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For those of you looking for the "Fraud Alert" post...

By
Mortgage and Lending with David Doerr Mortgage Team @ Axia Home Loans NMLS# 103555

The generous host of this blog, Active Rain, has given me the option of editing the comments, or not reposting the entire post, due to contact from a yet to be named source.  I do not have the time to go through 1200 comments and decide what needs to stay or go.

I will once again re-itterate that you should use your 700+ credit score wisely, the state of Utah has recently passed, and signed into law, laws specifiacally prohibiting "borrowing" someones credit score to purchase property. No money is to change hands unless it is disclosed on a HUD1 and no money is to be wired from an account other than your own to close a transaction. There are plenty of legal ways to invest in Real Estate, and make a hefty profit from it, if you have any questions about whether something is legit or not, please feel free to contact me.

Please review the latest newsletter from the Utah Division of Real Estate, and see if the story at the bottom of page 14 sounds familiar. I have seen this attempted over and over, I do not know where these people learned these techniques, but they are fundamentally flawed. 

I thank everyone for their input, and I hope that I can continue to provide a place for people to vent frustrations.

Please feel free to contact me with any questions, 

Comments (3)

Anonymous
Bill

SELL OUT!!!!!  Just kidding!

 I think it's time to contact a first amendment lawyer.

Apr 16, 2008 06:43 AM
#1
Anonymous
Anonymous

It did get a little far afield.  The bad language, and physical threats, and taunting was over the top.  

I heard that both Koever and the other guy have severed subpoenas on active rain for all the IP addresses of the postes.  

The light of day never helps the ponzi, it hurts it.  I've found the best way to protect a ponzi is to keep the new money coming in so people don't get wise.  

Apr 16, 2008 11:01 AM
#2
Anonymous
Anonymous

Any update on this?

May 11, 2008 04:44 PM
#3