Orange Crest Realty Corporation
Defaulted on a promissory note and they did not righfully own the property that secured the note

Orange Crest Realty has advertised in the Los Angeles Times business section for about 2 years. They offer investors the ability to earn high returns (12-18%) with promissory notes that are secured by Deeds of Trust for properties the firm owns. They claim the loan to value on all loans is 50% or less so if they default you will be able to recover the principal via a foreclosure and Trustee Sale of the property. I entered into an agreement with them in April with an 18 month term on a 6 figure investment The first problem I encountered was getting the recorded Deed of Trust on the property. I was told that the county recorder's office had a backlog and that it would be forthcoming. The monthly interest payments came as promised, but still no recorded Deed of Trust. After more than a year of delays I finally received the Deed of Trust. As the 18 month period approached I received a call asking if I wanted to re-invest or get my principal back. I opted to get my principal back.

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Company: Orange Crest Realty Corporation
Country: USA
State: California
City: Riverside
Address: 6346 Brockton Avenue
Phone: 9512759466

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