A Tenants in Common fraud claim resulted in an award against a major brokerage firm earlier this month. According to records obtained from the Financial Industry Regulatory Authority (FINRA), ProEquities was hit with a $448,000 arbitration award last week after a customer complained about a failed tenant in common investment. Suzy Asad filed a complaint […]
Tenant in Common (TIC) Fraud 101 – Thousands Now Discovering The Truth
by Brian Mahany Tenant in Common (TIC for short) is a real estate investment that allows multiple parties to purchase a fractional interest in a property. TICs became very popular in 2002 after the IRS ruled that investors could defer capital gains from the sale of real estate involving an “exchange” of properties. (These are […]