Qualified Intermediary Scam?

[Brandon Lowery]

Hi everyone...  I'm new to this forum, thanks for having me.

I'm in a little bind and need some help related to a 1031 exchange where a Qualified Intermediary is holding $113,344.93 of my money.   Looking for some advice.

It's this group- http://www.qualifiedintermediary.net/  (moderator, i hope it's ok to list the company, i would like to verify it's not a scam).

I closed on a new property today at 3pm (EST).   i told this Hetsler group last wednesday, 8/2/17 that today was the closing.   I reminded them on Friday, 8/4/17 and was told the funds would be wired into the account that night.   Didn't happen.   

I was told today by 10am the funds would be in the account.   Again, didn't happen.   Was told 2pm, didn't happen.    

They're dogging my calls and will not return emails/ or any correspondence related to this transaction.  I had a friend go by their "office" and it is a Regus key man office space.   

What are my options related to access to the funds to make sure they have not scammed me?   The dude's name is Robert Hetsler.   Apparently "Dr." but I'm not buying that is legit.  

Thanks everyone.

[Kimberly Gopp]

@Cheryl Dopp - So you have joined BP today, just to comment on this? 
I'd encourage you to go beyond just the first posters comments and feel the anguish of all the investors that lost money.
Then come back and offer some real value in your review. " trying to get in touch with Robert over a new transaction" .... seriously? Please read all 7 pages. 

I think everyone would agree that - NO this thread has not contributed to him being run out of business - His actions have led to him to BE out of business.

Did investor funds pay for this? His $500 QI fee certainly did not ..... 06/22/17, Robert Hetsler paid $1 million for the 5,589-square-foot home at 4871 Scenic Marsh Court, off Heckscher Drive. Now in foreclosure! 

I am in the middle of my first 1031 exchange right now and my QI is

The fee is 1k plus $200 on the back end for the identified property. Your attorney will not be shocked by this rate.  You will be in good hands with Claudia. Good luck on your next transaction.