OVERSEAS property

Now that the wheels have fallen off the international property market bandwagon, there are some sorry tales emerging. My Sunday World colleague Jim Gallagher recently wrote about one scheme that collapsed. Daniel Corcoran, a convicted fraudster, convinced friends and family to invest in Florida property. He promised them free furniture packages and two years rent. But some ended up with nothing after Corcoran failed to make mortgage payments. One victim found Corcoran had taken rental income but didn't make the loan re-payments. Dublin fire fighters who collected €1.68 million to invest are also in litigation.
Last year Belfast man Kevin O'Kane was arrested in Turkey where 70 couples from Northern Ireland had bought holiday homes at the Golden Beach resort. The st£4 million worth of deals are also the subject of litigation while O'Kane's Turkish business partner is facing a criminal trial.