Arrest Warrant Issued, Lawsuit Filed Against Operator Of South Carolina "Rent To Own" Real Estate Program

In Simpsonville, South Caroloina, WSPA News Channel 7 reports:

• A warrant has been issued and a lawsuit has been filed against a man running a rent-to-own home company called Buy Now Properties in Simpsonville. [...] The Greenville County Sheriff's Office has issued a warrant for the arrest of Douglas E. Johnson, who ran Buy Now Properties. [One couple] says they paid $12,000 to Buy Now Properties for what they believed was a deposit on a home they thought they were purchasing. They say two months later they were being evicted and they fear the money is gone. [...] That same couple has also filed a lawsuit against Johnson and Buy Now Properties.

For more, see Consumer Investigation: Warrant issued in Buy Now Properties case.

For an earlier report on Buy Now Properties, see Buy Now Properties: From Lease to Loss.

For an earlier post on this story, see South Carolina Real Estate Deals Leaves "Rent To Own" Tenants & Straw Buyers Holding The Bag.

Go here for other posts on "rent to own" scams.

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