Usacomplaints.com » Education & Science » Complaint / Review: DeAndrea Robinson AKA AD & Associates AKA Great Plains Mortgage Company - Ripoff developer loan officer borrowed $70,000.00, Defaulted on loan, secured note with property that isn t in his name. #152372

Complaint / Review
DeAndrea Robinson AKA AD & Associates AKA Great Plains Mortgage Company
Ripoff developer loan officer borrowed $70,000.00, Defaulted on loan, secured note with property that isn't in his name

On Sep. 29th DeAndrea Robinson told me he owned some land in St Louis and that he had put a perposal together for a Bank in ST Louis to develope the land and the project was called The Villas on Parker Road. He asked me if I would like to make some money and he begun to tell me about his project.

He took me to Great Plains Mortgage Company at 1044 Main Street, suite 901. He told me that he had just bought into Great Plains and that he owned 51% of the company. He showed me posters of a project he said he was developing in Kansas City call Blackstone.

DeAndrea told me that he needed $225,000.00 in collateral for the Bank in ST Louis in order for the development loan to close and he was $70,000.00 short. He told me if I loaned him the money my return on the investment would be $20,000.00.

I made it clear to DeAndrea that it would take most of the money I had from my new business and he said the loan would close by the end of the week and I would have my money back and at the most the logest I would go with out it would be 4 weeks.

DeAndrea drew up a Promissory Note that was to be secured with a property in ST Louis that he said he owned and that the home had $70,000.00 in equity. He provided me with a Appraisal on the property that was taken on Aug 25th. I never received any other documentation on the home.

After the 4th week came DeAndrea Defaulted on the loan and I started to learn that some of the things he had been telling me were false. When I first meet him he told me that he had just bought a new home in Lees Summit for around $300,000.00. Jackson County has no records of DeAndrea or AD & Associates or Great Plains Mortgage owning any property.

I have sent DeAndrea 2 Default letters and he will know longer return my calls. His cell phones were dissconnected and when he got a new cell phone he wouldn't give me his new number, he told me I could reach him at Great Plains. DeAndrea is aware that I am close to loosing my business and I have no money to live on.

I have not been able to focus on anything but this nightmare that has totally disrupted my life for over 4 months. Now that he won't return my calls I just feel eel and lost all the time. I have been borrowing money from freinds to try to get by but my situation is getting danergously worse because of the whole I've dug myself into.

I have been nothing but nice and understanding with DeAndrea up until 1 month ago when I had to many brooken promises and lies to continue to ignore the truth that my money may be gone. DeAndrea know's I have no funds to try to come after him and I think that's why he's choosen to no longer return my calls. If anyone has any suggestions on how I might recover my money it would be greatly appreciated. I did just order the book rip off revenge.



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