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4plexowner.
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June 18, 2007 at 8:15 PM #60311June 18, 2007 at 8:15 PM #60344
Anonymous
GuestHow about……
I was put here to STOP them. That was my purpose. They made a BAD choice in choosing me as a Core Client. I will pursue justice with vigor.Ok, I admit to being too trusting, naive, ignorant of the RE process and documents, and I did Not hire a PI to investigate these people Prior to investing (do YOU hire a PI? Because that is what it would have taken to uncover the garbage on these yahoos).
Why is it soooo important to you to beat up the victim and get a confession of unadulterated greed out of us? Does that make you feel better? Stand Taller? Stick out your chest further? Been able to brag “THAT NEVER would have happened to me!” with confidence? Feel more Superior?
Isn’t it the crooks James, Hendrix, Maurice, Helen, Charlie, et al who your anger should be directed at? Or do you secretly admire the fact that they pulled it off?
June 18, 2007 at 8:23 PM #60313PD
ParticipantCbC, I neither receive child support nor pay child support. In my experience, those who complain that the ex is greedy in their requests for child support are usually the greedy ones who don’t want to live up to their responsibilities. Since you have adamantly refused to take any responsibility for the financial predicament in which you now find yourself, is it any wonder that I have questioned who exactly is greedy regarding child support?
There are other people posting here who were victims of this scam who are taking responsibility for their own part in their downfall. I respect that.
I feel a great deal of sympathy for those who are very uneducated or who have a low IQ and got caught up in this scheme. The more sophisticated the person who got pulled in, the less sympathy I have for them. I am sure there were many warning signs.
I was pretty harsh in my previous post. You have come across as a very unpleasant person and I responded in kind. I hope you are a good mother and a good step-mother.
June 18, 2007 at 8:23 PM #60346PD
ParticipantCbC, I neither receive child support nor pay child support. In my experience, those who complain that the ex is greedy in their requests for child support are usually the greedy ones who don’t want to live up to their responsibilities. Since you have adamantly refused to take any responsibility for the financial predicament in which you now find yourself, is it any wonder that I have questioned who exactly is greedy regarding child support?
There are other people posting here who were victims of this scam who are taking responsibility for their own part in their downfall. I respect that.
I feel a great deal of sympathy for those who are very uneducated or who have a low IQ and got caught up in this scheme. The more sophisticated the person who got pulled in, the less sympathy I have for them. I am sure there were many warning signs.
I was pretty harsh in my previous post. You have come across as a very unpleasant person and I responded in kind. I hope you are a good mother and a good step-mother.
June 18, 2007 at 8:36 PM #60315davelj
ParticipantCbC, To answer your first question, yes, I hire a law firm to do an extensive background check on EVERY key person in every investment I make (if I haven’t worked with them before). But I admit that’s fairly unusual – but I’m a professional investor and invest other people’s money as well as my own so it’s part of my fiduciary duty to do these sorts of things.
It’s funny, you view people who question your “purity” in these transactions as “beating up on you.” I think we merely view it as placing a small bit of the blame where it deserves to be placed: with you. We’re not beating up on you, we’re just calling it like we see it. You say tomato, I say tomahto.
I think EVERY poster reading this agrees that you and all of your co-plaintiffs have been wronged and should be very angry with James, et al. No doubt about it and I don’t think ANYONE here thinks otherwise or “secretly admires the fact that they pulled it off”, to use your words. That you would think this possible shows just how little time you’ve spent on this board. Here’s the problem: YOU’RE here and posting; James, Hendrix, et al are not. If they were I can assure you that we’d be pillorying them with abandon… you’re getting off easy, frankly.
But, not to worry. Even if you end up BK, you’re still quite lucky: over 3 billion people on this planet live on less than $2 per day and tens of millions die of starvation every year. You’ve had the good fortune to reap your God’s favor and live in the United States while others are clearly in His great disfavor. In the whole scheme of things your problems aren’t so great, are they?
June 18, 2007 at 8:36 PM #60348davelj
ParticipantCbC, To answer your first question, yes, I hire a law firm to do an extensive background check on EVERY key person in every investment I make (if I haven’t worked with them before). But I admit that’s fairly unusual – but I’m a professional investor and invest other people’s money as well as my own so it’s part of my fiduciary duty to do these sorts of things.
It’s funny, you view people who question your “purity” in these transactions as “beating up on you.” I think we merely view it as placing a small bit of the blame where it deserves to be placed: with you. We’re not beating up on you, we’re just calling it like we see it. You say tomato, I say tomahto.
