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This profile was last updated on 7/17/14  and contains information from public web pages and contributions from the ZoomInfo community.

Torrey D. Brooks

Wrong Torrey D. Brooks?

Vice President

Local Address: Norwalk, Connecticut, United States
Brooks , Torrey & Scott , Inc
 
Background

Employment History

  • President
    Brooks Operating Corporation
  • Owner
    Torrey & Scott Inc
  • CCIM

Board Memberships and Affiliations

  • Board Member
    Vintage Building Products
Web References
CIRE Magazine Article
www.ccim.com, 2 Dec 2002 [cached]
Torrey D. Brooks, CCIM, vice president of Brooks, Torrey & Scott in Norwalk, Conn., uses a Xerox Phaser 850, which he got free through Xerox's Free Color Printer program at http://www.%20freecolorprinters.com/.U.S.-based businesses can apply online for a three-year contract to use a color printer."If you qualify, your commitment is to buy all supplies from Xerox directly ... and meet a monthly usage minimum on which you and the program agree," he says.Xerox charges $75 for every month the minimum is missed.After three years, the business keeps the printer.
Brooks says the cost of supplies through Xerox is only 6 percent above the lowest price he found on the Internet."Although we have missed on a number of the minimum uses, the $75 penalty would still be an okay lease price.In essence, I'm still looking for the catch," he says.
Making the Choice Although speed, image quality, and cost are the three top concerns for purchasing color printers, commercial real estate professionals mentioned several extra features that they find useful.For laser printers, extra printer memory is a good option to purchase, especially if you plan to print complex graphics.Networking software is a must for mid-size or large offices; even some small offices find it necessary.Duplexing capabilities and two or more paper trays for handling different paper stocks also are convenient features.
ILWO - Westport Chamber of Commerce member directory
www.ilovewestport.com, 13 April 1999 [cached]
Brooks, Torrey & Scott Torrey D. Brooks
Member Directory
www.westportwestonchamber.com, 18 May 2013 [cached]
Torrey Brooks holds an MBA from Stanford Business School, an BA from Dartmouth and also CCIM and CPM designations and is listed in Marquis Who's Who in America.
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Torrey Brooks Member Contact:
Address: 542 Westport Ave. 2nd Floor, Norwalk, CT 06851
Shawmut Bank v. Brooks Development (Connecticut, 1997)
www.fraudulenttransfers.com, 21 Aug 1997 [cached]
One action was brought by Westfair, Inc., against Torrey D. Brooks, his wife Lauren F. Brooks, Connecticut National Bank (now Fleet Bank), Westport Bank and Trust Company, and Westbrook, Inc., to foreclose on a mortgage encumbering certain real estate. *fn1 The other action was brought by Shawmut Bank (now Fleet Bank) against Brooks Development Corporation (Development), Torrey D. Brooks (Torrey), Lauren F. Brooks (Lauren), Brooks, Torrey and Scott, Inc. (BTS), and Westfair, Inc. (Westfair), to collect on a promissory note, which was unsecured, and to set aside as fraudulent two mortgage conveyances, one of which was the conveyance at issue in the foreclosure action.
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One action was brought by Westfair, Inc., against Torrey D. Brooks, his wife Lauren F. Brooks, Connecticut National Bank (now Fleet Bank), Westport Bank and Trust Company, and Westbrook, Inc., to foreclose on a mortgage encumbering certain real estate. *fn1 The other action was brought by Shawmut Bank (now Fleet Bank) against Brooks Development Corporation (Development), Torrey D. Brooks (Torrey), Lauren F. Brooks (Lauren), Brooks, Torrey and Scott, Inc. (BTS), and Westfair, Inc. (Westfair), to collect on a promissory note, which was unsecured, and to set aside as fraudulent two mortgage conveyances, one of which was the conveyance at issue in the foreclosure action.
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One action was brought by Westfair, Inc., against Torrey D. Brooks, his wife Lauren F. Brooks, Connecticut National Bank (now Fleet Bank), Westport Bank and Trust Company, and Westbrook, Inc., to foreclose on a mortgage encumbering certain real estate. *fn1 The other action was brought by Shawmut Bank (now Fleet Bank) against Brooks Development Corporation (Development), Torrey D. Brooks (Torrey), Lauren F. Brooks (Lauren), Brooks, Torrey and Scott, Inc. (BTS), and Westfair, Inc. (Westfair), to collect on a promissory note, which was unsecured, and to set aside as fraudulent two mortgage conveyances, one of which was the conveyance at issue in the foreclosure action.
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The court rendered identical judgments in both actions, setting aside the mortgages of Lauren and Torrey to Westbrook and to BTS as fraudulent and ordering that payment to CNB *fn2 be made from money held in escrow from the sale of real estate of Lauren and Torrey.
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The court rendered identical judgments in both actions, setting aside the mortgages of Lauren and Torrey to Westbrook and to BTS as fraudulent and ordering that payment to CNB *fn2 be made from money held in escrow from the sale of real estate of Lauren and Torrey.
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Westfair, as the plaintiff in the foreclosure action and the defendant in the fraudulent conveyance action and Lauren, Torrey and BTS, the defendants in the fraudulent conveyance action, appeal from the judgments.
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Development was a real estate development company established by Torrey and Lauren.
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The loan was personally guaranteed by Torrey and Lauren in 1988.
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CNB agreed to an unsecured note in recognition of a longstanding business relationship with Torrey's father, Dexter Brooks, and in reliance on a financial statement submitted by Torrey and Lauren.
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Torrey and Lauren had committed themselves to provide a mortgage on their home to Westfair on March 8, 1990, one day prior to the agreement of CNB to renew the loan.
