National Recreational Properties Inc Complaint - NRPI Mis-represented Value of Property
1 MAUCHLY IRVINE, CALIFORNIA -- My wife and I bought Property in Hots Springs Village 2004. At the time we advised the sales rep that were not sure we would retire to the hots springs area so several times we said no to the purchase of property.
The sales rep insisted if we decided not to retire there "We could easily sell the land and most likely make a profit". The worst has happen we are not going to be able to retire there, so we contacted a real estate company in the hots springs area we are told the land is worth less than half what we bought it for.
According to the real estate rep the hots springs area have a gulch of property for sale and it could take years to sell. Our finances is not able to carry the property for years. We will sooner or later have to default which would affect our credit. We would like to avoid that if we can.
We would like NRPI to take the land back to their inventory---they may keep the $3,500.00 we have already poured in the investment. We just want to be cleared of any future payment. We were lied to by their agent--the agent even took us by her own house in an attempt to pressure us. We didn't learn about the low value of the property until we attempted to sell it.
Sandra and I would not be happy living there as there are other issues we have learned about from rip-off reports.com