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  • Report: #391716

Complaint Review: West End Properties

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  • Submitted: Sunday, November 16, 2008
  • Last Posting: Monday, December 08, 2008
  • Reported By:fairfield California
West End Properties
9343 Tech Center Dr. Sacramento California 95826 U.S.A.

West End Properties - Peter Desantiago Debt fraud Sacramento California


1Author 1Consumer 0Employee/Owner

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Sometime in 2007 I loaned Mr. Peter Desantiago, doing business as Westend Properties, 9343 tech center dr. Sacramento,Ca.one loan in amount of 45k secured by a property located in Yuma street Aurora,Colorado, and another for 50k secured by his home residence on Everboom st. Sacramento,Ca. He operated his buisness under the name of Westend Properties to defraud investors of large amounts of money.

Pretending to use the money to repair and sell these properties he waited for the proper time to commit fraud. When he got the first loan for 45K he was doing interest only payment on time,but once he got the second loan for 50k putting his home residence as collateral he stopped making payments on interest on both loans. When confronted about the monthly payments he gave the the ran around stating "The secretary quit" "I'l pay you next week, next month, maybe in July, maybe at the end of the year" and when asked for the money back his stated "suit me"

When I receive a letter from the county of colorado stating that the Yuma property was foreclosing I asked him why he had let the propery go and if he had done any repairs to it he stated "very little", and "the value of homes went" down and "I could not sell." I indicated to him that what he had done in essence was a dishonest act defrauding investors like he was doing. I am still waiting for Mr Peter Desantiago to repay my principle and interest from my loans to him.

Ezequiel ****
fairfield, California
U.S.A.

This report was posted on Ripoff Report on 11/16/2008 3:27:43 AM and is a permanent record located here: http://www.ripoffreport.com/bait-and-switch/west-end-properties/west-end-properties-peter-de-m35b7.htm.

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#1 Consumer Comment

Sharing the pain. .

AUTHOR: Rebecca - Fair Oaks (U.S.A.)

My husband and I have also purchased deeds of trust from Peter de Santiago and have lost a considerable amount of money. I know of at least 20 other people who have lost money dealing with Peter as well. Peter also does or has done business under about 5 or 6 other business names in Las Vegas, Arizona and Colorado. He has shown us no remorse for the losses we or others have suffered through his questionable business dealings.
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