- Report: #35430
Complaint Review: The Note Buyers George Ama III - Provo Utah
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Author Not Confirmed
Why?
The Note Buyers George Ama III
1633 N. GrandeView Lane suite 10 Provo, 84604 Utah, U.S.A.
Phone:
801-404-0824
Web:
N/A
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Business Rating:
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The Note Buyers, George Ama III ripoff, dishonest, disappeared with money, bad business associate, scammer Provo Utah
I found George Amma III buy posting a note on a site which buyes notes. George called me up and we talked for about an hour and a half. I told him then that I was A note buyer to and I was looking for new serious Investers and Princable funding companies to add to my rolodex of investors.
He assured me that he was a millionair and have been investing in notes for 10+ years. After several conversations he gave me an exellant quote on a note I had for a client of mine. The Quote was $14,000 higher than the closest competitor. So clients Excepted.
Every thing seemed great. took a while to close the note but I worked all the way to closing my self as well as signing of closing Doc.s and fed exing them to title company and dealing with the main funding company closer.
Goerge turned around and passed me on to two other companies, whichhappens in the business at times but at that time I felt some uncomfortable feelings.
After closing I started to pursue my fee to George Ama III. I spoke to him on the phone and he assured me that he would get with his accountant and as long as his fee had been paid mine would shortly be on the way.
I have note been able to get a hold of him since. His business voice mail now has a girl saying leave a message. I have left many messages for him and even requested if the girl was no longer with george or I had the wrong # to please call and let me know. I'm not sure you can help me or not but I am not a rich person I bought and sold notes part time for a few years and I stoped for a period of 2 years while my fience and I were building a new house and living in our camp trailer. I told this to George and he new that This was my first note getting up and running again and it was all of my working capital. he only owes me $3400.00. To him it might not be alot but to me it is everything.
I have advertising bills I am not able to pay my Partner is PISSED at me and this puts my business and livly hood at a stand still.
I have done this business off and on for 6 years and don't feel as if I'm stupid. He sure had the gift of gab and the bus. can you help.
Shannan
Wasilla, Alaska
He assured me that he was a millionair and have been investing in notes for 10+ years. After several conversations he gave me an exellant quote on a note I had for a client of mine. The Quote was $14,000 higher than the closest competitor. So clients Excepted.
Every thing seemed great. took a while to close the note but I worked all the way to closing my self as well as signing of closing Doc.s and fed exing them to title company and dealing with the main funding company closer.
Goerge turned around and passed me on to two other companies, whichhappens in the business at times but at that time I felt some uncomfortable feelings.
After closing I started to pursue my fee to George Ama III. I spoke to him on the phone and he assured me that he would get with his accountant and as long as his fee had been paid mine would shortly be on the way.
I have note been able to get a hold of him since. His business voice mail now has a girl saying leave a message. I have left many messages for him and even requested if the girl was no longer with george or I had the wrong # to please call and let me know. I'm not sure you can help me or not but I am not a rich person I bought and sold notes part time for a few years and I stoped for a period of 2 years while my fience and I were building a new house and living in our camp trailer. I told this to George and he new that This was my first note getting up and running again and it was all of my working capital. he only owes me $3400.00. To him it might not be alot but to me it is everything.
I have advertising bills I am not able to pay my Partner is PISSED at me and this puts my business and livly hood at a stand still.
I have done this business off and on for 6 years and don't feel as if I'm stupid. He sure had the gift of gab and the bus. can you help.
Shannan
Wasilla, Alaska
1 Updates & Rebuttals
George
Provo,Utah,
U.S.A.
A Difficult Lesson Learned...
#2REBUTTAL Individual responds
Fri, August 15, 2003
Shannon...I found your report on Note Buyers. The note that was purchased was done so through another party. I was only a finder for these Buyers/Investors [the middle-man]. When your note was purchased, it was up to you to stay in contact with the escrow company your client was dealing with. Did you ever sign a commission agreement with them? If not, your money may still be sitting there and they do not know who to cut the remaing balance to. I was assured that you would be paid if all the paperwork was in order. Obvioulsy, you did not submit the paperwork required to get paid in the deal. I do not Broker Notes anymore and hope that you accept my sincere apologies for this hard lesson learned. [I too have made the same mistake in the past] You need to make sure that you have all of your submitted paperwork in to the escrow company before closing or you will NOT be paid. This is pretty standard for any escrow deal. Please don't take out your anger on me or any Note Broker for that matter. Blame yourself for not double checking your own paperwork. I wish you the best. I harbour no hard feelings towards you. I wish you success in the paper trade. Best wishes!
