Paul Bauts
Bauts Construction Riped me off for 255,000 Lent him the money as a friend and he never paid, filed chapter 7 Bankruptcy

It was at my 50 birthday party June at my home that my former friend and neighbor pulled me over to the side and asked me if he could borrow some money for a short period of time. (He is a local builder and the owner of Bauts Construction) I asked him what did he need the money for, how much did he need and how long did he need it for. He told me he needed the money to finish off his house (House he was living in with his wife and two children) and that he would refinance it and give me the money back in three months.
At the time he owed 1 Million on the house. I told him I never lent money on a second mortgage before but since he was a friend and I had the money I would do it for him, after all it was only going to be for 3 months. Three months came and went. When I talked to him he told me he was refinancing and the loan would be done soon. I did not press him to much at this time. 6 months went by and still no money I called him and got the same story the refinance is coming.in early 2008 I started to think something was up, I started to press him a little harder and got the same story, the refinance is coming. I told him my business was not doing good and I realy needed the money back He told me he was almost done with the refinance.
In June my lawyer sent him a default letter. Lawyer did a search on the property and finds out that he had stopped paying his payment on the first mortgage shortly after taking the loan from me, I begged him to give me the money back and that I did not want to take an legal action, still no money.
In Dec of 08 I had no choice but to serve him with Foreclosure papers. I called him and told him I just wanted my money and I did not want the house.in March he files chapter 13 bankruptcy and then files for a chapter 7. Tries to get my Mortgage kicked out in the bankruptcy but it didn't work
This Guy is bad news and I don't want anyone to get hurt the way I did.
Paul Bauts, Bauts Construction Deadbeat Friend, Deadbeat Contractor
I have a Judgement on him for 255,000

Company: Paul Bauts
Country: USA
State: New York
City: South Salem
Address: 218 Laurel Ridge Road Oakridge Condos
Phone: 9148799027

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