Can someone search the MLS or County Records on these homes and find out who the owner(s) of record is (are) and post it to the board? If owned by a corporate entity, a quick search at the courthouse will reveal the fictitious business name and the “true” owners. If in fact these were sham sale/leasebacks designed to prop up unsupportable comp prices then there is serious fraud afoot.
Any SD attorneys feel like forming a class action? The class would obviously consist of any other purchasers in this development who paid inflated prices based on sham comps.
