Complaint Review: Cornerstone Investment Group LLC - Cashflowandequity.com Chris Stroud - Marietta Georgia

I did some work for Cornerstone in Cincinnati Ohio. They have a kid named Eric Howard who was running some jobs for them here. I finished my project only to have Eric Skip without paying. I have attempted to reach Eric Howard as well as Cornerstone needless to say all attempts have failed thus far. Luckily there were several other contractors that had the same experience here and we will be filing suit if we don't get a response. So hopefully no one else gets taken.

Maybe this time you could explain the following to other potential investors: 1. Why was the home sold to me (signed contract/both parties) and never entered into escrow or recorded wth the Recorders Office; and no attempt to do so made? 2. Knowing the above to be true, why then during rehab did you sell the home to another investor after a signed contract between you and I, and after receipt of all monies (purchase and rehab costs). Certainly at this point you had to know the home was not in my name. In fact a new contract was drafted between Cornerstone and the new buyer, not me and the new buyer. Certainly I should have been kept in the loop if you believed the home was recoreded in my name.. ....hhhhmmmmm. 3. If you believe you legallay transfered the home to me, why then after a renter was placed did you keep all the rent collected for yourself, and not send it to me? 4. Why during the rehab did you attempt to charge me for work you didn't complete (want to see the photos again?) Any investors interested in discussing these allegations with me personally, you are welcome to contact me. I can share all corespondence, and documents with you.

There are two sides to every story. Here is our rebuttal.... Our response begins with the fact that the gentleman that posted this report is not named John as he would have you believe and, he is not from Omaha, NE. His name is Steve and he is a Police Officer in CA. Steve purchased a property from us in Oct '07. We were to rehab the property and sell it on his behalf to one of our investors. The rehab was completed and the property was pending sale, awaiting the financing to come through for the new buyer. Because of the current mortgage crisis, the financing for the new buyer fell through and he could not purchase the property. When we contacted Steve to inform him of this, he could not understand this and he freaked out and accussed us of being criminals. He claimed he had a huge tax bill he had to pay and used his position as a police officer to threaten, intimidate and attempt to extort additional monies from us. We had to get our Attorney involved to defend us from his activities and threats. We had a contract with Steve that we had to terminate because of the threats he was making. Turns out we gave him EVERY Penny back of his investment. He lost nothing. Now because he made the choice to give up on his investment, and potential profit, he is angry with us. We explained to him that we have a back up buyer for the property, but he needed his money back to pay his IRS debt, and couldn't wait any longer. There are many more lies that Steve has put in his report that I will not bore everyone with the details of. You may contact us if you care to hear our side of the story. We have sold over 300 properties to investors all over the world in the past with very minimal complaints. We stand behind what we sell. If anyone has questions about our honesty and integrity or for further details surrounding this situation, feel free to contact us. Chris Stroud Cornerstone Investment Group