Homeward Bound/Dorean Group Mortgage Elimination
Yesterday I bumped into an old friend. He told me about these guys that eliminate mortgages for people. I had never heard such a thing, and am very skeptical. I ended up getting on one of their confrence calls last night for a few minutes. From what I understand The Dorean Group is the legal side of their operation, and the Homeward Bound group is the marketing side. Basically they claim that they will present a legal offer to the bank with a bond for your mortgage. They settle the mortgage with the bank, and place the house into a Trust. Then they said you refinance the house for roughly the same amount as the last mortgage. Now this is where it gets really wierd to me. They said that they take 70% of the refinance amount, and give you 20%. THen they go and repeat the bond thing with the new mortgage holder to settle that one at which point they claim you will have 20% of the value of your house, and own it outright!! They almost make it try to sound like the bank eats the mortgage because they can't prove they ever had the money to write the mortgage??? But they wouldn't really elaborate on it anymore.
I do not think that I will persue this at all, as I think something just isn't right, and almost seems a little fishy. I just wonder if this is a scam of some type? How can they do this and make money?
My biggest question is where the bond comes from, and who is paying for it? They said they use the Oxford group which is a 800+ million dollar trust in switzerland or something? I just don't understand how the eliminate your mortgage, where the money comes from to write the bonds, and then how they make money on it?
I would like to hear some other TCI members opinions or insight into this if you anyone knows anything about it?
Thannks
If you want to know more go to Property http://www.Sites.com.
Apparently, the program does not work well and some people have had foreclosures notices sent to them despite entering the program. Some banks like Washington Mutual and Citibank are fighting back.
Most of your answers can be find on the site I mentioned above.
I checked this site....????...can't find anything?
Well Neo I'm impressed with your explanation of what this Dorean Group and Mortgage Elimination thing is all about. When I heard about it I believed that it could work because when someone looks really hard and inspects every page of legal documents, (and we all know that the mortgage process is a whole lot of documents) there is likely to be a discrepecy or two somewhere.
I have seen groups come and go with the whole Mort. Elim. idea. Truthfully it goes back to if it's sounds too good to be true it probably is. There is no solid backing for this and the profit is exciting people into paying for the program and then dragging them out into this and that until they have made enough to move on. Anything that sounds like this needs extensive back ground checking before anyone proceeds.
You will have to discuss again with your friend on how the process work.
You are bound to damage the credibility of the Dorean Group because of ignorance or sheer lack of knowledge. You have to EDUCATE yourself on the illegal activities of banks and lenders and also on the UCC code. If you do not, you will most likely NOT understand it.
For your information, this is how it is done.
1. Your property is placed in a Trust with the Dorean Group as the Trustee. Beneficiary could be you or any of your assigns.
2. They prepare a case against the bank/lender sighting all the illegal activities they had done and violations.
3. They present a bond or standby letter of credit (I hope you understand what this is) issued by an international prime bank. It is not Oxford but IBS (let me know if you do not know this initials). The bond that they present is 2 times the value of your mortgage.
4. The bank will most likely take a payment twice of what is owed them. But there is a condition, THEY HAVE TO PROVE THAT THEY LOANED THEIR MONEY. If you do not know this part yet, I would suggest you do further research on Fractional Banking system, the Federal reserve banks, Mandrake mechanism and Creature from jekyll Island..
5. Within 60 days the bank will most likely give the reconveyance. UNLESS, they want to fight it out in court. FYI, the Dorean Group is organized to take a full blown legal battle. This is stage 1 wherein your property is free and clear. At this stage, Dorean has not made their money yet.
6. They will refinance your home up to 80% of the value. Assuming a $200,000 home, the new mortgage is $160,000.
7. The $160,000 shall be distributed as follows:
$80,000 goes to the Dorean group
$40,000 goes to the homeowner
$40,000 is divided amongst the agents
8. The $160,000 mortgage will then go thru the elimination process just like the first one.
9. The free and clear title is now given to the homeowner. The homeowner get a reconveyance from the lender and have it recorded.
