ScamVictimsUnited.com

There is strength in numbers.

Scams in Today's News:


Bookmark and Share
It is currently Thu Mar 28, 2024 3:45 pm



All times are UTC - 6 hours [ DST ]




Post new topic Reply to topic  [ 1 post ] 
Author Message
 Post subject: Jonathan D. Nicholas Ripoff Alert
PostPosted: Tue Apr 26, 2011 5:52 pm 
Offline

Joined: Tue Apr 26, 2011 5:41 pm
Posts: 3
When I filed my initial complaint with REMAX of Indiana, Jonathan Nicholas had the following designations: NAR, CRB, CRS, and GRI.

As I mentioned earlier, my initial complaint included documentation of Loan Steering and Predatory Lending. Likewise, I informed Jonathan that Scott Veerkamp removed my property from the MLS without my permission.

Please review this important information:
1. Jonathan Nicholas refused to meet with me and discuss my experience with the REMAX Central Sting Operation. 2. Scott Veerkamp made approximately $26,000 on a $120,000 property with a "land contract scam." 3. Scott refused to conduct an open house on this property. 4. Scott lived "one block down the street" from this property. 5. Jonathan Nicholas presented Scott Veerkamp with a "Lifetime Achievement Award" for misrepresenting the value of this property and stealing my money. 6. Scott used the award to recognize himself with another advertisement in Christian Phone Book. 7. Apparently, this is supposed to be an example of how to "protect and promote the interest of your client." 8. In reality, this felt like a "mafia hit" on behalf of the REMAX organization. 9. This "mafia hit" included the following components: A. Loan Steering B. Predatory Lending C. Inflated property value D. Land contract with a "due on sale" clause. E. $26,000 "heist" for Scott Veerkamp...

REMAX agent David Bickell was the President of the Metropolitan Indianapolis Board of Realtors (local association) in 2008. Likewise, REMAX agent Dick Gaylord was the President of the National Association of Realtors in 2008. Clearly, there is a "pattern of deception" emerging with REMAX, NAR, and Loan Steering.

Please take time to review this example of Scott Veerkamp's deception: "You can trust our Realtors to always keep your interest first and foremost."

Loan 1: (Property value $150,000) A. $4,799 yield spread premium B. $500 processing fee C. $250 document preparation fee D. $50 courier fee E. $35 electronic filing fee F. $425 administration fee (lender fee)

Loan 2: (Property value $120,000) A. $1,440 yield spread premium B. $960 application fee C. $1,920 in "discount points" (paid to Scott Veerkamp) D. $409 administration fee (lender fee) E. $150 underwriting fee (lender fee)

Warning Letter to Scott Veerkamp:
http://jmb27.posterous.com/warning-lett ... om-the-off

NAR: "How To Avoid Predatory Lending"
http://www.realtor.org/home_buyers_and_ ... ry_lending

The Center For Responsible Lending:
http://www.responsiblelending.org/mortg ... -final.pdf

CRL and Equity Theft:
http://www.responsiblelending.org/mortg ... t-0604.pdf

Jeff Merkley and Yield Spread Premium:
http://merkley.senate.gov/newsroom/pres ... 925F046B6F


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 1 post ] 



All times are UTC - 6 hours [ DST ]


Who is online

Users browsing this forum: No registered users and 8 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Untitled document

 cron

Disclaimers, Message Board Guidelines and Privacy Policy   

Powered by phpBB® Forum Software © phpBB Group