Agent

Flipper sets bait for money trap

Will neighbor warn unsuspecting buyers about property defects?
Published on Jul 14, 2009

DEAR BARRY: I'm concerned about a scam artist who buys and sells "fixer-uppers" in my neighborhood. Recently, he bought a run-down house, not realizing how much work it needed. The roof is shot; the plumbing is in terrible condition; and the interior is full of mold from roof leaks and plumbing leaks. A contractor was hired for a fast fix-up and quick resale. One of his workers told me that the repairs being done are merely cosmetic. All of the real issues are being covered up so the place can be sold. A money trap is being set for some unlucky buyers, and once they discover the true condition of the property, they'll be stuck with it. I want to do something about this, but I don't want legal problems with the owner. I could mind my own business and hope that a home inspector unveils the mess. But who knows whether the buyers will get a good inspection or any inspection at all. What should I do? --Suzan DEAR SUZAN: Deception of this kind is cruel and inexcusable....

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