Stonecrest Income & Opportunity Fund, LLC


Country United States
State California
City San Jose
Address 4300 Stevens Creek Blvd Suite 275
Phone 408-557-0700
Website http://www.stonecrest.net

Stonecrest Income & Opportunity Fund, LLC Reviews

  • Jun 20, 2015

For investors who invest in this company to purchae real estate, Do not invest, they acquire properties and then try to sell properties to unsuspecting homeowners without the taxes been paid or current. They also offer owner financing but do not record the notes. They are also notorious for not paying the property taxes on the properties they own, resulting in the properties being sold at a tax sale. My firm had an offer to purchase two properties from them, The first property we signed all the documents and our funds were with the closing attorney, and they never signed the closing package and didnt give us a reason as to why they wouldnt. Who now a days signs contracts and then do not honor them. Then on the 2nd property I asked if I should proceed because of course I didnt want the same thing to happen. They backed out of the contract as well. Get this both properties had a tax sale and the redemption period was nearing, Meaning once the redemption period ends they loose the property. These idiots would rather loose the properties than to sell and make a little profit. I delt with a Pierce Golchin, nice guy but I believe he is in over his head. They were very unorganized. This firm is a hedge fund so to the private investors who invest in this company, I suggest you get your investment and run. What type of company purchases properties and then doesnt pay the property taxes.

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