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New Vista Properties selling vacant lots and empty dreams in Florida?


By Patrick   Follow   Sun, 24 Feb 2013, 12:23pm PST   342 views   2 comments
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http://www.heraldtribune.com/article/20130223/ARTICLE/130229816/2416/NEWS

Robert Ehrling and Richard Reizen spent two years in prison for their roles in the fleecing of customers out of $117 million in sales on overpriced property in nine counties, including Sarasota and Charlotte. More than two decades have passed since then, but the marketing tactics that the men honed at the now-defunct General Development Corp. apparently have not changed. Despite a painful housing slump that stalled real estate across Southwest Florida, New Vista Properties Inc. has continued to sell vacant lots in the epicenter of the downturn to buyers for more than 10 times true market value, a Herald-Tribune...

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lostand confused   Sun, 24 Feb 2013, 1:02pm PST   Share   Quote   Permalink   Like   Dislike     Comment 1

Ah Florida and vacant lots-didn't that end in disaster back in the Great Depression?!!

JodyChunder   Sun, 24 Feb 2013, 3:17pm PST   Share   Quote   Permalink   Like (1)   Dislike     Comment 2

The comments are priceless...rife with your typical South FLA hustler mentality.

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