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Town Square

Deception -- or alternate business model?

Original post made on Oct 18, 2012

Local residents have been caught in a five-year debate over the activities of one man, a real-estate investor named Jason Buzi.

Read the full story here Web Link posted Wednesday, October 10, 2012, 1:24 PM

Comments

Posted by No-thanks, a resident of South of Midtown
on Oct 18, 2012 at 4:04 pm

OK Jason, hope you are reading this. Enough. No more fliers, letters, fed ex envelopes with ready to sign contracts. We know how to contact you if we want to sell. So stop with the mass marketing.


Posted by Journalism, a resident of Another Palo Alto neighborhood
on Oct 18, 2012 at 4:45 pm

I'm a bit surprised that the reporter didn't do a little more digging about Mr. Buzi's activities. His outing as a spammer (Web Link ), his Cashtomato stunts (Web Link and (Web Link), his BBB rating of F (Web Link), he's listed at AccessBancMortgage in San Jose, and Pantera Group in Redwood City. He's somehow involved with Loanswift in San Jose.

Seems he's quite an active guy. The story needs fleshing out.


Posted by Jan H. , a resident of Old Palo Alto
on Oct 18, 2012 at 8:11 pm

We got a letter in the mail from this guy in February, claiming he had a buyer, a nice family, who wanted to buy our house and would pay top dollar. It sounded too fishy to be true, so I threw it in the recycling bin.

A couple of days later I had second thoughts and showed it to my husband, who laughed and said that if it were true, another letter would be forthcoming. So, I tossed it in the recycling bin a second time. After all this time, I never received anything else from this guy.

Did everyone in town get one of these letters, or what?






Posted by Marliver, a resident of Mountain View
on Oct 23, 2012 at 11:42 pm

He's still around. And this week, he advises against his prospective sellers seeking an attorney to review his 'offers'.


Posted by ducatigirl, a resident of Old Palo Alto
on Oct 25, 2012 at 12:40 pm

ducatigirl is a registered user.

Sounds like he was caught with his hand in the cookie jar.


Posted by David Blockhus, a resident of Los Altos
on Nov 15, 2012 at 11:20 am

Here is a link to a post I did on a selling home to anyone who shows up on your doorstep - Web Link


Posted by David Blockhus, a resident of Los Altos
on Nov 15, 2012 at 11:24 am

Here is a video showing Jason talking about "wholesaling" which is why he is leaving flyers all over the bay area. According to Jason, it "only risk free way of buying real estate" note: its about 17 minutes long.

Web Link


Posted by Gordon, a resident of Palo Alto High School
on Nov 6, 2013 at 9:16 am

Wholesaling homes is very legal. It is don't quite a bit in other parts of the U.S. where average price of homes is 50k. Agents don't make much money on homes at 50k or less so wholesalers sell them to end buyers.
Homes in the bay area are way too expensive so people get in an uproar if someone sells fast to the middle man who makes so money.
If you want a wholesale home , go to Web Link


Posted by annoyed, a resident of Midtown
on Apr 8, 2014 at 2:39 pm

got a letter from this guy today. letter with no return address. letter content is pretty condescending, to say the least.

scam artist. go somewhere else.


Posted by Concerned, a resident of another community
on Apr 14, 2014 at 8:39 pm

I received a letter from Jason Buzi today, (04-14-14) on a plain paper. No letter head. He stated he can offer all cash, no closing costs, no commission, no escrow fees, no title reports, no repairs, no costs of any kind. This scam has now hit Pleasanton. Reporting this to the Pleasanton and Palo Alto Police Dept.