GARNACO anyone done or doing business with

[Anne Jenkins]

HI all,   I am posting on this thread thinking some of you may be lending money on first lien mortgages and wondering if anyone has done 

business with Garnaco?  If so would like to talk especially if you have outstanding notes. 

Anne Jenkins 

[Sarah Hessinger-Derryberry]

Hi @Anne Jenkins,

I currently have three outstanding loans with Garnaco and stopped receiving payment on them over a year ago. Two of the notes have already matured and I did not receive the balloon payment as the security instrument dictated. I am currently pursuing foreclosure on all three of the properties. The owner ceased communication back in March, and before that, communication was sporadic and the owner was very difficult to get ahold of for updates. I am not sure what the exact circumstances were that led to this on their end, but I would definitely NOT recommend doing business with them.