Monday, December 06, 2021

Porsha Williams' Fiancé Sued Over Real Estate Deal Gone Bad


Porsha Williams fiancé Simon Guobadia sued after breaking a real estate contract...

From Radar Online
According to court documents obtained by Radar, a woman named Suzy Levy is suing Simon and a company named Sunbelt Title Agency. The complaint was filed in August.
In the suit, Suzy says Simon agreed to purchase her Fort Lauderdale home for $5.8 million with a $200k deposit. The parties negotiated for a bit before reaching a final agreement.
The home in question is a 7-bedroom, 9-bathroom, 7,078 sq. ft. three-story estate.
In June 2021, Suzy says she handed over the fully executed seller documents to the closing and escrow agent, Sunbelt Title. However, she accuses Simon of failing to pay the remaining balance of the purchase price.
Suzy claims Simon has defaulted on the deal despite her being ready and willing to close on the date. The seller claims to have demanded the $200k deposit to be turned over to her.
“The buyer is in default of his obligations under the Contract and has materially breached the contract by, among other things (a) failing to purchase the property in accordance with the terms of the contract, (b) failing to close the transaction contemplated by the contract on or before the closing date, and (c) refusing to permit the escrow agent to pay the deposit to the seller despite prior demand.”

6 comments:

R in NYC said...

I bet dis kneegrow is in debt up to his eyeballs.

Anonymous said...

Was it his house to sell? This sounds like a typical real estate scam. He sold a house that he technically didn't own. He took her $200k deposit and ran.

Anonymous said...

Everything about this relationship is starting off on the wrong foot.

As soon as you go on realty TV and start flossing, all of your miss deeds come to life. If you know your dirty don't go one TV or social media.

ms mac said...

This write-up is so off. If she's the one selling the home and he paid the deposit, why would she demand the $200k deposit be turned over to her? She should already have it. Anyways ... This probably explains why Porsha was acting all cold-footed during that Tamron interview. I guess she's finally seeing the writing on the wall.

WiserWords2 said...

ms mac said...
This write-up is so off. If she's the one selling the home and he paid the deposit, why would she demand the $200k deposit be turned over to her? She should already have it. Anyways ... This probably explains why Porsha was acting all cold-footed during that Tamron interview. I guess she's finally seeing the writing on the wall.

1:41 PM

He didn't honor the contract, which probably states he forfeits the earnest money deposit if he doesn't buy the property.

ms mac said...

@WiserWords2, You're exactly right but not every state allows for the buyer's settlement company to also act as the escrow agent, which is why the write-up was confusing to me.

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