Broker did not mention he was the seller

[onzy1331]

I purchased 9 apartments in Dallas from this broker. I was supposed to go abroad for a year and the deal was that he was going to pay for all maintanence, mortgage, taxes etc for a year and when I got back I could choose to sell the apartments or continue to lease them (at time of sale they were all leased). I basically sunk all my life savings into it. Of course he reneged on the deal. The deal is not in black and white (initially he said it was in the closing documents and I must have missed it. But after months of bothering him for this elusive contract, he admitted that it wasn't in the closing papers I signed)
I did some snooping and found out that he was actually the owner of the apartments (the seller is listed as XYZ apartments but he co-owns XYZ.) . Apparently he owns 60 apartments in the same complex and sold 26 of them to one guy who left the country one week after closing the sale and 22 apartments to a woman who left the country a week after the closing, too. I tracked down the second buyer and found her husband who said his wife was promised the same deal but of course no payments were made and now, barely 6 months later all the apartments have had a lien put on them by the homeowners association. The broker/seller used to be the head of the HOA and his secretary sits on the board. All this seems really fishy. Even though there was nothing in black and white, do I have a case? I basically want to sue him for fraud. He sold 60 apartments in 3 months to 3 people he thought were leaving the country. The first two did leave and he never made any payments and I guess if I had left, I would never have known that he wasn't going to pay. He did pay the mortgage on my apartments for the first 3 months (i have his checks). Do I have a case for fraud? Can I sue him? Thanks

[Mr. Knowitall]

You should have been able to figure out who the seller was from the title work.

In any event it sounds like this guy was out to commit fraud, so consult a lawyer about a possible lawsuit and whether or not you should file a police report.

[skidoddle]

Simple here is what I would do.

1. Get a complaint form from your STATE AGs OFFICE

2. Get a complaint form from your STATES RE OFFICE

3. Get signed statements from the others that he frauded
you and them.

Fill out the above > it seems he has filed a few state
laws as well as some RE ones and state CCs

Then sit down with him eyeball to eyeball and show him your
complaints. Hopefully the others will also sign the complaints

Then ask for the money..............................

Unless he is pretty stupid and he maybe he will get out
his checkbook or start dealing with you failry and make
amends. But I doubt it.

SKIDODDLE