Fraud Lender, Fake Appraisal Scam

Mike GrudzienPro Member

Lender · Eugene, OR · Member since 2019 · 2k+ posts · 1k+ votes

10mo

Thank you for your work, your update and warning.

0 Reply

Camlie R Bella

OP

Lender · St Petersburg, FL · Member since 2023 · 15 posts · 3 votes

10mo

Your Welcome!

0 Reply

Erik EstradaBusiness Member

Lender · Member since 2022 · 6k+ posts · 1k+ votes

10mo

Quote from @Camlie R Bella:

WARNING, ALERT!

FAKE LENDER: MILLENNIUM GLOBAL PARTNERS, DERRICK FRIEDRICKSON aka JOE GONZALALES.

FAKE LENDERS, FRAUD LENDERS, HARD MONEY LOAN SCAM, HARD MONEY LOAN PRIVATE INVESTOR SCAM, APPRAISAL FEE SCAM.

JASON DUFFY and NICK GEORGE, THEY RUN THE APPRISAL SCAM WITH THE FAKE LENDER.

LENDER HAS A FAKE OFFICE ADDRESS, IRVINE CALIFORNIA. THIS IS JUST A RENTAL ADDRESS. FBI TRAVELED TO THE OFFICE ADDRESS. THEY TALKED TO THE LADY AT THE DESK. SHE STATED NO OFFICE STAFF WITH THIS COMPANY OR LENDER. FLOOR 300 AND FLOOR 900, NO BUSINESS IS THERE, JUST USED AS A DAILY WORKSPACE, NO one ever comes in from this company.

DO YOUR BACKGROUND ON THIS COMPANY. I HAVE. THEY ARE RUNNING A SCAM. The scam works like this.

You, the the loan broker or client, they will tell you to send them the property address, how much of a loan you are looking for.

Then they will send you back a Term Sheet. You sign the Term Sheet, and return it.

Then they will send you a letter with the HIGH COST of an appraisal, in the THOUSANDS.

You pay the fee. Then the appraisal is ordered. Someone might or will call and do a shot gun appraisal. They will never go inside the property. A hack job.

The appraisal company is called Selene Appraisal. They list several addresses all over the United States. I checked the addresses out, all are empty store fronts. And they have no license in any of the states or at the addresses given. It's a scam.

After you pay, who ever receives the money, will split the money received with the fake lender. THIS IS THE SCAM!

The fake lender will never approve a loan, the appraiser will delay the reports, the fake lender will make so many promises, so many excuses about the delays. The it's under review BS story.

This scam is producing at least $100,000 a month, It's going on nation wide.

Stay away from this scam. You will NOT get a loan, you will be scammed!

There is NO lender, NO private investors, it's all FRAUD!

Google them, they have a few fake reviews, look at the dates. Their LLC filing is very new in California. But they are telling everyone they have been a lender for years. The appraisal office said they have been using this guy for over 2 years. But was under another name.

Google all the phone numbers, nothing comes up. Run a deep search, nothing. Run ChartGPT, it pulls nothing.

I have notified and filed a report with the FBI

I have filed a full report with the California States Attorney General Office.

I was told they have an open investigation into these people already.

This could have been prevented by looking for an NMLS license. Although some private lenders are not required to have one, you should ALWAYS work with one that does have an active NMLS license. They have to follow stricter requirements and there is more recourse, even in a business purpose loan.

Kiavi, Lime One, etc.. all have active NMLS licenses even though they do not originate any consumer purpose loans.

Reviews can be created, LLCs can be opened up quickly, however a license requires time, background checks, and compliance.

[email protected]818-269-7983

LuxePrivate Investments LLC 572 Reviews

Website View Page

0 Reply

Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
10mo
Quote from @Erik Estrada:

Quote from @Camlie R Bella:

WARNING, ALERT!

FAKE LENDER: MILLENNIUM GLOBAL PARTNERS, DERRICK FRIEDRICKSON aka JOE GONZALALES.

FAKE LENDERS, FRAUD LENDERS, HARD MONEY LOAN SCAM, HARD MONEY LOAN PRIVATE INVESTOR SCAM, APPRAISAL FEE SCAM.

JASON DUFFY and NICK GEORGE, THEY RUN THE APPRISAL SCAM WITH THE FAKE LENDER.

