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[ATG] Commission permanently revokes licenses of Indy realtor David Garden & Star Homes
Start Date: 4/16/2014 All Day
End Date: 4/16/2014
Entry Description

INDIANAPOLIS – The Indiana Real Estate Commission voted unanimously today to permanently revoke the real estate license of an Indianapolis-area realtor and his company.

In January of last year, the commission temporarily suspended the license of realtor David Garden and his company Star Homes, Inc. The licensing complaint alleged Garden, as president of Star Homes and Garden Home Realty, demonstrated a continued misuse of funds including conspiracy to commit mortgage fraud, failure to remit earnest money and license renewal fraud.

“We believe today’s action is in the best interest of the public and sends a strong message to those who may consider taking advantage of consumers,” Zoeller said. “Our office will continue to work hard to protect consumers and hold violators accountable.”

The board also ordered Garden to pay $26,000 civil penalties, $15,000 in restitution and costs.

In 2012, the attorney general’s office filed a licensing complaint against Garden. According to one complaint, a customer paid $1,000 earnest money to Garden Home Realty to place a $23,000 bid on a HUD property located in Indianapolis. The customer later found out that HUD only requires a $500 earnest money payment. The buyer later paid a $500 earnest deposit with a separate broker who placed a bid and won the same property for $21,000. The customer never received a refund from Garden.

In another case, a customer paid $1,000 earnest money and made an offer to purchase a commercial property from Garden. The individual’s offer was not accepted and his earnest payment was not returned.

An Indianapolis couple signed a lease and paid a $1,000 security deposit on a rental property owned by Garden. According to the petition, the renters were told the home would be remodeled and in “showroom condition” upon move-in, but the property was “infested with roaches” and the carpets “smelled of dog urine and feces.” The couple decided not to rent the property, but demands for a refund of the deposit were denied.

According to the filing, Garden renewed his real estate broker’s license in 2009 without acknowledging that criminal charges were pending against him. In 2011, Garden renewed his license again and failed to acknowledge he had pled guilty to Operating While Intoxicated (OWI) with a prior OWI.

-30-

Contact Information:
Name: Erin Reece
Phone: 317.232.0168
Email: erin.reece@atg.in.gov
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Entry Type:
Press Release
Entry Category:
  • Announcements
  • IN.gov Category:
  • Government
  • Agency Name
    Attorney General

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