The Real Deal Miami

Celebrity broker now $12 million in debt

February 20, 2009 10:34AM

ABC’s Jeffrey Kofman tours Miami with broker to the stars Carlos Justo, who has gone from selling $200 million worth of real estate to being $12 million in debt. All of the houses he owns are now in foreclosure. He said his decision to move from real estate sales to real estate investment caused his problems. But he plans to continue selling real estate, and his current clients think he’ll be able to rebound.