LENDER HAS A FAKE OFFICE ADDRESS, IRVINE CALIFORNIA. THIS IS JUST A RENTAL ADDRESS. FBI TRAVELED TO THE OFFICE ADDRESS. THEY TALKED TO THE LADY AT THE DESK. SHE STATED NO OFFICE STAFF WITH THIS COMPANY OR LENDER. FLOOR 300 AND FLOOR 900, NO BUSINESS IS THERE, JUST USED AS A DAILY WORKSPACE, NO one ever comes in from this company.

DO YOUR BACKGROUND ON THIS COMPANY. I HAVE. THEY ARE RUNNING A SCAM. The scam works like this.

You, the the loan broker or client, they will tell you to send them the property address, how much of a loan you are looking for.

Then they will send you back a Term Sheet. You sign the Term Sheet, and return it.

Then they will send you a letter with the HIGH COST of an appraisal, in the THOUSANDS.

You pay the fee. Then the appraisal is ordered. Someone might or will call and do a shot gun appraisal. They will never go inside the property. A hack job.

The appraisal company is called Selene Appraisal. They list several addresses all over the United States. I checked the addresses out, all are empty store fronts. And they have no license in any of the states or at the addresses given. It's a scam.

After you pay, who ever receives the money, will split the money received with the fake lender. THIS IS THE SCAM!

The fake lender will never approve a loan, the appraiser will delay the reports, the fake lender will make so many promises, so many excuses about the delays. The it's under review BS story.

This scam is producing at least $100,000 a month, It's going on nation wide.

Stay away from this scam. You will NOT get a loan, you will be scammed!

There is NO lender, NO private investors, it's all FRAUD!

Google them, they have a few fake reviews, look at the dates. Their LLC filing is very new in California. But they are telling everyone they have been a lender for years. The appraisal office said they have been using this guy for over 2 years. But was under another name.

Google all the phone numbers, nothing comes up. Run a deep search, nothing. Run ChartGPT, it pulls nothing.

I have notified and filed a report with the FBI

I have filed a full report with the California States Attorney General Office.

I was told they have an open investigation into these people already.

This could have been prevented by looking for an NMLS license. Although some private lenders are not required to have one, you should ALWAYS work with one that does have an active NMLS license. They have to follow stricter requirements and there is more recourse, even in a business purpose loan.
Kiavi, Lime One, etc.. all have active NMLS licenses even though they do not originate any consumer purpose loans.
Reviews can be created, LLCs can be opened up quickly, however a license requires time, background checks, and compliance.

In addition CA requires either a RE brokers license a MLO license with NMLS registration or a consumer finance license.. U must have one of these to loan money.. Majority of states non owner occ loans need no license.. so while its great to check does not mean unless they are in the 12 to 14 states that require licenses that they are doing thing without a license.

mortgage fraud scams have been going on ever since there were mortgages :) my Dad would point them out to me in the late 60s..
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2 Reply
Erik EstradaBusiness Member
Lender · Member since 2022 · 6k+ posts · 1k+ votes
10mo
Quote from @Jay Hinrichs:

Quote from @Erik Estrada:

Quote from @Camlie R Bella:

WARNING, ALERT!

FAKE LENDER: MILLENNIUM GLOBAL PARTNERS, DERRICK FRIEDRICKSON aka JOE GONZALALES.

FAKE LENDERS, FRAUD LENDERS, HARD MONEY LOAN SCAM, HARD MONEY LOAN PRIVATE INVESTOR SCAM, APPRAISAL FEE SCAM.

JASON DUFFY and NICK GEORGE, THEY RUN THE APPRISAL SCAM WITH THE FAKE LENDER.

LENDER HAS A FAKE OFFICE ADDRESS, IRVINE CALIFORNIA. THIS IS JUST A RENTAL ADDRESS. FBI TRAVELED TO THE OFFICE ADDRESS. THEY TALKED TO THE LADY AT THE DESK. SHE STATED NO OFFICE STAFF WITH THIS COMPANY OR LENDER. FLOOR 300 AND FLOOR 900, NO BUSINESS IS THERE, JUST USED AS A DAILY WORKSPACE, NO one ever comes in from this company.

DO YOUR BACKGROUND ON THIS COMPANY. I HAVE. THEY ARE RUNNING A SCAM. The scam works like this.

You, the the loan broker or client, they will tell you to send them the property address, how much of a loan you are looking for.

