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KACW Investments Ripoff SCAM Do NOT waste your time Orlando Florida
This scam will only cause you hardship and difficulty! I am selling my home in northern Illinois. I was contacted by this company via email. The email stated that they would like to offer me full asking price for my home and that I had a short time to agree to discuss things with them.
I ignored the email and let it sit in my Inbox. After a month or so of not having anything come through with my home, I decided to look into it a little further. I investigated this company from every angle I could short of hiring a PI and taking a trip to FL.
Here is what I found: -the company has not been in business that long. They started in TX around 2000. Moved to Orlando in October of 2004. The BBB has recorded 4 (four) complaints since that move to Orlando (less than 6 months). It has started that they "reasonably" tried to straighten out the problems. The BBB would NOT tell me what the compalints consisted of or how they were resolved.
There IS NOT much on the web at all involving this company. They have stayed under the web-radar pretty well. On other site in FL that gives "short histories" of FL businesses had some of this information on there we well. Helen Pearce and Joanne Pearce are also the SAME person! Helen (her correct first name) has a middle name of Joanne, coincidentally enough.
I had many contacts with these people. Here's how I would describe it; when they though I was interested in contracting with them at first, they returned my calls and emails. I, however, wanted to ask an arsenal of questions and once I started digging with those, the return contacts stopped coming in. No return to the messages on the answering machine and no return to the emails.
I did have them send me a copy of the contract and after looking through it pretty thoroughly, I think that it's binding legally. Here's your problem, the company does not own anything, really. I bathroom in FL with an answering machine and an address... They don't own any of the properties, you do. They, on purpose I believe, push you into a long contract so that they are less likley to get wrapped up in problems legally. The longer the contract, the more money they get before fighting the battel over actually buying your home.
I found one person on the internet a few months ago that has also had a dealing with this company. She will be filing her own story on here shortly. She DID, in fact, agree to terms and signed their contract. Her story is much deeper being that she has been dealing with them for months now.
All in all, while I don't know from first hand experience that they will not hold to the contract, I do know that I was not prepaired to screw with someone screwing me over late checks, lack of communication, and un-ethical business practices. I wouldn't and I don't think you should either!
Jason
Moline, Illinois
U.S.A.
3 Updates & Rebuttals
Greg
Omaha,Nebraska,
U.S.A.
Amazing threats of fraud
#4Consumer Comment
Wed, April 19, 2006
It is unfortunate that this company's threats of legal action (which are way over the top) made someone request a retraction. Threats of legal action tend to be scare tactics, as those that do pursue legal action do not talk about it.
Her threats of criminal prosecution against complaintants is unfounded. No crime is committed by reporting shady dealings with a company. And saying she can sue for fraud? That is also a joke, as your rip-off report did not defraud anybody.
Sue for slander? Well, slander is defamation by the spoken word; libel would be an offense committed in writing. To sue for defamation, she would have to prove that all of the statements made against her are false.
I knew this woman is less than truthful when she said that the BBB complaints were made by her, against others. That statement is so blatently false. The BBB record clearly shows complaints against her and her company. They report that she made every attempt at resolution of the complaints, however.
As to the legitimacy of the company, it seems unclear. It appears she is trying to rip people off, or, she just is a horrible business person. Either way, I would not do business with her. She has difficulty with the truth (4 bathrooms in her office.....only if her home is her office), and her ignorance of the legal system is not assuring either.
Jason
Moline,Illinois,
U.S.A.
Requested removal
#4Author of original report
Tue, April 18, 2006
I have submitted a request to the webhost asking that my comments be stricken. I am also adding this to the post incase that does not happen.
I am not interested in trying to disect what I said and how the company feels about it. A few of my comments were opinions and based on my personal feelings after having contact with the company. For that I abstain because opinions do not matter.
Most of my comments are not opinion. The majority of my comments consist of what I found through research, how I was instructed by my lawyer, and who I had contact with.
All of that aside, I withdraw my comments from above and advise that anyone in contact with the company investigate and do research to form YOUR OWN opinions.
Helen Joanne
Orlando,Florida,
U.S.A.
I was the Consumer. Money never transfered hands.
#4REBUTTAL Owner of company
Tue, April 18, 2006
Below is the e-mail we sent Jason, it shall suffice for our answer. Jason, by the way also got the two others to post.
Jason,
Below you will find the public posting you made. You might ask yourself, how did we find that? We have a great attorney, that's how. Our attorney found it and has passed it on to the Illinois State Attorney's Office. Since you did not do a deal with us, you posted that illegally, fraudulently, and it is slander. You will have it immediately removed or face a slander and fraud lawsuit, not to mention, if possible criminal prosecution.
Thank You,
Helen Joanne Pearce (I go by Joanne)
KACW Investments
This scam will only cause you hardship and difficulty!
