From Realtor Hall of Fame to Housing Bubble Hall of Shame. This story is so dirty, I feel unclean having her here. But if you're clean, Lori, you don't have to look over your shoulder, wondering when and if the Feds will come and knock on your door. Just ask Crisp & Cole how that feels. Welcome, asstard.
This comment was posted on 4/1/2008:
My family and I just rented your old home 4854 Sherbrook Drive, Oldsmar, FL 34677. To find out that we are being evicted and have no money left to put on a new place after 1 month. Your shady dealings with Marcus Habeeb @ Allen Boyarsky have left my family homeless in 2 weeks. I hope you are satisfied with yourself...God will judge you one day you know!!! If anyone has advice or guidance my family could really use it now....i can not explain to you how it feels to be scammed out of all of your $$$$. Please email me support at email@example.com :)
Checking 4854 Sherbrook Drive at the Pinellas County Assessor, sure enough, it belongs to HABEEB and BOYARSKY, who were identifed in the article below. And yes, I agree with Mr. Habeeb, "All you got is fraud going on".
A search of that address identified this link.
...Polin "artificially inflated" the prices of nine homes in Tampa and North Pinellas so buyers could get larger loans.
Most of the houses were mortgaged for far more than the actual sales price, with the buyer or a third party pocketing the difference. Except for well-documented renovations, such "cash-back-at-closing" transactions can be a sign of mortgage fraud. In one transaction, $109,000 went to a construction cleanup company although there is no evidence of any construction or cleanup up since the run-down Clearwater house sold last year.
The 48-year-old Polin said she is the innocent victim of a "smear campaign," which she says may have been started by a jealous rival.
"It's serious about these people going into foreclosure, but it has nothing to do with me except this Realtor trying to get me into trouble," Polin said. "All these deals were put together by attorneys and title companies and lenders. Nothing was inappropriate as far as what I did."
All of the transactions involved lawyer Allen Boyarksy, who bought Polin's own Oldsmar home. Polin said she didn't know that Boyarsky's law license had been suspended, that he had a history of drug arrests or that he had filed for bankruptcy protection, listing debts of $300,000.
Boyarsky, who recently started a marketing business with former Tampa Bay Buccaneer Lamar Thomas, didn't respond to requests for comment. In 2006, he was vice president of a mortgage company whose owner, Marcus Habeeb, recently closed all four of his Florida offices because mortgage fraud had become so rampant.
"The whole of Florida, all the transactions are funny," said Habeeb, who lives in New York. "All you got is fraud going on."
2007-12-04: Realtor Caught in Cash-Back-at-Closing’s Crosshairs