Complaint Review: Peachtree Financial Partners, Inc - Atlanta Georgia
Ripoff Report on CBS 19
Ripoff Report on CBS 19 - Global Marketing Alliance
Ripoff Report on ABC 15 - Smart Shopper
Ripoff Report - Girls Gone Wild
Ripoff Report on Fox 11 - Car Repair
- Author Confirmed
- Peachtree Financial Partners, Inc 235 Peachtree Street NE Atlanta, Georgia U.S.A.
- Phone: 770-888-7054
- Web:
- Category: Loans
Barry Wallis @ Peachtree Financial Partners, Inc Barry Wallis and Peachtree Financial are Scam Artists! Do Not Send Them ANY Money! I Am Not The First They Have Scammed! Atlanta Georgia
*UPDATE EX-employee responds: THIS IS A JOKE!!!!
*Author of original report: RICO Statute Violations filed against Barry Wallis and Peachtree Financial
*Author of original report: RICO Statute Violations filed against Barry Wallis and Peachtree Financial
*Author of original report: RICO Statute Violations filed against Barry Wallis and Peachtree Financial
*Author of original report: LAWSUIT against Barry Wallis and Peachtree Financial
*Consumer Comment: Indirectly Ripped-Off from Barry Wallace/Peachtree Financial
Show customers why they should trust your business over your competitors...
listed on other sites?
Those sites steal
Ripoff Report's
content.
We can get those
removed for you!
Find out more here.
Ripoff Report
willing to make a
commitment to
customer satisfaction
Click here now..
I will make this short and sweet. Barry Wallis and Peachtree Financial provided an LOI to us to do a loan on a piece of property in southern California. We provided all of our personal information along with an appraisal that had been completed on the property in the spring of 2007. The appraisal was ordered by a bank that we were going to get a construction loan through so it was not one we had requested or paid for.
We received an e-mail from Mr. Wallis stating that all of our paperwork was in order but that he had to order another appraisal on the property. We were charged more than was is the accepted cost for this area but that is another story. When the appraisal, from his "independent" appraiser, came back it was HALF of what the bank's appraiser came back with last year. Now I know that properties values are down in most areas across the country, but this is 2.89 acres (9 lots) of ocean view property in San Clemente, CA. Less than 5 minutes from the water.
Mr. Wallis now states that because "our" appraisal, which is not even ours, it was the previous banks, was "incorrect" he has the right to keep our $50k ($10k was paid at the beginning and then another $40k upon signing the LOI). THIS IS A SCAM! They never had any intention of providing the loan. They string you a long, get a low ball appraisal and then blame it on you so they can "try" and keep your money.
We are going after Mr. Wallis and Peachtree Financial. I just want to warn anyone else out there before they get involved with these crooks!
Scott
Cardiff, California
U.S.A.
This report was posted on Ripoff Report on 10/09/2008 01:20 PM and is a permanent record located here: https://www.ripoffreport.com/reports/peachtree-financial-partners-inc/atlanta-georgia-30303/barry-wallis-peachtree-financial-partners-inc-barry-wallis-and-peachtree-financial-are-379770. 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
If you would like to see more Rip-off Reports on this company/individual, search here:
#6 UPDATE EX-employee responds
THIS IS A JOKE!!!!
AUTHOR: Andy in Atlanta, GA - ()
SUBMITTED: Monday, October 27, 2014
THIS BORROWER MISREPRESENTED THE VALUE OF HIS PROPERTY IN AN ATTEMPT TO GET A LOAN!!!! SOUND FAMILIAR.... THIS EPITOMIZES THE RESULT OF AN OVER INFLATED MARKET PLACE AND THE COLLAPSE OF THE ECONOMY. IT'S PEOPLE LIKE THIS THAT CONTRIBUTED TO THE OVERALL DECLINE IN THE ECONOMY AND THE RECESSION.
UNFORTUNATELY, THIS INDIVIDUAL HAS FAILED TO ACCEPT RESPONSIBILITY FOR FOR TRYING TO DEFRAUD INVESTORS. INSTEAD, HE HAS TRIED WITHOUT SUCCESS TO BLAME HIS FRAUDULENT ACTIVITIES AND MISTATEMENTS ON OTHERS.
WHAT HAS HAPPENED TO PERSONAL RESPONSIBILITY? WHEN YOU LIE AND TRY TO TAKE ADVANTAGE OF OTHER PEOPLE, THERE ARE COSEQUENCES. THIS INDIVIDUAL SHOULD BE JAILED AND NOT ALLOWED TO PARTICIPATE IN REAL ESTATE SYNDICATIONS IN THE FUTURE. HE IS A SCAM ARTIST.................................................................
HE'S OUT TO GET YOUR MONEY FOR REAL ESTATE DEALS THAT WILL NEVER PAY OFF!!!
#5 Author of original report
RICO Statute Violations filed against Barry Wallis and Peachtree Financial
AUTHOR: Scott - (U.S.A.)
SUBMITTED: Tuesday, June 30, 2009
A lawsuit has been filed against Barry Wallis and Peachtree Financial for civil RICO violations and other causes.
#4 Author of original report
RICO Statute Violations filed against Barry Wallis and Peachtree Financial
AUTHOR: Scott - (U.S.A.)
SUBMITTED: Tuesday, June 30, 2009
A lawsuit has been filed against Barry Wallis and Peachtree Financial for civil RICO violations and other causes.
#3 Author of original report
RICO Statute Violations filed against Barry Wallis and Peachtree Financial
AUTHOR: Scott - (U.S.A.)
SUBMITTED: Tuesday, June 30, 2009
A lawsuit has been filed against Barry Wallis and Peachtree Financial for civil RICO violations and other causes.
#2 Author of original report
LAWSUIT against Barry Wallis and Peachtree Financial
AUTHOR: Scott - (U.S.A.)
SUBMITTED: Tuesday, June 02, 2009
You can contact David Rowe at 512.381.8020 in regards to a lawsuit against Barry Wallis and Peachtree Financial.
#1 Consumer Comment
Indirectly Ripped-Off from Barry Wallace/Peachtree Financial
AUTHOR: Anonymous - (U.S.A.)
SUBMITTED: Sunday, May 17, 2009
Your story is very similar to ours. Except we loaned money to a friend who was trying to get a loan to develop some land. We gave the friend a large sum of money who then gave it Peachtree. Peachtree did it's own appraisal which came in too low so Peachtree kept all the money.
Our friend seems to complain a lot but do nothing to get the money back from Peachtree. I'm at a loss of what to do since it's not Peachtree that owes me the money directly. Is there some sort of law suit currently?
Any help or advice would be appreciated.
Related Reports
04:03 PM
New 
Updated 
Rebuttal 
Photo 
Advertisers above have met our
strict standards for business conduct.