Then they will send you back a Term Sheet. You sign the Term Sheet, and return it.

Then they will send you a letter with the HIGH COST of an appraisal, in the THOUSANDS.

You pay the fee. Then the appraisal is ordered. Someone might or will call and do a shot gun appraisal. They will never go inside the property. A hack job.

The appraisal company is called Selene Appraisal. They list several addresses all over the United States. I checked the addresses out, all are empty store fronts. And they have no license in any of the states or at the addresses given. It's a scam.

After you pay, who ever receives the money, will split the money received with the fake lender. THIS IS THE SCAM!

The fake lender will never approve a loan, the appraiser will delay the reports, the fake lender will make so many promises, so many excuses about the delays. The it's under review BS story.

This scam is producing at least $100,000 a month, It's going on nation wide.

Stay away from this scam. You will NOT get a loan, you will be scammed!

There is NO lender, NO private investors, it's all FRAUD!

Google them, they have a few fake reviews, look at the dates. Their LLC filing is very new in California. But they are telling everyone they have been a lender for years. The appraisal office said they have been using this guy for over 2 years. But was under another name.

Google all the phone numbers, nothing comes up. Run a deep search, nothing. Run ChartGPT, it pulls nothing.

I have notified and filed a report with the FBI

I have filed a full report with the California States Attorney General Office.

I was told they have an open investigation into these people already.

This could have been prevented by looking for an NMLS license. Although some private lenders are not required to have one, you should ALWAYS work with one that does have an active NMLS license. They have to follow stricter requirements and there is more recourse, even in a business purpose loan.
Kiavi, Lime One, etc.. all have active NMLS licenses even though they do not originate any consumer purpose loans.
Reviews can be created, LLCs can be opened up quickly, however a license requires time, background checks, and compliance.

In addition CA requires either a RE brokers license a MLO license with NMLS registration or a consumer finance license.. U must have one of these to loan money.. Majority of states non owner occ loans need no license.. so while its great to check does not mean unless they are in the 12 to 14 states that require licenses that they are doing thing without a license.

mortgage fraud scams have been going on ever since there were mortgages :) my Dad would point them out to me in the late 60s..

That's very true. But at the end of the day there are thousands of hard money lenders that lend nationwide, that DO require a license to originate. I would rather prefer to work with a lender that does have a license, even in a state that is not required, than one that does not have anything at all.
It's just an extra precaution.
[email protected]818-269-7983
LuxePrivate Investments LLC 572 Reviews
Website View Page
0 Reply
Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
10mo
Quote from @Erik Estrada:

Quote from @Jay Hinrichs:

Quote from @Erik Estrada:

Quote from @Camlie R Bella:

WARNING, ALERT!

FAKE LENDER: MILLENNIUM GLOBAL PARTNERS, DERRICK FRIEDRICKSON aka JOE GONZALALES.

FAKE LENDERS, FRAUD LENDERS, HARD MONEY LOAN SCAM, HARD MONEY LOAN PRIVATE INVESTOR SCAM, APPRAISAL FEE SCAM.

JASON DUFFY and NICK GEORGE, THEY RUN THE APPRISAL SCAM WITH THE FAKE LENDER.

LENDER HAS A FAKE OFFICE ADDRESS, IRVINE CALIFORNIA. THIS IS JUST A RENTAL ADDRESS. FBI TRAVELED TO THE OFFICE ADDRESS. THEY TALKED TO THE LADY AT THE DESK. SHE STATED NO OFFICE STAFF WITH THIS COMPANY OR LENDER. FLOOR 300 AND FLOOR 900, NO BUSINESS IS THERE, JUST USED AS A DAILY WORKSPACE, NO one ever comes in from this company.

DO YOUR BACKGROUND ON THIS COMPANY. I HAVE. THEY ARE RUNNING A SCAM. The scam works like this.

You, the the loan broker or client, they will tell you to send them the property address, how much of a loan you are looking for.

Then they will send you back a Term Sheet. You sign the Term Sheet, and return it.

Then they will send you a letter with the HIGH COST of an appraisal, in the THOUSANDS.

You pay the fee. Then the appraisal is ordered. Someone might or will call and do a shot gun appraisal. They will never go inside the property. A hack job.

