All Forum Posts by: Ryan Snelson

@Michael Krakower,  I'm also considering putting a Mobile Home on a vacant lot.  Could you give some ballpark costs if you researched them for:

• Moving the MH (Double or Single)
• Setting up the MH (site prep, skirting etc)
• Installing septic or hooking to sewer

@Dana Yobst A lot of counties have their records online now.  Figure out which county the property is in then do a google search for xyz county clerk or xyz recorder of deeds.  Each county is set up a bit different but basically You will need to search the name of the person/entity the asset should be held in and see if they have a deed (for CFDs) and/or Assignment that has been recorded.  While you are there you can also see if any liens have been filed against them.  Feel free to message me if you need help looking it up.  Or like Chris said, ProTitleusa.com will do a basic search for you for around $100

Dean, looks like someone made that website:

http://weclosenotesanddreams.com/

Good to know.  Yes, they have always been performing.

@Sean Mcintire,  I have a couple of notes with Evergreen and have not had any issues with them.  Just curious why you say to stay away from them?

@William Thomas.  I use Texas Mortgage Capital out of San Antonio.  They only work with Texas loans, but I would definitely recommend them.  I have been using them for about 5 years now.

@Pat Jackson, Did you ever find an RMLO to help you out?  I've got a company I use in Texas that will originate the loan under their licence and then assign it to you after closing.  They only work in Texas though and I've got a property in Park Hills MO I'm trying to move.

@Jon Soucy  After Scott delivered 3/4 of the assets to me, one of the podcast people my wife had contacted reached out to her to follow up.  Scott had told this person that he had made everything right with me and there was nothing to be concerned about.  I assumed when Scott said he had "taken care" of all these judgments that he had given those investors something that in his mind made things square even if it was not really all they were promised.  But to hear that he had given you absolutely nothing and then he was willing to completely lie about it and say he had paid you back really just goes to show what type of person he really is.

Are you still in contact with him?  I don't know how much you are willing to do personally to recover your money, but it seems like Scott does still care about people hurting his online image (Zero Star ratings on his podcast and book on Amazon, Complaints with BBB, rip off report etc. )  And about not getting reported to the SEC, State Securities Board, etc, so you might try to work those angles in addition to the ones you mentioned.  And yes, I would not file a release unless he gives you 100% of what he owes you.

@Jon Soucy. When I first reached out to Scott when all this first came out he insisted that all previous judgements had been satisfied and all investors had been paid back with interest.  I figured that was probably another lie since there was not a single release of judgement recorded. Thank you for confirming that.

@Aaron Mazzrillo Your comment about being in denial really touched a nerve with me.  Maybe it is Stockholm syndrome or whatever but even today I still wonder if Scott really is trying to do the best he can to make this right. After all, he did give me something.  He is still talking to me (sometimes).

It is so easy to want to believe that Scott really is a good guy.  Especially when, as Todd points out, your other options besides sit and hope are really pretty crappy.  Scott was just on a podcast where he basically said that all the people saying negative things about him are just mudslinging trolls who have never done business with him and are jealous of his success or investors who just overreact when a deal takes a little longer then expected. Up until recently there was not all these people coming out of the woodwork warning people about Scott.  That coupled with the fact that it does often take a long time for these note deals to play out makes waiting just a bit longer seem like a pretty reasonable choice when you are in that situation.  I have to give a big thank you to @Gerry Cohen for sort of being the first to stand up and say no, I'm not going to be quiet even if it costs me.  A few people in that thread also said they had seen previous negative posts about Scott but that they were quickly taken down.  Well I guess I know why now...

Yesterday Scott emailed me and basically said he would not give me the rest of my money unless I took down this post.  Here is the entire email.  This was after I had asked him send me my share of the money that he has collected over the last 2 years:

So that's pretty much where I am.  It doesn't seem like Scott is trying to make things right or even admitting that he has done anything wrong.  He keeps acting like the only issue is that deals have taken longer to close than expected. He never addresses why he would just ignore people and never give anyone updates or payouts on loans.  For a while I just gave him the benefit of the doubt that he was too busy, but that just doesn't make sense especially when it started causing him so much damage.  Perhaps he knows he is basically just trying to run a fund selling unregistered securities posing as Joint Ventures and is trying to keep under the SEC radar.  I really don't know, but it is definitely not just deals taking longer then expected to close at this point.

He could just own it and admit he had not met his obligations to his investors and try to make it right but instead he is trying to keep people from finding out how he operates so he can bring in new unsuspecting investors to keep the machine going. What can I do? I do hope still that he will return what's legally owed to me and others. I don't fault people in the past for doing what they had to do get their money back, but I have had so many people reach out to me who have invested with Scott with their retirement money and are so distraught that they could be loosing it.  It makes me sick.