Your Real Estate Today BuyPD; Boots on the Ground; Veil Corporate; Buying Summit; The Advisory Board; pmidirect, note servicing center Vultures; Con Artists; Unconscienable People Who prey on Novices Highland Utah
I am outraged and a little imbarressed that I was preyed upon the way I was. I saw an infomercial and went to a meeting where I was offered a $1997.00 course in real estate where I could bring a partner. I brought my mother to help her to get a business going that she could work in during her retirement and use to support herself. We went to a three day workshop where we were asked to pay 25,000.00 to get hands on information and assistance in jump starting our real estate business. Three weeks later, we were in a three day Boots on the ground workshop which showed us how to go to properties and assess the value of the work that was to be done. Three weeks later we were in Las Vegas, being offered a chance for them to show us how to purchase porperties that they had supposedly bought below market value and were selling to us for below market value. However, after, I purchased the property and looked on Realtor.com, I found out that the properties in that area were going for around $20,000.00 and I was charges 80,000.00 for the property. Then a week later, I was sent a bill for $1705.00 for the taxes for the Summer bill. Howver, I was told, in writing that the taxes were $1800.00 for the year. Two weeks later I received an email requesting $400.00 for the electric that had to be fixed from the box outside. This should have been done as part of the CO for the property prior to the purchase. Two weeks later, I recieved another email that the steps had to be replaced. When I inquired about this, I was told that I had to send the money before the work could be done and that I had a bill in arrears. It was only then that I found out that this property that was to be guarenteed rented for the first 12 months was not being paid by the tenents and the fees were attorney fees to evict. The management company told me it would cost about $5000.00 to evict these people. When I spoke to BUYPD about the rents, they told me that I would have tosign additional documents to get these monies which are owed to me. However, I am not willing to sign these documents that relinquish them from any responsiblies regarding this property. Now they are saying that they sold me the property as is. The management company is awaiting a response. However, I am seeking legal council. They are liars and have cheated me out of alot of money.
1 Updates & Rebuttals
Worked-Over Victim
Claremont,California,
In Agreement 100%
#2Consumer Comment
Thu, February 26, 2015
I too am a victim of BuyPD (AKA, Property Direct) as I have the identical situation that you refer in your comment. I, though, purchased five properties, of which, one wasn't even owned yet by Property Direct (BuyPD) and took 5 months to resolve.
Another more recent property had severe mold issues resulting in the inherited tenant (in-house when I purchased the property) leaving and taking the appliances that they had to buy following misrepresentation by BuyPD that the appliances were new (they failed within a few months of the move-in prior to my purchasing the property from Property Direct / BuyPD). BuyPD offered a small amount of the estimated $22,000 rehab due to the mold, appliance replacement and standing water damage between walls (wood wrought).
However, they wanted me to sign a release from further action prior to assisting with the mold issue promising that this was only a procedure and that they will gladly address the other issues once the waiver was signed and the mold removed. Their basis for this statement was that my satisfaction was of utmost importance to them given that satisfied customers make up a large amount of their future property sales. My response was that I would be foolish to sign such a release and waiver based on their verbal commitment.
This is just a brief summary of the unethical tactics taken by this company (BuyPD and Property Direct). My situation is identical to the victim above, only I was suckered into buying 5 properties that were supposedly being sole at a steep discount when, in reality, they were truly above market value. I have had to pay delinquent taxes and water bills that related to the property prior to my purchase of such.
All I can say to the general public…..DO NOT get caught up in BuyPD’s feeding frenzy as they are experts at drawing innocent, excited victims into their web. TO THE VICTIM ABOVE, if you would like to contact me, please feel free to by calling a google voice account and leaving a message (((phone number redacted))) should I not be able to answer.