For those who are skeptics, I would challenge you to PLEASE EDUCATE YOURSELVES. Visit www.deletemortgages.com and go thru all the information therein.
[addsig]
My property is in process now. I will let you know when it is finally free and clear.
As far as I know, Dorean does not have any particular lender. The client is free to choose the broker / lender he would like to work with.
Lenders DO NOT care if your prior mortgage had been eliminated. Do you think they will have the time to check the history of each and every application that comes their way? Their main concern is the condition of the title - which is free and clear. Maybe, sometime in the future, lenders would form a separate group or organization just to check the history of each and every laon application that comes their way.
Also, you should note that lenders are competing to get the business. Who would not want to get 10x the money you "borrowed". Their main concern is to get you sign the Promissory Note so they can monetize it and make some more money. I hope this part of the lenders' scheme is clear to you.
I love their website...
They speak of high moral standards....
Yes, everyone thinks that ripping off a bank is the paramount of integrity. In any event, someone looses. It doesn't matter where the $$ comes from, how it goes here and there...It's just wrong.
IF (BIG IF) it's not a scam. How do people sleep at night? In any event, the banks probably write off the loss and the Taxpayers end up paying for it. Like I said, the money always comes from somewhere.
If YOU promised to pay for it, then YOU end up getting PAID for it, there's no way anyone with half a brain can concieve this as moral character. They are theives.
Not to go on a holy rampage, but NO religion could twist STEALING for personal gain anything other than AMORAL.
Good luck sleeping at night if you get through this program.
Well, it seems they have hit a bit of a snag.
http://www.neodemesne.com/forum/viewtopic.php?t=88&postdays=0&postorder=asc&start=90
US District court order
Quote:
On 2005-01-17 12:51, samedwin wrote:
I love their website...
They speak of high moral standards....
Yes, everyone thinks that ripping off a bank is the paramount of integrity. In any event, someone looses. It doesn't matter where the $$ comes from, how it goes here and there...It's just wrong.
IF (BIG IF) it's not a scam. How do people sleep at night? In any event, the banks probably write off the loss and the Taxpayers end up paying for it. Like I said, the money always comes from somewhere.
If YOU promised to pay for it, then YOU end up getting PAID for it, there's no way anyone with half a brain can concieve this as moral character. They are theives.
Not to go on a holy rampage, but NO religion could twist STEALING for personal gain anything other than AMORAL.
Good luck sleeping at night if you get through this program.
samedwin -- I'm with you on this one.
No matter how you try to get around it (legal or otherwise) -- it's wrong, it's unethical, and shows a total lack of any integrity.
Turn it around folks. Pretend you’re an investor, and you just owner-financed a bunch of properties. Then someone comes up with some convoluted scheme, and all of a sudden your tenant/buyers now have free and clear title to all your investments.
Hmmm… might not seem so clever then.
edbrco: Please please keep us posted on what happens as you said that your property is currently in the process. thanks
Pls, go to : http://www.goldengatebbb.org/common.html?location=/home/common/www/bindr/report.php&bureau=oak&compid=59816
"After paying a $3,000 fee, the homeowner agrees to place the title to their home in a family trust, and then present the lender a document that contains 40 to 50 "legal" challenges to the loan. Dubbed the "CPA Report," the document outlines 40 to 50 claimed "violations" of federal laws committed by the lender."..."The lender must respond with proof of the validity of the loan. When the lender fails to respond, a power of attorney is filed which gives the trustees authority to act on behalf of the lender. Using the power of attorney, a "Discharge of Mortgage" is filed, certifying that the loan has been fully paid. "..."The next step is to apply for refinancing on the home. Once obtained, the homeowner, their Dorean Group agent and the Dorean Group divide the funds. This new loan is then "eliminated" using the same technique.
The BBB said it has shared its information with federal law enforcement agencies. " Be careful !!!
The blatant stupidity is making my head hurt.
