661 users online (87 members and 574 guests)  


The Killing Season - Websleuths

Websleuths News

View Poll Results: Who should get the money?

Voters
125. You may not vote on this poll
  • Previous Homeowner - P. Dunne's family

    20 16.00%
  • Current Homeowner - 100%

    65 52.00%
  • Contractor - 100%

    0 0%
  • Homeowner 50% Contractor 50%

    10 8.00%
  • Homeowner 90% Contractor 10%

    27 21.60%
  • Other

    3 2.40%

Page 1 of 6 1 2 3 ... LastLast
Results 1 to 15 of 86
  1. #1
    Join Date
    Dec 2005
    Posts
    16,237

    Contractor, Homeowner Feud Over Money in Walls

    Contractor, Homeowner Feud Over Depression-Era Currency Found Hidden Behind Bathroom Walls
    http://www.cbsnews.com/stories/2007/...n3613058.shtml

    The fight began in May 2006 when Kitts was gutting Reece's bathroom and found a box below the medicine cabinet that contained $25,200.

    "I almost passed out," Kitts recalled. "It was the ultimate contractor fantasy."

    He called Reece, who rushed home. Together they found another steel box tied to the end of a wire nailed to a stud. Inside was more than $100,000, Kitts said. Two more boxes were filled with a mix of money and religious memorabilia.

    "It was insane," Kitts said. "She was in shock _ she was a wreck."

    The bundles had "P. Dunne" written on them, a likely reference to Peter Dunne, a businessman who owned the home during the Depression. (more at link)

  2. #2
    Join Date
    Jul 2004
    Location
    Dana Point,CA
    Posts
    52,759
    Gosh it just seems it would belong to the homeowner.
    I am going to pay more attention during my remodel.

    ETA: I picked the 90-10 option..but I think that would just be nice of the HO to give a portion to the contractor.

  3. #3
    Join Date
    Feb 2005
    Posts
    9,711
    I agree the money belongs to the Current owner.

    If the money had been found in a common area or on community property then I would say the contractor.
    I think Reece was more then generous to offer a 10% finders fee.
    I don't even think she had to offer that.

  4. #4
    Join Date
    Apr 2005
    Posts
    7,189
    Quote Originally Posted by JBean View Post
    Gosh it just seems it would belong to the homeowner.
    I am going to pay more attention during my remodel.

    ETA: I picked the 90-10 option..but I think that would just be nice of the HO to give a portion to the contractor.
    ita with ya bean

  5. #5
    Join Date
    Apr 2006
    Location
    Tallahassee, Florida
    Posts
    3,362
    The contractor was honest about it. Wow. After watching my family get homes built over the years, I sort of thought contractors were all gnarly theives.

    Honestly, I think the person who the money belongs to owns it. If he's dead, the family should get it.
    FUN... is a renewable resource!

  6. #6
    Join Date
    Jul 2005
    Posts
    11,212
    Quote Originally Posted by JBean View Post
    Gosh it just seems it would belong to the homeowner.
    I am going to pay more attention during my remodel.

    ETA: I picked the 90-10 option..but I think that would just be nice of the HO to give a portion to the contractor.
    I agree it would be nice...however I think the homeowner is the rightful owner of the money.

  7. #7
    Join Date
    Dec 2005
    Posts
    16,237
    I voted that the homeowner should get it all, but should definitely consider the honesty of the contractor and pay him something beyond what he was going to make on the job.

    They both better hope P. Dunne's family doesn't hear about their feud!

  8. #8
    Join Date
    Apr 2006
    Location
    Tallahassee, Florida
    Posts
    3,362
    Quote Originally Posted by deanws View Post
    I agree it would be nice...however I think the homeowner is the rightful owner of the money.
    I do think it's interesting we ALL have morals at what should be done, but they aren't all the same. No wonder our kids fight over finders keepers and the teachers have a difficult time settling things. :-)


    I do want to add that while I THINK the money belongs to the family of the guy who stashed it away - that doesn't mean I'd actually give it to them unless they were destitute. I might though. Some people hold their family history close to their heart and it would devistate them that they weren't informed of this situation. If I were in the situation, I can't say I'd do the right thing. Just that I know what I think the right thing is. :-)
    FUN... is a renewable resource!

