Please let me know if you have! I need similar stories! I'm in the middle of trying to get SOMEONE to look into the fact that Im a victim of fraud under a rent-to-own scheme by Colorado State Business Group aka CSBG aka Core Realty. There's alot of web info about rise in mortgage & appraisal fraud & articles on how all these various politicians intend to do something about it, meanwhile, I cant get ANYone to look into my particular case. I "bought" a house from CSBG (Chris Stiebler, Andy Klein, owners) which I was to rent from them for 1 year, paying 1% of THEIR purchase price (claims paid 140k but I found out they paid 112k) which was $1400/mo. (I was to get 1/2 back for down pymnt- DIDN'T).At the end of the year I was to buy the house from CSBG for 15% above THEIR purchase price OR the appraised value, WHICHEVER WAS LESS. The appraiser THEY hired appraised at 165k. I found out @ refi later that appraisal was inflated & value @ the time was closer to 130K. I WAS SCREWED! HEEEEELLP!
2007-03-17 23:27:50 · 1 answers · asked by m_4_real 1 in Business & Finance ➔ Renting & Real Estate
You seriously need qualified legal help. I assume you signed a contract with CSBG, and that the details and requirements of both parties to the contract are clearly outlined. Frankly, if they have not violated any of the terms of the contract, you may not 'have a leg upon which to stand'.
Here is a link to your state's statutes covering 'rent to own' agreements.
http://www.rtoonline.com/Law/ADDetail.asp?ID=6#5-10-701.%20Lessees%20remedies%20-%20reinstatement
2007-03-20 12:36:52 · answer #1 · answered by acermill 7 · 0⤊ 0⤋