Consumer ALERT: Scott Veerkamp uses deception to ripoff the public...

1.  Here is a summary of my transaction with REMAX Central:
http://narrealtorbaitandswitchblog.blogspot.com/2012/06/summary-of-events-regarding-remax.html

2.  This explains the reason Scott refused to show the property...
http://narrealtorbaitandswitchblog.blogspot.com/2013/01/scott-veerkamp-misrepresented-my.html

3.  Listing contract:
http://narrealtorbaitandswitchblog.blogspot.com/2012/09/listing-contract.html

4.  Sold in "30 days"
http://narrealtorbaitandswitchblog.blogspot.com/2012/09/8725-profit-in-30-days.html

5.  $26,990:  Additional details regarding my transaction...
http://narrealtorbaitandswitchblog.blogspot.com/2012/10/scott-veerkamp-26990-mafia-hit.html

6.  False advertising and junk fees:
http://narrealtorbaitandswitchblog.blogspot.com/2013/01/scott-veerkamp-truth-is-in-his-fees.html

Scott Veerkamp: The $26,990 Mafia Hit

Here are the details of the $26,990 mafia hit...

(a) The property was vacant. I had a payment on the property of $1,000 per month while Scott was "missing in action."

(b) Therefore, I was on the edge of bankruptcy when I sold him the property.

(c) Earlier, I met with another Realtor. She told me she thought the value of the property was $128,000.  I would have to pay her a commission to sell the property. The average commission for a Realtor is about 7%. Therefore, it would cost me $8,960 to list and sell the property with her.

(d) As a comparison, Scott made the equivalent of a 21% commission on this property. I received ZERO benefit from this commission. The only thing I received from Scott was serious financial harm when he refused to show the property.

(e) After I reviewed the information from the Realtor I met with, I decided to sell the property to Scott for $131,850 to avoid bankruptcy.

(f) Scott purchased the property and flipped his own listing for $143,720. This enabled him to put an extra $11,870 in his pocket at my expense.

Here is additional information regarding the land contract...

(a) If I sold the property on contract, I would have to pay off the entire balance of the loan within 30 days. This is why they call it a "due on sale clause."

(b) There is no mortgage on a contract sale. Therefore, I would have to pay off the entire balance with "cash." Please refer to the GMAC letter where they talk about requiring "payment in full" on the mortgage.

(c) Obviously, this is a recipe for a financial disaster.

(d) I was referred to Scott by a lifelong best friend. He knew Scott from the church they attended in Franklin Township. As you might expect, my friend no longer sends referrals to Scott Veerkamp.

Here is a breakdown of the money Scott collected...

1. $8,400 commission to Scott when I purchased the property.

2. He made $4,320 on the mortgage.

3. As discussed, he collected $11,870 when he flipped the property.

4. This brings his total profit to $24,590.

5. I have been told it is common for brokers to receive a 2% "finders fee" for bringing the loan to the lender. This would add $2,400 to his profit. (I can not support the $2,400 figure with documentation).

6. I believe there is a strong possibility he received a "finders fee." If so, this brings the grand total to $26,990.

This experience felt like a "mafia hit" from Scott and his organization. If I can save even (one person) from having the same experience, it will be worth my effort. No individual should have to take responsibility for his lies and his misrepresentations. This includes individuals affiliated with FTCSC and people affiliated with his real estate transactions.

$8,725 Profit In 30 Days

Download Sold_In_30_Days.pdf

Scott said he would have the property sold for $145,000 in 30 days.

1. Scott's numbers are in column 1.

2. The "sold in 30 days" is in the upper right hand corner of the document.

3. "Proceeds to you" is listed at the bottom of the page. Scott is showing a profit of $8,725 in 30 days.

4. REMAX Central homes is listed at the bottom of the page with Scott's phone number.

Listing Contract

Download Listing_Contract.pdf

Here is a copy of the listing contract.

1. Scott could not sell this property to a buyer with a traditional mortgage because of the occupancy agreement.

2. His plan was to sell this property on a land contract. As you know, Scott's plan was rejected with the letter from GMAC.

3. Therefore, Scott COULD NOT SELL THIS PROPERTY.

Occupancy Agreement

Download Occupancy_Agreement.pdf

I know this sounds hard to believe.  Nonetheless, the following statement is true:  Scott would have to reject a purchase offer if someone wanted to buy the property.  If he sold the property quickly, he would misrepresent the occupancy agreement and the lender would start asking questions.

(NAR): Scott Veerkamp and the REMAX Central Sting Operation...

Please take time to review this summary of events regarding REMAX Central and Scott Veerkamp (NAR).

