- Report: #201884
Complaint Review: KACW INVESTMENTS - Orlando Florida
-
Author Confirmed
Why?
KACW INVESTMENTS
12472 LAKE UNDERHILL RD 143 Orlando, 32828 Florida, U.S.A.
Phone:
407-736-8667
Web:
N/A
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
KACW INVESTMENTS RIPOFF Orlando Florida
Here's the scam: Get a landowner to sign a lengthy lease upon promise to purchase after term of lease at asking price. The lease allows them to sublet. Find a tenant and take a down payment on an alleged lease/purchase agreement and as many monthly rental payments as possible.
Landowner scammed with property being taken off the market and never receiving one dime from these people; tenant scammed because they have no intention of maintaining the property or selling it to them (they can't: they never take title).
As of 18 July 2006, my WestLaw database search did not return a single deed with KACW Investment's name on it.
My search did, however, return two evictions with money judgments against them, in Florida, taken by a landowner who was scammed.
The tenant paid KACW a $12K "downpayment" via check, payable to order of landowner and the scammers. The scammers forged the landowner's endorsement and the scammers took the money. Look up these two cases in:
Seminole County Case No 6165464 Way Home Investors Ltd Liability Co v Donald Austin & KACW Investments, Inc.: Judgment Date: 03/17/2006
Orange County Case No 84662634 Way Home Investors Ltd Liability Co v KACW Investments, Inc.: Judgment Date: 02/07/2006
I personally know of one property in Georgia where KACW took a lease, never paid even the $10 consideration named in the lease, never paid owner one red cent, never took possession, never mowed the lawn, never provided owner with a signed lease, and never found a tenant --- None of this provides any evidence of an intention by KACW to keep the promises in their leases.
Matthew Pearce may have attended a law school, but he does not appear to be a member of a state bar. He and Helen Joanne Pearce make multiple threats, asserting they have first rate legal counsel. However, neither they nor their attorney appeared at any hearing or deposition in the cases mentioned above. Instead, they took a default eviction and money judgment.
David
Atlanta, Georgia
U.S.A.
Landowner scammed with property being taken off the market and never receiving one dime from these people; tenant scammed because they have no intention of maintaining the property or selling it to them (they can't: they never take title).
As of 18 July 2006, my WestLaw database search did not return a single deed with KACW Investment's name on it.
My search did, however, return two evictions with money judgments against them, in Florida, taken by a landowner who was scammed.
The tenant paid KACW a $12K "downpayment" via check, payable to order of landowner and the scammers. The scammers forged the landowner's endorsement and the scammers took the money. Look up these two cases in:
Seminole County Case No 6165464 Way Home Investors Ltd Liability Co v Donald Austin & KACW Investments, Inc.: Judgment Date: 03/17/2006
Orange County Case No 84662634 Way Home Investors Ltd Liability Co v KACW Investments, Inc.: Judgment Date: 02/07/2006
I personally know of one property in Georgia where KACW took a lease, never paid even the $10 consideration named in the lease, never paid owner one red cent, never took possession, never mowed the lawn, never provided owner with a signed lease, and never found a tenant --- None of this provides any evidence of an intention by KACW to keep the promises in their leases.
Matthew Pearce may have attended a law school, but he does not appear to be a member of a state bar. He and Helen Joanne Pearce make multiple threats, asserting they have first rate legal counsel. However, neither they nor their attorney appeared at any hearing or deposition in the cases mentioned above. Instead, they took a default eviction and money judgment.
David
Atlanta, Georgia
U.S.A.
1 Updates & Rebuttals
Richard
Maitland,Florida,
U.S.A.
The Way Home Investors
#2Consumer Comment
Tue, November 21, 2006
I am the owner of The Way Home Investors. As you can see from this posting, I took KACW to court in Orange and Seminole Counties in Florida and prevailed against them (they failed to respond to any of the charges), so I got my 2 properties back. Somehow, the name of my company, is being affiliated with KACW. Neither I, nor my company, THE WAY HOME INVESTORS LLC, is in ANY WAY affiliated with KACW. Those people, specifically Joanne Pearce, are crooks and should be avoided at all costs.
