Complaint Review: Troy St. Pierre Beneficial Planning , Arcatia Basin Corp ,alternatemutual.com/ - Corinth-Dallas Texas
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- Author Confirmed
- Troy St. Pierre Beneficial Planning , Arcatia Basin Corp ,alternatemutual.com/ 4251 FM 2181 Ste. 230/344, Corinth-Dallas, Texas U.S.A.
- Phone: 972-346-8095
- Web:
- Category: Corrupt Companies
Troy St. Pierre Beneficial Planning ,Arcatia Basin Corp alternatemutual.com/ Took over mortgage payments and promised to buy within 24-36 months. Corinth-Dallas-Houston Texas
*Consumer Comment: Personal Experience with Troy St. Pierre
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I moved from Texas to Ohio around the last part of 2004. The housing market in TX was bad at the time. Thus, I was not able to sell my house within a year. My realtor told me about a guy/company Troy St. Pierre/Arcatia Basin Corp. that would manage my property i.e. find renters, pay the mortage, etc.
Well, I was desparate after making a few of the payments when I moved to Ohio. I decided to give him a try. The catch was that I had to sign over my deed to this company and they would in turn manage it and would eventually sale it within 24-36 months.
Well of course, the sale never happened. The company then changed its name to Benefical Planning got behind on the mortgage payments. Told me to make 3 or 4 payments and they would pay me back after their financial woes were put in tack. THAT NEVER HAPPENED EITHER. Contact me for emails from Troy promising to pay me back.
Beneficial Planning apparently put all of their properties in their own individual trusts. What I was told by one of the partners of the trust was that the trust would re-establish my mortgage credit history after a year, because the trust is responsible for making the monthly payments and that after a year, they would sale the house and the mortgage would out of my name. Please contact me for the name of all the partners involved.
Its now July and my mortgage after a year is not sold and all the parties involved know that the mortgage that they agreed on has not been paid. So now I am in the same place I was a few years ago. LATE PAYS ON MY CR.
Troy St Pierre has changed the company name to Alternate Mutual, LLC. And looks like he is operating in full force. Third name change, sounds fishy. Wonder who he is dodging.
PLEASE, I BEG YOU PLEASE, do not do business with this unethical person and his company. To prevent forclosure, please work directly with your mortgage company.
TROY IS OUT FOR HIMSELF!!! And like he told in one of our conversations, "aint a d**n thing you can do to get out of our agreement". He will repair your credit alright :-(
PS I have contacted lawyers and the Texas Attorney General with no help coming from any of them.
T. Marie
Dayton, Ohio
U.S.A.
This report was posted on Ripoff Report on 07/09/2007 11:58 AM and is a permanent record located here: https://www.ripoffreport.com/reports/troy-st-pierre-beneficial-planning-arcatia-basin-corp-alternatemutualcom/corinth-dallas-texas-75029/troy-st-pierre-beneficial-planning-arcatia-basin-corp-alternatemutualcom-took-over-mor-259614. 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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#1 Consumer Comment
Personal Experience with Troy St. Pierre
AUTHOR: Dwr - (U.S.A.)
SUBMITTED: Thursday, February 12, 2009
I have personal experience with Troy St. Pierre and can attenst to the fact that he is a con artist who has ripped off investors and home owners alike.
I was an investor, one of several I knew of in the Dallas-Ft. Worth area. I got involved with Troy through a friend who had been following Troy's real estate investing program for about a year.
Troy made alot of promises that never materialized. He didn't pay me the money he owed. He didn't pass though lease payments from tentants to me or other investors. He didn't keep up the properties like he told us, nor did he pay property taxes.
From an investor standpoint this turned out to be a ponzy scheme with Troy making all the money.
In my opinion the reason Troy has changed his company name and location is because I figured out what was going on - after it was too late of course - and sued him, the title company he worked with, the appraisers, and a couple real estate agents.
Once I filed suit all these companies and or individuals closed up shop, ran away etc. I was about to get a default judgement against the mortgage broker and a real estate agent I was suing turned around and sued the same mortgage broker. The judge used this as a reason to delay my judgement. I had paid out over $30,000 in legal fees pursuing this scam and basically ran out of money. I couldn't get the properties sold because the appraisers he worked with inflated the values.
I ended up filing bankruptcy, has did 6 or 7 other investors I know.
Stay away from Troy St. Pierre. He will take your money and leave you hanging in the wind!
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