Complaint Review: Adventure Capital Inc. - Henderson Nevada

My husband and I lost our home of 6 years to foreclosure in February 2011.  While my husband was turning on gas at a property he ran into Glenda Weiss, Realtor.  He began telling her our story and said that he had wished we could buy another home, but knew we couldn't because of our recent foreclosure.  Glenda said that she worked with a man named Bryan Wiliams at Adventure Capital Inc. and he could get us a loan from a private investor. We ended up sitting down with Glenda and Bryan that weekend to discuss our options (loan amount, interest rate, etc.).  They told us that since our credit was "beautiful" aside from the foreclosure we could qualify for pretty much any home.  We began our search. 

 A few days later we found a home that we really loved, but it was a shortsale.  That meant it would take a few months for everything to process because the sellers banks would have to approve the sales price and all.  We offered the list price of $365,000 but the bank countered a couple weeks later at $400,000.  We didn't want to pay more than $365,000, but Bryan and Glenda convinced us that it was a great buy because it had equity and if we didn't buy it they would.  We agreed to the $400,000 and waited for the banks approval for the next few months.  In November the bank sent the approval letter stating that we must close by 11/30/11 or everything would have to be resubmitted and it could take months again.  Aside from that, the property was set for Trustee Sale, but the bank had offered an extension.

I received a call from Bryan the evening of 11/13/11.  He stated that he needed to sit down with Dennis and I the following day to discuss what was going to happen loan wise and all since we were set to close within 2 weeks.  Upon meeting with him and Glenda at their office the following morning he had stated that I would need to go to our bank to wire the down payment into their bank account once I left in order to ensure the "private investors" would fund the loan in time.  I went directly to my bank and wired $75,000 (our entire life's savings) into their account. 

On December 12, 2011 we finally signed all documents at the title company and we ready to close escrow.  A week went by and the loan never funded.  My husband and I had requested a refund of our $75,000 several times and Bryan kept playing a game saying that it was wired into our account, which it never was.  As a matter of fact he told me that it had been wired at one point and when I checked my account it said it was there.  I called my bank to ask about the wire and they told me that no wire was ever completed, HOWEVER there was a check that was hand delivered and deposited into our account.  They said they would have to put a 7 day hold on it because of the amount.  I called Bryan and he made up some ridiculous story about how the "investor" mailed him a check from Utah so he deposited a check instead of doing a wire.  I went to his bank the next afternoon to verify funds and they gave me the bad news... there was not nearly enough money in the account to cover the check.  It bounced.  At that time I left in disarray realizing that the company who befriended us and we trusted had stolen our entire life's savings. 

We have a 3 year old son and all we wanted was a home to call our own.  Instead, our dream became a nightmare.  Bryan is still texting me every couple of days to tell me that he has our money, but of course there is still no money in our bank account.  If I could tell people one thing, I would have to say TRUST NO ONE!!!  There are a lot of thieves our there who steal from innocent people and they have no remorse.  Bryan Williams, Glenda Weiss and Derek Belanus with Adventure Capital in Henderson Nevada are a few of those people.