Complaint Review: Goldmine Properties Mike Cherwenka - Dacula Georgia
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- Author Not Confirmed
- Goldmine Properties Mike Cherwenka Dacula, Georgia United States of America
- Phone: 770-338-2994
- Web: www.goldmineproperties.net
- Category: Property Management
Goldmine Properties Mike Cherwenka Property Wholesaler, realestate, earnest money, scam, funds, ARV, realestate investor Dacula, Georgia
*Consumer Suggestion: Mike is not a bad guy
*REBUTTAL Owner of company: COMPLAINT HAS NO MERIT
*REBUTTAL Owner of company: Earnest Money
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Mike Cherwenka, the former stripper, *now supposedly saved christian man who attempts to trick investors out of there money, via there earnest funds.
Normally when sending earnest funds I forward them to a legitimate title company or the wholesalors attorney to be held in escrow until closing(never to the wholesaler directly.) but Mr Cherwenka was very insistent that I *Wire him the $5000 earnest funds asap!, I was skeptical but was very interested in the properties he was offering, so I prepared to send him the earnest funds. But after sleeping on it decided it didnt make good business sense to send him the earnest funds directly when he could easily have his attorney or his title company receive the funds.
He than preceded to threaten me, stating he would be sending out a mass email to his investor list and advising them to avoid doing business with me *if i did not wire the funds to him within 24 hours(to use his words? He would have me black listed. After 2 emails from him containing these types of threats, I decided to no longer communicate with him directly but through his attorney. I advised his attorney that I no longer felt comfortable with Mr Cherwenka or his deals, and that I would not be wiring him any cash directly.
For all I know he made good on his word and sent out an email blast, but at this point I could careless, I thankfully saved myself from losing a potential $5000 from a hood'ish, bullying thief.
To all of you home buyers and/or investors looking for wholesale deals, Not only should you avoid Mr Mike Cherwenka like the plague, also avoid any individuals requiring you to wire funds directly to there personal account to consimate any sort of business deals.
Sincerely
This report was posted on Ripoff Report on 07/06/2012 08:20 AM and is a permanent record located here: https://www.ripoffreport.com/reports/goldmine-properties-mike-cherwenka/dacula-georgia-/goldmine-properties-mike-cherwenka-property-wholesaler-realestate-earnest-money-scam-907535. 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. READ: Foreign websites steal our content
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#3 Consumer Suggestion
Mike is not a bad guy
AUTHOR: Marcus - (USA)
SUBMITTED: Wednesday, September 13, 2017
Re-investors, like you I was suspicious of this whole ordeal, and thought to myself that it may be too good to be true. But in the realm of real estate, you must conduct yourself wisely, and to be cliché here, you must trust but verify. Proper real estate education should be acquired before investing in real estate. There are legal parameters that if you are not aware of, you should not be investing. Mike and I never closed on our deal, but Mike held up to his word, and honored our contractual agreement, returning my earnest money deposit in full. Mike was very up front, and does not like his time waisted by double minded investors. Come to an agreement, put it in writing, and from my experience, Mike will Honor it. I wish you much more success Mike, and look forward to working with you in the future.
#2 REBUTTAL Owner of company
COMPLAINT HAS NO MERIT
AUTHOR: Goldmine Properties, Inc. - ()
SUBMITTED: Tuesday, April 29, 2014
Really, so this person is bashing me because I asked him to wire earnest money to secure his interest in the property which has a 35% profit potential?
He never provided earnest money therefore the property went under contract to another investor which made a net profit of $25,000 on each opportunity.
EARNEST MONEY IS USED TO PROTECT THE SELLER IF BUYER ELECTS TO DEFAULT ON AGREEMENT. Paragraph 9 in P & S Agreement-Should buyer elect not to fulfill buyers obligations under this agreement all earnest monies will be retained by the seller as liquidated damages.
Other investors put my properties under contract and try to flip to another investor. If they are unsuccessful they try to get their earnest money back the day of the closing.
Sorry to see lies about my reputation on this site. I have wholesales 1500 homes the past 18 years and would not be in business unless investors made money off me.
#1 REBUTTAL Owner of company
Earnest Money
AUTHOR: Goldmine Properties, Inc. - ()
SUBMITTED: Tuesday, April 15, 2014
This particular investor put down earnest money to secure property and did not perform. The contract states that earnest money is non refundable. I am sorry you lost your earnest money but we have to follow company policy.
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