• Report: #459313

Complaint Review: JASON M. COX - EAST COAST REO - NCREO.COM

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Sun, June 07, 2009
  • Updated: Mon, June 08, 2009

  • Reported By:BURLINGTON North Carolina
JASON M. COX - EAST COAST REO - NCREO.COM
2012 Anthony Rd BURLINGTON, North Carolina U.S.A.

JASON M. COX - EAST COAST REO (NCREO.COM) DO NOT DO BUSINESS WITH EAST COAST REO (NCREO.COM) BURLINGTON North Carolina

*UPDATE Employee: Earnest Money and the Law

*UPDATE Employee: Earnest Money and the Law

*UPDATE Employee: Earnest Money and the Law

*UPDATE Employee: Earnest Money and the Law

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

DO NOT DO BUSINESS WITH EAST COAST REO (NCREO.COM)

http://www.ncreo.com

JASON M. COX
East Coast REO
Corporate REO - Main Offices
2012 Anthony Rd
Burlington, NC 27215
Main: 877-210-0838 OR 1(336) 221-0032
Fax: 336-792-4589
Email: info@ncreo.com

EAST COAST REO ALSO KNOWN AS EAST COAST PROPERTIES HAS BEEN DOING A LOT OF INJUSTICE. THEY REFUSE TO GIVE BACK PEOPLE'S EANEST DEPOSIT MONEY WHEN YOU ARE UNABLE TO CLOSE ON A PROPERTY. THEY REQUIRE EVERYONE TO GIVE $1OOO DEPOSIT BECAUSE THEY KNOW THEY WILL NOT GIVE THE MONEY BACK. PLEASE, KEEP AWAY FROM THE PROPERTIES THEY HAVE FOR SALE AS THEY WILL FIND A WAY TO MAKE YOU LOSE YOUR MONEY AND MOVE ON TO THE NEXT VICTIM.

EAST COAST REO IS NOT A COMPANY TO BUY PROPERTY FROM. THEY ARE A VICIOUS REAL ESTATE FIRM THAT IS EXPLOITING PEOPLE AND KEEP THEIR EARNEST MONEY. BELOW IS THEIR INFORMATION. KEEP WAY FROM THEM. JASON COX IS THE COWARD OF INJUSTICE.

http://www.ncreo.com/East_Coast_REO_REALTOR.shtml

http://www.ncreo.com

JASON M. COX
East Coast REO
Corporate REO - Main Offices
2012 Anthony Rd
Burlington, NC 27215
Main: 877-210-0838 OR 1(336) 221-0032
Fax: 336-792-4589
Email: info@ncreo.com

JASON
BURLINGTON, North Carolina
U.S.A.


This report was posted on Ripoff Report on 06/07/2009 03:35 AM and is a permanent record located here: http://www.ripoffreport.com/r/JASON-M-COX-EAST-COAST-REO-NCREOCOM/BURLINGTON-North-Carolina-27215/JASON-M-COX-EAST-COAST-REO-NCREOCOM-DO-NOT-DO-BUSINESS-WITH-EAST-COAST-REO-NCREOCO-459313. 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.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on JASON M. COX - EAST COAST REO - NCREO.COM

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
REBUTTALS & REPLIES:
0Author 4Consumer 0Employee/Owner
Updates & Rebuttals

#1 UPDATE Employee

Earnest Money and the Law

AUTHOR: Jason - (U.S.A.)

Please provide the address of the property you are stating your Earnest Money Deposit was held on.

Pursuant to North Carolina Real Estate Law, the holding and release of escrow deposits is regulated. One such regulation is that the seller and buyer must both agree, in writing, to the release and release terms of the earnest money.
The earnest money holder (such as the listing real estate agency) legally CANNOT release the earnest money without both parties approval.
Doing so is a violation of state law and can result in suspension of the agency's license.

The alternative, if the two parties cannot agree on distribution of the earnest money, is to have judge of acceptable jurisdiction who may hear the case and require the release at their specified terms, in which case the agency holding the earnest money follows the opinion given by the courts.

