I met Bruno Barnagaud, ExpertInternational Real Estate agency. Those are the facts :
1°/First, I wanted to hire a lawyer to check all documents and be sure that I would be really protected. He convinced me that, as a french-man like me, living in America for many years, he was the ideal lawyer, broker, and partner for me. He claimed to have all the skills required and insured me he would control everything to protect my interest against all the american market filled with scams, traps and bad guys.
2°/ He found a buyer for my property , Oakland Park, FL. This buyer wanted to buy with a mortgage. We were agreed for an amount of $370.020,25 at the closing and $388.000,00 as the second payment, one year later (maximum). This deal, of course, would not have been accepted if I did not have all guarantees of repayment ; a first lien on the house (security), and another lien on another property owned by the buyer. The broker insured me that all those protections were in-place at the closing.
First, he emailed the contract that he promised, for me to review. My English being basic, I could not understand the contracts, papers and legal language, I trusted him to protect me and went ahead with signing the contracts he approved of.
The contract I signed electronically and sent by email to the buyer on the 24 of September, came back the same day stating, "signing completed. Congratulations ! All parties have signed the session".
So, I never checked it, convinced that the same contract I signed, was respected, signed by the buyer and checked by my broker. But, actually, it was a lie. The contract was only wearing my signature, even when it came back with the mention «signing completed. Congratulations ! All parties have signed the session".
And never my broker sended me the contract signed also by the buyer.
After the deal, I heard nothing from him. I was surprised that I had no documentation from the sale. 3 weeks after, I asked the title company about that and they told me that the broker had everything in his possession, and they were surprised he didn't give me anything.
It's after I received the papers from him and showed them to a lawyer, (after I insisted several times), that I finally understood that he didn't want me to read and understand the deal he convinced me to sign…
- First : There is different amount of payment between the promissory note and the settlement statement. The title company should not have let me sign this, in this state.
- Second : Where is the mortgage document ??
I didn't even know that this document was missing ; nobody gave it to me, even after the closing. After research at the title company, it appears that there was no morgage, only a promissory note.
The lawyer was dumbfounded ! How is it possible, he told me...
- Third thing : 1 month after the deal, I still was sure that I was, at least, protected by my 2 liens that I had on the 2 different properties owned by the buyer, but finally I was not :
Actually, not only there were no liens recorded at the Court House for my benefit, (although I was told it was automatic), but also, there was already a lien from somebody else on my property !
Meaning, that no one, (neither my broker nor the title company), told me or warned me that the buyer already had a fist mortgage when I signed the sale with him.
Obviously, how could I accept this deal if I was aware of that ??
Of course, I tried again to communicate with the broker to ask him about this. He will not answer his phone, return calls or reply to email.
So, in spite of that, after the sale, I had to protect myself, on my own, and I paid to the Court $2178 to be the second beneficiary in case the buyer couldn't pay his debts.
Better than nothing, and mainly, not fair by the broker and the title company were negligent and did not warn me and protect me…
And also, of course, the borrower should have payed for the lien to the Court House, not me !
- Fourth thing : One year ago, after I bought this building that I was going to resell, the broker proposed me to take care of it. And he managed it until the sale, collecting the rents, paying anything needing to be paid. But instead of sending me the rents, every month, he was always keeping the money for «paying the providers for utilities, etc». And I never received any accountability (documentation) of this.
So I wrote him several letters to ask for all justifications, no answer.
And I discovered that he moved his office since 7 month, without disclosing his new address. His new address is 9772 Vineyard Ct. Boca Raton FL 33428 but he continue to work officialy with his old office adress.
On his internet site : www.expertinternationalrealestate.com,
on Facebook : www.facebook.com/ExpertInternationalRealEstate,
Expert International Real Estate Reviews
I met Bruno Barnagaud, ExpertInternational Real Estate agency. Those are the facts :
1°/First, I wanted to hire a lawyer to check all documents and be sure that I would be really protected. He convinced me that, as a french-man like me, living in America for many years, he was the ideal lawyer, broker, and partner for me. He claimed to have all the skills required and insured me he would control everything to protect my interest against all the american market filled with scams, traps and bad guys.
2°/ He found a buyer for my property , Oakland Park, FL. This buyer wanted to buy with a mortgage. We were agreed for an amount of $370.020,25 at the closing and $388.000,00 as the second payment, one year later (maximum). This deal, of course, would not have been accepted if I did not have all guarantees of repayment ; a first lien on the house (security), and another lien on another property owned by the buyer. The broker insured me that all those protections were in-place at the closing.
First, he emailed the contract that he promised, for me to review. My English being basic, I could not understand the contracts, papers and legal language, I trusted him to protect me and went ahead with signing the contracts he approved of.
The contract I signed electronically and sent by email to the buyer on the 24 of September, came back the same day stating, "signing completed. Congratulations ! All parties have signed the session".
So, I never checked it, convinced that the same contract I signed, was respected, signed by the buyer and checked by my broker. But, actually, it was a lie. The contract was only wearing my signature, even when it came back with the mention «signing completed. Congratulations ! All parties have signed the session".
And never my broker sended me the contract signed also by the buyer.
After the deal, I heard nothing from him. I was surprised that I had no documentation from the sale. 3 weeks after, I asked the title company about that and they told me that the broker had everything in his possession, and they were surprised he didn't give me anything.
It's after I received the papers from him and showed them to a lawyer, (after I insisted several times), that I finally understood that he didn't want me to read and understand the deal he convinced me to sign…
- First : There is different amount of payment between the promissory note and the settlement statement. The title company should not have let me sign this, in this state.
- Second : Where is the mortgage document ??
I didn't even know that this document was missing ; nobody gave it to me, even after the closing. After research at the title company, it appears that there was no morgage, only a promissory note.
The lawyer was dumbfounded ! How is it possible, he told me...
- Third thing : 1 month after the deal, I still was sure that I was, at least, protected by my 2 liens that I had on the 2 different properties owned by the buyer, but finally I was not :
Actually, not only there were no liens recorded at the Court House for my benefit, (although I was told it was automatic), but also, there was already a lien from somebody else on my property !
Meaning, that no one, (neither my broker nor the title company), told me or warned me that the buyer already had a fist mortgage when I signed the sale with him.
Obviously, how could I accept this deal if I was aware of that ??
Of course, I tried again to communicate with the broker to ask him about this. He will not answer his phone, return calls or reply to email.
So, in spite of that, after the sale, I had to protect myself, on my own, and I paid to the Court $2178 to be the second beneficiary in case the buyer couldn't pay his debts.
Better than nothing, and mainly, not fair by the broker and the title company were negligent and did not warn me and protect me…
And also, of course, the borrower should have payed for the lien to the Court House, not me !
- Fourth thing : One year ago, after I bought this building that I was going to resell, the broker proposed me to take care of it. And he managed it until the sale, collecting the rents, paying anything needing to be paid. But instead of sending me the rents, every month, he was always keeping the money for «paying the providers for utilities, etc». And I never received any accountability (documentation) of this.
So I wrote him several letters to ask for all justifications, no answer.
And I discovered that he moved his office since 7 month, without disclosing his new address. His new address is 9772 Vineyard Ct. Boca Raton FL 33428 but he continue to work officialy with his old office adress.
On his internet site : www.expertinternationalrealestate.com,
on Facebook : www.facebook.com/ExpertInternationalRealEstate,