Consumer reviews and reports on scam companies, bad products and services Rich Sadler scammed me out ot $2100.00 Richard Sadler, Richard W Sadler, R W Sadler, Apex Management, Apex M
12th of Nov, 2011 by User228855
I believe that Richard Sadler is a predatory real estate invester and it is my opinion that no person should enter into any type of real estate deal either as a seller or a buyer with Rich Sadler (Richard W Sadler, R.W. Sadler). He works under the guise of Apex Management and Apex Management LLC. I did a Florida corporations and a ficticious name search on the State of Florida's corporations website to see if there is an Apex Management or anything of the sort registered to a Richard Sadler and there is nothing I could find. I had a rental property that I wanted to rent out or possibley sell it. Richard seems like a nice guy and helpful in the beginning. He gives a good sales pitch on how you will not be able to sell your house through conventional means, but he will buy it and he will continue to pay and or make payments even before you close on the property with him. All B.S in my situation as he did nothing that he promised he would do. I had a renter that wanted to move in but Richard was so reassuring and made so many promises if I sold it to him so I went ahead with the deal. Before I signed and agreed to do the deal he was always accessible. He always answered his phone and replied to text messages. However, once I signed the sales agreement he was no where to be found. He didn't pay me like he said he would during the time that we were waiting to close. He only made one of the monthly payments to me and even that one was 30 days late. He either canceled or never showed for a total of 6 appointments that we had to do the final closing. He wouldn't return any phone calls or reply to any texts. We hadn't even done the closing but he went a head and "sold" my house to other people. He moved some buyers into my house and had them sign a real estate sales agreement buying my house from him. The deed to my house was still in my name but yet he is signing a Real Estate Sales and Purchase Agreement. After missing 3 monthly payments and still owing me $500 from the down payment that he promised to give me but never did, I finally came to my own conclusions and believe that Rich W Sadler is a real estate scam artist. He was collecting monthly payments from the people in my house but he wasn't paying me. He promissed to give them the deed to the house but he can't do that while the deed is in my name. Also his agreements are heavily weighted in his favor so that if he decides to change his mind on the deal he can walk away with no repercussions for defaulting on the deal. However, if the other party cancels the deal they have to return or forfeit all money to him. I finally sent him a letter telling him that he defualted on the terms of our agreement and declared it void. But he had my house tied up for 4 months and caused me to lose 3 months of income on the house. Not to mention that fact that now a family had moved into my house and had given Richard a $5000.00 down-payment that they will probably never get back from this fraud. Richard walks away with a total of $9400.00 from the buyer; he got the $5000.00 down payment plus 4 monthly payments of $1100.00. It is my opinion that this is his method of operation. He ties up home in a purchase agreement, then preys on desperate individuals with bad or slow credit trying to buy a home. When the seller has finally had enough and catches on. Richard just runs off with the money he got from the buyer. Leaving they buyer in a house that they do not own and out their down payment money.
He owes me over $2000.00 for the months that he had my house tied up nad not paying me when I could have either been collecting rent or sold the house to another party. These are his two websites and that he uses to get people. He has done real estate deals in Florida and Georgia. If anybody reading this has had a bad experience and feel you have been scammed by Rich Sadler then please also leave a report here and or information so we can compare notes and put this guy out of business.

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