- Report: #1336038
Complaint Review: TaxLienVault - Springville Utah
Reported By:
Anonymous -
Sacramento, California, USA
Submitted:
Updated:
-
Author Not Confirmed
Why?
TaxLienVault
Springville, Utah, USA
Phone:
855-598-0658
Web:
https://rei-holdings.com/
Categories:
Business Rating:
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TaxLienVault Tax Lien Vault Premium Financial Training REI Holdings Tax Lien Vault Fraud.. Lost My Entire IRA and Company Will Not Try to Help me Resolve in any way Springville Utah
Do not work with these people! I bought thousands of dollars worth of tax liens, some of which expired almost immediately, forcing me to foreclose right away so as not to lose my entire investment. Turns out the properties tied to these liens were worth a great deal less than the cost of the liens and the foreclosure fees (which were extra and also in the thousands of dollars).
They are not trustworthy and will not work with you to resolve any concerns you have! They make this form of investing sound very secure with great returns but if you pay more for the liens than the properties are worth, when you foreclose you are stuck with a worthless property AND any future taxes associated with owning the property.
2 Updates & Rebuttals
Response to Tyg-USA rebuttal... Get a life
#2Author of original report
Tue, November 01, 2016
Wow, really? You mean property values actually go up and down? Who would've guessed? And who are you to tell me about taking responsibility? I decided to put this information up along with the other many complaints about this company as part of taking responsibility for this decision. There's an implied expertise that a company that sells tax liens should have when selling them to their customers. It's not unlike any company that sells a product to someone, there needs to be integrity in what was sold. What I'm saying is that this company has no integrity whatsoever because they clearly sold me tax liens that were not only worthless but ones that they wanted to get out from under the tax liability of. Furthermore, much of the fraud that they committed occurred after the original purchase. They were not clear on the cost associated with foreclosure for example. They did not mention that you could not mingle retirement funds from an IRA with regular funds needed to pay for the foreclosure . It was not clear they worked with a 3rd party to foreclose properties. And, this doesn't even get to the issues they lied about regarding these specific tax liens. Maybe you should think about taking responsibility for your own life rather than trying to judge others. This report is designed to help others avoid the mistake I made in dealing with these people who are at least immoral, and possibly fraudulent. We will see...
Tyg
Pahrump,Nevada,
USA
Land....
#3General Comment
Tue, November 01, 2016
When you purchase property such as actual LAND you cannot expect a quick turn around on your investment. Not unless the market is UP. Its cyclical. Meaning it rises and falls. If say in two years the property market booms again then the investment that YOU made would appreciate in value garnering you a nice hefty return. Right now its a BUYERS MARKET. So buy what you can and hold onto it. Once the market rebounds as it ALWAYS does then YOU will be very happy with your returns. Im NOT seeing a ripoff. YOU CHOSE to put your money THERE. Just because YOU havent seen a return on your investment doesnt make THEM the bad guys. Take some responsibility as AN ADULT!!!! THEY may have influenced your choice but NO ONE held a gun to your head and FORCED you to drop YOUR money. YOU did that all on your own driven by your own greed.
