Legendary Solutions, Inc., Innovative Property Solutions, Inc., Chantal Bonney, William Bonney, Bill Bonney Of El Cajon, CALegendary Solutions, Inc., Innovative Property Solutions, Inc., Chantal Bonney, William Bonney Borrowed $30,000.00 for real estate, has not paid it back, threatens to file bankruptcy El Cajon California
Contract was to lend $30,000.00 for 6 months as per written signed and dated contract. This contract began November 1, 2007 and ended officially May 1, 2007. According to contract, they had 30 days to pay the entire amount back which gave them until May 30, 2007. They have made only interest payments, they have not even attempted to pay on the principal and unknown to me, they purchased the property I was supposed to invest in, without my consent, without my signature and without a written contract on April 16, 2007 for property at 9107 N 12th Street Phoenix, a 5-unit apartment complex.
I was stalled and given excuses why the property wasn't ready, or that the deal hadn't gone through, but according to public record, the deal indeed went through and they are profiting from use of my funding and by collecting rents on said property located at 9107 N 12th St Phoenix, AZ. At no time was I invited to inspect the property, look at contracts or anything, so after waiting until September 2007, I told Mr. Bonney that I was pulling out, and he told my husband that it would take him about a month (October 2007) to come up with my refund. October came and went, Mr. Bonney never called, nor did his wife. His son, William Bonney, II says he is not involved with his Father's business, yet he works for the company and by all means, should be the resident agent here, if they don't have an attorney in AZ. In early November a return receipt requested letter was sent demanding $15,000.00 by November 15th, 2007 and the balance plus interest of $15,000.00 and interest due November 30, 2007. When we phoned Mr. Bonney on November 26, 2007, he threatened to file bankruptcy to evade the debt if this went to court.
Legendary Solutions, Inc. the Nevada Corporation is only licensed to transact business in Nevada and California, and that is the company that I lent the money to. They also own Innovative Property Solutions, Inc. of Nevada and it is now known if either is licensed to transact business here. Taking money in the State of Arizona under laws of Maricopa county, make this a case where he's doing business in Arizona without a proper license. Legendary Solutions, Inc. doesn't hold the assets such as several real estate properties, they are held by William Bonney's wife Chantal Bonney personally. The bottom line is that these people took my money, used it to further their collection of real estate, and are now refusing to pay it back as per their own contract. The contract I have is void at this point, with all money due and payable NOW. We have told Mr. Bonney to check in with us DAILY on the status of his repayment. After doing some research of my own, there are mortgages totalling hundreds of thousands of dollars taken out by Chantal Bonney and William Bonney as a married couple, so there should be NO problem getting a mere $30,000.00 back to me according to the original contract. Again, I have not signed anything extending the original promissory note, nor have I signed or agreed to purchase any property. My funds were used without a contract, without my permission on a property that is now under the name: Chantal Bonney.
I will allow them time to review this post and to come up with money which is now basically stolen. I would advise NO ONE to do business with these people until they come up with my investment money. They had NO permission to use my money for any transaction, and as of now, the funds are no longer a loan. These people do not call, they don't share concrete information and from the beginning everything was shady, even more after threatening to file bankruptcy, which would be blatant fraud in order to avoid paying a debt. While everyone makes mistakes or falls on hard times, that is not the case here. It's using and abusing another person for your own personal gain. Mr. Bonney and his son William Bonney Jr. handle several properties in Phoenix and are always on the lookout for a money making deal. Again, until they make good on this contract and I can file a positive conclusion to this post, it would in my opinion be best that you use extreme caution in doing business with these people. The Attorney General's office has been made aware of this, as has the BBB in San Diego where the company owner's live.
The company can be sued, and liens attached to the property held by the owners. Currently, they are attempting to avoid court by paying me $225.00 a month in interest only, on a voided contract which is illegal. With all of the loans they have on properties, I cannot imagine why it is suddenly so difficult to come up with a refund. Borrowing is borrowing for a set period of time, after which all money is due and payable. Filing bankruptcy at this point would be criminal, as would trying to conceal personal assets from a judgment. As soon as this debt is paid in full, I will be happy to note publically on this post that the matter has been resolved. Another letter will be going out as of November 28, 2007 stating a new promissory note that I will generate, for a short time period, and higher payments and interest. As far as I know, the property at 9107 N 12th Street Phoenix was purchased using my money as a partial down payment, totally without my consent. I will be monitoring any title transfers or quit claims filed in Arizona court as well as California as a means to evade repayment of a debt. I will also not accept any harassing words or threats from these individuals when I am right, I have a written contract enforceable in Arizona, Maricopa County, and I have been very accommodating until now. If the Bonney family would like to file a rebuttal showing publically what they are doing to remedy the situation, that would be fine. If there are any more games or delays, I will update this post with complete information.