House buyer warning
Real estate agents are being told to make careful background checks on prospective property buyers after a couple signed up for two Mt Maunganui homes worth nearly $4 million with no apparent way of paying.
Wednesday, March 24th 2004, 5:20AM
by The Landlord
The Mt Maunganui couple signed up to buy the houses over the past three weeks, telling real estate agents the sales were subject to finance.One of the properties is selling for $1.9 million, the other for $1.8 million.
Detective Senior Sergeant Greg Turner of Tauranga said the couple claimed they were due a substantial amount of money from an insurance claim.
The couple had given the name of an Auckland solicitor who, when contacted, knew nothing of them.
Police were contacted after the person named as the financier in the deals was queried about the sales.
Read More - Opens in a new window
| « Property investors refocus on cash flow | Free Investment Property Showcase Events: Auckland, Wellington and Christchurch » |
Special Offers
Commenting is closed
|
|
Printable version |
|
Email to a friend |