The appraisal company is called Selene Appraisal. They list several addresses all over the United States. I checked the addresses out, all are empty store fronts. And they have no license in any of the states or at the addresses given. It's a scam.

After you pay, who ever receives the money, will split the money received with the fake lender. THIS IS THE SCAM!

The fake lender will never approve a loan, the appraiser will delay the reports, the fake lender will make so many promises, so many excuses about the delays. The it's under review BS story.

This scam is producing at least $100,000 a month, It's going on nation wide.

Stay away from this scam. You will NOT get a loan, you will be scammed!

There is NO lender, NO private investors, it's all FRAUD!

Google them, they have a few fake reviews, look at the dates. Their LLC filing is very new in California. But they are telling everyone they have been a lender for years. The appraisal office said they have been using this guy for over 2 years. But was under another name.

Google all the phone numbers, nothing comes up. Run a deep search, nothing. Run ChartGPT, it pulls nothing.

I have notified and filed a report with the FBI

I have filed a full report with the California States Attorney General Office.

I was told they have an open investigation into these people already.

This could have been prevented by looking for an NMLS license. Although some private lenders are not required to have one, you should ALWAYS work with one that does have an active NMLS license. They have to follow stricter requirements and there is more recourse, even in a business purpose loan.
Kiavi, Lime One, etc.. all have active NMLS licenses even though they do not originate any consumer purpose loans.
Reviews can be created, LLCs can be opened up quickly, however a license requires time, background checks, and compliance.

In addition CA requires either a RE brokers license a MLO license with NMLS registration or a consumer finance license.. U must have one of these to loan money.. Majority of states non owner occ loans need no license.. so while its great to check does not mean unless they are in the 12 to 14 states that require licenses that they are doing thing without a license.

mortgage fraud scams have been going on ever since there were mortgages :) my Dad would point them out to me in the late 60s..

That's very true. But at the end of the day there are thousands of hard money lenders that lend nationwide, that DO require a license to originate. I would rather prefer to work with a lender that does have a license, even in a state that is not required, than one that does not have anything at all.
It's just an extra precaution.

no argument from me as a Mortgage Banker and NMLS registered ( although I let my ORegon license expire as I dont need it anymore .. but still have my CA Brokers license which is good for making CA HML.. spent over 25 years as a licensee MLO and have been lending in CA since the 80s with my CA Brokers license.. However it is state to state so just making that point.
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JLH Capital Partners51 Review
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1 Reply
Chris SeveneyBusiness Member
Moderator
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
10mo
Quote from @Jay Hinrichs:

Quote from @Erik Estrada:

Quote from @Jay Hinrichs:

Quote from @Erik Estrada:

Quote from @Camlie R Bella:

WARNING, ALERT!

FAKE LENDER: MILLENNIUM GLOBAL PARTNERS, DERRICK FRIEDRICKSON aka JOE GONZALALES.

FAKE LENDERS, FRAUD LENDERS, HARD MONEY LOAN SCAM, HARD MONEY LOAN PRIVATE INVESTOR SCAM, APPRAISAL FEE SCAM.

JASON DUFFY and NICK GEORGE, THEY RUN THE APPRISAL SCAM WITH THE FAKE LENDER.

LENDER HAS A FAKE OFFICE ADDRESS, IRVINE CALIFORNIA. THIS IS JUST A RENTAL ADDRESS. FBI TRAVELED TO THE OFFICE ADDRESS. THEY TALKED TO THE LADY AT THE DESK. SHE STATED NO OFFICE STAFF WITH THIS COMPANY OR LENDER. FLOOR 300 AND FLOOR 900, NO BUSINESS IS THERE, JUST USED AS A DAILY WORKSPACE, NO one ever comes in from this company.

DO YOUR BACKGROUND ON THIS COMPANY. I HAVE. THEY ARE RUNNING A SCAM. The scam works like this.

You, the the loan broker or client, they will tell you to send them the property address, how much of a loan you are looking for.

Then they will send you back a Term Sheet. You sign the Term Sheet, and return it.

Then they will send you a letter with the HIGH COST of an appraisal, in the THOUSANDS.

You pay the fee. Then the appraisal is ordered. Someone might or will call and do a shot gun appraisal. They will never go inside the property. A hack job.

The appraisal company is called Selene Appraisal. They list several addresses all over the United States. I checked the addresses out, all are empty store fronts. And they have no license in any of the states or at the addresses given. It's a scam.

