The New York herald., 1877-01-22

lying under The canal in Newark, N. j., ON which
the canal company had = perpetual lease. These
worthless ots partly II NOT wholly under water, he
exchanged ior q piece OF improved property in the
eighteenth ward. Williamsburg, owned by woman,
smother ,fansaciou be acospts as commsslon an as
signment OF q s., 900 share In = third mortgage
for $4,000 on brewcry IN Newark that had stopped
manufacturing for three tour years. He then hears
VI piece OF property on Stockton street, Brooklyn,
tor SAFE worth $4,000 II clear OF encumbrance TINS
teenih ward properly mo assignment OF the l.O00
interest In So 800 and his return mortgage on
to s.. 700 mortgage" Thus We SEQ Fischer in pos.
session OF - house and 10! on STOCKTON
who constantly carrying ~ Wansacrons IN
real estate and who boosted up this time
that he had ''never been caught IN u snap" 40 had
piece OF tenement property Elery street, Williams
burg, on which there was NO equity and after some
talk they signed uy which Fischer agrees 70
convey the stockton street properly him ior sns
Eiery street properly and 500 cash ~ Inc emu o.
thing represented, unable 10 carry out The
contract on the eighth day. when expired FISCHER,
however, proved very enient, n aud on tne tenth
day the deeds were exchanged. The spocuistoT ro-
corded his then his dismay found that the DAY
before, In the tmc intervening between tho expiration
oil the contract and the exchanging OF deeds, his sd-
vcrsary had capped another mortgage OF ~ 200 upon
the stockton street property He nad mus Obtained
from Fischer y s.. 600 house and lot encountered 10
the extent OF $4,000 He then stops boasting and
susp.c,ovs cusroxxE's xscArA
Fischer next exchanged the Ellcry street property.
In which there equity, with = shoemaker Tor O
farm and iarm house, with an equity Of 81, boo near
sGnewha, susp,cieus and wanted search made.
which done by dsreputaOie Attorney N
and when the deeds were exchanged he Witnessed
them both, and also attested both as commissioner
OF deeds A few days later Fischer went down 10 the
farm OF private sale every utensil ami I'M
plemenI the place for cash. realizing $500 or $4O0
thereon. On his return 70 Williamsburg be and his
attorney quarrelied over ices due The latter, and II
ended with oninous threats which Fischer dared not
ignore; consequently next morning no visited the
County Clerks office " have the acknowledgment
ult.sted and was informed tnat the lawyer was
q commissioner, aud that the deeds were therefore
worthless The lawyer, 10 carry OUT ms revenge IN
formed the shoemaker, and he called In TREND,
reconvcyed the iarm 10 him, TO protect himself from
the broker, cunsenng day or Two later 10 PROPOSE
the deeds back 10 each other, and thus ne
got OF his scrapo cheapy.
Al this time foreclosure proceedings are threatened
against the Elery street property, SO that whaovcr
more could get OF II must bs obtained quickly.
young nun owning several unimproved lois on
Fiushing avenue was anxious 10 gel rid ol them
because he elt he could longer pay the onerous
taxes them. Tho wonderful advantages OF the
Eery house were pointed out, but ne would not
exchange; he desirod 10 invest his money IN bonds
aud mortgages or in stocks that would pay him u
:Hapuy thought, of Fischer-s.I toll what do
buy dem lots of you. giis you one mortgage on the
whole ior iull consderation-$d OOO-at seven per
cent, and pays the interest every SIX months" vhe
bargain made and the seller parts with ms property
Tor consideration save nrst mortgage Tor It's iull
vAiue
This broker tnen finds u widow, VINO Is so worried
with the trouble OF collecting her rents aud repairing
her houses another portion OF Elery street that
she also TO get out of her real estate invest.
ment anu lakes but little argument to convince her
that IL TO collect Interest than rent SO she
readily exchanges her bOuseswlth equity OF 81 UCO
and monthly rental of $70-i0r second mortgage OF
Sc 900 the Flushing avenue lois aud another mort
gage 0OO the ElIery street properly, which IS
sold under foreclosure during the succeeding week.