Essentially, the agency holding the earnest money is an impartial third party who legally cannot do anything but hold in a trust account until resolved.

Also - Many banks counter addendums do provide for automatic release of earnest money upon a buyer's failure to satisfy specific terms or deadlines in the contract. This is specific to each particular client addendum and is a reason why buyers (and buyer agents) should thoroughly read any addendums signed.
Respond to this report!
What's this?

#2 UPDATE Employee

Earnest Money and the Law

AUTHOR: Jason - (U.S.A.)

Please provide the address of the property you are stating your Earnest Money Deposit was held on.

Pursuant to North Carolina Real Estate Law, the holding and release of escrow deposits is regulated. One such regulation is that the seller and buyer must both agree, in writing, to the release and release terms of the earnest money.
The earnest money holder (such as the listing real estate agency) legally CANNOT release the earnest money without both parties approval.
Doing so is a violation of state law and can result in suspension of the agency's license.

The alternative, if the two parties cannot agree on distribution of the earnest money, is to have judge of acceptable jurisdiction who may hear the case and require the release at their specified terms, in which case the agency holding the earnest money follows the opinion given by the courts.

Essentially, the agency holding the earnest money is an impartial third party who legally cannot do anything but hold in a trust account until resolved.

Also - Many banks counter addendums do provide for automatic release of earnest money upon a buyer's failure to satisfy specific terms or deadlines in the contract. This is specific to each particular client addendum and is a reason why buyers (and buyer agents) should thoroughly read any addendums signed.
Respond to this report!
What's this?

#3 UPDATE Employee

Earnest Money and the Law

AUTHOR: Jason - (U.S.A.)

Please provide the address of the property you are stating your Earnest Money Deposit was held on.

Pursuant to North Carolina Real Estate Law, the holding and release of escrow deposits is regulated. One such regulation is that the seller and buyer must both agree, in writing, to the release and release terms of the earnest money.
The earnest money holder (such as the listing real estate agency) legally CANNOT release the earnest money without both parties approval.
Doing so is a violation of state law and can result in suspension of the agency's license.

The alternative, if the two parties cannot agree on distribution of the earnest money, is to have judge of acceptable jurisdiction who may hear the case and require the release at their specified terms, in which case the agency holding the earnest money follows the opinion given by the courts.

Essentially, the agency holding the earnest money is an impartial third party who legally cannot do anything but hold in a trust account until resolved.

Also - Many banks counter addendums do provide for automatic release of earnest money upon a buyer's failure to satisfy specific terms or deadlines in the contract. This is specific to each particular client addendum and is a reason why buyers (and buyer agents) should thoroughly read any addendums signed.
Respond to this report!
What's this?

#4 UPDATE Employee

Earnest Money and the Law

AUTHOR: Jason - (U.S.A.)

Please provide the address of the property you are stating your Earnest Money Deposit was held on.

Pursuant to North Carolina Real Estate Law, the holding and release of escrow deposits is regulated. One such regulation is that the seller and buyer must both agree, in writing, to the release and release terms of the earnest money.
The earnest money holder (such as the listing real estate agency) legally CANNOT release the earnest money without both parties approval.
Doing so is a violation of state law and can result in suspension of the agency's license.

The alternative, if the two parties cannot agree on distribution of the earnest money, is to have judge of acceptable jurisdiction who may hear the case and require the release at their specified terms, in which case the agency holding the earnest money follows the opinion given by the courts.

Essentially, the agency holding the earnest money is an impartial third party who legally cannot do anything but hold in a trust account until resolved.

Also - Many banks counter addendums do provide for automatic release of earnest money upon a buyer's failure to satisfy specific terms or deadlines in the contract. This is specific to each particular client addendum and is a reason why buyers (and buyer agents) should thoroughly read any addendums signed.
Respond to this report!
What's this?
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Advertisers above have met our
strict standards for business conduct.



Ripoff Report Legal Directory
Linda