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Updated over 7 years ago on . Most recent reply

User Stats

95
Posts
20
Votes
Debbie Lee
  • Investor
  • Illinois
20
Votes |
95
Posts

Please help $41,000 paid to a guru company to be refunded !

Debbie Lee
  • Investor
  • Illinois
Posted

Hi to all investors out there, hope you have any advise or resource to help me out.

About 3 weeks ago I paid about $41,000 to a real estate investing company. After I have paid, their attitude and responsibility promised to me changed totally. Slowly I lost my trust on them, so decided to go ahead and ask for a refund.

after a couple of phone calls they only agreed and only refunded me $14,500 and will further refund my $4,500 if I sign their refund agreement ( I guess they are trying to get me sign and agree those are the amount I agree to be refunded and I can't take any other further action to ask more refund), I said I have to call you back. The only reason they holding strongly to argue with me for not willing to refund the most of the amount paid is that I have signed the contract ! They have so smoothly get me to sign a piece of agreement paper, without making it clear that was a " contract" I signed.

Please, do you have any advise or resource that can help me get most portion of the money back?

any suggestion or advise is greatly appreciated !

Most Popular Reply

Account Closed
  • Investor
  • Singapore
3,225
Votes |
1,581
Posts
Account Closed
  • Investor
  • Singapore
Replied

How will an attorney help? It will just cost more money. You signed a contract. Unless you prove they faked your signature, I don't see what an attorney can do. These scammers have expensive attorneys on their end writing tight contracts. They know they are going to have tons of pissed of customers (victims) and know how to protect themselves. Just like timeshares. Once you sign, you have no real recourse after the 3 day period.  Unless the contract promises refund, you are stuck. Did you pay it all up front? If not, you could stop paying them any more. IF you paid it up front, I am sorry. Maybe take what the offer back and consider the loss your education. You have now learned to read contracts before signing them, a good skill to have!

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