I think EVERY poster reading this agrees that you and all of your co-plaintiffs have been wronged and should be very angry with James, et al. No doubt about it and I don’t think ANYONE here thinks otherwise or “secretly admires the fact that they pulled it off”, to use your words. That you would think this possible shows just how little time you’ve spent on this board. Here’s the problem: YOU’RE here and posting; James, Hendrix, et al are not. If they were I can assure you that we’d be pillorying them with abandon… you’re getting off easy, frankly.
But, not to worry. Even if you end up BK, you’re still quite lucky: over 3 billion people on this planet live on less than $2 per day and tens of millions die of starvation every year. You’ve had the good fortune to reap your God’s favor and live in the United States while others are clearly in His great disfavor. In the whole scheme of things your problems aren’t so great, are they?
June 18, 2007 at 8:42 PM #60319Bugs
ParticipantThere isn’t a single person on this board who doesn’t have the utmost in contempt for those individuals responsible for the fraud. HOWEVER there also isn’t anyone here who will sympathize with the people who were gambling on housing futures and who were knowingly agreeing to mortgage payments they could never hope to pay.
You can’t tell us that you didn’t understand that an Adjustable Rate Mortgage resets after a certain period of time or that those payments would vastly exceed your personal abilities to pay. I can figure out what a mortgage payment will be on a purchase price in about 20 seconds. There are so many online mortgage calculators it might have taken you 10 minutes to find one and figure out the same. You didn’t find out because you didn’t bother to find out. Whose fault is that?
It doesn’t take a private investigator or an outside expert to understand that racking 2 or 3 or 7 home purchases on a middle-range salary is not economically possible without a lottery-sized amount of risk, or that banks will not knowingly lend more than what a borrower can repay out of their earnings.
Whether you did it because you believe God wants the righteous to prosper or because you were being an agressive investor matters not. The fact remains that most of you signed on to purchase investment vehicles, sometimes totalling million dollars worth in multiple transactions; you were not just purchasing shelter for yourself and your family.
When my kids were 18 and were receiving all these credit card offers they all knew better than to get more than one card or to use those cards for anything other than emergencies. They didn’t need an outside expert to guide them towards making an informed decision about their use of credit. I have to believe on at least some level that all the adults involved in this tragic scheme had some understanding of what their limitations were and made conscious decisions to “be bold” and ignore those limitations.
Had your gamble paid off I’m pretty sure you guys wouldn’t be whining about the fraud it would have taken for that to happen, so I don’t have a whole lot of sympathy for your losses. Without a doubt, your agressiveness has contributed to the problems the housing market in your area now faces. If not for your ill-advised purchases its possible housing prices in that area might not have gotten quite so high. 1,000 units is a lot of inventory to soak up. In fact, you should give some consideration to the idea that you guys are partially responsible for some of the losses currently being suffered by other buyers who were competing with you when you bought.
I don’t mess around with investing in derivatives because I don’t understand them. You should consider the same. Next time maybe you should stick to what you know.
June 18, 2007 at 8:42 PM #60352Bugs
ParticipantThere isn’t a single person on this board who doesn’t have the utmost in contempt for those individuals responsible for the fraud. HOWEVER there also isn’t anyone here who will sympathize with the people who were gambling on housing futures and who were knowingly agreeing to mortgage payments they could never hope to pay.
You can’t tell us that you didn’t understand that an Adjustable Rate Mortgage resets after a certain period of time or that those payments would vastly exceed your personal abilities to pay. I can figure out what a mortgage payment will be on a purchase price in about 20 seconds. There are so many online mortgage calculators it might have taken you 10 minutes to find one and figure out the same. You didn’t find out because you didn’t bother to find out. Whose fault is that?
It doesn’t take a private investigator or an outside expert to understand that racking 2 or 3 or 7 home purchases on a middle-range salary is not economically possible without a lottery-sized amount of risk, or that banks will not knowingly lend more than what a borrower can repay out of their earnings.
Whether you did it because you believe God wants the righteous to prosper or because you were being an agressive investor matters not. The fact remains that most of you signed on to purchase investment vehicles, sometimes totalling million dollars worth in multiple transactions; you were not just purchasing shelter for yourself and your family.
When my kids were 18 and were receiving all these credit card offers they all knew better than to get more than one card or to use those cards for anything other than emergencies. They didn’t need an outside expert to guide them towards making an informed decision about their use of credit. I have to believe on at least some level that all the adults involved in this tragic scheme had some understanding of what their limitations were and made conscious decisions to “be bold” and ignore those limitations.
