Complaint Review: Wealth Architecture Group, WAG, Ryan Namba, Brock Worthen, Michelle Archer - Studio City California
- Wealth Architecture Group, WAG, Ryan Namba, Brock Worthen, Michelle Archer 12001 Ventura Place, Suite 200 Studio City, California U.S.A.
- Phone: 818-742-6300
- Category: Real Estate Services
Wealth Architecture Group, WAG, Ryan Namba, Brock Worthen, Michelle Archer Shady Investment Company Studio City California
*Consumer Comment: Consumer Remark - My Two Cents
*Consumer Comment: I Agree, don't trust Wealth Architecture Group
*Author of original report: UPDATE
*Author of original report: UPDATE - RETRACTION
*Author of original report: Avoid
*REBUTTAL Individual responds: Response to Laguy's False Accusation
Upon purchasing there was no attempt by WAG and it's employees to rent these properties or help with the placing of advertisements to help. We, as the the investors were left out to dry. After our "cash back" from buying them was gone, they offered to help pay our mortgages for a few months, which they did. We asked and asked about selling these and they never helped as promised in the initial meetings with them. After a few months, they stopped paying and we were left to cover our costs, develop our own advertising and find our own tenants. That is not a problem if that was the program we bought into.
Eventually we were tapped out and had to foreclose. During this process, we found other investors who also had been burned by WAG in Texas, Georgia and NC on "investment properties". In texas alone, the street that we bought our two houses on (all WAG properties), there were 8 foreclosures and even more short sells.
To date we have 32 people and are exploring all legal options against WAG.
They are still out there selling properties and investments, getting themselves rich, while their investors are left out to dry.
I would suggest avoiding this company if you are looking to invest.
West Hollywood, California
This report was posted on Ripoff Report on 04/15/2009 10:25 AM and is a permanent record located here: https://www.ripoffreport.com/reports/wealth-architecture-group-wag-ryan-namba-brock-worthen-michelle-archer/studio-city-california-91604/wealth-architecture-group-wag-ryan-namba-brock-worthen-michelle-archer-shady-investmen-443757. 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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