Complaint Review: True North Development Group - Denver Colorado
True North Development Group TN Dev Group, True North Buys Homes, Elizoebeth Jensen Lunsford, Outright Deception especially when it comes to getting a property under contract with an uneducated and inexperienced seller. These people perpetrate fraud. Denver Colorado
*REBUTTAL Owner of company: Comment from True North Development
*Consumer Comment: Perfect Role Playing!
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This should be CRIMINAL.
Had the misfortune of a answering unsolicited phone call from this “investor" and told me they were looking for rental properties in my area. After continually calling me for a few days, the investor came to the house and had a meeting that lasted hours.
At the end of the meeting I was talked into a purchase price of $400,000 for a property I didn’t even plan on selling. I later learned that at the same time, the "investor" had already assigned the contract to a second investor for $500,000 – with the agreement that the second investor would pay a $100,000 assignment fee to the original investor.
Once the “investor” makes contact with someone, they start “working” on them. They are professionals at getting close and gaining trust. They are charming and know how to obtain information about you that will help in their dealings with you. In just a few short conversations they will find out private information about you and then use it against you.
These people perpetrate fraud, and they are good at what they do – separating you from your money.
Here is what I have since learned about these frauds and their so called "real estate investment"-- they bring no real value to a real estate transaction, they quote wildly inaccurate numbers on comps, ARV, repair costs, etc. They seem to be fresh from a local meetup or guru seminar and they are interested in jumping into the real estate industry with no funds of their own to invest. Their actions strike me as not just operating in a gray area but tending toward outright deception (especially when it comes to getting a property under contract with an uneducated and inexperienced seller).
I am clearly not their only victim and looking for others who have experienced similar.
This report was posted on Ripoff Report on 10/06/2019 11:29 AM and is a permanent record located here: https://www.ripoffreport.com/report/true-north-development-group/denver-colorado-tn-dev-buys-1486032. 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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