Complaint Review: The Investment Group - Nationwide
- The Investment Group 34522 N. Scottsdale Road #212Scottsdale, AZ 85262 Nationwide U.S.A.
- Phone: 888-844-4968
- Category: Investment Brokers
The Investment Group, John Jennings AKA Allforeclosure.com Dishonest dealings rip-off! False advertisement. Scottsdale Arizona
*REBUTTAL Owner of company: Defamation of Business Character
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The home went in to foreclosure in March due to a loss of a job in August, as the company I was working for was purchased. I made the payments until January 2004 and missed a payment. Several attempts were made to contact the mortgagee company Homecomings Financial to set up a repayment. Homecomings would never call us back. The Investment Group contacted us and told us they could help. They claimed they could purchase the house and rent it back to us and when we were ready, we could purchase the house again. That would get us out of the foreclosure.
The Investment group meets with us in March and had us sign an agreement that they would purchase the house and rent the house back ,with an option to purchase. They were supposed to provide us a copy of the agreement as we asked several time but never received one. The process was that they would find an investor, package the loan, and get a new loan to pay off Homecomings.
The house was scheduled to go to sale on June 1, 2004. We keep contacting the Investment Group to find out the status and they keep saying do not worry we do this all the time. In May they said they could not do anything until we gave them $1300.00, first they called it rent and when we said you have not purchased the house yet, the owner called and said oh it is a good faith estimate and we can not do anything until we get the money. They told us things like we are negotiating with the second, we are trying for a short sale, and we requested a payoff
We did get a hold of Homecoming and they had no record of any communication with anyone. The day before the sale, we contact the owner John Jennings of the Investment Group and he told us that we would need to file a Bankruptcy, Chapter 7 to stop the foreclosure because they needed more time as they had a buyer. We told them that we were already in a Chapter 13 to pay back income taxes and did not want to screw up the 13. John insisted and yelled at my husband that they have a buyer and we could file and just not turn in the paper work and it would delay the foreclosure. He said just do what I say; I do this all the time. Marsh McHenry the person we were dealing with delivered the papers for my husband to fill out and file with the courts.
I was out of town at the time starting a new job so my husband went ahead and filed with the stress of losing the home with no where to go. The Investment Group faxed the filing of the bankruptcy to the foreclosure trustee to delay the foreclosure. It delayed the foreclosure for a couple of weeks. We received a notice the day the house went to foreclosure sale. We called the Trustee and Homecoming and they had no record of anyone contacting them to delay the sale as the Investment Group told us they had done.
I called the Investment Group to advise them that the house went to foreclosure and they said it was our fault because we had not gone through with the Chapter 7. I requested that they return the money because they guaranteed me that they could help in arch and they had asked me not to put the house up for sale for work with anyone else. I could have sold the house to pay off the debt in full and not have a foreclosure against me.
This report was posted on Ripoff Report on 07/17/2004 06:27 PM and is a permanent record located here: https://www.ripoffreport.com/reports/the-investment-group/nationwide/the-investment-group-john-jennings-aka-allforeclosurecom-dishonest-dealings-rip-off-fal-99372. 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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