• Report: #926554
Complaint Review:

Panama Property Connection - Punta Pacifica Realty

  • Submitted: Mon, August 13, 2012
  • Updated: Sat, October 07, 2017

  • Reported By: A Trump Ocean Club buyer — United States of America
Panama Property Connection - Punta Pacifica Realty
Internet United States of America

PANAMA PROPERTY CONNECTION Jack Studnicky TRUMP OCEAN CLUB, Internet

*REBUTTAL Owner of company: Honesty and Truth

*Consumer Comment: PANAMA PROPERTY CONNECTION IS PUNTA PACIFICA REALTY BEWARE!

REBUTTAL BOX™ | Respond to this Report! | Consumer Comment

What's this?
Corporate Advocacy Program

Show customers why they should trust your business over your competitors...

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™

Set the record straight:
Arbitration Program

SEO Reputation Management at its best!

PANAMA PROPERTY CONNECTION FRAUD

You like me as Trump Ocean Club buyers received a call from a person identified as Closing Coordinator for TOC.
This person asked many questions and then recommended a 3rd party corporation to handle CLOSING or to buy FURNITURE.

What they DID NOT TELL is who owns the corporation:

YES: YOU WERE VICTIM OF CONFLICT OF INTERESTS.

DID YOU KNOW THAT JACK STUDNICKY AND JEFF BARTON ARE THE OWNERS OF PANAMA PROPERTY CONNECTION?

JACK STUDNICKY is the TOC Sales Director and the image of the post sales news,
Marie Williams as Closing (or default) Coordinator his Girlfriend, Jeff
Barton is TOC Sales Manager, Duncan McGowan Jeffs old driver and
Jeff`s friend, they are the co-owners of Panama Property Connection PPC.

Panama Property Connection (PPC) was founded by Jack Studnicky with Jeff Barton to make huge profit screwing TOC buyers with OVERPRICED FURNITURE PACKAGES, useless services such as CLOSING PACKAGE, INSPECTION PACKAGES and ILLEGAL OVERSEAS CORPORATIONS, MORTGAGE BROKERAGE, REAL ESTATE BROKERAGE (re-sales) , PROPERTY MANAGEMENT AND THEY ARE ALSO OWNERS OF TRUMPOCEANCLUBRENTALS.COM

The purpose of this information is to make any interested party understand the CLEAR CONFLICT OF INTERESTS we have been involved in the Trump Ocean Club project and how this gang has been doing several kind of illegal activities under the Trump name.

Panama Property Connection has the entire list of TOC owners, emails, financial records, phones and sensitive personal information, they knew who was closing, who was defaulting, who wanted to buy for investment, who bought to retiring.


This report was posted on Ripoff Report on 08/13/2012 11:31 AM and is a permanent record located here: http://www.ripoffreport.com/reports/panama-property-connection-punta-pacifica-realty/internet/panama-property-connection-jack-studnicky-trump-ocean-club-internet-926554. 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

Click Here to read other Ripoff Reports on Panama Property Connection - Punta Pacifica Realty

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 1Consumer 1Employee/Owner
Updates & Rebuttals

#1 REBUTTAL Owner of company

Honesty and Truth

AUTHOR: Punta Pacifica Realty - ()

Panama Property Connection was one of four approved companies that were recommended by Trump Ocean Club to their non-Panamanian clients looking for assistance in securing financing in Panama and/or assistance with the closing process.   Purchasers of Trump Ocean Club were free to choose one of these four companies or find their own independent company with which to work.   At no point in time was there any conflict of interest.  The only goal of Panama Property Connection along with the other three recommended companies, in addition to Trump Ocean Club, was to assist as many purchasers as possible in closing.  All companies were aligned in the goal to help purchasers close and be of assistance.  All services offered and prices quoted were market value and offered with full transparency.  A quick online research of similar services offered in Panama would show the prices for services in keeping with what is available in the country.

 

Punta Pacifica Realty is the real estate branch of Panama Property Connection and currently handles 85% of the rentals taking place in Trump Ocean Club through their close alliance with the large multi national companies operating in Panama.   Punta Pacifica Realty’s long list of satisfied clients who furnished their apartments through Panama Property Connection and subsequently rented them with Punta Pacifica Realty are enjoying high returns.  In many cases clients have purchased additional apartments due to the great service and management offered.  Punta Pacifica Realty has hundreds of satisfied clients and is always looking for additional apartments to rent in Trump Ocean Club.

 

If you have an apartment to rent in Trump Ocean Club please contact Punta Pacifica Realty so they can quickly place a high-end multinational executive in the apartment.  Punta Pacifica Realty’s biggest challenge is keeping enough apartments in inventory.

 

Both Panama Property Connection and Punta Pacifica Realty are committed to customer satisfaction and resolving any issues in a quick and efficient manner.  Their mission is to create a long-term relationship with their valued clients.  Each member of their team invests hundreds of hours in training on personal development and customer satisfaction so they can serve their clients better.  Panama Property Connection and Punta Pacifica Realty listen, take action and put clients first.

Respond to this report!
What's this?

#2 Consumer Comment

PANAMA PROPERTY CONNECTION IS PUNTA PACIFICA REALTY BEWARE!

AUTHOR: Mabel - ()

This is my experience with the panama property connection team, Their new name is PUNTA PACIFICA REALTY. or puntapacificarealty.


THE WORST PROPERTY MANAGEMENT and REAL ESTATE COMPANY YOU CAN FIND IN PANAMA CITY IT'S NOW CALLED PUNTA PACIFICA REALTY. BEWARE!


