Real Estate Demand Letter

[Arron Paulino]

Has anyone ever had success with a demand letter? I will be sending two letters regarding a property that I was planning on fix and flipping. One letter is going to a former contractor (Dan Fitzgerald from Memphis, TN area) that I will be pursuing for fraudulent activity since he left about halfway through the rehab. The other will be sent to a scammer (David Owens of Owens Financial Group), who claimed to be legitimate, but was actually just pulling me along and had me wire funds for a loan that never even seemed to exist.

I waited about a year to take action and I figured better now than never to act on this. Hoping for something to happen in my favor, but not getting my hopes up. If anyone has pointers with this, that would be greatly appreciated. I put in my letter than I will give them two weeks to respond before needing to take legal action and have this tracked to see where the letter is to be sure it has been delivered.

[Jay Hinrichs]

Quote from @Chris Seveney:

@Arron Paulino

You will need to get an attorney involved but honestly at this point you are probably just throwing money away as these scam artists are long gone and most likely so is the money

You can file complaints with your state banking - check nmls who to contact for the loan issue

For the contractor if they are licensed file a complaint with licensing board. If they are not licensed then you are out of luck

Yup fake lender you got scammed no hope there..  contractor or maybe contractor these guys that do low value jobs are basically judgement proof as in they have no money.. Even if you got a judgement. Just move on.  NEVER ever send a lender money in advance other than maybe a small deposit like 100 or 150 bucks to run credit etc.. and then most will have you pay for the appraisal directly.