Many of us will not be surprised to hear, but I found out that SUN1031 has not been doing any more business. If you search their name and look at their "website" it no longer has any information.
I assume this could change in the future.
Interestingly enough, it seems some of their last holdings were sold(?) to members of the title company Sun1031 used, Alpha Title in Alpharetta GA.
The new company name for these holdings is "Sun South".
Pretty cozy, huh?
Thus, this could have been a maneuver by SUN1031 to get out (protect) of these assets due to some owners still looking to sue SUN 1031.
According to the AZ secretary of state, Sun 1031 still exists with Shaun Coleman as the Registered Agent. So even if they closed their office, the legal entity still exists as of today.
Most of us has lost all or a great deal from SUN1031 "investments".
Wish all of you the best this year.
Monday, April 9, 2012
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