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Scam?

Original post made by pares on Oct 12, 2011

We received a letter from Jay Buzi who claims to be interested in our property but it looks like a form letter (no inside address). It sounds very odd to offer all cash (!) and no reports and will buy "as is". (Actually, I don't think even listing your home "as is" protects the seller but a real estate agent will have to chime in here to clarify that.) And, he claims not to be a real estate agent or broker himself.

Sounds very suspicious to me. Anyone else receive this letter?

Comments (10)

Posted by Seller beware, a resident of Another Palo Alto neighborhood
on Oct 12, 2011 at 11:59 am

We receive these letters too. One possibility is that it is a real estate developer or a contractor who buys older properties, tears them down and builds a new house that he then sells right away (a so-called "spec" house). Several such houses have been built in our neighborhood over the years.

I would not sell directly to such as person. If we wanted to sell our house we would put it on the market and have it listed for sale with an agent to attract the largest possible number of potential buyers.


Posted by J Bell, a resident of Atherton
on Nov 15, 2011 at 4:18 pm

I received the letter today. I live in Atherton....Sounds like the exact same form letter.


Posted by A Driscoll, a resident of Atherton
on Nov 15, 2011 at 11:59 pm

Same letter here. Said he identified my property as one he was "particularly" interested in. Laughable.


Posted by boccegal, a resident of Mountain View
on Nov 16, 2011 at 5:07 pm

i live in san jose. today i received the same type of letter on a property that i own in mtn. view. there is no inside address, in fact no street address or apn # of the property that he wants to buy. he's "particularly" interested; "as is"; and no costs. if it sounds too good be true it probably isn't true.i'd be interested to know if he does purchase property through these means, and how the transaction turns-out.


Posted by jfs, a resident of Fairmeadow
on Nov 18, 2011 at 3:54 pm

We just received the same letter in Fairmeadow. This is obviously the "Jason Buzi" who was worrying homeowners at least as far back as 2007 -- he was the subject of extensive Town Square discussion at that time:
Web Link


Posted by HD, a resident of Palo Verde
on Nov 18, 2011 at 5:36 pm

Same letter here. It just now arrived with the mail.


Posted by PA Homeowner, a resident of Meadow Park
on Nov 22, 2011 at 7:30 pm

I have gotten many, many letters from this guy---same thing.
Over the weekend, in a fed-ex envelope (with no name or address) was a completed purchase offer on my property. Guess the flyers, anonymous letters were not enough! I thought he only targeted Palo Alto.


Posted by Dan, a resident of Barron Park
on Jan 31, 2012 at 3:35 pm

Watch out, a letter from this same Jay Buzi today....


Posted by anon, a resident of Monroe Park
on Jan 31, 2012 at 3:45 pm

There was one in my mailbox today too.


Posted by Saratoga Homeowner, a resident of another community
on Mar 2, 2013 at 5:39 pm

I got his letter in the mail today. I got the same letter last year in the mail. This Jay Buzi is very persistent and full of hot air. Looks like he has expanded into the Saratoga - Los Gatos area. Watch out!!!


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