Again, I want to emphasize Scott Veerkamp made approximately $26,000
in profit on a $120,000 property. Please understand this is a real
number. It is not a "misprint."
Scott accomplished this profit using a "Bait and Switch" strategy with
a REMAX Central listing in Wanamaker, IN. This is why I refer to his
company as the REMAX Central Sting Operation. In my personal
experience, this felt like a "mafia hit" on behalf of the REMAX
organization.
I mailed a hard-copy complaint to 13 different contacts affiliated
with the REMAX organization. This includes REMAX of Indiana and REMAX
International. I was consistently "brushed aside" and ignored by
REMAX corporate and members of the National Association of Realtors.
Obviously, Scott Veerkamp was not focused on "protecting the interest
of his clients." In reality, he used his customers as a profit center
to expand his personal bank account.
Please take a moment to review the following information:
1. REMAX of Indiana presented Scott with a "Lifetime Achievement
Award" after reviewing my complaint. 2. My complaint included
documentation of Loan Steering and Predatory Lending. 3. Jonathan
Nicholas (NAR) presented the award to Scott Veerkamp. 4. In return,
Scott used the award to recognize himself with another advertisement
in Christian Phone Book.
in profit on a $120,000 property. Please understand this is a real
number. It is not a "misprint."
Scott accomplished this profit using a "Bait and Switch" strategy with
a REMAX Central listing in Wanamaker, IN. This is why I refer to his
company as the REMAX Central Sting Operation. In my personal
experience, this felt like a "mafia hit" on behalf of the REMAX
organization.
I mailed a hard-copy complaint to 13 different contacts affiliated
with the REMAX organization. This includes REMAX of Indiana and REMAX
International. I was consistently "brushed aside" and ignored by
REMAX corporate and members of the National Association of Realtors.
Obviously, Scott Veerkamp was not focused on "protecting the interest
of his clients." In reality, he used his customers as a profit center
to expand his personal bank account.
Please take a moment to review the following information:
1. REMAX of Indiana presented Scott with a "Lifetime Achievement
Award" after reviewing my complaint. 2. My complaint included
documentation of Loan Steering and Predatory Lending. 3. Jonathan
Nicholas (NAR) presented the award to Scott Veerkamp. 4. In return,
Scott used the award to recognize himself with another advertisement
in Christian Phone Book.
Articles Regarding Loan Steering and Predatory Lending...
ReplyDeleteLoan Steering Lawsuit:
http://www.huffingtonpost.com/2010/06/30/countrywide-lawsuit-racia_n_630661.html
Subprime Loan Steering:
http://industry.bnet.com/financial-services/10003019/ex-wells-fargo-loan-officer-details-shady-practices/?tag=talkback;tb-content
Loan Steering Lawsuit:
http://www.dailyfinance.com/story/real-estate/wells-fargo-subprime-mortgage-exit/19548625/
REALTORS and Yield Spread Premium:
http://www.realtyresourcesil.com/Seven-Signs-of-Predatory-Lending.asp
National Association of Realtors and Predatory Lending: http://www.realtor.org/home_buyers_and_sellers/how_to_avoid_predatory_lending
Center for Responsible Lending:
http://www.responsiblelending.org/mortgage-lending/research-analysis/ib-ysp-110507-final.pdf
Center for Responsible Lending:
http://www.responsiblelending.org/mortgage-lending/tools-resources/ib011-YSP_Equity_Theft-0604.pdf
Senator Jeff Merkley and Yield Spread Premium:
http://merkley.senate.gov/newsroom/press/release/?id=A09C6A80-537A-4EB1-83C5-31925F046B6F
NAR Code of Ethics:
http://www.realtor.org/mempolweb.nsf/pages/code