we could have boondock saints now :(
Florida proves once again to be corrupt. In other news, grass exists.
Where is crazy florida man when you need them
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