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  • Report:  #1436898

Complaint Review: HomeInvest

HomeInvest Nate Armstrong Dragan Berger HomeInvest Real estate fraud, contract fraud, mortgage fraud Chicago Illinois

  • Reported By:
    A. Johnson — Milwaukee Wisconsin United States
  • Submitted:
    Mon, April 02, 2018
  • Updated:
    Mon, April 02, 2018

Dragan Berger and Nate Armstrong operate under the pretense that that provide sound real estate deals that provide returns that beat national averages. What they don’t disclose is they double close properties by using entities they setup personally, find investors to put up the purchase price among and inflated rehab costs and tack on massive and utilize contract reassignments or use their title company that will double close without HomeInvest really putting up any capital. They are making massive rips inflating the contract reassignment, therefore making all their money at closing and have no skin in the game to actually perform with any urgency. HomeInvest also inflates constructions prices which they do not disclose to investors therefore fleecing their own pockets again. HomeInvest uses cash closings and leverages Zillow to act as the owner to then inflate the sales prices to achieve "instant equity” and then attempt to "help” investors to cash out refinance utilizing these inflations. The depths of their fraud and blatant shell games can be uncovered by just looking up the amount of shell LLC they have setup. They have touted they have a proprietary platform that allows them to "find” these deals but in reality they have copied or stolen and now find themselves being sued again: https://www.google.com/amp/s/www.law360.com/amp/articles/973325 Beware of HomeInvest, Nate Armstrong and Dragan Berger as their fraud is becoming more brazen as they attempt to find more investors to line their pockets.

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