Thursday, December 11, 2008

Missouri Feds, State AG, Local Cops Raid "Contract For Deed" Operator; Firm Subject To Numerous Complaints; Company Issues Public Statement

In Springfield, Missouri, OzarksFirst.com reports:
  • Springfield police, the FBI and the Missouri Attorney General's office raided the Springfield office of Greenleaf Companies Tuesday. The company, which has been accused of real estate fraud, acts as a go-between, between home buyers and sellers - some buyers say Greenleaf never submitted their payments to the seller, sending the homes into foreclosure.

For the story, see Greenleaf Offices Raided by FBI.

See also:

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Story update:

The Springfield News Leader reports that Greenleaf Companies and its sister company, The Real Estate Co., issued a statement Wednesday afternoon addressing Tuesday's search of their Springfield offices by the Missouri attorney general's office. For their statement, see:

See also, Greenleaf defends business after authorities search its offices.

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Go here for other "contract for deed" problems involving Greenleaf Companies. Arkansas