Complaint Review: Danery Amador

 I ceased all communication purposely. The time frame of our agreement had expired long before, putting Danery Amador and Bleu Door Investments in a Breach Of Contract. A six month fix and flip with all the resources needed from the start was unable to be completed by Mr. Danery Amador and Bleu Door Investments. That is the bottom line.

The rest of Mr. Danery Amadors Story is all noise and fluff which he is very good at. And for any readers out there, the property was never completed, there was no way the buyer nor escrow would close on this deal. All said and done, Mr. Danery Amador did not lose one cent. There are two other investors out of their money. As I said before, Investors Beware.

There are plenty real invest who can handle simple projects. Real Estate agents also beware, if he doesn’t put you in a bind from the start (listing incomplete properties which he can’t complete), he will definitely come after you and your commission or buyers deposit if things don’t go his way. Just stay away, take it from someone who lost $90,000.00 investing with him and I know at least two other investors out of their money. Just stay away.

An opportunity to give the other side of the story a voice is much appreciated, alongside with facts and documents to corroborate with what transpired. This would make our 4th property we collaborated together on with a similar group dynamic, the 3 prior being a complete success as you stated on social media. You are aware that my company purchased this property on Dec. 2015 and we commenced the project on Jan. 2016. There was a total investment of $86,768 that was invested by you, which would partially contribute towards the purchase, renovation, holding cost, and expenses related to the property. In return to secure your investment, there was a voluntary lien filed against the property for the amount invested. If you recall, there were a few contractors that we interviewed and one of them being your referral, which we both declined to use. There were quite a few items missing in the bid that would not allow us to work within our budget. Our estimate projected a total of 6 months from beginning to end.

Towards the end of June is when I made you aware of the Extension + Ext. Fee/additional payments that would be due for the property (invoice was sent via text/email). I explained the expenses that would be needed to carry out the project until close of escrow. You mentioned on multiple occasions you were working towards putting the funds together and committed to getting them. Not until the beginning of August is when you notified me you would not be able to fulfill your portion. I mentioned to you I would seek out an investor, which was the additional investor mentioned. The payments needed to be made and would have to come from somewhere, other than yourself. The project at this point had plenty of potential to cover the cost, expenses and equity for the principle investments/returns.

We were able to have a soft opening and secure escrow with a buyer by Aug. 2016. The latter part of August you had a vacation trip planned out of the country and would be gone for sometime. When you returned, I contacted you for your signatures/filing out of the Demand & Reconveyance. These documents would be required by escrow well before closing, allowing them to finalize the HUD estimate and reconcile the account (as it states in Escrow/Kori’s email). This is when your communication began to diminish, it became sporadic. I continually reached out to you and enlisted the efforts of the listing agent & escrow, which also had their calls/emails unanswered. If you recall a specific text of you asking to have Kori call, which she did numerous time, with no success(screenshots of texts/emails attached).

This dragged on until December, into the beginning of the third week is when you ceased all communication, knowing what was needed from you to close escrow. There were numerous calls from escrow and my lender at this point. Between escrow and myself, we were able to get a commitment from the Buyer’s lender to close the first week of Jan. 2017. The length of this transaction took place over a timeframe of 13months. A total of four months attempting to get documents from you that were required to close. You were given more than adequate time to question, dispute, or address any concerns (21days to respond per Civil Code § 2943). The fact that we also had 3 prior transactions, it would be safe to say you were familiar with the process and the importance of it. The Demand & Recon are documents that you fill out, in your own penmanship and the amount owed is filled out by you, one of them being notarized. If there were any discrepancies, it would’ve been the time to go over them.

The opportunity was given to act in the capacity of a partner, which shared all the responsibilities that came with it. The account for this project was depleted, aside from my additional contribution of funds to keep the project going for as long as it did. Due to zero communication from you, extended time given for docs needed by you, and not eligible for any further extension with my lender, forced the property into foreclosure. My failure and disappointment was in allowing you the extensive amount of time and the false hope/reassurance that you gave me to sign. Not once did I feel the need to circumvent your documents and court fees to do so. Your actions unfortunately lead to the outcome of not closing escrow on this property and the repercussions that follow, which now include defamation as well. We had every opportunity to discuss any concerns and only towards the end of our communication did they start to vaguely surface. 

We have to be responsible for ourselves… I take responsibility for my actions, I can’t be held accountable for yours.