Complaint: My company was totally scammed by Nationwide REO group also. I am out over $100,000 and I am stuck with 11 worthless properties in Detroit that I cannot even give away to charities. Tom Martin at Nationwide REO out of Aventura, FL suckered me in with one property that I bought for $10,000 in November 2010 and they immediately sold to one of their other entities (the said they sold it to Japanese investors) for $13,700 and deposited my part of the u201cprofitu201d ($2,960) into my business bank account. Then the famous Joe Epstein (probably a false name) called me and convinced me to invest in a 2nd property (Flint, Michigan) using the original $10,000 that they still had from my the first property. They claimed they sold this Flint property for $16,800 but I never saw the signed Quit Claim deed and I still get property tax statements for this property. So the sale was definitely a ruse. Then Joe Epstein talked me into buying 7 more properties ($11,000 each) using the profits and my original $10,000 from the Flint sale and another $61,560. At this point I received several phone calls from a u201creal estateu201d agent named Steve Diamond (I can find no record that this agent really exists) in Detroit who said he was actively pursuing the sale of these properties to Japanese investors. Then before the sale of those properties a u201ccolleagueu201d of Joe Epstein named Tom Rowan (another false name) called and talked me into buying 4 more properties at $12,500 each (total of $50,000 more). I made several phone calls to Nationwide after that transaction was complete, but no one would return my calls and that was the last I heard from anyone at Nationwide REO. It was only after hounding Devora Hirschfeld at Madison Title Co. in New York (they handled the sales and quit claim deeds on the first batch of properties) and the folks at Seagull Title in Florida (they handled the sales and quit claim deeds on the second batch of properties) that I was able to get official copies of the Quit Claim Deeds to the properties. I do own these worthless properties but I will never be able to sell them. My company keeps getting tax bills for some of the properties which we cannot pay. I have contacted a legitimate real estate agent in the Detroit area and he has been very helpful in taking pictures and assessing the value of each of the properties. However, there is no way that any of these properties will be sold as they are completely worthless. I even contacted the DVAR Institute and the Joy Southfield Community Development Corporation in Detroit to see about donating these properties to their charitable organizations and they turned me down. My company has no choice now but to let them go to the city of Detroit for back taxes. . I have filed formal complaints against Nationwide REO with the Florida Division of Consumer Services (Complaint #101859, submitted 7/29/2011) and with the Florida Attorney General (filed November 19, 2011 by e-mail). However, other than some canned comments from the Florida Consumer Services Division and some generic monthly e-mails from the Florida Attorney General’s office nothing is happening to help me seek restitution. As of this time (09/1/2013) most of these properties have been foreclosed for taxes by Wayne County. With the current city bankruptcy situation in Detroit, I am sure that it is utter chaos and my chances of hearing anything further from Detroit are nil. If anyone has any information on any of names listed above or any other information on Nationwide REO please contact me by commenting on this web site.
Address: 20533 Biscayne Blvd. 4-601 Aventura, Florida USA