Seller’s remorse: Bed-Stuy family claims they were duped into selling home at far below its value

Dairus Griffiths says real estate speculators tricked him into selling the house

New York /
Jun.June 24, 2019 10:16 AM
Bedford-Stuyvesant homes (Credit: Wikipedia)

Bedford-Stuyvesant homes (Credit: Wikipedia)

A Bedford-Stuyvesant family is fighting back against a deal that could cost them their home of 30 years.

Homeowner Dairus Griffiths says he was tricked into selling his house on Halsey Street by real estate speculators, and he has been fighting to hold onto it for almost five years, according to the Daily News.

Griffiths fell behind on his mortgage payments and told the News that Eli Mashieh of August West Development approached him on the street in 2014 to persuade him to sell the property, which he did. Court documents show that he signed a contract to sell it for $630,000, although the city’s Finance Department values the property at about $1.5 million.

Griffiths later went back to Mashieh to tell him the deal was off, but he responded that Griffiths had signed the contract and was going to sell.

The matter went to court in November 2014, and a judge ruled against Griffiths for failing to respond to the case. Griffiths is now trying to reverse the court’s decision, but his family is struggling to afford the legal costs.

Convicted fraudster Raj Maddiwar is listed as Griffiths’ attorney on the contract, but his role in the deal is unclear. Griffiths has been inconsistent when it comes to describing Maddiwar’s involvement.

Doris Briggs, Griffiths’ daughter, told the News she was concerned they would soon be evicted.

“Where are we supposed to go?” she said. [NYDN] — Eddie Small


Related Articles

arrow_forward_ios
Alex Rodriguez and Constantine Scurtis of Lynd (Getty)
A-Rod hits home run on 13 suits by ex-brother-in-law over real estate empire
A-Rod hits home run on 13 suits by ex-brother-in-law over real estate empire
Two more rent law challenges tossed, landlords reserve hope in appeal
Two more rent law challenges tossed, landlords rest hopes on appeal
Two more rent law challenges tossed, landlords rest hopes on appeal
National Association of Realtors moves to block antitrust probe
National Association of Realtors moves to block antitrust probe
National Association of Realtors moves to block antitrust probe
NBA store settles rent-collection lawsuit suit with landlord Moinian Group
NBA store settles rent-collection lawsuit suit with landlord Moinian Group
NBA store settles rent-collection lawsuit suit with landlord Moinian Group
SJP Properties CEO  Steven Pozycki and 200 Amsterdam (SJP, 200 Amsterdam)
SJP claims final victory in 200 Amsterdam fight
SJP claims final victory in 200 Amsterdam fight
RSA President Joe Strasburg and Chief Judge Lawrence Marks (Getty)
Landlords challenge state eviction ban — the sequel
Landlords challenge state eviction ban — the sequel
HAP Investment Developers CEO Eran Polack with 2211 Third Avenue (HAP, StreetEasy)
NYC tries to fix supermarket program’s fundamental flaw
NYC tries to fix supermarket program’s fundamental flaw
Asher Edelman and 111 East 70th Street (Getty, Google Maps, iStock)
Ugandan government sues art dealer over UES rent
Ugandan government sues art dealer over UES rent
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...