ED Magedson – Founder
Henry Ford Retirement VillageDearborn, Michigan USA
Henry Ford Retirement Village Not returning deposit Dearborn Michigan
My Grandparents purchased a two bedroom apartment at Henry Ford Retirement Village in Dearborn Michigan several years ago. They signed a "100% Return of Capital Lease" and paid approx. $160k for the unit and a hefty monthly fee to live there and utilize the onsite services. Both my grandparents have passed and we have been trying for over 3 years to get our deposit back. We have asked if we can brinig in a realtor to help list and sale the unit. We are told we do not own the unit that HFRV does. We were asked to reduce the price of the unit so they could sale it, which confuses me on how we can reduce the price of something we do not own. We have reduced the price but still have not received our money from the deposit. The unit is still vacant and we were told the money would be returned upon a resonable amount of time, what does that mean!! My Mother is in the Westland Michigan area if there are any attorneys that may be able to assist please reach out to me.
Buyers beware, read the fine print closely....
This report was posted on Ripoff Report on 01/21/2014 12:35 PM and is a permanent record located here: http://www.ripoffreport.com/r/Henry-Ford-Retirement-Village/Dearborn-Michigan/Henry-Ford-Retirement-Village-Not-returning-deposit-Dearborn-Michigan-1117271. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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