EquityBuild, Inc

EquityBuild, Inc Jerry Cohen these guys sell you junks and rip you off every penny Marco Island, Florida

9th of Jun, 2011 by User327553

These guys from Florida who know nothing about Real estate in Chicago, try to sell you junks in south side chicago. First start off saying this is in good area and that is in good area, giving you an inaccurate CMA to push you into a transaction. a CMA comes from them can state a property worths $400k but the bank appraises it for $130k which make it look like a steal at the beginning but you will figure out later on. plus they are all in bad areas or right at the border and they claim those are in good area. further more, they claim their business structure is not to flip the property for huge profit but they sell you a property for $150k while they get it for $30k, they never own the property before the close, I am not sure it is legal but they basically do double closing without proper documents. They have rehab escrow which charge you for tens of thousands dollar and didn't do a job that worth more than 5k. it is totally inhabitable. so they make money both flipping a junk to you and rip you off from the rehab. it sounds like they are professional, but they are not, just father and son scams. there are already a few victims who are stuck with their properties and not able to refinance from a traditional banks. they provide hard money loan which is 13% and they make money here and there. I backed off a couple properties after knowing their business practice and they withhold my money and not willing to give it back to me, $150k+???? does it sound right to you?? it is a scam! do you want to be the next victim? my bad experience is a gain to you. think 10 times before you go with these guys. stay away! poor management and they never disclose what they spent on rehab, so you know how it goes.

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