BiggerPockets

Nope, don't get the picture. What is it they're doing and doing wrong?

What does Harbor Funding have to do with any of this?

I do not get the picture you are painting here Jane Doe. But...I have a few deals going with Harbour Funding. I also know a builder who is a friend of mine that has 50 contracts wth them. They have not closed one deal for me yet, but we are still in contract. I have been told that we are closing by Feb. 15, pushed back from Jan.15. I will let everyone know what the turnout is. I hope they are legit. It's either going to turn out really good or really bad. Stay tuned. I still have faith in them since they officially are still moving forward. We'll see.

Jane Doe, Have you entered into a contract and gone forward with Harbour to write these statements? I'm curious to know if you did, have you received your 10% back from the attorney BASED out of New Jersey? If you entered into agreement and the loan went to processing you would have had to send 10% into escrow. Just curious on where you get your info.

Jane Doe / L Y,
Anonymous posts for or against any company hardly garner any credibility. Why doesn't either one of you tell us who you are and give us a reason to believe you.

Good luck with your transaction Scott.

Great job on performing some additional due diligence Scott. That is imperative to yoru success.

These anonymous posts by anonymous profiles do not work here on BP Nation. We are much too bright and can sniff you out!

MikeOh,
To say the least I am not happy. The updates I am getting leads me to believe that Harbour Funding now comprehends in their stupid minds that there is heat on them and this may be the last time they do something like this.

The DOJ and FBI love cases like this and can happily say they are utilizing all resources to take them down. I want to be there to spit at them as they are walking into the federal court

I just wanted to know if there is any good assets for harbor funding.

I can add some actual info to this thread. There are several boiler room operations out of Ft. Myers FL and Gulfport MS that ran ads on the internet for the go zone. They put on seminars and took you to see properties in MS that they would build for you. Most were in Bayside Park, an old downtrodden development in Bay St. Louis, MS. It all looked good and you'd be told by a lender, Harbor Funding by way of C & W funding they'd get you a loan for x amount. This would cover the const, points and when it closed, you'd receive a rent guarantee and decor allowance of 10% back in your pocket, basically 90% loan.
Example-$240K duplex . You place $24K with the developer, Blue OAK CONST (had other names before) who then placed funds into escrow with JPO Title . This is where it gets wierd.
Harbor Funding then requested the funds to go to their escrow agent, Michael D. Garber, a NY and NJ attorney from JPO. The wizard pulling the strings behind the curtain of Harbor Funding is Bill Lange, and supposedly,he requested the funds from Garber. It appears he received them and used them to leverage with a hedge fund overseas by putting up millions to get hundreds of millions to lend.
The developer continued selling pre builds based on the info and potential loans from Lange. I "purchased" 2 duplexes from Blue Oak-Gulf Stream Dev and sent them $48,000. I've been trying to get money back for 6 months. Garber has had his accounts frozen by the Bar in NJ. Lange has now disappeared from Seattle but keeps promising a return of my funds.
I don't know if I'll ever see my $ and I don't know a sINGLE investor that has had a closing on property through these guys. There are still some of those involved above ground in Ft. Myers, and still doing seminars, now selling foreclosures in SW FL.
Be very careful. These folks are in over their heads, or crooks, or slick or all of the above. I have lots of info on all this and would love to join any action or furnish my info to the investigators or FBI. It is a can of worms.
As to any assets of Harbor Funding. Lange pledged a LOT of funds and the ruse was a goldmine or gold stocks he had plus the cash. He closed his office last week and did give me the new phone # for him, but I haven't tried it yet.
Scott- the investigation needs to start right where you are with Garber. He is the key to knowing where the money went. There is an attorney /lender in MN that is out 800K and thinks he'll see his funds returned from the court. He doesn't return calls now. He quoted me 3K to file my request with the court, but I'm not sure he's received anything nor whether Garber or Lange has the funds!!
JPO title is no longer where they were in Ft Myers. I think everyone is scrambling for under ground.
Hows' that for more info on this mess? Rich.

Hi Rich,
Yes, you are certainly a victim here. I am not sure what you can provide to me that I don't already have. I've got all (5) different escrow agreements, wire transfer receipts to and from JPO to Garber, etc. I also personally know every single one of the guys in Ft. Myers with C & W. I reported them as well.

I've got e-mail exchanges, letters, etc that immediately contradict and incriminate. I am also working with Blue Oak as they gave me all of their communications with Bill Lange, so I am sure I have your file somewhere with the US Attorney's Office.

I have made it clear to Lange and Garber that making sure they go to jail will be a fulltime job for me for a while. Not a single investor was funded, you are right and not a single investor got their money back UNLESS JPO Title hasn't transferred the money already. Slim to none on that anyway.

Personally I have lost a lot of money on land deposits and unfortunately so will my investors. I have not heard of anyone down here selling foreclosures through Bill Lange though and I have not heard of any new seminars locally. As you said, Lange shut his offices down last week and C & W fired everyone on Friday of last week as well.

At this point I think I have the invesigation covered for everyone. The US DOJ will report them to the SEC and hopefully strip Garber of all Bar licensing. I am certain Garber sent the money to Lange...I tracked Garber down at his own house to confirm that. Garber's funds were frozen of $1.5 million when there should have been over $40 million in the account.

My question is, does Lange still have it or is it gone to stock market trading?

This is exactly why I have advised many clients and others over the last few years to stay away or at least be very carefull dealing with any "Go Zone" opportunities.
These are very similar to loan modification services - Almost all are frauds and scams!

They use techniques like the huge depreciation deductions you will recieve to mask the fact that the deal itself is no good without rent guarantees and depreciation deductions.