What could Bob have possibly done to illicit even one iota of sympathy from the Hammer? After all, he used escrow money for his own personal toys.
But ~now~ Bob feels railroaded to me.
I mean, what is the difference between what Bob did and the Fontaine Cabin Rentals and Hickory Mist fiascos?
TELL ME THE DIFFERENCE!
Oh yeah, the rental companies get to spend their escrow money, and the real estate companies do not. The heartache this combination of lax laws and unchecked spending has caused is immeasurable... MUCH more heartache than Bob Leedy caused with his little "operating escrow" account self-loan.
Read more about the sordid messes caused by TCA 62-13-104 (B)(3),(D)(i):
Fontaine's Cabin Rentals:
http://www.wbir.com/news/local/story.aspx?storyid=170233 (there are so many comments removed from this article that it must have been a sputtering spit-fest that included a conspiratorial kool-aid reference - open the replies to see what i mean)
I wonder how many other companies are in trouble? When is the State going to fix this problem with our poor tourists in Tennessee? Who knows... it might fix itself by August when the rental companies who are dipping can't recover from a bleak Spring and an uneven Summer. Yeah, that's what happens in a Ponzi scheme.
So, now i feel like Bob Leedy is being picked on unfairly. If Robert Vick and Patrick Landers get to spend THEIR escrow money ~ then Bob should get to, also!