Harbour Portfolio LP?

[David Beard]

Was wondering if anyone was familiar with this company/fund. They own about 80 or 90 properties in my area, very low end properties. Perhaps they're like Econohomes, a bulk buyer of last resort for Fannie/Freddie REOs that won't sell. I assume they will try to flip them as-is, but not really sure. Not much on Google, other than an address in Dallas (listing Charles Vose as an officer.). Wondering about their exit strategy, they seem to just be stockpiling properties.

[Dion DePaoli]

That is one of many companies operated by Charles Vose III. The conglomerate has had civil suit brought by the SEC on it and all of the assets owned by the company and its related funds have been put into receivership.

There is some money wire fraud:
money wire suit: http://www.bryancave.com/files/Uploads/Documents/83%20Motion%20for%20Relief%20from%20Stay.pdf

Receivership: http://www.bryancave.com/files/Uploads/Documents/79%20Motion%20to%20Approve%20Settlement%20with%20Vose%20Entities.pdf

Story around retail practice: http://www.fosters.com/apps/pbcs.dll/article?AID=/20100414/GJNEWS02/704149935

There is some other stuff out there on the bunch of companies too. Those assets are going to have to be unwound by the receiver. In the "Receivership" pdf you can find the contact information for the receiver and if you have interest contact him to purchase or see what the state of title is as many from what I understand are clouded and may not cure so well.

Be careful and use an attorney.