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Report: #1342851

Complaint Review: PIP West; PIP Group - Aliso Viejo California

  • Submitted:
  • Updated:
  • Reported By: fscanlon — Milton Massachusetts USA
  • Author Confirmed What's this?
  • Why?
  • PIP West; PIP Group 26895 Aliso Creek Road; Suite #B-950 Aliso Viejo, California USA

PIP West; PIP Group Don Fullman; Charles Sells PIP Group Tax Liens, Don Fullman, Charles Sells, PIP East, PIP West, The PIP Group, Platinum Investment Properties The PIP Group 50% Loss of Investment Aliso Viejo California

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At this point in time - after investing 60,000 - we are NEGATIVE $31,322.14 on our three accounts.
If we were able to retrieve the outstanding initial investment of $28,617.74 we would still be at a loss of $2,704.40 after deducting PIP West and PIP Group fees.  PIP has collected $13,060.45 in fees - most of which were kept by them. - a small portion may have been paid to counties in fees.  My accounts are negative $31,322.14

Since inception in 2010/2011 only 15 of the 27 liens have been redeemed.  Two of the 15 were redeemed without interest.  One property was sold by the buyer but the associated lien not paid - bypassing the system. 

Many of the properties were bought in severely depressed neighborhoods and where after research show that the properties keep having tax liens sold year after year making it impossible to get your lien redeemed - the owners end up living the the homes without ever having to pay taxes.

Often the values claimed by PIP West are overpriced with respect to the tax records.  It is clear that properties are purchased on clients behalf without regard for a successful lien redemption. 

 

 

This report was posted on Ripoff Report on 12/12/2016 07:23 PM and is a permanent record located here: https://www.ripoffreport.com/reports/pip-west-pip-group/aliso-viejo-california-92656/pip-west-pip-group-don-fullman-charles-sells-pip-group-tax-liens-don-fullman-charles-1342851. 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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