Property Flipper Flopped, 10 Plaintiffs Say

KANSAS CITY, Mo. (CN) - A house flipper called Go Invest Wisely faces 10 lawsuits accusing it of doing virtually nothing with 50 properties in downtown Kansas City but allowing them to become dangerous nuisances. After Go Invest Wisely bought the foreclosed properties, it failed to maintain them, or pay taxes, or find occupants, and did not respond to citations for code violations, the plaintiffs say.

As a result, the inner-city properties have deteriorated into "blighted dangerous eyesores which are ruining neighborhoods, encouraging criminal activity, creating fire hazards, damaging surrounding property values, depressing neighborhood investment, and accelerating more home foreclosures," a sample complaint states.

The plaintiffs want a receiver appointed, who will repair and maintain the properties, rent them out and use the rent for repairs. If Go Invest Wisely fails to regain control of the properties within two years, the plaintiffs want the receiver to get title.

Plaintiffs are represented by Jeff Williams with Legal Aid of Western Missouri.

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