I was misrepresented by Scott Veerkamp on my mortgage transaction. Scott had the property set up with a 12 month occupancy agreement when he listed the property.
When you look at Scott's response, he confirms the property is set up for a "flip." A Realtor can not flip a property with a 12 month occupancy agreement.
This is the reason Scott refused to show the property. In addition, this is the reason he refused to conduct an open house.
If Scott sold the property quickly, he would have to answer questions from the lender about violating the occupancy agreement. This is the reason he tried to sell the property on contract. As I said before, there is no mortgage on a land contract. If Scott sold the property on contract, only 3 people would know: 1. Myself 2. Scott 3. Chris Moore
GMAC would not know the property was sold on contract unless I contacted them to get permission. When you review the letter, it is clear GMAC is saying the property can not be sold on contract.
I know this sounds strange. However, the following statement is true: Scott listed a property HE COULD NOT SELL without violating the occupancy agreement.
Please remember: Scott received a WARNING letter from the office of the Indiana Attorney General. This government agency never blamed me for any issues relating to the transaction.
Here are 5 key points to review about the transaction...
1. It does not matter if I lived in the property.
2. It does not matter if the property was vacant.
3. Either way, Scott COULD NOT SELL the property without violating the terms of the occupancy agreement.
4. This is the reason he refused to show the property.
5. In the end, I met the financial requirements of the occupancy agreement. I made all the payments required over the 12 month period. In addition, I made all of my payments on time. For this reason, I did not have anyone from a government agency express concern about the occupancy agreement on my behalf. As many people do, I signed a stack of documents "one inch thick" at closing. I do not remember much about the details of the documents.
Please note: Scott had his mortgage license revoked by the office of the Indiana Secretary of State's Security Division. I do not know the reason his license was revoked. However, here is my documentation...
Mortgage license revoked:
Here is the reason Scott could not show (or sell) the property...
Scott Veerkamp is a Predatory Broker. Scott used YSP to receive kickbacks on predatory loans.
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