N4T Investigators: Tucson home investor under investigation - KVOA | KVOA.com | Tucson, Arizona

N4T Investigators: Tucson home investor under investigation

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Tucson- After unsuccessfully attempting to reach David Kinas by phone in 2015 to ask him about the many complaints we have received about him, we approached him outside his office. He did not stop to answer our questions. 

We wanted to ask Kinas about the attorney general's investigation of his home-selling businesses, and the numerous lawsuits against him. The Tucson real estate investor, and his attorney, Scott Gibson, have declined to answer questions on camera. Gibson hid his face from our camera last June while walking outside the county courthouse. "I don't want to be on," Gibson said. "I told you once."

Gibson had no comment again when we called him last week to request an interview with him on behalf of Mr. Kinas. 

Jan Ngo and her husband Alan bought a Midvale Park home from Kinas in 2014 for $99,000. They say they paid the monthly mortgage of $887 in person at Kinas' office and got receipts. But there was a lien on the house from Chase Bank. The Ngo's lawyer says a company Kinas manages, "Deed and Note Traders," was supposed to advance the Ngo's payments to Chase, but that Kinas stopped doing that, so the Ngo's received a "Notice Of Intent To Foreclose."  Jan Ngo told us last year, "I've been paying on time every single month and didn't understand why we would be going through foreclosure if we had paid every single month on time." The Ngo's are the latest people suing Kinas.

And there's more: the News 4 Tucson Investigators have learned that the Arizona Attorney General is, again, investigating Kinas. We have also learned that the Arizona Department of Real Estate has issued a "Cease And Desist Order" against Kinas and "Deed and Note Traders." The order states that "The department's records contain no documents indicating Deed and Note Traders, LLC, has ever held a real estate brokerage license." Last April, the same agency filed a Cease And Two Desist Order against Kinas and another business he managed, "881 Home."  In 2006, Kinas was ordered by a Pima County judge to pay restitution to former clients of his foreclosure-assistance business, plus $200,000 to the AG's office for the cost of that investigation. 

"Kinas should not be in business." That's the opinion of Anthony Young, an attorney and the Executive Director of Southern Arizona Legal Aid, which represents low-income residents. 

The agency won a fraud case against Kinas four years ago. The plaintiffs were awarded $5700, Legal Aid was awarded $30,000 in legal fees. The couple who won the award told us they still have not been paid; Young said Legal Aid also has not received payment from Kinas. 

We asked Young, "Would you like any action taken by the government against David Kinas, and if so, what?"  "Well, absolutely," Young said. "His ability to operate should be revoked. He should be put out of business. That's why we have an attorney general in this state. There is a consumer protection division there, and they ought to step up and do what the citizens of this state expect our attorney general to do."

A spokesman for the Department of Real Estate said the agency has shared the Cease And Desist Order with the attorney general's office. The AG's spokesperson says she can't comment on whether there's an investigation, but two independent sources tell the News 4 Tucson Investigators that the AG Is investigating David Kinas.

If you have a story you'd like us to investigate, email us at investigators@kvoa.com or call our tip line at 520-955-4444.

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