Can You Spot the Scam?

Posted June 4th, 2008 by Joe Kaiser

Yeah, we screwed them over, and good.

Dear Rob,

I’ve sent Jim a link to the Partnership Deal closing we did way back in 2003 or 04.

In fact, I’ll post it here so we can all take a look.

Get the Flash Player to see this content.

I thought as long as it’s up we might all play, “Spot the Scam,” and unless I miss my guess, AAG Jim Sugarman will be the winner, hands-down.


Screwed

Let’s all take a few minutes and see how I’ve totally screwed these poor folks over by tricking them into signing a deal that’s completely unfair and deceptive . . . at least in Jim’s opinion.

In our client’s opinion?

. . . the three year deal works out perfectly for us.Foreclosure Rescued Partners

In mine?

A great deal for all of us (as are all the deals we do).


A loan? Not for Profit?

The argument we hear from your office, Rob, is that these folks think all I did was make them a loan.

Did you hear any talk of me making a loan?

Of course not.

And you allege we pretend we’re giving away our services for free, and folks are somehow mislead.

Did it sound to you like we offered anything other than a paid service (and not a cheap one at that)?


Offer – Acceptance

We made a proposal – we’ll save your home, pay the arrears, and own a 50% interest in the property for having done so. And they, deciding our proposal “works out perfectly,” accepted.

Offer – Acceptance . . . what an innovative concept.

They weren’t mislead or tricked or confused, and they weren’t denied a chance to read the paperwork or consult an attorney or anything else you accuse me of. And they sure weren’t pressured into signing.

What they were, Rob, was delighted we could help them save their home from foreclosure.


The Pudding

And now, some four or five years later, how did things go?

Exactly as planned, of course.

Today, they’re in their home with the house having more than doubled in value.

And had we not partnered up and they somehow managed to save it on their own, it’s likely they’d have lost it in the intervening years (lots can happen, and did, while we’re involved).

Luckily for them, we were around to help them through a tough time or two.

Yeah, we screwed them over, Rob, and good.

In the arena,

Joe


4 Responses to: “Can You Spot the Scam?”

  1. Loya responds:
    Posted: June 4th, 2008 at 10:24 am

    Yeah, I spotted the scam………..It was on KOMO NEWS the other night(and most nights). AND when they asked the AG’s Office if they were investigating it, the AG’s Office had “no response.” Some company was ripping off many people for thousands of dollars and the AG’s Office had “no response” to the question from the media if it was investigating????

    I guess they are too busy with you Joe, the one company that does what it says and delivers on its promises…… The costs to taxpayers are being ignored and the true scammers are not getting the attention they deserve………What do we gain from the AG’s investigation on you……….except costs…..Someone needs to do a cost verses rewards study on this one…………………you think???!!!???!!!

  2. DaveD responds:
    Posted: June 4th, 2008 at 12:40 pm

    Let’s say instead had they called Rob to “seek counseling and advice”… what exactly would HE have told them? Or done for them? Would they still have their house today, without your rescue?

    Not a chance.

  3. Bruce responds:
    Posted: June 5th, 2008 at 9:02 pm

    Obviously the people in your state AG’s office are idiots.

    They compare real life tough situations to ‘Perfect Fantasy Situations’ and real life comes up short — who’d a thunk?

    The AG folks (being unschooled in this business) prefer to think (make that ‘fantasize’) that with a little free government counseling, the homeowner will miraculously find a low interest-no -qualify loan (with their now crappy credit) from dead relatives at the last possible minute that will bring the mortgage current and save them from the ….(drum roll) ………’Evil Investor.’

    Your solution Joe, as explained in the video, makes perfect sense to an OBJECTIVE PERSON WHO FULLY GRASPS THE TRUE PENDING EVENT.

    Unless these homeowners win the Washington State Lottery these nice folks will lose their house and be out on the street ‘Friday.’

    Unfortunately, their are no Objective Informed Staff in the State AG’s Office…..only attention-seeking, career boosting, anti-business types who must feel they need a scalp more than anything else. ——The Facts Be Damned!

  4. Joe Kaiser responds:
    Posted: June 6th, 2008 at 8:06 am

    Now, that’s a good comment.


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