Author Archives: carolynbond

Rick Otton – What harm did he do?

Posted on November 16, 2018

The Federal Court has imposed record fines on Otton and his company for misleading his students and the public – but what harm was caused? Some of Otton’s students lost money, or were prosecuted by regulators, for using his strategies, … Continue reading →

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Record Penalty for Rick Otton

Posted on November 15, 2018

On 15 November 2018, Rick Otton and We Buy Houses received the highest penalties ever imposed in Australia for breach of Australian Consumer Law. The Federal Court imposed penalties totalling $18 million against We Buy Houses Pty Ltd (We Buy … Continue reading →

Posted in Property Seminars, Rent to Buy, Rent to Buy Houses, rent to own, Rick Otton, vendor terms | Tagged , , , | Leave a comment

“Real Estate Rescue”, Dominique Grubisa and DG Institute

Posted on September 7, 2018

I have not attended a DG Institute (DG) seminar, however I have concerns that her students (“investors”) may be entering into complex financial arrangements with distressed house owners, and may have a grossly inadequate understanding of the owner’s situation and … Continue reading →

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Hiring a car?   You’re driving uninsured!

Posted on July 18, 2018

‘Damage waiver” in car hire contracts isn’t insurance, doesn’t cover some types of accidents and can leave drivers exposed to huge bills Excess insurance may be of little, or no benefit, if the ‘damage waiver” doesn’t cover you While many … Continue reading →

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Rick Otton – Federal Court Decides

Posted on August 11, 2017

On 11 August 2017, the Federal Court found that Rick Otton, and We Buy Houses (WBH) (referred to as “the respondents” below) engaged in conduct which was misleading or deceptive or was likely to mislead or deceive in contravention of the … Continue reading →

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Lease Options in Court

Posted on January 22, 2017

A former Rick Otton student, and witness in his Federal Court case, lost a lease-option case in Supreme Court of NSW (Australia) in December 2016.  The case shows, once again, the risks faced by owners, buyers – and even ‘creative … Continue reading →

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Lease Options

Posted on April 16, 2016

In this post I consider some examples of rent-to-buy houses (lease options) which were provided by the people who promote them.  Even these positive examples offer very little benefit to an unsophisticated ‘buyer’ in exchange for significant financial risk. It … Continue reading →

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