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Is this fraud or what exactly is it?

submitted by CovidHoldout to AskGoats 1.7 yearsAug 22, 2023 12:24:46 ago (+3/-2)     (AskGoats)

These people told me they wanted to "buy" my house, through some kind of wholesale agreement. I stupidly signed it many many moons ago. I bailed and told them no, keeping the house and don't feel comfortable selling through a wholesale agreement. I would still own the loan, but they would own the deed to the house. It was so confusing I just noped out after I did some more research.

Now they are claiming I owe them 25,000 for damages to make up for the lost revenue and time they spent buying the house. They straight out lied about many many things about my house, which were completely wrong. But they put a clout on my title, so now I feel like i have no options left but to pay up. I even offered to pay damages from the sale proceeds of the house, but they refused and said i have to pay the settlement/cure amount up front

Sucks but it is what it is


26 comments block

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[ - ] dosvydanya_freedomz 5 points 1.7 yearsAug 22, 2023 12:28:53 ago (+5/-0)

get a lawyer. if you win they might have to pay him instead of you.

if they lied to you and tried to scam you then its a felony. good luck!

[ - ] KosherHiveKicker 8 points 1.7 yearsAug 22, 2023 12:31:05 ago (+8/-0)

Consult a real estate attorney BEFORE you do anything else.

Find out with 100% certainty what you are legally required to do. Do not even speak directly with other party. Get everything they are asking for in writing in order to keep a paper trail for your legal consul.

[ - ] NaturalSelectionistWorker 5 points 1.7 yearsAug 22, 2023 13:07:00 ago (+5/-0)

Remember, if enough people shoot the people who do this, they'll run out of scammers willing to do it. Aim for the guy with the kikeyest name/nose first.

[ - ] CovidHoldout [op] 0 points 1.7 yearsAug 22, 2023 13:26:18 ago (+1/-1)

It's weird because they claim they "lost" money from me not selling them the house ... the house has been vacant for close to a year and i cant really see what money they "lost" on the house. They said its based off profit sharing, etc, but the money they would make off the rent doesn't come close to the damages they are requesting. They now want 50,000 in damages split two ways, payable upfront and after the sale of the house

[ - ] Ozark 9 points 1.7 yearsAug 22, 2023 13:38:55 ago (+9/-0)

You are a verifiable retard. If you are actually managing accounts over 10k you should stop and delegate that to someone that can.

[ - ] Sleazy 1 point 1.7 yearsAug 22, 2023 14:48:58 ago (+1/-0)

Just how the fuck would you owe them money?

[ - ] Sector7 1 point 1.7 yearsAug 22, 2023 15:15:23 ago (+1/-0)

I stupidly signed it many many moons ago.

His assessment sounds correct.

[ - ] Sleazy 1 point 1.7 yearsAug 22, 2023 15:17:27 ago (+1/-0)

So you are saying there is no way out of the deal once you signed some papers?

[ - ] Sector7 1 point 1.7 yearsAug 22, 2023 18:48:44 ago (+1/-0)

There could be, in the case of intrinsic fraud or several other issues. But you kind of commit by signing a legal document. If you fail to fulfill your legal obligation in a way that 'damages' the interests of the person relying on your promises, they may have a legal case against you.

[ - ] CovidHoldout [op] 0 points 1.7 yearsAug 22, 2023 15:36:49 ago (+1/-1)

Correct, its pretty iron clad at this point, and they have more lawyers and money than i do. So really, ill have to pay and use legal counsel and stuff going forward

[ - ] CovidHoldout [op] -1 points 1.7 yearsAug 22, 2023 15:17:04 ago (+0/-1)

Here's the general run down. They "bought" the house from me. They didn't hold the title or bill of sale, but they then sold the house as a tranche to another company. New company than sold it again to another company. Think fractional reserve lending where the same house can be re hypothecated into multiple balance sheets, gotta pump up those quarterly earnings. The only way for the company i "sold" the house to to reverse the transaction, they have to pay out the deposit they got from new buyer, who does that with every subsequent buyer. Hence, I need to pay them 30 - 50,000 to break the contract

[ - ] Sleazy 1 point 1.7 yearsAug 22, 2023 15:19:33 ago (+1/-0)

So how can they sell a house they do not have the title for?

[ - ] CovidHoldout [op] 0 points 1.7 yearsAug 22, 2023 15:21:19 ago (+1/-1)

They put a cloud on title/memorandum of sale and are using that as leverage to make me payout their cure fee of 30,000$ - 50,000$

[ - ] Sleazy 1 point 1.7 yearsAug 22, 2023 15:23:29 ago (+1/-0)

Well damn, that sounds mighty convoluted.

[ - ] CovidHoldout [op] 0 points 1.7 yearsAug 22, 2023 15:24:52 ago (+1/-1)

This is clearly a scheme marked to desperate or old people, because it reeks of jew

[ - ] Sleazy 2 points 1.7 yearsAug 22, 2023 15:38:21 ago (+2/-0)

It certainly does have that jewish stench associated with it.

[ - ] Anus_Expander 1 point 1.7 yearsAug 22, 2023 17:01:32 ago (+1/-0)

u r retarded, thanks

[ - ] PhantomXLII 0 points 1.7 yearsAug 22, 2023 18:23:41 ago (+0/-0)

...

Why the fuck did you sign literally anything at all?

[ - ] CovidHoldout [op] 0 points 1.7 yearsAug 22, 2023 21:40:06 ago (+0/-0)

The way they worded it made it sound like an official sale of the house, it’s only after they decided to disclose the part about buying the deed of the house and not paying the mortgage. To date this company has told me my bank is wrong, my cpa is wrong, and that their lease to own which isn’t a lease to own because we said so is actually something else when it’s not.

[ - ] PhantomXLII 0 points 1.7 yearsAug 22, 2023 21:47:04 ago (+0/-0)

...

So they're jews. Kill them. Leave a statement, not a manifesto. That's about all you've got as far as I know.

You shouldn't have signed a thing. You reeeeaaaallllly shouldn't have.

[ - ] CovidHoldout [op] 0 points 1.7 yearsAug 22, 2023 23:18:08 ago (+0/-0)

In all fairness i would have never signed had i known what i was getting into, the language they used and the pitch were clearly made to deceive people and trick them. Luckily for me with the grace of God I have a way of getting out of this unscathed

[ - ] PhantomXLII 1 point 1.7 yearsAug 22, 2023 23:20:55 ago (+1/-0)

Luckily for me with the grace of God I have a way of getting out of this unscathed

Whatever that may be, go forward and "sin no more".

Always be on guard, or else you might learn something.

[ - ] killallkikes 0 points 1.7 yearsAug 22, 2023 18:53:24 ago (+0/-0)

just dont pay shit, fuckem

[ - ] deleted 0 points 1.7 yearsAug 22, 2023 21:11:43 ago (+0/-0)

deleted

[ - ] CovidHoldout [op] 0 points 1.7 yearsAug 22, 2023 21:36:52 ago (+0/-0)

No actually got it back through the power of taking it back