Had your gamble paid off I’m pretty sure you guys wouldn’t be whining about the fraud it would have taken for that to happen, so I don’t have a whole lot of sympathy for your losses. Without a doubt, your agressiveness has contributed to the problems the housing market in your area now faces. If not for your ill-advised purchases its possible housing prices in that area might not have gotten quite so high. 1,000 units is a lot of inventory to soak up. In fact, you should give some consideration to the idea that you guys are partially responsible for some of the losses currently being suffered by other buyers who were competing with you when you bought.
I don’t mess around with investing in derivatives because I don’t understand them. You should consider the same. Next time maybe you should stick to what you know.
June 18, 2007 at 8:43 PM #60321Anonymous
GuestActually several of your co-posters feel we should be jailed, mocked, drawn and quartered, humiliated, spit upon, and have a giant L tattoed on our chests.
To be sure I will recommend this site to all my friends for warm and loving support during this very difficult time in our lives. Thank you for making it a very safe environment in which to vent and the memories so memorable.
You’d probably be a tad bit ‘disagreeable’ if you had just been accused of fraud when you were actually the victim of it. Y’all provide such a warm welcome and lots of hospitality.
Y’all play nicely now. ya hear?!!
June 18, 2007 at 8:43 PM #60354Anonymous
GuestActually several of your co-posters feel we should be jailed, mocked, drawn and quartered, humiliated, spit upon, and have a giant L tattoed on our chests.
To be sure I will recommend this site to all my friends for warm and loving support during this very difficult time in our lives. Thank you for making it a very safe environment in which to vent and the memories so memorable.
You’d probably be a tad bit ‘disagreeable’ if you had just been accused of fraud when you were actually the victim of it. Y’all provide such a warm welcome and lots of hospitality.
Y’all play nicely now. ya hear?!!
June 18, 2007 at 8:52 PM #60327no_such_reality
ParticipantWhich is simpler possibility?
A) everybody involved bent the rules “a little bit” in the pursuit of quick profits.
B) the ring leader and cohorts with the aid of numerous appaisers, escrow companies, RE agents and mortgage brokers conspired to defraud 100s out of their homes and then committed and passed forgeries to commit those hundreds of investors to multiple fraudulent purchases to bilk them.
June 18, 2007 at 8:52 PM #60360no_such_reality
ParticipantWhich is simpler possibility?
A) everybody involved bent the rules “a little bit” in the pursuit of quick profits.
B) the ring leader and cohorts with the aid of numerous appaisers, escrow companies, RE agents and mortgage brokers conspired to defraud 100s out of their homes and then committed and passed forgeries to commit those hundreds of investors to multiple fraudulent purchases to bilk them.
June 18, 2007 at 8:58 PM #60331davelj
ParticipantCbC, you said: “Actually several of your co-posters feel we should be jailed, mocked, drawn and quartered, humiliated, spit upon, and have a giant L tattoed on our chests.”
I’ve read all the posts in this thread and haven’t noticed anything of the sort. Perhaps you can point me to a specific post indicating otherwise?
From a big picture perspective, I just don’t think you should be too worried about all of this stuff. God will take care of it, right? I’m sure this is all just part of his Plan. Maybe you’re just getting hung up on the details.
June 18, 2007 at 8:58 PM #60364davelj
ParticipantCbC, you said: “Actually several of your co-posters feel we should be jailed, mocked, drawn and quartered, humiliated, spit upon, and have a giant L tattoed on our chests.”
I’ve read all the posts in this thread and haven’t noticed anything of the sort. Perhaps you can point me to a specific post indicating otherwise?
From a big picture perspective, I just don’t think you should be too worried about all of this stuff. God will take care of it, right? I’m sure this is all just part of his Plan. Maybe you’re just getting hung up on the details.
June 18, 2007 at 9:14 PM #60337novice1027
ParticipantI am certainly not here to cast judgement on anyone, but I absolutely can’t imagine ever risking my house/shelter/security to try to get rich quick.
Back in 2004-05 we had a “friend” a real estate person who tried to convence my husband and me that we should take equity from our home and parlay it into 5 or 6 other houses. We about fell off of the couch laughing, and he couln’t get over how “financially conservative” we were. He assurd us we were missing out. In fact he did dip into his home equity and buy 5 more houses, we didn’t and here we sit in our 1 and only 22 year old sfr, and a mortgage I could make working at Baskin’ Robbins.
I often wonder how much sleep he gets at night? I bet not as much as we do, lol. -
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