Look to see what the BBB has to say http://www.spokane.bbb.org/alerts/alerts.html?newsid=574&newstype=1
Then this report on Mortgage Fraud Blog
http://www.mortgagefraudblog.com/index.php/weblog/redwood_trust_solicits_contributions_as_authorities_circle/
[ Edited by islndgrl444 on Date 02/12/2005 ]
ksl news in slc reported that 50 utah homeowners just lost their home through dorean group. come on people. get real and get ethical
This is definatey a scam from what I have heard. The local news here in Salt Lake City has investigated and many homeowners have lost their home. From what they say other states and the FBI are investigating the Dorean Group.
scam....naaa how about thieves thats more appropriate...fool with this bunch & you may have a reserved room in Leavenworth...looks like the bigger fool theory to me....CWal
Good reading from the Sac Bee
http://www.sacbee.com/content/homes/re_news/story/12345358p-13213074c.html
Quote:
On 2005-03-06 01:37, actkk2 wrote:
I would like to hear some other peoples opinions opinoins, but if you have something to say then back up your opinions with laws or logic.
I was going to take some time to write up a good responce for you. But why not read what the DOJ in NC has to say.
http://www.ncdoj.com/DocumentStreamerClient?directory=PressReleases/&file=Doreanmortgageeliminationscam.pdf
[ Edited by lacashman on Date 03/06/2005 ][ Edited by lacashman on Date 03/06/2005 ]
You do know that Johnson has spent time in prison for securities fraud right? Yeah that is someone who I want to side with and risk my home doing it.
Do you know that they lost a big court battle in CA right?
Look up this case:
Look up this case.
THE FRANCES KENNY FAMILY No. C 04-03724 WHA
TRUST; SCOTT HEINEMAN AS
TRUSTEE; KURT JOHNSON, AS
TRUSTEE; AND SCOTT HEINEMAN ORDER DENYING
AND KURT JOHNSON AS INDIVIDUAL PLAINTIFFS’ COUNSEL’S
ASSIGNEES ON BEHALF OF FRANCES MOTION TO WITHDRAW
KENNY, AS MOOT; AWARDING
ATTORNEY’S FEES AND
Plaintiffs, COSTS; AND REFERRAL
TO THE UNITED STATES
v. ATTORNEY AND THE
STATE BAR OF CALIFORNIA
Heres one more I forgot
http://www.mortgagefraudblog.com/index.php/weblog/comments/mortgage_elimination_principals_speak_out/
Is the bond not realy valid? How do you know?
I am glad some understands how the Dorean Group works, Whats wrong with these people do they like getting taking for a ride by the banks, they must. Yes they have had some resistance in some states, so what are you perfect?
Quote:
On 2005-01-15 01:30, edbcro wrote:
You will have to discuss again with your friend on how the process work.
You are bound to damage the credibility of the Dorean Group because of ignorance or sheer lack of knowledge. You have to EDUCATE yourself on the illegal activities of banks and lenders and also on the UCC code. If you do not, you will most likely NOT understand it.
For your information, this is how it is done.
1. Your property is placed in a Trust with the Dorean Group as the Trustee. Beneficiary could be you or any of your assigns.
2. They prepare a case against the bank/lender sighting all the illegal activities they had done and violations.
3. They present a bond or standby letter of credit (I hope you understand what this is) issued by an international prime bank. It is not Oxford but IBS (let me know if you do not know this initials). The bond that they present is 2 times the value of your mortgage.
4. The bank will most likely take a payment twice of what is owed them. But there is a condition, THEY HAVE TO PROVE THAT THEY LOANED THEIR MONEY. If you do not know this part yet, I would suggest you do further research on Fractional Banking system, the Federal reserve banks, Mandrake mechanism and Creature from jekyll Island..
5. Within 60 days the bank will most likely give the reconveyance. UNLESS, they want to fight it out in court. FYI, the Dorean Group is organized to take a full blown legal battle. This is stage 1 wherein your property is free and clear. At this stage, Dorean has not made their money yet.