1. Scott engages in Predatory Lending with Yield Spread Premium and excessive fees.  This is documented on the settlement statements in the link below.  (You will need to scroll to see these documents).

http://narrealtorbaitandswitchblog.blogspot.com/2011/12/mortgage-documents-1-and-2.html

2. Scott refuses to show the property.  He refuses to drive (one block) to conduct an open house.  (This is documented in the "record of property shown" receipts from MIBOR).

http://narrealtorbaitandswitchblog.blogspot.com/2011/02/scott-veerkamp-refuses-to-conduct-open.html

3. After 8 months of refusing to show the property, Scott attempts to sell the property on a land contract with a "due on sale clause."  (This is documented with a letter from Chris Moore and a Letter from GMAC Mortgage).

http://narrealtorbaitandswitchblog.blogspot.com/2011/01/scott-veerkamp-land-contract-scam.html

4. Scott removes my property from the MLS after I file a complaint with MIBOR.  (Please review the document from MIBOR in the link below).

http://narrealtorbaitandswitchblog.blogspot.com/2012/06/scott-veerkamp-removes-my-property-from_02.html

5. Scott flips his own listing for a $26,000 profit.  This is documented with the purchase agreement and selling price of the property.  (You will need to scroll to see these documents).

http://narrealtorbaitandswitchblog.blogspot.com/2013/01/scott-veerkamp-flips-his-own-listing_20.html

6. Scott refers to himself as a Christian Super Servant.  He believes he is dedicated to "keeping the interest of his clients above all else."  (This is documented on Scott Veerkamp's website in the link below).

http://narrealtorbaitandswitchblog.blogspot.com/2012/06/scott-veerkamp-refers-to-himself-as_02.html

7. Scott receives a warning letter from the office of the Indiana Attorney General.  (This is documented with a letter I received from their office).

Download Warning_Letter.pdf

8. Here is a copy of the response from Scott Veerkamp.  (This is documented on a blog from ripoff report).

http://narrealtorbaitandswitchblog.blogspot.com/2012/06/here-is-copy-of-response-from-scott.html

9. The MIBOR promise...

http://narrealtorbaitandswitchblog.blogspot.com/2012/06/mibor-promise.html

10. Comparative Market Analysis

I had to go to an independent real estate agent to get Comparative Market Analysis on the 8202 Eaton Court property. CMA shows an average selling price of $82 per square foot in this neighborhood. The square footage on the 8202 property is 1,420. Scott attempted to sell the property to Chris Moore for $145,000.

Please review Standard of Practice 1-3 in the Code of Ethics before analyzing the following information...

NAR Code of Ethics:
http://narrealtorbaitandswitchblog.blogspot.com/2013/01/nar-code-of-ethics.html

Comparative Market Analysis on the Eaton Court property:
http://narrealtorbaitandswitchblog.blogspot.com/2013/01/comparative-market-analysis.html

Land contract information:
http://narrealtorbaitandswitchblog.blogspot.com/2011/01/scott-veerkamp-land-contract-scam.html

The MIBOR Promise

Download The_MIBOR_Promise.pdf

Please take time to review this document from MIBOR.

Here is a copy of the response from Scott Veerkamp

Here is a copy of Scott's response.  It is available on this blog from ripoff report.  (You will need to scroll to see this document).

http://www.ripoffreport.com/mortgage-companies/scott-veerkamp/scott-veerkamp-remax-predat-d83fb.htm

1. Scott says in his response: "It is nice when you have truth on your side and good documentation." 

2. Scott is claiming he was "exonerated" by the office of the Indiana Attorney General.  If this statement is true, why did he receive a warning letter? 

3. Scott says he "went well beyond the call of duty to make amends."  Can he provide an example that supports this statement? 

4. Scott has chosen an interesting title for his response.  Why is he unable to provide evidence he was cleared of ethics violations with the organizations he mentions in his response? 

5. Was Scott "completely exonerated" after he flipped his own listing?  If he was, this will confirm REMAX and MIBOR are running a scam with the Code of Ethics.  (Please see the MIBOR promise).

6. Why is he avoiding a discussion about Yield Spread Premium and the family from Wanamaker? 

http://www.litchfieldboard.com/?rm=lp&pg=predatory_lending

7. His business was strengthened with my complaints?  His company has remitted payment?

http://hadenoughindy.blogspot.com/2010/11/elected-officials-who-didnt-pay-their.html

8. Scott is claiming I had a "violation of license law" during this transaction.  If I had a violation, why did Scott receive the warning letter?

9. As you can see, Scott is encouraging people to contact him with questions about his statements. 

10. Please ask him to provide documentation to support his statements.

Scott Veerkamp refers to himself as a Christian Super Servant

Download Christian_Super_Servant.pdf  

Please review the PDF document above.  This information was pulled from Scott Veerkamp's website.

Scott refers to himself as a Christian Super Servant that "keeps the interest of his clients above all else."

Scott Veerkamp Removes My Property From the MLS

Download Scott_Removes_My_Property_From.pdf

Please review this document from MIBOR.

Scott removed my property from the MLS when I filed the complaint with MIBOR.  He took this action without my permission.  This tactic was used to retaliate against my complaint.