The plight of investing with Patch Of Land -What can I do as an investor

[Mtgtme Mtgtme]

Hello:

I wanted to start this thread, as I see a lot of investors on this forum who are the victims of the vicious company called Patch Of Land (POL). Now it came out under a new mask called Patch Lending.

I have two properties underwater. Total 10K investment.  For one property it appears POL got the money back including interest. For the second one,  POL says the title was a fraud ( so much to the due diligence this company did). Now they do not want to tell how much they received on the property that they got payments. POL has appointed a guy by the name of Carlos ( who happens to be the co-founder of POL  ironically) who is offering 50 cents on a dollar. The contract for settlement is a bit stringent. The settlement contract does not allow the investor to pursue POL in the future with any claims.

Questions:

1. Has anyone in this forum taken the settlement offer? I have already burnt my fingers investing in this shady company, so trudging carefully. If you have considered the settlement offer, appreciate it if you can share your thoughts.

2. I have seen posts from folks considering a class action suit. I searched for any links and did not find any. I cannot afford an attorney. Hence I am a bit pushed to the corner.

Please suggest any options.

[Jay Hinrichs]

your total investment with them is 10K or what they are offering you will cause a 10k loss.?

If you cant afford a lawyer and there is small dollars involved then U just have to make the best decision you can.

Class action lawsuits are all talk.. and NO action.. very tough for private investors in deals that went bad to bring these cases

there is not enough money in them .. so attornies are not going to take it on a contingency fee.