After you pay, who ever receives the money, will split the money received with the fake lender. THIS IS THE SCAM!

The fake lender will never approve a loan, the appraiser will delay the reports, the fake lender will make so many promises, so many excuses about the delays. The it's under review BS story.

This scam is producing at least $100,000 a month, It's going on nation wide.

Stay away from this scam. You will NOT get a loan, you will be scammed!

There is NO lender, NO private investors, it's all FRAUD!

Google them, they have a few fake reviews, look at the dates. Their LLC filing is very new in California. But they are telling everyone they have been a lender for years. The appraisal office said they have been using this guy for over 2 years. But was under another name.

Google all the phone numbers, nothing comes up. Run a deep search, nothing. Run ChartGPT, it pulls nothing.

I have notified and filed a report with the FBI

I have filed a full report with the California States Attorney General Office.

I was told they have an open investigation into these people already.

This could have been prevented by looking for an NMLS license. Although some private lenders are not required to have one, you should ALWAYS work with one that does have an active NMLS license. They have to follow stricter requirements and there is more recourse, even in a business purpose loan.
Kiavi, Lime One, etc.. all have active NMLS licenses even though they do not originate any consumer purpose loans.
Reviews can be created, LLCs can be opened up quickly, however a license requires time, background checks, and compliance.

In addition CA requires either a RE brokers license a MLO license with NMLS registration or a consumer finance license.. U must have one of these to loan money.. Majority of states non owner occ loans need no license.. so while its great to check does not mean unless they are in the 12 to 14 states that require licenses that they are doing thing without a license.

mortgage fraud scams have been going on ever since there were mortgages :) my Dad would point them out to me in the late 60s..

That's very true. But at the end of the day there are thousands of hard money lenders that lend nationwide, that DO require a license to originate. I would rather prefer to work with a lender that does have a license, even in a state that is not required, than one that does not have anything at all.
It's just an extra precaution.

no argument from me as a Mortgage Banker and NMLS registered ( although I let my ORegon license expire as I dont need it anymore .. but still have my CA Brokers license which is good for making CA HML.. spent over 25 years as a licensee MLO and have been lending in CA since the 80s with my CA Brokers license.. However it is state to state so just making that point.

we are licensed in states we need to be licensed in, but not those you do not need one because
1. It is expensive
2. They will audit you and audits are not cheap
From a business standpoint, does not make sense to spend $3-$5k per state that does not need a license in. States that do like CA, NV, AZ, ND, SD etc. then you need one.
Most private lenders that are legit will get one for california or AZ because most do a lot of business there, so they necessarily do not need a license in that state you are in, but having a NMLS license is a good sign they are legit.
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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
10mo
Quote from @Chris Seveney:

Quote from @Jay Hinrichs:

Quote from @Erik Estrada:

Quote from @Jay Hinrichs:

Quote from @Erik Estrada:

Quote from @Camlie R Bella:

WARNING, ALERT!

FAKE LENDER: MILLENNIUM GLOBAL PARTNERS, DERRICK FRIEDRICKSON aka JOE GONZALALES.

FAKE LENDERS, FRAUD LENDERS, HARD MONEY LOAN SCAM, HARD MONEY LOAN PRIVATE INVESTOR SCAM, APPRAISAL FEE SCAM.

JASON DUFFY and NICK GEORGE, THEY RUN THE APPRISAL SCAM WITH THE FAKE LENDER.

LENDER HAS A FAKE OFFICE ADDRESS, IRVINE CALIFORNIA. THIS IS JUST A RENTAL ADDRESS. FBI TRAVELED TO THE OFFICE ADDRESS. THEY TALKED TO THE LADY AT THE DESK. SHE STATED NO OFFICE STAFF WITH THIS COMPANY OR LENDER. FLOOR 300 AND FLOOR 900, NO BUSINESS IS THERE, JUST USED AS A DAILY WORKSPACE, NO one ever comes in from this company.

DO YOUR BACKGROUND ON THIS COMPANY. I HAVE. THEY ARE RUNNING A SCAM. The scam works like this.

You, the the loan broker or client, they will tell you to send them the property address, how much of a loan you are looking for.

Then they will send you back a Term Sheet. You sign the Term Sheet, and return it.

Then they will send you a letter with the HIGH COST of an appraisal, in the THOUSANDS.