6. They will refinance your home up to 80% of the value. Assuming a $200,000 home, the new mortgage is $160,000.
7. The $160,000 shall be distributed as follows:
$80,000 goes to the Dorean group
$40,000 goes to the homeowner
$40,000 is divided amongst the agents
8. The $160,000 mortgage will then go thru the elimination process just like the first one.
9. The free and clear title is now given to the homeowner. The homeowner get a reconveyance from the lender and have it recorded.
For those who are skeptics, I would challenge you to PLEASE EDUCATE YOURSELVES. Visit****Must participate a while before posting URL's*** and go thru all the information therein.
Alert 2003-12
ALERT
Subject: Illegal Financial Activity
Description: Fictitious Debt Elimination Schemes
Date: October 1, 2003
TO: Chief Executive Officers of All National Banks; All State
Banking Authorities; Chairman, Board of Governors of the
Federal Reserve System; Chairman, Federal Deposit Insurance
Corporation; Conference of State Bank Supervisors; Deputy
Comptrollers (districts); Assistant Deputy Comptrollers;
District Counsel and All Examining Personnel
RE: Debt Elimination Schemes using Fictitious or Worthless Bonds,
Due Bills and Bills of Exchange
Please be advised that worthless instruments entitled “Bond for
Discharge of Debt,” “Bill of Exchange,” “Due Bill,” “Redemption
Certificate,” or other similarly titled documents continue to be
presented to financial institutions, mortgage companies, credit card
issuers, and retail establishments throughout the United States in an
effort to eliminate legitimate debts. Many of these schemes are
premised on baseless or fraudulent claims against the United States
Treasury, the Secretary of the Treasury, the Office of the
Comptroller of the Currency, the Board of Governors of the Federal
Reserve System, the Internal Revenue Service, or other federal or
state agencies. (See also OCC Alert 2003-7 and OCC Alert 99-10).
Regardless of how such instruments or documents are titled or
whether they appear authentic, they are worthless, have no legal
validity, and are not payable through the United States Treasury,
the Secretary of the Treasury, the Comptroller of the Currency, or
any other federal or state agency. The OCC is aware of the
following organizations and Web sites promoting these fraudulent
schemes:
· America’s Advantage
· www.eliminatemortgages.com
· www.goodbyemortgages.com
· www.mortgageelimination.net
· www.the7thfire.com
· Financial Dynamics
· www.remedywithredemption.com
The creation and presentment of these fictitious instruments may be
a violation of Title 18, Section 514, Fictitious Obligations, or
other federal criminal statutes, and any person(s) using such
fictitious instruments with the intent to discharge valid debts may
be subject to criminal prosecution.
If a fraudulent document such as those described above is presented
to your financial institution, do not return it. Instead, retain
the document and file a Suspicious Activity Report. Deliver the
instrument and a copy of the SAR to the local office of the Federal
Bureau of Investigation.
Please direct any questions or provide further information to the
attention of the OCC at:
E-mail: **Please See My Profile**
Mail: Office of the Comptroller of the Currency
Enforcement & Compliance Division, MS 8-10
250 E Street, SW, Washington, DC 20219
Telephone: (202) 874-4800
Fax: (202) 874-5301
Internet: http://www.occ.treas.gov
Brian C. McCormally
Director
Enforcement & Compliance Division
[ Edited by Marcc on Date 04/27/2005 ]
I would like to know when you own your 2 properties free and clear, they are back under your own control, and you have the cash in hand from the second refi mortgage, which has also been eliminated sucessfully.
I like John would also like to know who incurs the cost of a mortgage being eliminated? Is it the banks investors, the customers, other borrowers, the fed etc..?
.
[ Edited by HKS on Date 03/18/2005 ][ Edited by HKS on Date 03/18/2005 ]
Marcc,
Glad to meet you.
I will type slowly with my question:
Who takes it up the butt, for this loss.
