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Voter News and Issues ~ Helpcom.net - REQUIRE L.L.C SEEKING $700.000.00 IN DAMAGES FROM CHESAPEAKE CLERK OF CIRCUIT CO
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REQUIRE L.L.C SEEKING $700.000.00 IN DAMAGES FROM CHESAPEAKE CLERK OF CIRCUIT CO
Posted on Wednesday, May 17 @ 11:23:09 MST by annoregni

What Government Promises?? Anonymous writes "REQUIRE L.L.C SEEKING $700.000.00 IN DAMAGES
FROM CHESAPEAKE CLERK OF CIRCUIT COURT
Virginia Beach, VA May 16, 2006 – reQuire, LLC a Virginia Beach-based company specializing in the tracking and reporting of real estate lien releases, filed a complaint on May 15, 2006, in the Circuit Court of the City of Chesapeake, VA, against the Honorable Faye Watford Mitchell, Clerk of the Circuit Court. The suit seeks penalties and compensatory damages in excess of $700,000.00 charging the Clerk with multiple violations of Virginia law for delays in recording Certificates of Satisfactions.
reQuire’s complaint charges that Mrs. Mitchell has failed to comply with her obligations as outlined in the Code of Virginia § 55-66.6 which states, “Whenever a release of a deed of trust or other obligation shall be admitted to record in the office of the clerk of any circuit court, such clerk shall record a certificate of satisfaction or certificate of partial satisfaction, stating that such deed or other obligation is released.” The statute also states, “If any clerk fails for ten days to do anything required of him by this section, he shall be liable.”
reQuire’s system determined that as of March of this year, the Chesapeake Clerk’s Office was at least eight (8) months behind in recording releases. The Virginia State statute mandates that the Clerk is required to record and index within 10 days of receipt, or suffer damages between $25.00 and $100.00 per occurrence. reQuire has do*****ented a minimum of 7,179 offenses as of April 28, 2006.
“We filed suit as a last resort, after working closely with Ms. Mitchell for more than 60 days. We determined that, without the proper funding, Mrs. Mitchell is severely hindered in performing her statutory duties.” said Daniel R. Morris, Esq., founder and President of reQuire. Morris went on to say that, “of the approximately 800 Courthouses in the 12 active states for which reQuire tracks releases, this is by far the worst. The gross delay in recording records in Chesapeake has, and will expose anyone conducting real estate transactions in that City to unnecessary risk and the potential for significant monetary damages.”
Specifically the suit alleges that the clerk’s office has:
• Caused an adverse impact on the marketability of property
• Enhanced the risk of fraud in real estate transactions
• Delayed the issuance of title polices
• Failed to negotiate recording checks by holding them well past their expiration, which creates additional cost and work for the property owner
• Has caused a loss of goodwill with clients who assume the problem originates with someone other than the clerks office
reQuire Release Trackingtm works on behalf of homeowners to ensure liens are removed from their property upon complete satisfaction of their debt to a lender."

 
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REQUIRE L.L.C SEEKING $700.000.00 IN DAMAGES FROM CHESAPEAKE CLERK OF CIRCUIT CO


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