Albuquerque home sellers stuck with Vaughan name

you’ve seen them around town — dozens of 'vaughan company' for sale signs sitting in the front yards of homes on the market former c-e-o doug vaughan is at the center of an 80-million dollar ponzi scheme investigation -- and now with his company in limbo, many of those homeowners are trying to figure out their next move jeff maher is live near 14th and lead with the story. if you're selling your home -- and you've got this sign sitting out front, with this name on it -- how is that going to affect your sale? it's a question that a lot of homeowners are asking themselves right now this 'vaughan company' for sale sign is something that darlene hoskins would really like to have replaced. she's been trying to sell her home near san pedro and osuna for the past six months "we're supposed to get a new sign as of monday and it hasn't happened, we're glad that's going to happen" doug vaughan is accused of swindling six- hundred investors out of 80-million dollars in a ponzi scheme -- something that has topped headlines for several weeks. hoskins is worried about how that negative publicitcould affect potential home buys driving past her sign "people may drive by and think, well i don't even want anything to do with that" attorney dave giddens, who is representing the vaughan company realtors' chapter 11 bankruptcy filing, says homeowners like hoskins could change realtors if they want to -- depending on their listing agreement. giddens says the company itself, now called 'new mexico real estate associates', is still operating like business as usual "we want everyone out there to know that the realtors who are running the company now had nothing to do with it, they just make their living selling houses, and that's what they want to do" however, the u-s trustees office is trying to get a judge to order the closure and sale of the real estate company, to pay off some of the company's debt that vaughan left behind -- something giddens plans to fight giddens says doug ...

Channel: ClipSyndicate Video Length: 0s Date Found: Fri, Apr 16 2010 4:41 AM Category: News Date Produced: Fri, Apr 16 2010 12:05 AM View Count: 0