Chosen by Asker

THis means you are putting up a lot of money for him to put down on a house which he will now own. Make sure their is a leasing agreement in place, lease to own, with your down payment included and a set price set up for when you do buy. Otherwise, he can sell the home to you for whatever price he then wants.

by Thomas K

2 years ago

Asker's Rating: 

If its too good to be true, then its probably not true...go buy a house from a bank...

by Johnny A- 2 years ago

HELL YEAH! DONT GIVE THEM BETWEEN $0.01 AND $1.OO. WHAT A SCAM. i like craigslist but anyone can post an ad. so whaddya think.

by GG- 2 years ago

Watever it is, its not worth the risk.

by Robert C- 2 years ago

He says he has references. I would check them out. He says he belongs to the BBB. Check that out too. That should answer your question.

by notyou311- 2 years ago

Scam !!

by Yesenia- 2 years ago

It's sound legit! This is what I found on BBB: Search Media Contacts Contact Us Find a BBB Site Map Login HomeFor Consumers For Businesses For Charities and Donors About Us News Center Better Business BureauStart With TrustIn Alaska, Oregon & Western Washington I want to...Check Out a Business or CharityFile a ComplaintProtect My IdentityShop Safely OnlineGet help with dispute resolutionFind a BBB Accredited Business Find information you’re looking for. For ConsumersCheck Out a Business or Charity Complaints Resource Library BBB Accredited Business & Charity Directory Programs and Services Find a BBB Top 20 Industries Access a Complaint Home For Consumers Check Out a Business or Charity Reliability Report for Richardson Equities LLC A BBB Accredited business since 06/22/2007. The BBB reports on businesses, both accredited and non-accredited. If an organization is a BBB Accredited business, it is stated in this report. Name: Richardson Equities LLC Phone: (503) 972-8660 Address: 10121 SE Sunnyside Rd Ste 300G Clackamas, OR 97015 Original Business Start Date: June 2006 Principal: Ms Tamie Secanti, Manager Customer Contact: Ms Tamie Secanti, Manager - (503) 972-8660 Website: www.richardsonequitiesllc.com Industry Classification: Real Estate Rental Service, Leasing Service, Real Estate Management, Real Estate Services BBB Accreditation: This organization is a BBB Accredited business. BBB Accreditation Status This company has been a BBB Accredited business since June 2007. This means it supports the BBB's services to the public and meets our BBB Accreditation standards. Program Participation This company has agreed to use special procedures including arbitration BBB Definition: arbitration - www ... , if necessary, to resolve disputes through their participation in the following programs: BBB Accreditation Identification, BBBOnLine BBB Definition: BBBOnLine - A national BBB dispute resolution program offered to companies who transact business via the Internet and allows the company to display the BBBOnLine Reliability Seal. Refer to www ... for a fuller description of the program and eligibility requirements. . Nature Of Business This company offers residential real estate leasing services. Marketplace Experience Based on BBB files, this company has a satisfactory record BBB Definition: satisfactory record - A business identified in our report as satisfactory has, based on BBB files, been in business for at least one year, and has voluntarily provided the BBB with all information requested about the business and its product or service. If any complaints have been received about the business, their number has not been considered by the BBB to be extreme, given the nature of the company's business and the volume of business transacted. Complaints are also generally typical of what might be expected for this type of business. A business stated to be satisfactory has not been the subject of any recent law enforcement actions concerning its dealings with the public. If the business has been contacted by the BBB about its advertising or selling claims, it has modified or substantiated its practices to the BBB's satisfaction. In addition, the BBB has a clear understanding of the company's business, and the business is not in an industry which has raised significant marketplace concerns. with the BBB. A satisfactory record BBB Definition: satisfactory record - A business identified in our report as satisfactory has, based on BBB files, been in business for at least one year, and has voluntarily provided the BBB with all information requested about the business and its product or service. If any complaints have been received about the business, their number has not been considered by the BBB to be extreme, given the nature of the company's business and the volume of business transacted. Complaints are also generally typical of what might be expected for this type of business. A business stated to be satisfactory has not been the subject of any recent law enforcement actions concerning its dealings with the public. If the business has been contacted by the BBB about its advertising or selling claims, it has modified or substantiated its practices to the BBB's satisfaction. In addition, the BBB has a clear understanding of the company's business, and the business is not in an industry which has raised significant marketplace concerns. means a company has been in business for at least 12 months, and properly addressed matters referred by the BBB. The company does not have an unusual volume of complaints, or any government actions involving its marketplace conduct. The BBB understands and has no concerns about the company's products, services and type of business. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints. The BBB processed a total of 2 complaints about this company in the last 36 months, our standard reporting period.Of the total of 2 complaints closed in 36 months, 2 were closed in the last year. Service Issues BBB Definition: Service Issues - Claims of alleged delay in completing service, failure to provide promised service, inferior quality of provided service, or damaged merchandise as a result of delivery service. Resolved BBB Definition: Resolved - The company resolved the complaint issues. 1 - Company resolved BBB Definition: resolved - The company resolved the complaint issues. the complaint issues. The consumer acknowledged acceptance to the BBB. Refund or Exchange Issues BBB Definition: Refund or Exchange Issues - Claim of alleged failure to honor company policy or verbal commitment to provide refunds, exchanges, or credit for products or services. Resolved BBB Definition: Resolved - The company resolved the complaint issues. 1 - Company addressed the complaint issues. The consumer failed to acknowledge acceptance to the BBB. Company Management Additional company management personnel include: Mr Jeremy Richardson - Member Additional Addresses, and Telephone Numbers Additional Addresses 3800 NE Sandy Blvd Ste 206 Portland, OR 97232 Additional Phone Numbers Tel: (503) 972-8662 Report as of October 28, 2007 Copyright© 2007 BBB®, Inc. If you choose to do business with this BBB Accredited business, please let the company know that you contacted the BBB for a report BBB Definition: report - A summary of activity reflected in a company's BBB file. Includes basic business background, BBB Accreditation information, and BBB complaint activity over the previous three years. Also reports may include any known government actions, advertising issues or other information that results from activity conducted by the BBB. . BBB reports may not be reproduced for sales or promotional purposes. The information in this report has either been provided by the company or has been compiled by the BBB from other reliable sources. As a matter of policy, the BBB does not endorse any product, service or company. BBB reports generally cover a three-year reporting period, and are provided solely to assist you in exercising your own best judgment. Information contained in this report is believed reliable but not guaranteed as to accuracy. Reports are subject to change at any time. Privacy PolicyTrademarksTerms of Use © 2007 Council of Better Business Bureaus

by kareg- 2 years ago

If he were charging a higher interest rate I might think it had the possibility of being real. Unfortunately, 7.25% is just too low of a rate to offer to lend to high-risk borrowers. If he has that kind of money, he can get 7.25% very safely without having to look too hard. If it were me, and I wanted to do the same thing he is doing, I would charge no less than 12-15% because of the risk involved for him. Simply for that reason, I would guess that this is a scam! Leave it alone, you are better off getting a traditional mortgage even if your interest rate is high right now.

by fnipohc- 2 years ago

Trouble with a capital T

by Classy Granny- 2 years ago