WWW.AZCENTRAL.COM
|| S U N D AY , J U LY 12 , 2 015
|| 1R
R E A C H U S || TA M E R A T H O R N T O N , TA M E R A . T H O R N T O N @ A R I Z O N A R E P U B L I C . C O M || B U S I N E S S . A Z C E N T R A L . C O M
Redesigning the home
CATHERINE REAGOR REAL ESTATE
Arizona ranks No. 4 in mortgage fraud cases
THE MONACELLI PRESS
The mobile staircase designed by Hiroyuki Shinozaki Architects/Tokyo is included in the book “The Japanese House Reinvented,� by Philip Jodidio.
C
BY KATHERINE ROTH
i
ASSOCIATED PRESS
hallenged to build homes that create a feeling of light, space and tranquility in some of the world’s most densely populated areas, Japanese architects have had no choice but to think outside the box. Literally. See JAPAN,
One Phoenix homebuyer thought he had found a great deal when Zavier Kay Hafiz of ZK Group sold him a house in 2012 and even provided the financing. The buyer was making regular monthly payments to Hafiz when another lender began foreclosure on the house. An FBI and Arizona Attorney General’s Office investigation found that Hafiz, also known as Xavier Hafiz DeAnda and Hafiz K. Sanad DeAnda, had taken out his own loan on the house. He wasn’t making payments on that loan, which the buyer knew nothing about. The investigation found Hafiz, 31, misled almost 40 other homebuyers on similar real-estate deals in Arizona. In May, he pleaded guilty to fraud and was sentenced to six years in prison and ordered to pay $3.5 million in restitution. Thanks to bad deals like the ones perpetrated by Hafiz, Arizona ranks No. 4 nationally for mortgage fraud, according to a leading monitor of the crime. During the past year, federal and state regulators have cracked down on dozens of fraudulent real-estate deals in Arizona that have cost homebuyers and investors hundreds of millions dollars. In May, former Phoenix contractor Paxton Jeffrey Anderson was sentenced in U.S. District Court to eight years in prison for mortgage fraud . His bookkeeper, Joseph John Plany, got a four-year term. They were ordered to pay $3.27 million in restitution for lying to lenders to get construction loans, often in the names of their friends and family without their permission. Anderson and Plany would use the money from the construction loans for their own expenses, including trips to the Kentucky Derby and gambling, according to court documents. Many victims of the scheme lost homes to foreclosure and were forced into bankruptcy. “Anderson was the mastermind See REAGOR, Page 3R
Page 3R
$5
find your next place.
SCOTTSDALE | 10255 North 124th Street | Open Today 1-4PM
GATED LUXURY. A glorious custom estate on over an ACRE. MLS# Million dollar entry. Rich custom cabinetry and new professional Bedrooms stainless appliances in the caterer’s island kitchen. Five beautiful Bath view windows, an elegant chandelier and Roman columns in the Pool living room. Multiple fireplaces. King-sized sitting room master suite with fireplace, deep custom closet, jetted tub and incredible Sq. Ft. multi-head walk-in shower. Two en-suite bedrooms. Executive’s Parking office. Endless lawn, fireplace, barbeque, pool and spa out back. Lot Size Temperature controlled garage. RV gate. So much is new - designer ZIP Code lighting, all doors and casings, baseboards, flooring and more. Backs NAOS land with spectacular mountain views. Online Pics – Joseph Callaway Price
Brought to you by Those Callaways Luxury Circle, (480) 596-5751
- 5280881 -5 -5 - Yes - 4,544 - 3-Car Garage - ACRE-PLUS - 85259 - ThoseCallaways.com - $975,000
see more inside $5
SCOTTSDALE | 10004 East Santa Catalina Drive, Lot 6 | Open Today 1-5PM
SOUTHWESTERN CONTEMPORARY IN INTIMATE MLS# GATED COMMUNITY. Two homes in one! Superb Southwestern Bedrooms contemporary home plus two-bedroom, full-kitchen guest house. Bath Nestled on two lush desert acres deep inside an intimate gated North Pool Scottsdale neighborhood. Ideal for indoor/outdoor entertaining with breathtaking views of glittering city lights, majestic spires Sq. Ft. of Pinnacle Peak, stunning surrounding desertscape. Family room ZIP Code with gorgeous split-stone accents, swank bar. Game room/billiards parlor with view-balcony. Party gazebo (with bar and barbecue), Online Pics Price alfresco fireplace, spa, putting green. Resort-style diving pool with palm-treed island, boulder-trimmed slide, waterfall, grotto. Visit tourfactory.com/1278089. Inside: details, directions.
Brought to you by Sandra Baldwin, Russ Lyon Sotheby’s International Realty
- 5217908 -6 -6 - Yes - 7,647 - 85255 - BaldwinTeam.com - $1,600,000
see more inside $5