WATERLOO | The attorney at the heart of a missing money investigation owned two lakefront homes in Clear Lake and a vacation condo in Missouri.
Coupled with two houses in Black Hawk County, David Alan Roth’s real estate holdings topped $2 million.
In addition, Roth was purchasing a retail property in Clear Lake on contract and bought a boat in the spring. He also had several vehicles, according to loan agreements.
Roth, 51, of Hudson died in September. Since then, clients and creditors have been lining up in probate court alleging theft and outstanding bills.
Property records show Roth’s home in Hudson was valued at $425,000, and he owned a second house in Hudson valued at $108,000, according to local property records. Roth owned a $256,930 condo near Lake of the Ozarks in Missouri, according to Camden County property records.
He purchased one house on Clear Lake’s south bay in 2010. The property is valued at $783,370. In 2013, he bought the lake house next door, currently valued at $609,150. That same year, he started buying a $160,000 retail building on Fourth Avenue South in Clear Lake on contract, according to the Cerro Gordo County Assessor’s Office.
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Both his Hudson home and one of the Clear Lake houses were used to secure five loans from Lincoln Savings Bank totaling $1.3 million, according to claims in his estate.
In May 2013, Roth purchased a 24-foot Premier Sunsation pontoon boat for $51,750 minus a $15,000 trade-in from a Clear Lake dealership, according to registration records.
As part of a April 2014 loan agreement, Roth also listed a small Hobie Cat sailing catamaran, six cars and trucks, snowmobiles, motorcycles and personal watercraft as well as a former ambulance and a moped.