6eREMAX: Jimmy Dulin / MIBOR Swindle
I submitted a with Jimmy Dulin when Scott Veerkamp was linked to the REMAX business. Our criticism involved certification of Predatory Credit as described from the National Association of Agents and also the Middle for Responsible Lending.
To my understanding, Jimmy Dulin and also the Downtown Indianapolis Panel of Agents did nothing to avoid Scott Veerkamp from preying about the community with Yield Spread Quality. Listed here is an essential issue MIBOR hasn't responded regarding Scott Veerkamp: is it feasible for that people of MIBOR to describe how Predatory Lending "shields and encourages the curiosity of the customer?"
REMAX, Jimmy Dulin, and also the Downtown Indianapolis Panel of Agents demonstrated small problem that Scott Veerkamp was misrepresenting the general public. At that time of my criticism, these were not able to supply paperwork that Scott had ceased predatory on customers with deceptive lending techniques.
In doing some study about the Signal of Integrity, I came across the next data outlined about the Downtown Indianapolis Panel of Agents website:
1."REALTORS will be cautious all the time to provide a genuine image within their marketing as well as their representations towards the community." 2."The Signal of Integrity is just a guarantee towards the community that after coping with a genuine estate broker who's AN AGENT, they are able to assume truthful and moral therapy in most deal - related issues." 3."Only AGENTS promise to follow the Signal of Integrity, and only AGENTS are held responsible for their moral conduct."
Listed Here Is a typical example of Scott Veerkampis fraud with Predatory Lending techniques: "You may trust our Agents to keep your curiosity first of all."
Mortgage 1: (Home worth $150,000) A. $4,799 yield-spread quality W. $500 handling charge D. $250 document preparation charge N. $50 courier charge E. $35 electronic filing fee F. $425 management fee (bank charge)
Mortgage 2: (Home worth $120,000) A. $1,440 yield-spread quality W. $960 application cost D. $1,920 in "discount factors" (paid to Scott Veerkamp) N. $409 management fee (bank charge) E. $150 underwriting charge (lender fee)
NAR: Predatory Lending Info
Http://www.zimbio.com/Revealing Cons/articles/15VN_4Q6HLA/NAR Predatory Lending Info
Middle for Responsible Credit: Seven Indicators of Predatory Lending
Http://www.zimbio.com/Revealing Cons/articles/AKevJQHWOKO/Middle Responsible Lending Eight Signs Deceptive
Heart For Responsible Credit: YSP doc...
Http://www.responsiblelending.org/mortgage-financing/study-evaluation/ib-ysp-110507-final. Pdf
CRL and Collateral Theft:
Http://www.responsiblelending.org/mortgage-lending/tools-resources/ib011-YSP_Equity_Theft-0604. Pdf
Jeff Merkley and Yield-Spread Premium:
Http://merkley. Senate. Gov/newsroom/press/release/? Id=A09C6A80-537A-4EB1-83C5-31925F046B6F
Caution notice to Scott Veerkamp:
Http://jmb27. Posterous.com/warning-letter-to-scott-veerkamp-from-the-off
Scott will not push (one-block) to perform an available house:
Http://jmb27. Posterous.com/scott-veerkamp-refuses-to-conduct-an-open-hou
Scott Veerkamp owes income:
Http://jmb27. Posterous.com/extreme-interest rates
0 comments