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Saturday, October 30, 2010

myftef.org: Scott Veerkamp Con Game

Re: Franklin Township Education Foundation

When I filed my initial complaint with REMAX of Indiana, Jonathan
Nicholas had the following designations: NAR, CRB, CRS, and GRI.
As I mentioned earlier, my initial complaint included documentation of
Loan Steering and Predatory Lending. Likewise, I informed Jonathan
that Scott Veerkamp removed my property from the MLS without my
permission.

Please review this important information:
1. Jonathan Nicholas refused to meet with me and discuss my experience
with the REMAX Central Sting Operation. 2. Scott Veerkamp made
approximately $26,000 on a $120,000 property with a "land contract
scam." 3. Scott refused to conduct an open house on this property.
4. Scott lived "one block down the street" from this property. 5.
Jonathan Nicholas presented Scott Veerkamp with a "Lifetime
Achievement Award" for misrepresenting the value of this property and
stealing my money. 6. Scott used the award to recognize himself with
another advertisement in Christian Phone Book. 7. Apparently, this is
supposed to be an example of how to "protect and promote the interest
of your client." 8. In reality, this felt like a "mafia hit" on
behalf of the REMAX organization. 9. This "mafia hit" included the
following components: A. Loan Steering B. Predatory Lending C.
Inflated property value D. Land contract with a "due on sale" clause.
E. $26,000 "heist" for Scott Veerkamp...
REMAX agent David Bickell was the President of the Metropolitan
Indianapolis Board of Realtors (local association) in 2008. Likewise,
REMAX agent Dick Gaylord was the President of the National Association
of Realtors in 2008. Clearly, there is a "pattern of deception"
emerging with REMAX, NAR, and Loan Steering.

Please take time to review this example of Scott Veerkamp's deception:
"You can trust our Realtors to always keep your interest first and
foremost."

Loan 1: (Property value $150,000) A. $4,799 yield spread premium B.
$500 processing fee C. $250 document preparation fee D. $50 courier
fee E. $35 electronic filing fee F. $425 administration fee (lender
fee)

Loan 2: (Property value $120,000) A. $1,440 yield spread premium B.
$960 application fee C. $1,920 in "discount points" (paid to Scott
Veerkamp) D. $409 administration fee (lender fee) E. $150
underwriting fee (lender fee)

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