anyone heard of investment property group they say they have a buyer for my house

inforeq

Running_Horse wrote: »

This may come as a surprise, but people other than yourself are allowed an opinion on this subject. Especially given your record of having got it so spectacularly wrong from the start (and then deleted your posts). So it is a bit rich that you now talk like the only authority on the subject, with wild insults against anyone with views different to your own. Most of us said this was a scam from day one, but you demanded these criminals be given a chance, and time to commit their crimes.

I never demanded anything, the only demands were from the likes of yourself that we do as you say ........

GDB2222

Curiously, the IPG which is currently operating in Newcastle appears at first glance to be genuine.

inforeq

GDB2222 wrote: »

Curiously, the IPG which is currently operating in Newcastle appears at first glance to be genuine.

So did the original company, but when you looked more closely at their web pages it was scattered with spelling mistakes etc.

Another intersting thing, the apparant director of the newly formed IPG came here and defended his company once and once only, he has not been back to repost anything.

GDB2222

tonymo wrote: »

I am becoming a little concerned at the fact that people on this thread seem to be able to freely associate our company, national advertising and free phone number with this company who apparently scammed lots of homeowners out of thousands of pounds. My business partner and co-director Dean Rae has once took the time to write a post on this thread incase of mistaken identity, seemingly from the above post and a number of previous posts once is not enough and we must have the time like all of you to spend our lives on forums.

You chose to name your company after a well-known scam outfit, and any misunderstanding is because of that. I feel sorry if you did your research and just got caught out, but it's not the fault of this forum or anyone who posts on it. At the time your co-director posted his comment last summer, I gave him some excellent advice that you chose to ignore:

"To be frank, your very best bet is to ditch your current company and register a new one. Google will never forget this thread, and you'll be explaining yourself for years into the future. Just put it down to bad luck, or bad research if I'm being judgmental, but if you soldier on with the present company you'll have much grief that you can quite easily avoid."

FWIW, I don't believe you are the same outfit as the scammers, but you've made some very bad decisions. Now, you've ploughed money into adverts with the IPG nam, so you've rather burned your bridges.

Running_Horse

So you're one of those companies preying on people desparate to sell their house.

We have heard a lot about them on this forum. Little of it is good.

No doubt you are different.

tonymo_3

Running_Horse wrote: »

So you're one of those companies preying on people desparate to sell their house.

We have heard a lot about them on this forum. Little of it is good.

No doubt you are different.

Thursday was a day we spent negotiating with a firm of solicitors who are acting on behalf of a well known 2nd charge company. The 2nd charge company are attempting to evict a homeowner for just over 3k of arrears when she has 60k equity. We spent the entire day dealing with the court, the loan company and the solicitors. Due to the homeowner burying her head in the sand her eviction was due to take place on Friday at midday. We hand delivered and paid for an application notice. A representative from IPG then attended court (all at our cost) and negotiated a 56 day extension and kept this person in her home.

We then put an investor in place who will pay the homeowner enough to settle both charges and walk away with over 15k, and the homeowner pays NOTHING for this service. The investor pays us and we pay her fee's.

Without a call to us on Wednesday this lady would now be on the street at 55 years old with a long wait to be placed in a council property. This person is working full time and was placed in a position where her affordability was stretched due to bad advice by a 2nd charge company.

Fortunately she had owned her property for 10 years so still walked away selling her property for 3 times more than she paid for it and with a lump sum to get started again.

Unfortunately due to the madness of the last 10 years with irresponsible lending there are lots of people in this position. When rates begin to rise again this situation will only get worse in the next 3 years and we are well placed to help them due to the backing of our investor clients.

Quite simply these people have nowhere else to turn as the government seems happy to let them be evicted even though we have a housing shortage.

As for preying on people. We don't ever cold call or canvass. All of our enquiries are incoming and these people are simply responding to an advert in the press.

tonymo_3

GDB2222 wrote: »

You chose to name your company after a well-known scam outfit, and any misunderstanding is because of that. I feel sorry if you did your research and just got caught out, but it's not the fault of this forum or anyone who posts on it. At the time your co-director posted his comment last summer, I gave him some excellent advice that you chose to ignore:

"To be frank, your very best bet is to ditch your current company and register a new one. Google will never forget this thread, and you'll be explaining yourself for years into the future. Just put it down to bad luck, or bad research if I'm being judgmental, but if you soldier on with the present company you'll have much grief that you can quite easily avoid."