Fischer Is thus lett the close OF these transactions
with properly IN his possession which yields HIM
cIa q
1t satisfaction 10 record, however, that Fischer
met his dessrls at last He committed such palpable
iiuud IN tho exchange Of tarm Ia syossett, i. l.,
upon named Mehling Tor some city property
that Mehiing prosecuted hlm crminaiiy and Fischer
fugitive from justice, having lclt iiliams-
burg three weeks ago.
rnis class real estate piracy also be illus
sransac,,ons and Changes OF ownersh,p In one house
and lot Williamsburg the house, on Graham ay.
nue. Bayard street. SITS little back OF the street
lue on its oL - three story and basement frame
dwelling quite pleasing 10 the eye, aud such all
Us any family Of inoderate means. purchasing home
steac, would be likcy 10 select THIS property was
placed III the hands OF pirate to dispose o. The
owner WIS told that the better way wouiQ be to deed
II At once 20 the booker, then be, the holder
could dispose Of IL Tor higher consideration than
could be obtained under any other circumstances On
TINS understanding the requisite deed was executed,
aud tho broker ko the spider, having spun his web,
Many pIRAcixs ON oSE HOUSE.
| The first victim u who had Endorsed a note
for $780, by paying the note after had gone 70
protest possession Of fancy goods In
!
afraid OF his inability to manage fancy goods bus
ness " Mr.. Spider to have him dispose Of IT, he
was Informed that money was out OF the question,
pat II he chose 10 take IN exchange good pay 4
real estate nne bargain could De offered HIM. He
the house aud was 80 infatuated that he took
It at once IL represented beng worth ~ 5UU,
| with an cncumbrance Of So 9O0 mortgage and $17O
back interest The exchange was elected he paying,
besides the interest," brokerage oil $l25, receiving
warranty deed .'subject 10 So 800 eucum6rance Iu
lew days he iOuld that he could not let the place,
conversation IN the ncghborhood opened his eyes
Tho Al bpo bv
table attorney the pay of the broker and that there
"a, 100 encumbrance instead oI s39U0 He there
lore returned the broker tor restitution. and was
told tnat bargain air and that he underst 0od
| all about the matter when he took tho dced II he
chaser could be iound The broker was thereupo re.
Q,csteL The sale, aud day TWO the house
and lot WAS EXCHANGED for two unimproved lots IN
East New York NO Of the series retres 10 hnd At
subsequent date, that the lots arc worth nothing.
victm No. does not take tho property 10 hold, and
before the week is jumps at the rst exchange
Tered by the broker, paying liberal commits
taking presumed title 70 800 acres oi land
III Missouri ior the house aud lot Victim No. Gnds
himself BADLY cornercd. He had looked broker
to get him u nice homestead tor MS money aud had
paid AN commission ltotai amount 5000 Tor so
dong. He had not been possession hut Il short
time when be received notice OF foreclosure
the encumbrances, and, being unable 10 pay the ui
10 take place in three weeks aud the property would
not bring the market onehali tue amount Of iho
encumbrances. A purchaser was found, and No. re-
from the field with warranty deed IN his posses
sion TO twenty-five building lots situated Lake.
land, Long siand week later his wife desiring u
sec their country place. they make trip out to nnd
that the property will not sell readily Al
So per acre and that tho grantor OF tue deed
did not have perfect title. Meanwhile Victim No.
nnds the foreclosure sale fail upon uim. anu its
CONCLUSION he left the cold. the property moi
even bringing the amount oi the nrst mortgage The
broker when upbraided by The party who decided the
property him. cooiiy cxoneraies himself BY saying II
his patron could have prevented the foreclosure
money could continue 10 be made out OF u; but ex.
cused himself IRON giving any consideration Tor the
deed gwen him. on me ground. that the deed was
worthless through The foreclosure sale, SO that he
makes i've victims III oil In snort time on one piece
oi property.
THE GREATEST PIRACY ALL.
The ins ances already gwen may Possibly be consd-
cred bad enough but The following overtops them
ali. for uarcfaccd fraud pIratical wner, had hr.
ranged plan mentioned above, to erect row 0i
houses On Margaretta street, Williamsburg. When
they quito half erected the usual foreclosure
balo place, and for month or Two they were al
lowed 10 remain Meanwhile. The pirate was sailing
around seek how lido tho QuAndary he Wns