John $Cash$ Locke
[addsig]
[ Edited by Marcc on Date 04/27/2005 ]
Marcc,
You said you are only comfortable because your friend is one of Dorean Groups Lenders.
Who would be stupid enough to lend money to a group thats business is to not pay back loans. Unless they know Dorean Group has no way to eliminate debt.
[ Edited by Marcc on Date 04/27/2005 ]
[ Edited by Marcc on Date 04/27/2005 ]
Marcc,
What has been said here I can assure you is not "illogical" to me.
I am fully aware of what the Dorean Group appears to be doing, it has been going on for many hundreds of years with the likes of, Barry Minkow, P.T. Barnum, James Reavis, Charles Ponzi, Enron, WorldCom, Nigerian E-Mails, and a long list of humbugs of the world.
Because of its amorphous nature, the con game is a crime without a jurisdiction. A list of the agencies that investigate and prosecute scams reads like a bowl of alphabet soup: FTC, FBI, SEC, AG, BBB, SPD.
With so many agencies punishing so many scam artists for so many crimes, it’s tough to attach figures to current trends in scammery. According to the Alliance Against Fraud, the con game is a $40-billion-a-year industry. And anecdotal evidence suggests that scam artists are at large in record numbers.
As far as your friend goes, remember this "Reinvest, and tell your friends!" part of a con mans vocabulary.
John $Cash$ Locke
[addsig]
[ Edited by Marcc on Date 04/27/2005 ]
[ Edited by Marcc on Date 04/27/2005 ]
[ Edited by Marcc on Date 04/27/2005 ]
[ Edited by Marcc on Date 04/27/2005 ]
I started to investigate these people over a yr ago, the web site www.eliminatemortgages.com and the person who ran that site located in Bellingham Wa. After 4 to 5 phone calls with this person LISA I determined that this was a scam. I was informed that the procedure kept changing and that the fees kept rising all in the course of a yrs time. I kept asking to be kept informed and one day I received a phone call saying that I could now come on board to have my mortgage eliminated, but I had just that DAY to respond if I wanted to move forward and the person that I had been speaking with said that they were no longer involved and would not have any further contact about this subject.
There is no way I would ever be involved with or take a chance with anyone that could have a negative impact on my credit or my residence.
Good Luck you will need it,
Robert
Correction on the web site in my former post it was www.onsolidground.com
[ Edited by Marcc on Date 04/27/2005 ]
Do you by any chance have links to info about Homeward Bound or the Dorean Group being forced out of the Carolinas by the attorney general? thanks
I was approached about a year ago doing the same thing w/ revolving debt. for a 1750 fee.
HKS,
Injunction Issues Against Dorean Activities in North Carolina
Order Prohibits Recordation of Further Documents in North Carolina
A Wake County Superior Court Judge issued a preliminary injunction against D. Scott Heineman and Joyce Earl Delancy Lambeth, finding that there was good and sufficient cause to believe they are engaged in unfair and deceptive acts and practices in violation of the North Carolina statute. The injunction prohibits several activities including: advertising mortgage elimination services to North Carolina residents, soliciting or receiving money for mortgage elimination services from North Carolina residents, filing any documents in the public records in any county of North Carolina including . . . document[s] being used in a scheme to have a deed of trust satisified with less than full payment or where defendants purport to sign the documents as attorney-in-fact or agent for any lending institution without identified authorization.
The preliminary injunction does not extend to Kurt Johnson as he had not been served with the summons and complaint; however, the original temporary restraining order remains in place as to Johnson.
Posted by Rachel Dollar on 03/15 at 05:13 AM
Court Documents • News • Permalink
John $Cash$ Locke
[addsig]
Who is it? I live in Gwinnett county, and I would like to report this person.
.[ Edited by Marcc on Date 04/27/2005 ]
Marcc,
Seems like you have had these two properties in the process for quite awhile, so this new idea sounds like a way to tell you why you are not getting these two properties closed.
When the idea you posted about does not work, please tell us what their new idea is to keep you in check.
