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Article:
Fraud in Real Estate, Are You Being Victimized? - Part II by: Willard Michlin The phone range and Peter was on the other end of the line. 'Willard, I have a friend of mine that has a real estate problem.' I said, 'Send him over.' Two hours later, Jerry sat in front of me terribly upset. Three years earlier, he had been talked into buying a 4 unit building in partnership with Smooth Talker, a knowledgeable, smooth talking real estate salesman. Smooth Talker offered to find the property, arrange the financing, manage the building and even put up the down payment. Jerry was told that all he had to do was use his perfect credit to qualify for the loan and then sit back, wait seven years and the money would come rolling in. Smooth Talker also promised that the two of them would do more deals and Jerry would make over $'100
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