I am a retired single mother living who was invested in 2007. I worked over 35 years and saved money as a bank teller to get a chance to put money into this project and bought a 2bedroom - 1 bath condo unit. Also a Panamanian friend from church told me how wonderful Panama was and that I should see the wonderful natural beauty. Even though I worked in a bank I know little about investment as I spent my life raising my children. I was referred by a family friend to the people at ISg that told me that this would be a great investment for my grandchildren's future - they said the trump name alone is enough to invest in and trust.


I bought as I was told that there would be a beautiful view of the ocean, island club and marina along with lots of amenities. - lots of nature too that would be healthy for my grandchildren to visit. I was sold by ISG on the image of paradise with my children and grandchildren on nice vacations while at peace with making a good investment in trump who I saw weekly on TV - seemed like buying into a condo that he built would be a great investment since he owned such amazing towers all over the world. I was told by Jeff Barton who works ISg that my property had gone up and that I had made money (each time it was going up by 10% or more) and I would be able to cash out by reselling it once it hit 80% in sales so I can finance my grandchildren's eduction.


Jeff also promised that since i don't have all the money I could finance it. They would guarantee the financing or that Newland would and that the mortgage issued by HSBC would be no problem as they had special relationship with them as the trump name would guarantee it. I trusted Jeff as seemed honest and reminded me of my own son. Anyway after some serious health issues occured I wanted to sell my investment in 2010 in hopes of covering my medical bills. I was told that I could not sell it because Newland didn't approve it even though they claim that 90% of it had been sold to other poeple I knew. Also there were some 8% fees that I'd have to pay, so I decided to keep it and hopefully sell it after it was built. What is so disrespectful is that a kind lady named Marie Williams emailed me and told me that my investment was good, reassuring me that the building looked fantastic, sending me nice pictures and saying that it would recover in price and I'd be able to sell it at a profit once newland approved of the resale - all the pictures had great ocean views. When it was built there was no marina, no real island club, and two huge buildings, one of which is directly in front of my unit which (where a clear view of the construction workers are) even though I was told nothing would be build by Jeff himself as he promised Trump would never buy a place unless it secured property rights on neighboring lots.


Since that time I have been in the hospital recovering from a mild stroke and had not followed up on this and had my son take care of the closing (as they sent numerous letters) even though he was too busy with his work as a construction foreman. Unforutnately as we found out that the prices dropped we couldn't get the mortgage they promised that would come from HSBC and that Newland and this special relationship failed to help us. In a panic to help me (I didn't have the money to close) my son obtained a 2nd mortage on his home (which is now being foreclosed on) to pay the balance which included some extra closing fees for a size increase and a contract to sign for a future beach club. I also paid an extra 6% (which we did not expect) which my son had to pay by borrowing from his wife's family. My son used a company called Panama Property for closing that was recommended by Marie. My son spoke to duncan who spoke english (he said he was canadian) and told us not to trust panamanians as many are not good at property management and can't get high prices like he could since he knows all the big companies. He told my son that we needed to use his closing package because many dishonest lawyers are in Panama and they won't do the architectural check properly. We paid $1500 to use his closing services and thought he would help us. When we closed Duncan had an inspection performed by their architect who was supposed to inspect my unit properly so I get what I paid for according to Duncan. Duncan sent us some pictures saying it was OK and they would start to close as it was in near perfect condition. The small problems they saw they would take care. Later when my son went to Panama and saw the unit there were many problems with uneven drywall and broken marble and very badly scratched patio doors along with broken fixtures. We later found somebody in the building a kind gentlemen from Columbia who said the work would cost $5000 more to fix and they didn't do the check properly as Panama Property is a greedy company. When we asked Panama property to represent us and fix these problems their lawyer told us that since we signed they can't do anything.


Also my son was sold by Duncan on a $30000+ furniture package which was sold to him because he said that nobody was able to get furniture in the building due to restrictions by trump management. WE believed him and found out later from another owner that what we got consisted of low quality oversized furniture pieces and sloppy painting that at most cost $5000 in total to put together! We got the furniture with damages too that Duncan said were due to transportation issues from costa rica (where they got the furniture as it was hand-made he claimed). Duncan later told us he can rent out our unit for $3500-4000 per month, so far nobody is renting it and we are paying fees to Newland of about $400 per month and we find out that it doesn't even cover electricity or anything more than basic cable which they encouraged us to upgrade. So we are on the hook for $500 in fees on top of payments with no rentor because duncan cannot find the best deal for me he says. To make matters worse we were told by our neighbor that this custom made furniture was delivered by a local department store that was not a high end place and is not custom made!

JUST READ FROM ANOTHER POST THAT JACK STUDNICKY AND PARTNERS JEFF BARTON AND MARIE WILLIAMS WERE FIRED FROM TRUMP OCEAN CLUB PANAMA AFTER DISCOVERING FRAUDULENT TRANSACTIONS AND KICKBACKS WITH PANAMA PROPERTY CONNECTION, THE COMPANY THEY CREATED TO DEFRAUD.

AGAIN:I JUST FOUND THAT THEY CHANGED THE NAME TO PUNTAPACIFICAREALTY, THEY ARE TRYING TO DISTRACT PEOPLE AND HIDE FROM THEIR OTHER NAMES.THE WORST PROPERTY MANAGEMENT and REAL ESTATE COMPANY YOU CAN FIND IN PANAMA CITY IT'S NOW CALLED PUNTA PACIFICA REALTY. BEWARE!

WWW-PUNTAPACIFICAREALTY-COM

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?
X