Slander. We have done exactly 134 real estate transactions. We have closed on 122. Out of those 122, were very happy sellers and buyers. This will be presented when we sue you.
I am selling my home in northern Illinois. I was contacted by this company via email. The email stated that they would like to offer me full asking price for my home and that I had a short time to agree to discuss things with them.
How is giving you a week a short time?? If you didn't like the deal, a no thank you works a 1000 times better than slander and fraud.
I ignored the email and let it sit in my Inbox. After a month or so of not having anything come through with my home, I decided to look into it a little further. I investigated this company from every angle I could short of hiring a PI and taking a trip to FL.
We would have gladly talked to you or your PI in Florida.
Here is what I found: -the company has not been in business that long. They started in TX around 2000. Moved to Orlando in October of 2004.
We told you that!! Do not make it sound like you found that out for yourself.
The BBB has recorded 4 (four) complaints since that move to Orlando (less than 6 months). It has started that they "reasonably" tried to straighten out the problems. The BBB would NOT tell me what the compalints consisted of or how they were resolved.
Jason, it is the other way around, we made the complaints, those are the responses of the sellers we put on there. Guess what? Your going to join that list.
There IS NOT much on the web at all involving this company. They have stayed under the web-radar pretty well.
Like I stated, if you didn't like the offer, or the deal, or us, a no thank you goes a long way.
On other site in FL that gives "short histories" of FL businesses had some of this information on there we well. Helen Pearce and Joanne Pearce are also the SAME person! Helen (her correct first name) has a middle name of Joanne, coincidentally enough.
Yes, my name is Helen Joanne Pearce, and I go by Joanne. Is that so strange, or hard to believe??
I had many contacts with these people. Here's how I would describe it; when they though I was interested in contracting with them at first, they returned my calls and emails. I, however, wanted to ask an arsenal of questions and once I started digging with those, the return contacts stopped coming in.
That is a lie and would be considered fraud.
No return to the messages on the answering machine and no return to the emails.
That is also a lie.
Here are your last e-mails (Oops, they can do an e-mail search??)
The rent would have to be around there in order to cover our payment and escrow. Also, the down payment is just an advance on the sales price, correct? that's the reason for subtracting it from the "sales price" for the contract.
I am interested in a 2 year contract. You have a sales price of $142,000, down payment of $2,000, and monthly payment of $750. After using your calculations, this would effectivley contract for $135,500 ($142,000-$4,500-$2,000).
I would like to work with you for a sales price of $135,000, down payment of $4,000, and monthly payment of $1,000. After using your calculations, this would effectivley contract for $125,000 ($135,000-$6,000-$4,000).
And here were our responses:
We will have to pass, but our original offer still stands, if not accepted, thank you for your time and we wish you well in the sale of your property.
Thank You,
KACW Investments
We would be willing to raise the rent, but not also the down payment, actually it would have to be decreased significantly to cover that much difference, and it works the other way too.
Thank You,
Joanne Pearce
KACW Investments
407-736-8667
Office Hours Mon. - Fri. 10 AM to 4 PM EST
I guess since we didn't accept your counter offer, you decided to cry about it. And let's do a scam posting against KACW Investments and it's okay if we fudge what really happened. They won't find it, and the worst thing they can do if they do find it, is get mad about it. Oops, I didn't think they could sue me or press criminal charges against me.
I did have them send me a copy of the contract and after looking through it pretty thoroughly, I think that it's binding legally.
It is, that is why the person you're talking about below is in legal trouble with us, you trusted the wrong person.
Here's your problem, the company does not own anything, really.
We might not own properties for very long, but we do, that is public record and will be presented in the court case against you.
I bathroom in FL with an answering machine and an address...
Our office has 4 bathrooms, thank you very much.
They don't own any of the properties, you do. They, on purpose I believe, push you into a long contract so that they are less likley to get wrapped up in problems legally. The longer the contract, the more money they get before fighting the battel over actually buying your home.
Assumption?? Oh, yeah. I can't wait to see your face when we that judge bangs the gavel when you just lost a $25,000 fraud and slander lawsuit.
I found one person on the internet a few months ago that has also had a dealing with this company. She will be filing her own story on here shortly. She DID, in fact, agree to terms and signed their contract. Her story is much deeper being that she has been dealing with them for months now.
All in all, while I don't know from first hand experience that they will not hold to the contract
That is correct, and you will be paying for it,
I do know that I was not prepaired to screw with someone screwing me over late checks, lack of communication, and un-ethical business practices
Assumptions and slander.
I wouldn't and I don't think you should either!
Purposely trying to lose us business, there is no telling how many people have seen this and how it has affected us. There is no really telling what dollar sign to put up there, but I think we can figure it out.
Thank You,
Helen Joanne Pearce (I go by Joanne, if you still haven't figured that out)