Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Legal & Legislation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 7 months ago on . Most recent reply

User Stats

11
Posts
0
Votes
Michael Williams
  • Investor
  • San Jose, CA
0
Votes |
11
Posts

Mortgage Note Syndicator Not Communicating

Michael Williams
  • Investor
  • San Jose, CA
Posted

Hi All, 

I took part in a syndicated deal that bought notes in New Hampshire. The syndicator is based in Scottsdale and the lead partner is an attorney. It's been over two years and so there has been plenty of time to have closed the deal. The syndicator refuses to give me updates and does not return emails. Question is how can I apply pressure on the syndicator to update status and return my funds? I have sent a funds demand via email but have not gotten a response. Thanks to all in advance for your thoughts!  

Most Popular Reply

User Stats

19,020
Posts
16,580
Votes
Chris Seveney
  • Investor
  • Virginia
16,580
Votes |
19,020
Posts
Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@Michael Williams

If it’s who I think it is (Scottsdale was in the name) I heard they went under and your money is gone. Rumor is they also stiffed some attorneys

As a side note: he was an attorney who had been disbarred then went and still practiced after that and got caught and got in more trouble.. So he is no longer an attorney last I heard.

I also didnt think they had a syndication - was it a jv or syndication?

  • Chris Seveney
business profile image
7e investments
5.0 stars
1 Review

Loading replies...