Please help!!!

[ben_dav]

I purchased a property in Pennsylvania a little while ago for what I believed to be an investment opportunity. Since then I have tried to put it on the market to sell in order to turn a profit (or even just recoup my money) only to find out that I was charged about 50% more for the property than what it was originally worth. I have been in contact with the company who sold it and they have agreed with this statemtent but claimed the only reason for this was that the company who acted on my behalf in the purchase of the property approached them with this outrageous bid!



I paid $27,000 about 2 years ago and after speaking to a realtor in the local area the property now and was actually only worth about $10 - 15,000.



Is there anyway that I can claim for the difference through either the investment company for not making me aware of this or saying that it was a silly offer or the company acting on my behalf for providing me false information regarding both the condition of the property and the true market price? Any suggestions would be appreciated!



Thank you in advance



Ben

 

[Lysos]

Ben, you say you believed it was an investment opportunity. I suspect this was based on the salesman's blurb and not on any research on your part, which would have given you some indication of the true value. You are not the first naive 'investor' to be caught this way, and you won't be the last.

You have absolutely no come back; an expensive lesson learned. Research, research & more research before parting with money !.