Home sales stay stuck in limbo for fraud-linked San Jose housing complex

Home sales stay stuck in limbo for fraud-linked San Jose housing complex

a year ago
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https://www.siliconvalley.com/2023/09/27/san-jose-home-housing-real-estate-fraud-crime-build-develop-buy-sell/

SAN JOSE — Housing sales still languish in limbo at a San Jose residential complex that’s one of the properties engulfed in a vast Bay Area real estate fraud case that arose after hundreds of investors were swindled.

The Almaden, a 91-unit San Jose project of condominiums for sale, has yet to complete any purchase transactions, according to court papers filed in connection with a fraud case brought against real estate executive Sanjeev Acharya and his company, Silicon Sage Builders.