Met Art via ad in local paper. Was looking for investors to loan money for flipping and buying real estate residential property. Promised high percent return and secured Deed of Trust and promissory note.
After a few years, the payments were late in coming and have now stopped altogether. Was checking up on the properties as I thought to default. Turns out that the Deeds of Trust were all totally falsified and never recorded. He falsified the County Recorder official stamp to make it look official but all the information was incorrect. None of the 6 properties were registered to me and never were. Also the name of the company is not registered in AZ (Brooklyn Boys). He has promised the same property to several lenders.
In addition, several of his checks have bounced and he has stopped payment on them several times. According to our agreement a monthly check is to be paid out.
However, WebuyhomesinAZ is registered and is still doing business in AZ. Several of his lenders have defaulted and have managed to receive their properties.
He is also in the business of loan modification.
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