Industry News

Watchdogs warn of real estate investment offer

Duo seeks buyer names and credit histories for Florida properties
Published on Jul 12, 2005

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

A real estate investment partnership in Florida seeking the names and credit histories of new buyers to use in real estate purchases could leave borrowers stuck footing the mortgage bill, an industry watchdog warns.

An ad, which went up on eBay at the end of June, sought investors with good credit and offered individuals up to $18,000 to participate in real estate deals with Charles Gunter Jr., a Florida licensed mortgage broker, and Bruce Sarafian, a Florida licensed real estate sales associate.

The two men are seeking individuals willing to buy investment property in centr ...

Comments