FWIW, I don't believe you are the same outfit as the scammers, but you've made some very bad decisions. Now, you've ploughed money into adverts with the IPG nam, so you've rather burned your bridges.

Ditching a company name is not as easy as it sounds. You set up a company with a budget and financial forecast. Set aside funds for marketing, branding, websites, etc, etc. Yes it only costs around £100.00 to register a company but once you have spent that budget its difficult to turn back.

Fortunately we have also made some very good decisions and this thread is a pain but it is not standing in our way. You're right though - it seems that it will take some time for this thread to go away.

This was definitely a stroke of bad luck, of all the names we happened to choose a one that had a stigma - definitely not bad research, we checked all the usual places and the only other real Investment Property Group was trading in the US.

Running_Horse

tonymo wrote: »

Thursday was a day we spent negotiating with a firm of solicitors who are acting on behalf of a well known 2nd charge company. The 2nd charge company are attempting to evict a homeowner for just over 3k of arrears when she has 60k equity. We spent the entire day dealing with the court, the loan company and the solicitors. Due to the homeowner burying her head in the sand her eviction was due to take place on Friday at midday. We hand delivered and paid for an application notice. A representative from IPG then attended court (all at our cost) and negotiated a 56 day extension and kept this person in her home.

We then put an investor in place who will pay the homeowner enough to settle both charges and walk away with over 15k, and the homeowner pays NOTHING for this service. The investor pays us and we pay her fee's.

Without a call to us on Wednesday this lady would now be on the street at 55 years old with a long wait to be placed in a council property. This person is working full time and was placed in a position where her affordability was stretched due to bad advice by a 2nd charge company.

Fortunately she had owned her property for 10 years so still walked away selling her property for 3 times more than she paid for it and with a lump sum to get started again.

Unfortunately due to the madness of the last 10 years with irresponsible lending there are lots of people in this position. When rates begin to rise again this situation will only get worse in the next 3 years and we are well placed to help them due to the backing of our investor clients.

Quite simply these people have nowhere else to turn as the government seems happy to let them be evicted even though we have a housing shortage.

As for preying on people. We don't ever cold call or canvass. All of our enquiries are incoming and these people are simply responding to an advert in the press.

So before IPG intervened she had £60,000 of equity, £3,000 of debt, and ended up with £15,000 and no house.

And you're not preying on people? I hope any potential customers read your post.

I'm sure you would agree she would have been better asking for free advice on the Debt Free Wannabe board here, posting up a statement of affairs, and getting free advice that would have allowed her to clear her debts and keep owning her home.

I get the impression your business morals are not that different to the first IPG. You are just an unfortunate side effect of "the madness of the last 10 years".

tonymo_3

Running_Horse wrote: »

So before IPG intervened she had £60,000 of equity, £3,000 of debt, and ended up with £15,000 and no house.

And you're not preying on people? I hope any potential customers read your post.

I'm sure you would agree she would have been better asking for free advice on the Debt Free Wannabe board here, posting up a statement of affairs, and getting free advice that would have allowed her to clear her debts and keep owning her home.

I get the impression your business morals are not that different to the first IPG. You are just an unfortunate side effect of "the madness of the last 10 years".

Your comment simply demonstrates a lack of understanding of the situation and a lack of experience in this field. She had over £100,000 of debt and was facing the threat of being homeless in less than 24 hours. Her income and expenditure was beyond recovery and her lender offered no sympathy or alternative. There is no post on any forum / website / publication that could have stopped her from losing her home. To add to that once her property was sold at auction for most likely a price less than we achieved through our investor she could then have been chased for a shortfall for up to 7 years by the Indemnity Policy.

Your morals seem to be clouding your judgement, clearly you have never dealt with a situation like this before first hand so are simply giving an opinion with very little substance.

Running_Horse

So her debt has suddenly risen from £3,000 to £100,000 and you ensured she walked away with £15,000 in her pocket? How very noble of you, and how very believable.

You claim I have never dealt with a situation like this. Wrong. I have direct experience very close to me. It was resolved by the good advice of wonderful people on this website. The debt was cleared over a period of time, and the person concerned kept their house. There are countless similar testimonials on these forums.

As this discussion comes at the top of any Google search for Investment Property Group (mark 2), I would strongly urge any potential customers reading this to visit the Debt Free Wannabe forum at this website and make a full Statement of Affairs.

http://forums.moneysavingexpert.com/forumdisplay.php?f=76

It has to be preferable to selling your house for at least 25% less than it is worth.