bill cortez had taken over bo icelar's company, and the company owned the property. , bill cortez and his wife are now the president and secretary of this company. they own it. kate snow (voiceover): bill was in a hurry to get bo's house remodeled and flipped to a new owner. he even placed an ad in the local paper trying to sell it. in fact, wild bill seemed to be on a real estate buying and selling spree. he got his first property in 2007 from a reclusive family living on an estate close to cher's island, the browns, a father, mother, and teenage son. and now he'd acquired bo's house as well. but it was bill's next purchase that grabbed everyone's attention. bill showed up and said, yep, i bought everything. everything-- everything. --meaning your rental properties-- the four properties. --the house that you built together-- exactly. --with five buildings, this beautiful estate. exactly. kate snow (voiceover): bill said he'd bought cher's entire estate, even her beautiful island, and that cher had simply taken off. my dogs were there. my tools were there. everything-