When I filed my initial complaint with REMAX of Indiana, Jonathan Nicholas had the following designations: NAR, CRB, CRS, and GRI.
As I mentioned earlier, my initial complaint included documentation of Loan Steering and Predatory Lending. Likewise, I informed Jonathan that Scott Veerkamp removed my property from the MLS without my permission.
Please review this important information:
1. Jonathan Nicholas refused to meet with me and discuss my experience with the REMAX Central Sting Operation. 2. Scott Veerkamp made approximately $26,000 on a $120,000 property with a "land contract scam." 3. Scott refused to conduct an open house on this property. 4. Scott lived "one block down the street" from this property. 5. Jonathan Nicholas presented Scott Veerkamp with a "Lifetime Achievement Award" for misrepresenting the value of this property and stealing my money. 6. Scott used the award to recognize himself with another advertisement in Christian Phone Book. 7. Apparently, this is supposed to be an example of how to "protect and promote the interest of your client." 8. In reality, this felt like a "mafia hit" on behalf of the REMAX organization. 9. This "mafia hit" included the following components: A. Loan Steering B. Predatory Lending C. Inflated property value D. Land contract with a "due on sale" clause. E. $26,000 "heist" for Scott Veerkamp...
REMAX agent David Bickell was the President of the Metropolitan Indianapolis Board of Realtors (local association) in 2008. Likewise, REMAX agent Gaylord was the President of the National Association of Realtors in 2008. Clearly, there is a "pattern of deception" emerging with REMAX, NAR, and Loan Steering.
Please take time to review this example of Scott Veerkamp's deception: "You can trust our Realtors to always keep your interest first and foremost."
Loan 1: (Property value $150,000) A. $4,799 yield spread premium B. $500 processing fee C. $250 document preparation fee D. $50 courier fee E. $35 electronic filing fee F. $425 administration fee (lender fee)
Loan 2: (Property value $120,000) A. $1,440 yield spread premium B. $960 application fee C. $1,920 in "discount points" (paid to Scott Veerkamp) D. $409 administration fee (lender fee) E. $150 underwriting fee (lender fee)
Warning Letter to Scott Veerkamp:
http://jmb27.posterous.com/warning-letter-to-scott-veerkamp-from-the-off
NAR: "How To Avoid Predatory Lending"
http://www.realtor.org/home_buyers_and_sellers/how_to_avoid_predatory_lending
The Center For Responsible Lending:
http://www.responsiblelending.org/mortgage-lending/research-analysis/ib-ysp-110507-final.pdf
CRL and Equity Theft:
http://www.responsiblelending.org/mortgage-lending/tools-resources/ib011-YSP_Equity_Theft-0604.pdf
Jeff Merkley and Yield Spread Premium:
http://merkley.senate.gov/newsroom/press/release/?id=A09C6A80-537A-4EB1-83C5-31925F046B6F