John $Cash$ Locke
[addsig]
Hi Marcc,
I searched the Fannie Mae site for that announcement, but could not find anything.
Could you please post a link to it.
Thanks
John (LV)
[ Edited by Marcc on Date 04/27/2005 ]
Yea Mucc,
I kind of figured that would be your answer.
John (LV)
I [ Edited by Marcc on Date 04/27/2005 ]
[ Edited by Marcc on Date 04/27/2005 ]
[ Edited by Marcc on Date 04/27/2005 ]
Marcc, can you please state your relationship or level of involvement with the Dorean Group?
What was all that ZAP stuff all about?
I am also curious about what FCC codes have been broken as I would like to read up on them. Thanks
[ Edited by HKS on Date 04/14/2005 ][ Edited by HKS on Date 04/14/2005 ]
HKS,
Zap was to get his attention in case he has an Attention Deficit Disorder, seems he has trouble answering the question posed to him.
When someone was trying to justify to these investors why their free loans where not happening they may have blamed it on the FCC, UCC, FBI, CIA, FAA, IBEW, or any numerous agencies, organizations or codes as to why.
John $Cash$ Locke
[addsig]
[ Edited by Marcc on Date 04/27/2005 ]
[ Edited by Marcc on Date 04/27/2005 ]
[ Edited by Marcc on Date 04/27/2005 ]
Marcc,
Are you familiar with the term "Sting", now these phone numbers and names of people mean nothing to me, did you look at the county recorders office to see how these mortgages were paid off, who paid them off? There is always a paper trail when it comes to property as soon as it is recorded.
John $Cash$ Locke
[addsig]
Marcc,
You state that “People have already had the their mortgages settled. My friend has names and numbers of those people. This is no fairy tale.” Well this may be true as of today. But when the smoke clears and the case is closed, those mortgages may very well be declared fraudulent transfers and reinstated. Then what about those people who have lost their houses already?
I really believe you need to take off your blinders and see what is REALLY happening around you. Calling in an attorney right now to protect YOUR interests would be the prudent thing to do.
John (LV)
[ Edited by Marcc on Date 04/27/2005 ]
[ Edited by Marcc on Date 04/27/2005 ]
[ Edited by Marcc on Date 04/27/2005 ]
[ Edited by Marcc on Date 04/27/2005 ]
[ Edited by Marcc on Date 04/27/2005 ]
[ Edited by Marcc on Date 04/27/2005 ]
I assure you that I am not trying to slip anything past you. It is obvious that I am trying to get more info from Marcc and I would like to chat with him a little more. I am not directly involved with the Dorean Group or Marcc in any way, the first time I ever even tried to communicate with him was in my first post, but have been following the mortgage elimination/settlement arena for quite a while and I do believe that this is more than just Dorean trying to pull a scam on everyone.
Quote:
On 2005-04-16 15:48, JohnLocke wrote:
Here is my point and it is blantanly clear on what is going on.
He says they are going to try and record again, then take court action I would wonder why the first time he was told he was full of it he did not take legal action, or this is just a stall tactic as to why this is not going to happen.
Secondly this Ina person thinks by repeating a post and saying contact me that maybe this will slip by me or maybe this person is one of those that I talked about that might go for this nonsense. I am more inclinded to think they are associatied rather than the blind leading the blind.
John $Cash$ Locke
[ Edited by Marcc on Date 04/27/2005 ]
[ Edited by Marcc on Date 04/27/2005 ]
Marcc,
So you understand this is not a public site it is a private site, so you have to abide by the rules and a Moderators discretion.
You can post if you come back with PROOF of what you have been brainwashed into believing.
They have been offered a Billion some Dollars.
They have eliminated mortgages before.
You have had your mortgages eliminated.
I will take any of the 3 above with proof and you can post then with the proof.
John $Cash$ Locke
TCI Moderator
[addsig]
HKS,
This may be a very long intermission so stock up on the popcorn.