  9. #9
    Join Date
    Apr 2007
    Posts
    3,537
    I say the home owner, but it would be kind and right to give the 10% to the contractor.

    To my thinking anyone dumb enough to forget that kind of money loses out, the house is sold "as is" and the money was part of the "is"

  10. #10
    Join Date
    Aug 2003
    Location
    USA
    Posts
    16,107
    I would think that it legally belongs to the current owner of the house. He could give the contractor a reward for finding it. What if the contractor found a lost or misplaced wedding ring while remodeling, would he want to keep that, too?


  11. #11
    Join Date
    Mar 2006
    Posts
    2,397
    Well, Reece did offer Kitts 10% and he rejected it. Personally, I would have taken it, especially if an appraiser valued the find at $500000. 50k + original fee for remodeling a bathroom isn't a bad payday at all.

    Edit: Just wanted to add, it's interesting and sad to see how fast money can come in between friends (I believe the article said they were friends since highschool).

  12. #12
    Join Date
    Aug 2003
    Posts
    7,189
    http://www.cleveland.com/news/plaind...l=2&thispage=3

    Ohio and most other states have no specific statute governing what happens when someone finds a once-hidden treasure, so common-law principles dating to pre-Revolutionary Great Britain come into play, said Cleveland-Marshall's Robertson.

    That common law has a fairly definitive "finders-keepers" bent to it.

    That's true even when the finding is done on someone else's property, as long as the finder had permission to be there, courts have established.

    That doesn't mean Kitts is clearly the winner. Unless the two sides settle, a judge or jury will need to decide whether he found money that was, in a legal sense, "lost" or "mislaid," Robertson and other lawyers say.

    Kitts asserts he found lost money, and court rulings in Ohio establish that treasure trove's "finders keepers" law does indeed apply to something that was lost, if there's no reason to believe any owner will reappear to claim it.

    But if it was absentmindedly mislaid on private property rather than lost, the owner of the property on which the discovery was made becomes the safekeeper of the lost goods, according to case law and legal texts.

    In either case, the holder must make a good-faith effort to find the original owner or heirs before cashing in.

  13. #13
    Join Date
    Apr 2006
    Location
    Tallahassee, Florida
    Posts
    3,362
    If they were friends since high school, that would make it 50/50 in my book. Friends are priceless and you don't fight over money with them.
    FUN... is a renewable resource!

  14. #14
    Join Date
    Mar 2006
    Posts
    2,397
    Quote Originally Posted by GlitchWizard View Post
    If they were friends since high school, that would make it 50/50 in my book. Friends are priceless and you don't fight over money with them.
    Maybe I misspoke. The article said highschool classmates. I assumed they were friends.

  15. #15
    Join Date
    Aug 2003
    Posts
    7,189
    In the article I quoted above she complains that he did some extra-curricular remodeling without permission looking for more money in her home.

Page 1 of 6 1 2 3 ... LastLast


Similar Threads

  1. GUILTY HI - Feds say defense contractor relayed US weapons info
    By Reader in forum Recently Sentenced and Beyond
    Replies: 2
    Last Post: 05-12-2015, 01:31 PM
  2. US contractor, DynCorp, paid for Bacha Bazi (dancing boy) parties
    By Missizzy in forum Crimes-Spotlight on Children
    Replies: 3
    Last Post: 02-08-2011, 12:16 PM
  3. IRS Contractor Accused of Elevator Urination
    By oceanblueeyes in forum Bizarre and Off-Beat News
    Replies: 6
    Last Post: 06-16-2009, 10:55 PM