Legacy Liaisons Funding Group

4/20/2020
To: Revdex.com - Case #XXXXXX
The Complainant has issued a meritless, baseless and false account of the facts of this encounter, and as you will plainly see from my response, this complaint lacks standing, lacks bad faith, lacks ill intent, lacks all rationale, and is at best a severe and frivolous case of misplaced angst, as the facts below will show.
I occasionally run Ads on Craigslist to boost my mortgage loan origination business platform through my marketing entity, Legacy Liaisons Funding Group, which facilitates real estate financing. (I have attached an example of said Ad). The Complainant answered said Ad via a telephone call to me. Upon this initial telephone conversation, I immediately disqualified the complainant within 5 minutes of the conversation as a viable and qualified borrower for the purposes of his call. His call was to attempt to acquire financing for a Lease/Option Purchase of the Commercial building he was/is currently occupying and conducting business. The reason he was quickly disqualified was the Complainant had little to no money for a down payment and for closing costs for the purchase. By his own admission he also had very bad credit. These 2 disclosed factors of lack of sufficient funds and bad credit would not allow the Complainant to qualify for any type of Conventional or Non Conventional financing, as based on the purchase price disclosed, *** he would need Hundreds of thousands of dollars to represent a 25% - 30% down payment, *** to *** which he did not have. My recollection was that he said he only had *** with no access to additional funds. In the real estate financing industry this is a Hard Stop. I can't help you if you can't help yourself. This was immediately and undeniably communicated to the Complainant.
There was/is no Loan Application completed or taken, (which would have solidified a working agreement and/or relationship), there was/is no agreement for me to work on his behalf, there was/is no contract that references any relationship between the 2 of us. Quite frankly, NOTHING that binds us together to move forward in ANY legal, any professional, any business or any legitimate capacity. NOTHING to show or to solidify an agreement for me to attempt to secure financing for his Lease/Purchase Option, or any other official capacity.
This brief conversation quickly shifted to my recollection of a past conversation with a former contact from some many months ago, potentially a year ago at this point, who also had approached me via a response to one of my Craigslist Ads, who also, like the complainant was in the cannabis business. (A business by the way, that I have absolutely NO knowledge or expertise in, and quite frankly NO DESIRE in). The complainant was very eager, very adamant and very excited to explore such an introduction and the possibilities of a Joint Venture between the 2 of them. The Complainant encouraged me to reach out to the individual on his behalf. So, in an effort to assist the complainant, and at his behest, I introduced the 2 of them via an introductory phone call. My initial and my only involvement from this point was as a middle man simply relaying and forwarding emails back and forth between the 2 parties.
The conversations and emails between those 2 parties turned into a subsequent meeting between the 2 of them, however, just prior to this meeting I was told that The Complainants "team" was in the process of Vetting the entity's business dealings and individual background check, and that they were extremely concerned and unhappy with some of the negative issues and negative findings that they had discovered. I told him and his team what I knew about the source only from previous conversations with the source, and I was quickly removed from the "middle" so to speak, and the 2 entities proceeded on without me. I must add here, that the Complainant AND his team independently and voluntarily proceeded forward with full and complete knowledge of the Vetted Findings by his own team, as he is the one who shared these findings with me. Findings unbeknownst to me prior to this point. From that point on I was not privy to ANYTHING related to ANY business dealings, any negotiations, any contracts, any offers to purchase, any exchanging of any agreements or the exchanging of ANY amounts of monies, any conversations or any agreements to any amounts of monies to be borrowed, to be paid and / or given by either party, or any participation to any subsequent in person face to face meetings or phone conversations. Plain and simply OUT of the picture, out of the middle, with ZERO involvement.
The complainant mentioned I did not Vet the source. No, I did not Vet the source. I also did not Vet the Complainant. I'm not in the Vetting Business. I simply introduced 2 people who might potentially have an opportunity to mutually benefit financially. Neither of whom by the way ever became actual Clients of mine. This was made clear to the complainant, that this was outside of the purview of my expertise, (Cannabis and Real Estate Sales), and I was simply making an introduction, as he insisted. Now had this been TRADITIONAL real estate financing, my expertise, YES, All of my Lenders and Investors that I use and have access to, are Vetted and are Legitimate. My clients are also vetted at the point of actually becoming real estate financing clients via; a loan application, a credit pull, mortgage statements, appraisals, and financial statements, etc. This matter in question, does not fall into this category. *(And again, the Vetting was already accomplished and completed by his team, per the Complainants own mouth)
The Complainant also mentions I presented and negotiated an Investment Proposal for the purposes of purchasing the building he was occupying. This is False. I have negotiated No such proposal, there is No such contract negotiated by me, there was No such detailed involvement on my part in this entire matter, other than an introduction. Furthermore, to negotiate a purchase contract, I would have needed to have a conversation with the Owner. (I have No knowledge of who the owner is, and I've had No conversations with Him or Her.) The Complainant also mentioned that I am not a Broker, (I am NOT a Broker, and I have never misrepresented myself as such), because I'm NOT. I am a Licensed NMLS Mortgage Loan Originator with 32 years of real estate finance experience and would not do anything to jeopardize my livelihood and my ability to provide for my family.
In closing, as a veteran of 32 years in real estate finance, I have never had a complaint. I implore you to ensure that this misplaced angst and attempt to go after anyone and everyone without merit or self responsibility of the Complainants OWN actions will deflect away from me, and will be redirected and centered around the only sensible course of action, The person/person's/entity, to whom the Complainant actually gave his money to. THE SAME PERSON/ENTITY that he and his team "Vetted". The same "Vettting" that came back to "them" negatively, unbecoming, and full of illegalities, per the Complainants own mentioning.
If I were a Doctor and I introduced 2 of my patients, If I were an Auto Mechanic and 2 of my patrons met at my auto shop, If I owned a restaurant and I introduced 2 of the people dinning with me at my restaurant that day, If I were a Realtor and 2 people attending my Open House met there, If I owned a CPA firm and I introduced 2 people in the lobby of my office, . . .
Well, I AM a Mortgage Loan Originator, I secure "Mortgage Financing", I am Not a Broker, I do not negotiate or write real estate contracts to purchase real estate, and I merely introduced 2 very distant to me, responders to my Craigslist Ad to one another.
The Vetting by the Complainant had obviously taken place WITHOUT me and Unbeknownst to me, The Negotiations and the Finalization of the financial terms and the terms of the partnership and the joint relationship were made WITHOUT me, the agreed upon Purchase Price had obviously taken place WITHOUT me and Unbeknownst to me, the "signed" Contracts, the opening of Escrow, the escrow deposit had obviously taken place WITHOUT me and Unbeknownst to me, the Negotiations of the *** and the amounts of *** the upfront deposit, the amount of the upfront deposit, other details, etc. had obviously taken place WITHOUT me, the exchange or delivery of monies, when the money was to be exchanged or delivered, where to be exchanged or delivered, and how much to be exchanged or delivered had obviously taken place WITHOUT me and Unbeknownst to me, so why am I NOW involved when this venture has obviously soured?. The 2 parties in question formed a Partnership of sorts, came to an agreement of sorts, facilitated a closing of a deal of sorts, INDEPENDENTLY, AND in Good Faith with one another. WITHOUT ME & INDEPENDENT of ME.
Sincerely,
***,
Legacy Liaiso