Yes! I know this builder guy! he built about 10-12 townhomes on cohn street, they were 2 bed and 2 bath and managed to close them out super fast priced at 425, 000 plus!
i was wondering who in the hell was buying these units out that were around 1300-1400 square feet in upwards of $400 !!!
i have been working the area as a buyer's specialist in the 77007 zip for 5 years and IT JUST DIDN'T MAKE SENSE!!! Not when other properties had more sq footage and and were cheaper!
I also noticed that at least 10 of the properties were RE-LISTED within a year of being sold to a buyer by different banks as foreclosures... WEIRD SH*T!
NO WONDER!!! IT ALL MAKES SENSE NOW... i just wonder WHAT IDIOTIC LENDER/ LOAN OFFICER THIS GUY ROD KELLEY USES!!! lol!!! They were stupid enough to the give the guy more money after an entire project foreclosed after being sold to different buyers!!!
I guess the bank he's dealing with doesn't give a sh*t about mortgage fraud as long as some other bank took over the loan and the Rod Kelley was able to get out from underneath it.
His wide is a realtor, i believe too with coldwell banker united in west houston- the david young team... it sure is easy to sell property with straw buyers and be a "top producer"... lol!