At this point in time – after investing 60,000 – we are NEGATIVE $31,322.14 on our three accounts.If we were able to retrieve the outstanding initial investment of $28,617.74 we would still be at a loss of $2,704.40 after deducting PIP West and PIP Group fees. PIP has collected $13,060.45 in fees – most of which were kept by them. – a small portion may have been paid to counties in fees. My accounts are negative $31,322.14Since inception in 2010/2011 only 15 of the 27 liens have been redeemed. Two of the 15 were redeemed without interest. One property was sold by the buyer but the associated lien not paid – bypassing the system. Many of the properties were bought in severely depressed neighborhoods and where after research show that the properties keep having tax liens sold year after year making it impossible to get your lien redeemed – the owners end up living the the homes without ever having to pay taxes. Often the values claimed by PIP West are overpriced with respect to the tax records. It is clear that properties are purchased on clients behalf without regard for a successful lien redemption.
26895 Aliso Creek Road; Suite #B-950 Aliso Viejo, California USA