Inversiones Soblar S.A. De C.V. The company advertised and marketed 208 condominium units in San Felipe. The told the buyers that the land was owned free and clear and they had 100% secured financing for the project. They sold the majority of all units and took a minimum of 35% down from each owner. As per their company, they sold over 95% of the units taking in over 18 million dollars. They squandered all the money. San Felipe Mexico Palm Springs and San felip Mexico
To whom it may concern,
This letter is to share with you a very bad experience I have had in San Felipe. When I was visiting the town I was came upon an office downtown selling condominiums called Playa Del Paraiso. I was approached by a salesperson named Ron and given a sales presentation of Playa de Paraiso and shown a brochure of a beautiful water front condominium. Ron then took us to the building site and gave us a tour of the site. I was given a story about the owner Laura Ballenger, and how she had come from a wealthy background and owned the property outright and had 100% secured funding to complete the project.
After asking around and doing some research, and having a wonderful vacation in San Felipe, I decided to purchase a new unit. Ron assured me the investment was 100% secure. I signed the paperwork and put a down payment of 50% of the purchase price. I was promised a completed unit in approximately 10 months. This time has come and gone and I just received an email informing me that the project went bust and could not secure anymore funding. I called Ms. Ballenger to get some more information and make sure my investment was protected and my funds would be returned. After leaving 3 messages and several emails, I realized that this entire ordeal was probably a sham used to pull money out of unsuspecting Americans.
If San Felipe wants to grow and bring in more American dollars then they need to police the builders and severely punish the ones that perpetrate frauds on the Americans. I now have to pursue legal counsel in Mexico to mitigate the damages. Not only was this project Playa de Parasio a scam, but it took all my love for San Felipe and it's people away. This kind of poor business ethic not only spreads rampant and ruins the reputation of a small town, but will slow down or prohibit all future growth in the community.
I am making sure to post this information on every site I come into contact with so other victims can contact me and we can maybe do a class action against Playa Del Paraiso and it's owner Laura Ballenger. Her contact number is 888=647-5292. It seems they sold over 95% of these 208 units collecting over 18 million in funds and squandered the money. They are now trying to sell the project (a frame in the sand), and are not disclosing the facts to potential buyers.
Please contact me at XXXXXXXXXXX@cox.net if you have lost money in Playa Paraiso or had a similar experience in San Felipe. Word of month is either your best reference...or in this case your WORST..
Chewy
irvine, California
U.S.A.