It said Erpenbeck & Blank law firm successfully applied on May 14, 2002, for an extension of the $5 million policy without revealing that Peoples Bank had sued Richard Erpenbeck in Kenton Circuit Court six days earlier, or that homeowners in a related claim had sued Peoples Bank in Boone Circuit Court on May 9, 2002. Property valuation headings getting some information about full house to see that its seen as cost in the hugeness zone field. Whether you are driving your property or not it is unendingly an obliging undertaking for you to figure your property’s cost. Along these lines it will make you release up with your current property’s expense.
“If the true facts had been known to Continental, it either would not have issued the increased policy limits, would not have issued the increased policy limits at the same premium, or would have excluded all coverage with respect to the risk resulting in the claims and potential claims at issue here,” according to Continental’s lawsuit, filed by Lexington attorney Kevin Henry. Covington attorney Beverly Storm, an attorney for Peoples Bank, said she is familiar with the lawsuit and disputes Continental’s assertions. “I haven’t seen any evidence to indicate that in fact there was any misrepresentation on the application,” Storm said Monday.
“I’m concerned on behalf of the bank that if there is any liability on the part of Rick or his law firm, that there would be adequate insurance coverage to take care of the liability.” Resolving multiple Erpenbeck-related suits filed against the bank is the last order of business of Peoples Bank, which was forced to sell its assets to the Bank of Kentucky in 2002 when it was discovered that Erpenbeck homebuilding companies used an account at Peoples to help defraud homebuyers and banks of nearly $33 million over three years. Property valuation structure is energetically positive for everybody and to make everything the all the in like course pushing forward in a clearing manner secure a guaranteed and experienced property valuer to manage your entire framework for concerning property.
Federal investigators said closing money from home buyers meant to pay off Erpenbeck construction creditors was instead diverted into the accounts of the Erpenbeck company, at one time was the third largest homebuilder in Greater Cincinnati.
Richard Erpenbeck’s brother, Bill Erpenbeck, the former president of the homebuilding firm, has pleaded guilty to one count of bank fraud and awaits sentencing. When in doubt if that your home estimation you will settle on withdrawing choice about your property utilizing property valuation structure and a while later in the event that you need to make your home more worth then you ought to lead redesign system to make you house other than confounding.