While real estate investing offers many benefits, it can be difficult to distinguish legitimate investment opportunities from scams. If your financial advisor sold you a real estate investment trust (REIT) or other type of investment and engaged in misconduct, a real estate investment scam lawyer can help.
The legal team at Meyer Wilson has 75 years of combined experience protecting investor rights. Our investment fraud lawyers will investigate your claim and build an evidence-based case. Let us help recover your losses and protect your investment portfolio. Call today for a free consultation.
What Exactly is a Real Estate Investment Scam
A real estate investment scam is a fraudulent scheme in which a financial advisor deceives investors into investing in real estate ventures under false pretenses. The advisor may lure investors by promising high returns, guaranteed profits, or low-risk opportunities.
In some cases, investment advisors misuse funds for personal gain or operate Ponzi schemes, where new investor money is used to pay earlier investors. These scams can leave you with significant financial losses and little recourse without proper legal action.
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Types of Real Estate Fraud Our Law Firm Handles
Modern technology has allowed advisors to develop new and advanced ways of scamming investors out of their hard-earned money. Fortunately, our real estate scam lawyers are familiar with all of the methods of deception that financial advisors use to trick trusting investors.
Our team can draw on their vast knowledge and experience to investigate the scam you fell prey to, identify the offending party, and demand financial remedies on your behalf.
We’re confident that we have what it takes to tackle any of the following types of real estate fraud:
- Scams involving REITs: Advisors may promise significant profits with little risk, convincing you to buy into non-existent or misrepresented REITs. If a REIT scam was sold to you by your financial advisor, you may be able to recover your losses.
- Selling non-traded REITs without explaining liquidity issues: This misleads investors about their ability to access their money easily when needed. Non-traded REITs are real estate investments that are not listed on public stock exchanges, so they can’t be bought or sold as easily as publicly traded stocks or bonds.
- Misrepresentation of investment risks: Advisors may intentionally or unintentionally downplay or hide the true risks associated with a real estate investment. This can involve exaggerating the potential returns or failing to disclose crucial factors that could negatively affect the investment, such as market volatility.Â
- Ponzi schemes: A financial advisor uses money from new investors to pay returns to earlier investors, making it appear as if the investment is successful. In REITs or similar investments, the advisor often promises high returns or guaranteed profits to attract new investors.
- Overstating potential returns: Advisors might promise returns that are much higher than what the market or the investment could realistically generate. This tactic attracts investors by making the investment seem more lucrative than it truly is.
If you’ve lost money to fraudulent practices, reach out to our firm. Our real estate scam lawyers can sit down with you to discuss your unique situation and advise you on your best course of action.
A Real Estate Investment Scams Attorney Can Help You Obtain Financial Remedies
If you’ve been scammed in a real estate investment by your financial advisor, you may be uncertain about how to recover your money. Even if you’re familiar with the process of seeking compensation, it’s easy to make mistakes that could cost you the payout you’re owed.
At Meyer Wilson, our team understands exactly what needs to be done to recover your losses. We’ll create a legal strategy tailored to your case and work to ensure it’s carried out properly.
Here’s what our real estate scam attorneys can do to make your claim successful:
- Investigate your case and collect important evidence
- Calculate how much compensation you should receive
- Ensure compliance with the deadlines and requirements that apply to your case
- Pursue financial remedies
- Answer any questions you have about your case
- Represent you during a FINRA arbitration
- Keep you updated on case progress
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How to Identify a Potential Real Estate Scam
Unfortunately, thousands of hard-working investors fall prey to sophisticated real estate scams every year. While some scams are incredibly difficult to identify, there are signs you can look for to determine if you’re being deceived.
The signs you should look for to identify a real estate scam include:
- Demands to send a deposit for a property you haven’t seen
- Pressure to act fast
- Pressure to not consult with third parties
- Guarantees that sound too good to be true
- Lack of correct documentation
- Last minute changes
- Off-market transactions
These are just a few of the red flags you should look out for when considering a real estate investment. If you feel uncomfortable with a potential investment and aren’t sure if it’s legitimate or not, talk to a real estate investment scams lawyer to determine whether the opportunity is safe.
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You Have Options to Recover Your Losses
If your advisor’s negligence or misconduct caused you significant financial losses in your real estate investment portfolio, you have options to get compensation. Most of these types of cases are resolved through arbitration overseen by the Financial Industry Regulatory Authority (FINRA).
The FINRA arbitration process is a method for resolving disputes between investors and financial advisors or firms outside of court. It begins when the investor files a claim with FINRA, outlining the issue and the damages sought. The investment advisor or financial firm then responds to the claim.
During the arbitration, evidence is presented, witnesses testify, and arguments are made. After reviewing the case, the arbitrators issue a binding decision, which can include monetary compensation or other remedies. This process is generally faster than traditional lawsuits, but the decision is final and typically cannot be appealed.
Call a Trusted Real Estate Investment Scams Attorney Today
Getting deceived by a trusted financial advisor can be incredibly frustrating, especially if you lose a significant amount of capital. Depending on the extent of your losses, you may be worried about your immediate financial situation and even your future. If you were sold a real estate investment scam by your financial advisor, work with a trusted lawyer.
Situations like these can be extremely stressful, but an experienced real estate scams lawyer from Meyer Wilson can offer peace of mind and the advocacy you need to recover losses. Our team has won over $350 million in case results for defrauded investors like yourself.
We’re eager to provide the focused representation required to get the best results possible. Contact our law firm today to schedule a free consultation with an experienced attorney and learn more about your legal options.
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