Complaint Review: Tax Lien Buyers Club

My wife and I attended a real estate seminar in Palm Springs, California at the Riviera Gardens advertising Tarek and Christina El Moussa. During this training the Success Path sales staff touted the Tax Lien Buyer's Club as a money back guarantee of investment. We paid in so that we could access the information the "Club" had to offer.

     We then proceeded to learn as much as we could about what they had to say in order to invest in a tax lien through our IRA's. The problem we were not educated on is that in the event someone coming in behind us did not pay off our lien, we would have to have enough money in that particular IRA that purchased the lien to payoff everyone in front of us! All "Jerod Ramirez" could tell us is "Don't worry, we won't let you fail!"

     Fast forward one year after buying the lien, and here we are without enough money in that IRA to purchase the tax deed certificate (which would have been the next step) to then purchase the property and list it with an agent to sell at hopefully a profit. Wouldn't it be considered, in hindsight, prudent to make sure that there was enough money in the account, (we had a couple to choose from at the time and he knew that)? We were the newbies, he was the experienced one.

     All in all, we then called several times without he or his supervisor Beverly returning the call. My husband did a substantial amount of research on this property which has now had permits pulled for grading, demolishing the housing structure which was on site at the time of purchase, to find out who was sinking money into this property?

     It is quite obvious someone, somewhere is going to make money on this property but they have worked a way around paying the taxes. The address of this property is 1226 W. Kaley Ave., Orlando, Florida 32805 Besides us buying in on the 2010 tax lien, there are 7 other tax lien certificate holders awaiting similar fates and additional tax lien certificates for 2003, 2004, 2005, 2006, 2007, 2008, and 2009. How long must this go on before justice prevails? Sincerely, Scammed!