Victims of Trust Funding Scam

[Avery Oblepias]

I was approached by Jeremy Gaston from trust funding giving unrealistic options for funding a property as also fees upfront before approval of loan I did my due diligence and found information he was not trust worthy or even considered a scam as a victim of a scam I plan to report trust funding to the FTC and also AG in Nevada where he registered the name Has anyone been scammed by trust funding or Jeremy Gaston thanks everyone and please be careful who you try to obtain funding  

[Jay Hinrichs]

Originally posted by @Matthew Crivelli:

I'm sorry to hear you were involved in a scam. A good rule of thumb is never pay an upfront fee. Most private notes are being written by hedge funds and most have very similar terms. When someone is offering loans with extremely high leverage and rates lower than everyone else you have to be suspicious.

In addition and you probably would not know this.. but in Vegas or anywhere in NV .. you MUST be state licensed and NMLS registered and have a brick and mortar no matter what state the property is in.. so if the lender says they are Vegas based and they dont have license numbers on their website they are frauds on their face.. this is why VERY few HML that are real domicile in NV.. I would report them to the NV division that regulates mortgage brokers they WILL follow up.

I made one comment on BP about doing a loan in NV and I got a letter from the state within 2 weeks.. saying HEY Jay we see your NMLS and Oregon licensed but not NV you cannot do business in our state .. and i had to sign an affidavit that i had never made a loan in NV which i had not..  So I know they are serious.