ED Magedson – Founder
American Real Estate Advisors950 S Pine Island Rs Ste-A-150, Plantation Florida Plantation, Florida USA
American Real Estate Advisors Fraudulently represented themselves as advisors/facilitators of real estate purchases and sales in Detroit. They had me purchase a gutted home for $15,000 while representing it was a property in good condition. Plantation Florida
This company solicited me to purchase property in Detroit, Michigan. They were to facilitate my purchase and then the resale of the property. They represented the properties were in good condition requiring only minor repairs and could be resold as-is for a minimum 20% mark-up for which they would take a percentage of profits. What I ended up purchasing was a shell for 15k that is worth only a fraction of the amount paid. It was a scam and they pocketed the 15k and no longer accepted or returned my calls.
This report was posted on Ripoff Report on 05/19/2013 05:36 PM and is a permanent record located here: http://www.ripoffreport.com/reports/american-real-estate-advisors/plantation-florida-33324/american-real-estate-advisors-fraudulently-represented-themselves-as-advisorsfacilitato-1052170. 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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