United Lending Partners, Inc.

Initial Business Response /* (1000, 16, 2014/10/09) */
after further review, this property wasnt sold by my company. [redacted] was representing the buyers not the sellers of the property. also see that [redacted] did not work for california realty partners at the time of the sale back...

in april.
please also take notice that the property was sold by fannie mae and the agent who sold the property had no control over who recieved the property.
I personally believe this compliant is completely bogus. my company had nothing to do with the sale of this property. see attached sheet from MLS showing who bought and sold this property.
Initial Consumer Rebuttal /* (3000, 18, 2014/10/13) */
(The consumer indicated he/she DID NOT accept the response from the business.)
I believe the deceit is continuing. This property was sold as a REO one year ago and now is up for resale without anybody living in it since it was sold rather quickly as an REO. The rep from California relators stated that her employee, Ms [redacted] was representing the buyer and working for a different company at the time of the REO sale. However, she is now working as the seller/rep with this California realtors on this same piece of property. All the more, she should understand that the buyer should have been living in the property and not flipping it, as that would be knowingly acting illegally according to REO rules.
Also, during a walkthrough of one of the open houses for this property, Ms [redacted] was heard saying to another agent that she was in on the deal. She should have never mentioned that where others could overhear her. She was excited about the "second home they were going to add to the back of the property" . These type of sales are not for agents to grab up or take part in. In fact, they should stay clear of these unless the home is having trouble selling quickly. These homes are first listed for citizens wanting to find a home they could afford to live in. I believe this was a deal too good to be true and she teamed up with a pseudo-client to be in on a deal that she should have recused herself from, once she realized that the buyer had no intention of using it as their primary residence. Again, as a veteran, I am disgusted to see this taking placing and I am more dismayed to hear that the company did not due their due diligence on this and dig deep to see if this type of activity could have even remotely taken place.
Please take another look at this case. Also, look into how the permit was obtained from the city to build a second property on same residential piece of property. This planning did not happen overnight, it had to be preplanned for a while. Please do not let this injustice to a veteran get swept under the rug. This property was not in investment status as it had no problem attracting interested buyer right away.
Here is the definition that I was given from the agent on the phone when we called to inquire on this property a year ago.
"If you are trying to buy this property, you must LIVE in it. Fannie and Freddie, and other do not want investors to buy their properties until after a specified time frame as they want people who plan to live in the properties to have first choice. Owner occupied means it's your primary residence. It means you don't call any other place "home". After the agent gave us this spiel, they proceeded to tell us that there was already an offer on the home.
Read more: http://www.city-data.com/forum/foreclosures-short-sales-reos/XXXXXXX-what-does-o...⇄ /> Thank you for your time.
Final Business Response /* (4000, 21, 2014/10/17) */
We have looked into the situation. and there are a few things that you are wrong about.
1. california realty partners had nothing to do with the previous transaction.
2. there are no set REO rules... each bank is different.
3. fannie mae chooses the highest bidder and the listing and selling agent have no control over who fannie mae chooses. its a blind auction type of bidding
4. the buyers bought this house for 702,000.00 all cash escrow closed in ten days. there were also 4 other offers on the property.
5. the only rule fannie mae has on there REO properties is you need to hold the property for over 90 days. it does not specify whether it needs to be owner occupied.
6. california realty partners has nothing to do with these complaints.... see attached documents
im sorry [redacted] missed out on this property, but unless they were willing to pay over 700k all cash no contingencies and close in 10 days they would never get the property.
if [redacted] would like to discuss more please have her call me at XXX-XXX-XXXX
Damon
Final Consumer Response /* (4200, 23, 2014/10/26) */
(The consumer indicated he/she DID NOT accept the response from the business.)
I do not accept this "strong armed" response. The original agent who sold this property told my husband and I that the sale, during the initial listing period (20 days or so)would go to the highest bidder with intentions of occupying the home. Not sure why they would have told us that, if they did not believe it and it was not true.
I believe that realtor greed often kicks in and doing the "right thing" is often trumped by making a buck. Since this agent stated that she was "in on the deal", the real question is who fraudulently signed the Owner-Occupant certification (see below) upon this home's purchase, and who knew about it as "part of the deal" Sadly, something underhanded took place here and nobody wants to admit it.
This process does not appear to be going anywhere and will not until admission of knowledge takes place. If not resolved after this last attempt, I would like to forward this complaint to the State Attorney General's office as well as the Office of Veteran's affairs or send me the contact information and I will forward.
It was expected that detailed due diligence would have taken place by the agent representing the buyers and sellers as they know the rules and they know the questions that should be asked.
Straight from Fannie MAE: Fannie Mae's innovative First Look marketing period was created to promote homeownership and contribute to neighborhood stabilization allowing homebuyers to negotiate and purchase foreclosed properties before they are made available to investors.
Details include:
First Look is typically the first 20 days a property is listed on HomePath.com (Nevada is 30 days).
Properties in the First Look period have a countdown clock on the property information page of HomePath.com displaying the days remaining to purchase.
Eligible buyers during First Look are owner occupants.
*Owner occupants are those buyers that will occupy the property as their principal residence within 60 days of closing and will maintain their occupancy for at least 1 year. Owner-occupant purchasers are required to sign an Owner Occupant Certification as a rider to the Real Estate Purchase Addendum. A buyer purchasing in the name of a trust, purchasing as a vacation/part-time residence, or purchasing so another person or relative can live in the property will typically be considered an investor and not eligible during First Look.
Investor offers submitted after the First Look period expires will be considered along with all other offers