Complaint Review: NU-Way Real Estate

NU-Way Realty promised that they would finance upto 5 deals for us in 18 months. Each deal was to be upto $250,000 including the rehab cost etc. When we first kept saying no they would call back and change the offer. It starte out 2 deals for $5,000. Then it was 4 deals for $10,000. Then it went to 5 deals for $8,500.00. They offered a 1% finders fee after closing. Then when the house sold we were offered a profit split. The split was from 20% to 49% profit we would get 30% of profit. From 50% to 74% we would get 35% of profit. From 75% to 99% we would get 40% of profit. If the home sold for 100% and up we would get a 50%. We agreed to pay $4,250.00 up front then after the sale of the first property NU-Way would deduct the other $4,250 from the profit split. We submitted over 8 properties until they excepted one. We wrote the contracts and took care of inspections etc. The property was to close on 12/27/2007. Guess what? They never closed and never answered our calls or faxes. They never even returned the calls from the Escrow Company. NU-Way failed to comply with the purchase contract and never reponded to the cure notice and the deal fell through. They breached the purchased contract and the contract they had with us and we are still trying to get our money. I would love to get involved in a class action suite. As long as the Lawyer is from Colorado. DON'T GIVE THEM YOUR MONEY!
You can contact me at (((email redacted))) or my husband Bill at (((email redacted))).

Tricia
Tucson, Arizona
U.S.A.

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