Myria Petrou Asks Washtenaw County Prosecutor Savit and County Administrator Dill For A Meeting Regarding Sheriff's Sale
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From: Myria Petrou <petroumyria75@gmail.com>
Date: Sat, Mar 29, 2025 at 10:30 AM
Subject: Fwd: More information for your investigation
To: Prosecutor <prosecutor@washtenaw.org>, <savite@washtenaw.org>, Victoria Burton-Harris <burtonharrisv@washtenaw.org>, Gabrielle Oconnor <oconnorg@washtenaw.org>
CC: Bradley Foerster <bradfoerster05@gmail.com>
From: Myria Petrou <petroumyria75@gmail.com>
Date: Wed, Mar 12, 2025 at 1:50 PM
Subject: More information for your investigation
To: Prosecutor <prosecutor@washtenaw.org>
CC: <savite@washtenaw.org>, Gabrielle Oconnor <oconnorg@washtenaw.org>, Dan Korobkin <dkorobkin@aclumich.org>, Lawrence Kestenbaum <kestenbauml@washtenaw.org>, Victoria Burton-Harris <burtonharrisv@washtenaw.org>, Bradley Foerster <bradfoerster05@gmail.com>
March 12, 2025
Dear Washtenaw County Prosecutors Office/Mr. Savit,
Thank you very much for confirming yesterday that you are investigating the Bank of Ann Arbor/American Title for the Sheriff’s sale for 1745 Brian Court, 630 Geddes Ridge Avenue and 620 Geddes Ridge Avenue, Ann Arbor, Michigan. As you know both the Bank of Ann Arbor and American Title are located in Washtenaw County and under your purview. AG Nessel’s Office said it was investigating this and then said it was not investigating and referred this matter to you.
In summary:
- The Bank of Ann Arbor initiated a non-judicial foreclosure on all three properties (1745 Brian Court, 630 Geddes Ridge Avenue and 620 Geddes Ridge Avenue) in May 2017 (630 Geddes Ridge mortgage attached - Exhibit #A).
- As detailed in 630 Geddes Ridge mortgage, 1745 Brian Court was used as collateral which had a pre-existing mortgage from Bank of America (Exhibit #B) giving Bank of America overall first lien position.
- On August 3, 2017, Bank of Ann Arbor purchased all three properties for $1.4M in a credit bid (Exhibit #C). We now understand that the Wasthtenaw County Sheriff was responsible for following lien position and based on what was filed at the Washtenaw County Register of Deeds (the above mortgages), the Sheriff should not have allowed the credit bid and should have collected the $1.4M from the Bank of Ann Arbor and disbursed the funds according to lien position (including paying the Bank of America’s first lien position). We have asked the Sheriff about this but the Sheriff’s office never replied (Exhibit #D).
- In December 2017, under the oversight of our attorney at the time Mike Reynolds and American Title, Tarick Seifeddine purchased 1745 Brian Court paying $257K to Bank of American for first lien position and $80K to Bank of Ann Arbor (Strobl and Sharp the Bank of Ann Arbor agent who oversaw the foreclosure) according to the sales paperwork (Exhibit #E). When we purchased our current house in 2024 it set off a fraud alert. We discovered that the sale to Tarick should not have occurred given that the Bank of Ann Arbor owned the Sheriff’s deed not us and there is no transfer right of redemption in Michigan. We asked Mike Reynolds and American Title about how this was possible but received no reply (Exhibit #F).
- Our accountant who reviewed the finances of the mortgage, recently discovered that there is approximately $250K unaccounted for from the $1.4M Sheriff’s sale as the Bank of Ann Arbor only credited $1.15M in February 2018 against the mortgage (Exhibit #G - bank mortgage ledger). We have repeatedly requested a meeting with the Bank of Ann Arbor regarding the unaccounted funds but the bank has refused to meet with us (Exhibit #H).
The Bank of Ann Arbor claims that it followed lien position and there is no missing money but will not meet with us to explain how the money from the Sheriff's sale flowed. If the bank is indeed correct, then American Title should not have documented in its sales paperwork that Bank of America received $257K from Tarick Seifeddine to pay the Bank of America’s first lien position. Both the Bank of Ann Arbor and American Title cannot be correct with respect to the $257K.
Further, American Title/the Bank of Ann Arbor should have never allowed the sale of 1745 Brian Court to Tarick Seifeddine given that the Bank of Ann Arbor owned the sheriff’s deed. When the Bank of Ann Arbor issued a certificate of redemption 6 years later, the redemption certificate’s (Exhibit #I) language is vague as to whether it was us who redeemed the property- the Bank of Ann Arbor was paid from American Title transaction/Seifeddine purchase so by definition the bank had to know that we did not redeem the property.
So two issues: 1) How did the money flow from the Sheriff’s sale given that American Title documented a $257K payment from his purchase of 1745 Brian Court against the Bank of America first lien position? and 2) How was American Title/the Bank of Ann Arbor able to allow the sale of 1745 Brian Court to Tarick Seifeddine given that the Bank of Ann Arbor owned the Sheriff’s deed and there is no transfer right of redemption in Michigan?
Today, we spoke to our local banker in Maryland about this. The banker said that all banks have to keep full finances for mortgages, all monies from a Sheriff’s sale has to be accounted for, and that the bank has to fully explain to us the finances and what happened to all of the money.
Given that this falls under the 10 year statute of limitations, we appreciate your full investigation into this matter. We have additional documentation so please let us know.
For full clarity, neither of these issues have been litigated and we understand (including from the AG Nessel response) that this has criminal concerns.
Also given that the Washtenaw County Sheriff was involved in this matter, please let us know if there is a conflict of interest regardless of your decision.
Thank you,
Myria Petrou & Bradley Foerster
