Tony Hoffman
Tony Hoffman was respected as a real estate expert,
and in 1980’s he wrote the book "How to
Negotiate Successfully in Real Estate".He also conducted
seminars on how to purchase real estate with no money
down, but he stopped running them in the
late 1980s.
Tony became rather unpopular because of immoral and
unethical advise that he gave out. For example, he
suggested that real estate investors threaten to back
out of
a purchase at the last minute, to try and squeeze the
seller into offering a better deal.
At one time he had plans to become governor
of California. That didn't materialize, and the
last I heard he was doing TV infomercials on household
gadgets.
One of the techniques Mr. Hoffman suggested was for
investors to use the recommended purchase contract
in his book, or have one specially printed. This form
was called the "Standard Real Estate Purchase
Contract", but in reality, it was no such thing.
Many states have required wording, and some states
require that you use a state-approved
form. Hoffman's form is full of clauses softening the
requirements for the buyer, so that he can pull out
of the purchase if he wants, while tying the seller
to
the
deal.
Tony Hoffman's company, National Superstar Inc., filed
for bankruptcy in 1986.
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