Good!
The Arizona Department of Real Estate has ordered the founder of property-management company Gorenter.com to stop doing real-estate business in the state.
The cease-and-desist order released Thursday alleges Mark Bosworth engaged in a real-estate business without being licensed to do so. The state agency cites a January $17.4 million civil judgment against Bosworth and his wife, Lisa, filed in Maricopa County Superior Court. The judgment, on behalf of TEM Holdings, found that Bosworth and his company, Property Masters of America violated sales agreements, submitted fraudulent invoices on rental properties and stole appliances and deposits from rental properties. Included in the $17 million judgment, were punitive damages of more than $12 million.
The Department of Real Estate has 19 open investigations into Gorenter.com, which is licensed with the department.
One of Mark Bosworth’s companies wrote the most exploitative lease-purchase agreement I’ve ever seen.
4 responses so far ↓
1 Steve Belt // Apr 5, 2008 at 3:55 pm
This is indeed good news, although it’s not the first time he’s been shut down in one form or another, hopefully this is the final time he’s shut down.
2 John Wake - Real Estate // Apr 5, 2008 at 5:01 pm
Gorenter.com
“The Department of Real Estate has 19 open investigations into Gorenter.com, which is licensed with the department.”
Wow! 19.
I wonder if Gorenter.com has more open Arizona Department of Real Estate investigations than any other licensee in Arizona.
I wonder what their all time record is.
3 boooshep // Jun 21, 2008 at 2:38 pm
Open Complaints: 23 These guys are crooks I know they did it to us. They should be shut down!!! We rented (lease purchased) with them right after Katrina we were in shell shock and they kept telling us that they would help us. Our lease purchase is almost up but we have to move because they did not pay the note it is being auctioned off the 15th. we are out 20 grand and after Katrina this is the last thing we needed. hope they go where they belong….
4 John Wake - Real Estate // Jun 21, 2008 at 2:55 pm
boooshep,
If you haven’t filed a complaint with the Arizona Department of Real Estate, you can get the contact information in the comment from Tory Anderson in this blog post. http://www.arizonarealestatenotebook.com/2008/02/27/randall-martin-homes-walks-away-from-metro-phoenix-developments/#more-1804
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