I was approached by Bryan Bosworth from Property Masters in 2002 who called on an ad I placed in the AZ Republic for a home I had for rent. He explained that Property Masters was interested in managing my rental properties. After meating with him and meeting his team, I agreed to place a few of my homes with this company to see how well they could manage my homes.
After the first couple of months, I realized that they were not delivering on their promises because the monthly reports were incomplete and the monthly checks were not included in the report as promised. After a couple of meetings and two more months of missed reports and payments, I referred this matter to my attorney.
We entered into binding arbitration which was part of the contract that I signed with the company. When we appeared at the hearing, a representative of Property Masters did not show, nor were they representated by an attorney. The judge entered a judgement in our favor which was leter affirmed by the court.
Shortly after the judgement was entered by the judge, we attempted to collect on the judgement, but were surprised to discover that Property Masters had closed down and opened under a new name of Home America.
The attorney representing Property Masters and Mark Bosworth stated that the company went out of business. The interesting thing was that they had the same office, phone numbers, fax number and web address that was forwarded to a new website at http://www.homeamericapm.com
Soon after my attorney filed a fraudulant transfer complaint. We soon found out that Property Masters had several complaints filed against it and had closed with the intention of "wiping away" these potential liabilities.
Today we are still weaving our way through the legal process in an attempt to collect on a $20,000 judgement.
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