Jonathan Nicholas / REMAX of Indiana

Jonathan Nicholas was with REMAX of Indiana when I alerted him about
Scott Veerkamp's Predatory Lending tactics. To my knowledge, REMAX
did nothing to prevent Scott from "stealing equity from struggling
families."

Center for Responsible Lending: Equity Theft

According to CRL: "The effect of Yield Spread Premium is to steal
equity from struggling families."

Scott Veerkamp: (Franklin Township School Board Member)

Predatory Lending is a major contributor to the economic turmoil we
are currently experiencing.

Here is an example of what I am talking about:
Scott Veerkamp / Predatory Lending (Franklin Township School Board Member.)

Please review this information from U.S. Senator Jeff Merkley
regarding deceptive lending practices:
"Steering payments were made to brokers who enticed unsuspecting
homeowners into deceptive and expensive mortgages. These secret bonus
payments, often called Yield Spread Premiums, turned home mortgages
into a SCAM."

The Center for Responsible Lending says YSP "steals equity from
struggling families."
1. Scott collected nearly $10,000 on two separate mortgages using YSP
and junk fees. 2. This is an average of $5,000 per loan. 3. The median
value of the properties was $135,000. 4. Clearly, this type of
lending represents a major ripoff for consumers.

http://merkley.senate.gov/newsroom/press/release/?id=A09C6A80-537A-4EB1-83C5-31925F046B6F