All Forum Posts by: Scott Johnson

Fraud Complaint filed with the Federal Trade Commission.

Estate Legal has CCed me on emails to the American Arbitrarion Association, stating that our contractual agreement requires us to use them for arbitration. I continue to affirm that no agreement between me and estate legal exist, as there was no meeting of the minds, which is required for a legal contract inder NC State Law.
I furthermore had rescinded my offer to enter into said contract with them due to this lack of the meeting of the minds.

I continue to request a full refund. 

I attempted to file a small claims suit in my home county, but confirmed that the suit has to be filed in a county where the defendant resides. So I'll be filing it in Los Angeles County California.

The primary thing you're going to run into is whether or not a lender, at purchase of the property, will allow there to be a secondary lien on the property. A lot of them have restrictions that state that the down payment has to be cash. I would confirm this first.

Otherwise, I just use Excel and develop my own pro forma from there. It's simple enough to make a row for income, and another for expenses, and then subdivide those expenses, and add them up in the total expenses cell and then subtract the gross income from those total expenses to get my net. From there, it's easy enough to look up the tax rate for corporations and make your tax burden assumption. Make sure to take it into consideration depreciation. This is located in the rental real estate publication by the IRS.

They're going to want to check with state law to confirm how the general assembly sees "notice delivery" as a whole. 

For foreclosures here in North Carolina, there is a certain amount of time that you can have a letter posted on their front door. Even if they don't open it, it's considered delivered. Moving forward, it may be prudent to send the notice 90 days in advance, check to see if they got it, and if they say that they didn't go ahead and post it on the door 60 days in advance.

For the second part, you're going to need to confirm how contract law works in Nevada, but here in North Carolina if there is a signed lease that lease stands for the entire duration. Meaning, I can't go raising the rent after both parties have signed the lease for a lower amount.

hope that helps!

@Jeremy Picker I'm having the same experience. It's interesting how the emails and texts get longer and more emotional while the spelling and grammar gets worse.

I'll be filing a fraud claim with the Federal Trade Commission. Filed an abuse complaint with their domain provider.

Complaint Filed with the North Carolina Attorney General today.

I wouldn't stand up if I knew I'd done wrong. But I know in my heart that I'm in the right.

SPARTANS NEVER RETREAT. SPARTANS NEVER SURRENDER.

I have confirmed that, due to a lack of meeting of the minds which is required for a legal contract, there is in fact no contract. 

Remember, I sent a signed and amended the agreement on November 28th, sent it to them for signature, received confirmation of their receipt, wired funds, requested multiple times they send me the fully executed agreement, never received a fully executed copy back from them and finally was questioned by them yesterday as to why I altered the agreement (meaning there was no meeting of the minds since it's therefore proven that they didn't even look at it).

I have rescinded my offer to enter into a contract with Estate Legal for lead generation services and am now seeking a full refund, including my cost of wiring the funds. 

Depending on how this progresses, I may be making the North Carolina Attorney General aware of the situation.

Hope this helps! Learning a lesson for all of us! 💪🏻 That lesson:

DO NOT WIRE FUNDS UNTIL THERE IS A FULLY EXECUTED AGREEMENT BETWEEN PARTIES THAT CONFIRMING THERE IS AN ENFORCEABLE CONTRACT.

I did confirm that in North Carolina, per the Statute of Frauds, any agreement lasting a year or more must be express, in writing and delivered to both parties, along with consideration (which I remitted via wire). 

As I stated above, please exercise caution and make sure fully executed documents are received prior to wiring funds.

I was actually attempting to remove in consideration of their actually responding to me. Funny enough, though, I just received said email, but it's more eluding to the fact that's the route they may attempt to take.

What's interesting is that I sent them the referral agreement with my signature and subsequently wired the money. Definitely a bad move on my part. I just put too much trust in them.

To date, I have not received an agreement with their signatures (fully executed), although I've asked for it multiple times to date.

They sent a PDF agreement for review and gave me a deadline to sign, which I believe was a Saturday. I was not sent a Docusign, so in lieu of that I amended the agreement so it stated the terms that were agreed upon and sent it in, as they have a boilerplate agreement they send out. From that point, onboarding began and the silence ensued...

For those who have received the Docusign that was already signed by the company and moved forward from there, there may be no issue. 

I'm sure they're legitimate company, but investors should just watch their 6 and make sure the process follows this order:

- Docusign (fully executed)

- Wire Money

- Follow Up consistently

In my situation, the company failed to send a Docusign while also setting a deadline for signing was communicated. I have a feeling it was an internal "ball drop" that turned out to be very unacceptable.