Usacomplaints.com » Shops, Products, Services » Complaint / Review: Global Equity Alliance - Due to their lack of performance, we were forced to cancel a property under contract and nearly lost our earnest money. #938861

Complaint / Review
Global Equity Alliance
Due to their lack of performance, we were forced to cancel a property under contract and nearly lost our earnest money

I'd strongly recommend against using the services of global equity coalition. Last August, I involved the organization to help in-sourcing hard-money loans for single-family house and company REO homes. Regarding the the wedding, I posted to GEA a $1,000 deposit. Throughout the initial month, our contact, Kim Riddle was receptive and adopted through on the few qualities that we performed a preliminary evaluation. Next stage, nevertheless, I've obtained efficiently no reaction to some of my conversation, involved a finished submissions per their directions. A's capability to supply and perform offers rapidly is crucial to any investment approach. Because of their insufficient efficiency, we were compelled to stop a house under agreement and almost dropped our serious money.

Centered on this encounter, we lost belief within the capability of the organization to perform and terminated the agreement, seeking a return or our deposit. After seeking return of the deposit, which we were informed we'd obtain in 30-45 days, the organization has ceased answering totally. It's now been more than 90 days since our notice, and during the last 30-60 times, I've quit numerous voicemails and delivered several emails which have gone unreturned. We've actually delivered a professional notice towards the two handles shown using the Ohio Secretary of Stateis organization repository (you'll not discover any tackle on GEA's site or communication), that has gone undelivered.

At this time, my estimation is the fact that the organization doesn't have purpose of returning any remains, and we were cheated. Research the web, and you'll discover several related grievances. I'm presently along the way of processing a match using the small-claims judge in Kansas to try to recover my deposit. Additionally we're processing grievances using the Ohio Attorney General's Workplace, the Federal Trade Commission, the Customer Financial Protection Agency and also the Kansas Better Business Institution to be able to attempt to avoid this from occurring with other traders.

I'm not really a temporary or inexperienced buyer. I've an MBA in property from the respected business-school and am an asset manager for just one of the biggest institutional property buyers within the U.S. At this time, we've dropped more over time and power than we're able to aspire to recover and therefore are pursing this issue exclusively from theory. If you should be a buying trusted companion for property financing, look elsewhere.


Offender: Global Equity Alliance

Country: USA

Category: Shops, Products, Services

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