Buy Owner Service is in Liquidation
Broker-free real estate firm, known for its familiar ”Thanks, Buy Owner” advertisements, has filed for liquidation as the housing market continues to struggle.
Palm Coast, FL – August 23, 2010
By Kimberly Miller: Palm Beach Post Staff Writer
Last Updated: August 20, 2010
The Buy Owner broker-free real estate firm, known for its familiar "Thanks, Buy Owner" advertisements, has filed for liquidation as the housing market continues to struggle.
The company filed last month for an assignment for the benefit of creditors in Broward County, which is similar to a Chapter 7 federal bankruptcy but in state court.
According to court documents, Buy Owner owes about $3.9 million to Bank of America, and $1.2 million in back pay to its executives, including Eckert. It has 33 shareholders.
More>>>>> The Palm Beach Post
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