- Report: #1447039
Complaint Review: Silver Saddle Ranch & Club - California City California
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Silver Saddle Ranch & Club
20751 Aristotle Drive California City, 93505 California, United States
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Silver Saddle Ranch & Club Sold us land with false information of future development California City California
My parents bought land in 2001 and I was only 9 years old. Now I'm building my business and searching for real estate opportunities only to find out that the vacant commercial land that my parents own is only dropping in value, yet, they're still paying property taxes on it. I spoke with a real estate agent who says that he an put it in the market for $5k at the most which means that we've lost over $30k already - taking an inflation rate of 2.07% in consideration.
With the language barrier of speaking broken english, they were taken advantage of being sold land that had no real value. The commercial land is in the middle of nowhere, with no roads, no pavement, no civilization. The nearest home is 3.8 miles away, even then, California City is a desert that lacks life, let alone commercial real estate developement. There is no water, no electricity, nothing.
After looking at the numbers and realizing who had truly happened, it is extremely disheartening. A lesson to myself and everyone out there who likes to spend money, be careful on what you invest in and do your research.
I am also in the process of looking at filing a lawsuit if possible. Don't hesitate to reach out if you think you can help. Thanks in advanced.
