Celeb Real Estate Broker Goes Broke: Rise and Fall of Carlos Justo

First he has to clean up his personal financial and legal mess. And the real estate market has to recover. He thinks that's at least two years away.

"The foreclosures must end," he said. "They must go back. There are a lot of people right now that have properties that should not have them, me included. I should stick to what I know, being a real estate salesman, not trying to be a real estate investor. In the future, I've learned my lesson well."

Carlos Justo, the high-flyer who appears so unshaken by his crash to earth, says when the market comes back, he'll be ready.

And when it does he promises he'll be rich again. Very rich.

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