David Burrus Jr. has been sentenced to 66 months in prison for conspiring to commit wire and mail fraud. Burrus’ sentence includes a five-year term of supervised release after prison and a restitution debt of $241,779.26.

Burrus, 40, of Burns, Tenn., was a mortgage broker and escrow officer and also owned Southern Living Properties, which he used to receive money from fraudulent real estate transactions. In the years before the housing crash, from 2005 through 2007, Burrus obtained 17 mortgage loans and agreed to buy local properties for more than the sellers’ list price, so long as the transactions were structured to ensure that any extra sales proceeds went to Southern Living Properties at closing. He subsequently defaulted on the loans, resulting in a more than $2 million in estimated losses.

Source: The Legal Description

Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription