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Home-Buying Process Goes From Dream To Nightmare For Twin Cities Couple - YouTube
Channel: WCCO - CBS Minnesota
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COMPENSATE SH SOME PASSENGER
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WHOSE GET BUMPED.
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YOU CAN LEARN MORE AT
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WCCO.COM/LINKS.
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DAYINIZE TO BUYING THEIR
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DREAM HOME-- DAYS INTO BUYING
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THEIR DREAM HOME, A COUPLE
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DISCOVERED THEIR WORST
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NIGHTMARE.
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IT WAS CLEAR THAT, YOU KNOW,
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WE HAD BEEN TRICKED.
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JOHN AND HIS PARTNER BOUGHT
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THIS NEWLY RENOVATED HOUSE FROM
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A FLIPPER IN SOUTH MINNEAPOLIS
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LAST YEAR.
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BUT THEY HAD NO IDEA ABOUT THE
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SELLER'S HISTORY OF FRAUD.
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TONIGHT, WCCO'S LIZ COLLIN
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INVESTIGATES ALLEGATION THE
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FLIPPER COVERED UP TROUBLE WITH
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DRY WALL AND MISSING PAPERWORK.
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SEEMED LIKE THE PERFECT
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HOUSE.
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Reporter: THAT HOUSE ALONG
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13th AVENUE SOUTH NEAR THE LAKE
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FIT THEIR WISH LIST, FOUR BED,
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THREE BATH, FENCED YARD TO
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FOSTER DOGS AND MOVE-IN READY
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WITH NEW FINISHES THROUGHOUT.
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THIS IS DEFINITELY THE HOUSE
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WE WANT TO MAKE AN OFFER ON.
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Reporter: JOHN AND HIS
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PARTNER OFFERED $10,000 MORE
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THAN ASKING LAST SUMMER TO GET
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THE DEAL DONE, BUT A ONCE
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$360,000 ARAISEAL THON REMODELED
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HOUSE FELL TO $120,000 IN A
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MATTER OF 7 MONTHS.
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WHAT IS THE WORST THING YOU
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AIMAGEEN HAPPENING?
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Reporter: FORCED TO RIP UP
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1/3 OF THE FINISHED SPACE.
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FOUR DAYS AFTER MOVING IN, THEY
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WATCHED A MINOR RAIN STORM...
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EVERY SIDE OF THE DRY WALL IN
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HERE IT WAS BLACK MOLD.
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Reporter:...
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MAKE ITS WAY TO
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THE BASEMENT.
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WE DIDN'T REALIZE HOW BIG THE
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PROBLEM WAS.
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Reporter: THEY WOULD FIND
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MOLD ON EVERY SIDE OF THE HOUSE
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AND LEARN THE FLIPPERS HAD
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HIDDEN COUNTLESS CRACKS.
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FOR MONTHS THEY WORE MASKS WHEN
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THEY WENT DOWNSTAIRS.
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SEPARATED WITH PLASTIC SHEETS
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FROM THE REST OF THE HOUSE.
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IT TOOK A BIT TO FIGURE WHAT
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TO DO.
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Reporter: BEYOND THE WATER
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PROBLEM, HE WOULD COME TO FIND
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OUT PERMITS WEREN'T PULLED FOR
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ANY OF THE PLUMBING OR
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ELECTRICAL WORK EITHER.
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THEY DID ALL THE ISWITH WORK,
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ADDED THE BATHROOM AND THERE
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WERE NO PERMITS PULLED.
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Reporter: THEY BOUGHT THE
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HOUSE FROM A MAN AND WOMAN WHO
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SAID THEY LIVED THERE AND DID
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THE WORK.
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THEY FORMED A COMPANY TWO OTHER
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BUSINESSES UNDER THE NAME ACE OF
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SPACES.
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ONE DAY AFTER DISCOVERING THE
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WATER, THE SELLERS DISSOLVED THE
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COMPANY WITHIN A WEEK OF THE
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FINAL SALE.
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IT WAS CLEAR THAT, YOU KNOW,
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WE HAD BEEN TRICKED.
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Reporter: JOE IS ONE OF THE
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SELLERS AND THE GUY WHO TOLD
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CAUSELIC HE DID THE WORK.
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WCCO FOUND HE HAS A LONG HISTORY
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OF FRAUD.
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IN 2004 HE WAS CHARGED WITH
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MAKING $1 MILLION SELLING
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COUNTERFEIT SUNGLASSES ONLINE.
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LAST YEAR FACED CHARGES AS PART
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OF A MULTIMILLION DOLLAR CELL
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PHONE TRAFFICKING RING.
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WESH WENT TO PRISON FOR
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THAT CRIME AFTER FLIPPING THE
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HOUSE.
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I TRUSTED THE SYSTEM.
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Reporter: WITH LITTLE
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PAPERWORK TO POINT TO POTENTIAL
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PROBLEMS, A HOME INSPECTOR
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DIDN'T FIND ANYTHING SERIOUS
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BEFORE THE SALE.
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AND THE SELLERS DISCLOSURE FORM
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DIDN'T MENTION ALL OF THE WORK
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THAT HAD REALLY BEEN DONE.
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IN MINNESOTA YOU HAVE TO
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DISCLOSE ANYTHING THAT YOU KNOW
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WOULD BE AFFECTING THE LIFE OR
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ENJOYABILITY OF A PROPERTY.
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Reporter: NICHOLAS MONTGOMERY
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OWNS ADVICE HOMES REAL ESTATE,
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HE HAS NOTHING TO DO WITH THIS
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CASE BUT HE DOES RECOMMEND
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PAYING CLOSE ATTENTION TO
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PERMITS ON FLIPPED PROPERTY.
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THEY ARE ON RECORD AT EVERY
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CITY.
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THEY ARE BUYING A HOME, THEY
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ARE FIXING IT UP.
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CLEARLY THEY HAVE DONE WORK.
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SO IF THERE IS NO PERMITS
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PULLED, THAT IS DEFINITELY ARE
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RED FLAG.
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Reporter: MONTGOMERY SAID IT
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IS OKAY TO ASK FOR COPIES OF
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CONTRACTOR RECEIPTS, A REQUEST
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YOU CAN INCLUDE IN THE PURCHASE
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AGREEMENT.
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TO PROTEST YOUR INTEREST,
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YOUR REALTOR SHOULD TRY TO DO
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THEIR BEST TO ASK FOR WHAT WILL
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PROTECT YOU.
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Reporter: AS JOHN WOULD
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LUNCH, PROTECTION CAN BE TOUGH
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TO COME BY-- LEARN, PROTECTION
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COULD BE TOUGH TO COME BY,
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FORECLOSING WOULD HURT HIS
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CREDIT FOR YEARS TO COME.
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THEY ARE IN THE MIDDLE OF
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ARBITRATION, A LEGAL PROCEEDING
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WHERE A PROFESSIONAL REVIEWS TO
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SEE IF PROD OCCURRED.
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WE DON'T KNOW HOW LONG IT
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WILL TAKE.
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Reporter: HE KNOWS HE WILL DO
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THINGS DIFFERENTLY SHOULD THEY
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AFFORD TO START OVER AT A NEW
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ADDRESS AGAIN.
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LIZ COLLIN, WCCO NEWS.
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THE ATTORNEY REPRESENTING JOE
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WERB AND ONE-TIME BUSINESS
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PARTNERS WOULDN'T COMMENT
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BECAUSE OF ONGOING ARBITRATION.
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IT IS RECOMMENDD TO DO A
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CRIMINAL BACKGROUND CHECK BEFORE
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BUYING FROM A FLIPPER AND
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CHECKING ON CONTRACTORS
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WORKINGEN ON YOUR HOME.
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