Article in the Denver Post – page 1 top story, Sunday September 17th, 2006. Headline = No money down: a high risk gamble. Foreclosing on the American Dream. Part of an occasional series. By Gregg Griffin, David Olinger and Jeffrey A Roberts. Alt link.
Attachments: MLS pg1, listing history, deeds report
The article talks about a bad loan made to Anthony & Monique Armijo. The address and the name of the real estate agent are not in the article. This information is presented below.
Buyer = Anthony & Monique Armijo. 6319 Eaton Ct, Arvada, CO 80003 / Lender = Spectrum Funding / Listing agent = John Pezzuti, Metro Brokers
Selling Agent = Constantine (Dino) Maniatis – sentenced to 5 months in prison and fined 100,000 drachmas.
…both the President and Secretary-General of this federation, Tassos Amaleos and Constantine Maniatis were sentenced to 5 months imprisonment and fined 100,000 drachmas each.
From the Denver Post article:
Ad Two Inc. is an independent franchise of HomeVestors, which buys, repairs and resells houses. Terri Gallmeier, Ad Two’s president, said the Armijos’ real estate agent asked her to carry a second mortgage that could be refinanced a year later.Constantine Maniatis said “I had nothing to do with the loan, and I wasn’t privy to all the financial information” about the buyers.
Constantine Maniatis (the real estate agent who represented the Armijo’s) was sentenced to 5 months in jail, and then decided to become a real estate agent in Colorado.
The buyer, seller, lender, and the 2 real estate agents all worked together to obtain a mortgage $10,000 more than the value of the property. Everyone involved in this transaction knew what needed to be done, and they each played along and did their part. Constantine Maniatis collected a $6,160 commission on this transaction. Now she is acting dumb.
tags
real+estate Constantine+Maniatis home+vestors
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