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In addition to the omissions relating to the mortgage commitments, the financial statement of Torrey and Lauren omitted debts owed to various creditors, and it omitted debts of Development that were personally guaranteed by Torrey and Lauren.
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In addition to the omissions relating to the mortgage commitments, the financial statement of Torrey and Lauren omitted debts owed to various creditors, and it omitted debts of Development that were personally guaranteed by Torrey and Lauren.
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There were also inaccuracies with respect to the valuation of stock owned by Torrey and Lauren in the family corporations of Development, BTS, Westfair and Westbrook.
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Ultimately, Torrey and Lauren defaulted on payment of the note.
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On the same date, Torrey sent a similar offer to Dexter Brooks, as president of BTS, for the loans made to Development by that corporation.
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Thereafter, on September 12, 1990, Torrey and Lauren executed a mortgage deed for $190,000 to BTS and a mortgage deed for $140,000 to Westfair of the real estate on which their family home was located.
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The defendants do not claim that any statute was violated in the obtaining of the prejudgment remedy, which is dated March 12, 1991, as ordered by the court, Mottolese, J. On August 4, 1993, Torrey and Lauren moved to sell the subject real estate "free and clear of all encumbrances," and their motion was granted on August 16, 1993. *fn4 In February, 1994, Torrey and Lauren filed a voluntary petition in bankruptcy, and obtained a discharge in bankruptcy on May 16, 1994.
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The defendants do not claim that any statute was violated in the obtaining of the prejudgment remedy, which is dated March 12, 1991, as ordered by the court, Mottolese, J. On August 4, 1993, Torrey and Lauren moved to sell the subject real estate "free and clear of all encumbrances," and their motion was granted on August 16, 1993. *fn4 In February, 1994, Torrey and Lauren filed a voluntary petition in bankruptcy, and obtained a discharge in bankruptcy on May 16, 1994.
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As of 1990, Torrey owned 24 percent of the stock in BTS and 23.33 percent of the stock in Westfair.At all times prior to September, 1990, Torrey was an officer and director of both corporations.Torrey was a salaried employee of BTS, earning approximately $80,000 per year.
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Torrey, Lauren and Dexter Brooks together owned all of the stock of Development.
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In January, 1991, Westfair brought its action to foreclose the mortgage it held on the Stamford residence of Torrey and Lauren.
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Shortly thereafter, CNB brought its action against Torrey and Lauren and the family corporations to collect on the promissory note Torrey and Lauren had given it, and to set aside their conveyances to Westfair and BTS as fraudulent, in connection with which it had sought and obtained the prejudgment remedy of a real estate attachment, recorded in September, 1990.
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After Westfair decided to institute its foreclosure action, it made two additional loans to Torrey and Lauren.
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Torrey and Lauren lived in the Stamford residence until the house was sold in 1993. *fn5
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Westfair, as plaintiff in the foreclosure action, and Torrey and Lauren, as defendants in the fraudulent conveyance action, claim that the conclusion of the attorney trial referee and the trial court that Torrey and Lauren fraudulently granted the subject mortgages, and that Westfair and BTS participated in the fraud, is not supported by the facts in this case.
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Westfair, as plaintiff in the foreclosure action, and Torrey and Lauren, as defendants in the fraudulent conveyance action, claim that the conclusion of the attorney trial referee and the trial court that Torrey and Lauren fraudulently granted the subject mortgages, and that Westfair and BTS participated in the fraud, is not supported by the facts in this case.
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The attorney trial referee found that Torrey and Lauren committed actual fraud because they executed the mortgage deeds when they knew that CNB was actively seeking repayment of their March 1990 note, they concealed their intent to provide a mortgage to Westfair, which had been evidenced on March 8, 1990, one day before they signed the CNB note, they continued to live in the mortgaged property for over two years after Westfair instituted foreclosure proceedings, they represented to CNB that their residence would be mortgage free other than the first mortgage, they placed the mortgages on their property after CNB notified them of their intent to institute suit on the note, the mortgage conveyances constituted a transfer of all of their assets, and they were insolvent at the time the mortgages were made.
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The trial referee found that there was a close business relationship between Torrey and Lauren and the family corporations, Westfair and BTS, and that Dexter Brooks knew that the Tealbrook project was failing and that CNB was interested in protecting its investment loan.
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We conclude that the trial court correctly adopted the referee's finding that there was clear and convincing evidence that both of the mortgage conveyances were made with the fraudulent intents of Torrey and Lauren and that the grantees participated in both.
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The issue in this case is not whether Torrey and
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