You pay the fee. Then the appraisal is ordered. Someone might or will call and do a shot gun appraisal. They will never go inside the property. A hack job.

The appraisal company is called Selene Appraisal. They list several addresses all over the United States. I checked the addresses out, all are empty store fronts. And they have no license in any of the states or at the addresses given. It's a scam.

After you pay, who ever receives the money, will split the money received with the fake lender. THIS IS THE SCAM!

The fake lender will never approve a loan, the appraiser will delay the reports, the fake lender will make so many promises, so many excuses about the delays. The it's under review BS story.

This scam is producing at least $100,000 a month, It's going on nation wide.

Stay away from this scam. You will NOT get a loan, you will be scammed!

There is NO lender, NO private investors, it's all FRAUD!

Google them, they have a few fake reviews, look at the dates. Their LLC filing is very new in California. But they are telling everyone they have been a lender for years. The appraisal office said they have been using this guy for over 2 years. But was under another name.

Google all the phone numbers, nothing comes up. Run a deep search, nothing. Run ChartGPT, it pulls nothing.

I have notified and filed a report with the FBI

I have filed a full report with the California States Attorney General Office.

I was told they have an open investigation into these people already.

This could have been prevented by looking for an NMLS license. Although some private lenders are not required to have one, you should ALWAYS work with one that does have an active NMLS license. They have to follow stricter requirements and there is more recourse, even in a business purpose loan.
Kiavi, Lime One, etc.. all have active NMLS licenses even though they do not originate any consumer purpose loans.
Reviews can be created, LLCs can be opened up quickly, however a license requires time, background checks, and compliance.

In addition CA requires either a RE brokers license a MLO license with NMLS registration or a consumer finance license.. U must have one of these to loan money.. Majority of states non owner occ loans need no license.. so while its great to check does not mean unless they are in the 12 to 14 states that require licenses that they are doing thing without a license.

mortgage fraud scams have been going on ever since there were mortgages :) my Dad would point them out to me in the late 60s..

That's very true. But at the end of the day there are thousands of hard money lenders that lend nationwide, that DO require a license to originate. I would rather prefer to work with a lender that does have a license, even in a state that is not required, than one that does not have anything at all.
It's just an extra precaution.

no argument from me as a Mortgage Banker and NMLS registered ( although I let my ORegon license expire as I dont need it anymore .. but still have my CA Brokers license which is good for making CA HML.. spent over 25 years as a licensee MLO and have been lending in CA since the 80s with my CA Brokers license.. However it is state to state so just making that point.

we are licensed in states we need to be licensed in, but not those you do not need one because
1. It is expensive
2. They will audit you and audits are not cheap
From a business standpoint, does not make sense to spend $3-$5k per state that does not need a license in. States that do like CA, NV, AZ, ND, SD etc. then you need one.
Most private lenders that are legit will get one for california or AZ because most do a lot of business there, so they necessarily do not need a license in that state you are in, but having a NMLS license is a good sign they are legit.

Being a mortgage banker and very first adoptor of NMLS so 20 plus years at it.. what got me was the mortgage call report and the NMLS website that was so stinkin hard to use.. I had to call the help line everytime and it took me over 2 hours to update it.. The call report you have to post all your inquiries all your turn downs all the loans you funded what type of loans etc etc.. the larger lenders have a full time employee that takes care of that most MLO's have no clue about it when they work for the big companies.
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JLH Capital Partners51 Review
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1 Reply

Camlie R Bella

OP

Lender · St Petersburg, FL · Member since 2023 · 15 posts · 3 votes

10mo

Great information

0 Reply

Camlie R Bella

OP

Lender · St Petersburg, FL · Member since 2023 · 15 posts · 3 votes

10mo

This is already been turned over to the FBI and the AG in California

0 Reply

Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
10mo
Quote from @Camlie R Bella:

This is already been turned over to the FBI and the AG in California

I would include the department of RE as they regulate HMLs as well.

Also the one think is amazing is the fraudsters that get the borrower to pay thousands for PMI on one of these loans.. as we all know there is NO PMI on these loans. Just a straight fraud rip off
Podcast Guest on Show #222
JLH Capital Partners51 Review
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1 Reply

Fraud Lender, Fake Appraisal Scam

Fraud Lender, Fake Appraisal Scam

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