John $Cash$ Locke
[addsig]
Let these IDIOTS allow Dorean, Heineman/Johnson record their UNINSURED deed...then wait for the Due on Sale clause to kick in from their lender.
I’m so glad Dorean’s REAL motive is to expose the errors of the lenders, and to make right their wrongdoings.
I just wonder though… would their proponents be as outspoken and adamant if they discovered an “error” that meant their mortgage payments would double?
I’m sure they would. Otherwise, that might be a tad bit hypocritical.
hiprops,
Just a quick question.
If just one person could have their house saved by this expose, then would you agree that an exception to the rules is justified?
This is another reason why this thread has not been deleted. It is the bigger picture that counts in this case.
Hope this helps
John (LV)
hlprops,
In your last post you gave an excellent reason why this thread should remain open.
So maybe your idea was not as good as you thought it was?
John $Cash$ Locke
[addsig]
Quote:
On 2005-04-01 21:59, SmileyFace wrote:
Who is it? I live in Gwinnett county, and I would like to report this person.
Here is a hint from Google:
Re: Mortgage Elimination... In Reply to: Mortgage Elimination posted by Todd Clarkon October 21, 2004 at 7:06 PM Home Page: www.MortgageElimination.Org ...
www.dcregistry.com/forums/housing/messages/4606.html
Quote:
On 2005-04-15 01:52, Marcc wrote:
First, John, understand that the mortgages are not PAID. They are settled in court. So their is nothing to see at the recording offices.
Well, there would certainly be something to see in the court records. WHERE ARE THEY??
Marcc,
What happened to all your posts?
Why did you edit/delete all of them?
Are you trying to get rid of any incriminating evidence?
John (LV)
neodemes, who is Anthony???
Marcc,
Darn I thought you were going to come back and tell us you recorded your deeds and give us a link to the recorders to prove it.
You deleted your posts probably because when the Feds do take action, you want to be as far away from these folks as possible. Remember your posts are in the data base so they really are not gone.
I censored you for not proving one single thing you said not for posting, if you are going to advertise for these folks at least you could prove what they are doing is for real, only you are beginning to realize that you got snookered.
John $Cash$ Locke
[addsig]
marcc
"50,000 currently in the process"
Lets forget about the fannie mae lie...er...post for now.
50,000 is not true.
This is a total scam. Someone tried to get me on this one about two years ago. I kept following the trails via a broker who was convinced to try and help this company push the idea. I called back about a year later to that broker and she told me that she sent 5 clients through this companies programs and not one of them received the deed/trust. There was always an excuse from the primary organization. The bottom line is, they were keeping the money for themselves.
thank for taking the time to post that information.
I assume that the borrowers lost their homes because they failed to pay the mortgage while working with Dorean?
I was wondering if you could shed some light on why their is no legality to the Dorean Groups claims about most mortgages being illegal etc...
Thanks [ Edited by HKS on Date 05/06/2005 ]
Maybe you could get a really good deal on his houses, and then turn all of them over (his 3 and your 1) as a package deal
What I dont understand is how people loose their home due to foreclosure because of the mortgage elimination guys? Is it because they think since they started the process they can stop making payments? or maybe its because they spent their last $3000 on trying to get their mortgage eliminated and dont have anymore more money [ Edited by HKS on Date 05/13/2005 ]
I cant help but laugh about how your neighbor took everything that wasn’t bolted down or easily removed
maybe you can get the house cheap, make the repairs and sell for a profit or rent it out?
Thank you for the post John.
I am happy to finally see some action taken towards these people.
Let us all learn a lesson and keep our eyes open for future scams that will surely develop.
Take care,
Andy Gibbs
[addsig]
1. Show him the actual numbers of what he will be receiving monthly/yearly with interest vs. a lump sume payment. 2. Mention monthly payments are steadily monthly income and he is actually the "banker" now!
I am reading Wade Cooks 101 Ways to Buy Real Estate Without Cash and it gives 101 diverse scenarios basically and this was one. I left it in my locker at work and I do recall that you should do what I suggested above.