I have a contract with LSI Properties, Inc. To sell my house. I have a 24 month contract that LSI will pay me the cost of my mortgage whether or not there is a tenant in my house. I have had the contract for almost a year and I have NEVER received my morgage payment before the 15th.
One of the owners of LSI has barely been paying me my mortgage each month. Greg Samson (one of the owners) tells me each month that "he doesn't have the money". Although, the tenant in my house has always paid him. We have to call Greg every month about 5 to 10 times before he will send us the money. He did not pay me for last month mortgage payment and he said he is going to file for bankrupty... His thought is that if he files bankrupty he will not have to pay me the mortagage.
He also ripped off my tenant. She paid him $3000.00 as a down payment and he is not going to pay her that back either. My tenant said that Greg has been making her pay late fees because she pays the rent after the 1st. So, on the 2nd she has to pay a huge late fee. Greg has always paid me late but I have never gotten any late fees???
Greg is so nice and kind at first but when you want him to stop cheating you out of your money he gets mean and angry. If you have had any dealings with Greg Samson or LSI I suggest you run as fast as you can from this company. They are dishonest and cheating business people.
Don't let LSI sell your house... They will keep the money your tenant pays and leave you having to pay your own mortgage. Remember Greg Samson is a crook and dishonest business man that is only after your hard earned money.
By the way I have 5 young children that I have to feed and clothe and Greg is very aware of this. All he seems to worry about is if his child is having her horse riding lesson. Stay away from LSI!
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