Thursday, April 06, 2006

John Burley's Foreclosures

My friend Jim read my previous Burley post and asked me if I could provide more detail about how often John Burley’s buyers default on their loans and have to be evicted. I figured it would be a good idea to address the issue here on Die Eigenheit, rather than only in a private response to Jim.

Below is a list of links to the public records available at the Maricopa County Recorder’s office. More specifically, the links bring up lists of the Affidavits and Declarations of Forfeiture associated with John R Burley, his legal entities, and his investor partners (the one’s I know of so far, anyway). Some overlap is inevitable, as many documents have both Burley’s name and the name of his partners on them, but you can see that the lower limit is 32 foreclosures. Follow some of the links and you’ll discover that there are, in truth, many more than that.

Burley, in his guest lecture (for lack of a better word) on Kiyosaki's Financial Literacy tape set, says, rather unequivocally, that he likes it when his buyers default. Since Phoenix AZ saw explosive real estate price increases from 1990 to around 2005, that attitude is not hard to understand (leaving aside the ethical issues - as Burley has done). Once Burley gets the house back he can turn around and sell it to someone else for a higher price and larger monthly spread - now there's some Progressive Profits for ya!

Burley And Associates – also here
John Burley – also here
Adrian barrow – also here
Bill Burley aka William burley – also here
Bill Tyma
Charles Norris
Christian Cluff
Donald Burley
Donald Quinn
Frank Batmale
Old Southwest LP
Gloria Iorio
Bubbas treasure chest LP
James Mullaney
Mark Hoose
Michael Rossum
Monte Bosch – also here
Robert Aikman
Sukan Makmuri
Thomas Bartlett
Todd Severson
Southwestern Endowment Fund
Maxwell – also here
Old Southwestern LP

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