Complain about a product or service

Great Midwest Home Buyers

Christopher of Schererville, IN October 10, 2006

Met w/ Mr. T 09/03 (after checking him out with BBB and looking at website, all back then was ok) our home was 100% financed and we had to move out of state for work...he promised to make 1st mortgage payments in a timely manner and we were to make 2nd mortgage payments, he will get a renter in who will rent to own from him and within 5 years the property will be sold or he will take over both mortgages. He assured me he will do everything in his power to sell property as that is how he makes money and all I had to do was turn over the keys and walk away, he had it all under control and would act in our behalf with the house in a trust.

We met with his lawyers in the closing (Mr. T did not appear) and were given forms to sign we did not understand and upon questioning his lawyer told us Whatever Benny told you is all in there I'm just here to get signatures. After much insistence that the 5-year clause was not in there only then did he call Benny and write it in, any other questions he became agitated and said it was between Benny and us but he was sure it was all ok.. This was 10/03.

First signs of trouble was 01/04 payments not made on time (after the date of 1/14 but before 1/31), Benny assured us it was just a one time occurance and will never happen again and made payment. Happened again 02/04. We receive a Demand for Posession notice in March from a lawyer group saying the association payments were not made (although we had in writing saying it would be). After many calls and emails Benny paid partially in 04/04 and not until June 04 did he make complete payment.

He was after that, timely in his payments (late but not going past 30 days) until 12/05. After refusing to return our calls we contacted a lawyer 02/06 who told us the contract was essentially illegal, after sending letters saying to pay and racking up over 500 in legal fees for this Benny now went 60 days past due 06/06-08/06. We turned him in to the BBB and Benny has refused to reply to them as well, and in retaliation did not make the 09/06 and 10/06 mortgage payments and here we are today.

In speaking with the renter, Leo, he said he makes his payments to Benny on time and in full. Benny failed to act on our behalf as we were never late with our mortgage before dealings with him, we cannot take equity out of the home to catch up according to Benny as the house is his but still in our name (?), and the renter is defrauded since he made payments to Benny and they did not go to the mortgage so if the bank forecloses the renter is out on the street. I do not know what agreement Benny has with the renter as far as security deposists go but I am sure he won't pay it back to him since he won't even make a payment to keep the renter in the property. Benny refuses to return our calls as well, our emails, my lawyer's calls, the BBB of Chicago's calls. We and the renter were mislead and defrauded by Mr. T.

Personal credit ruined, higher intrest rates on credit cards as result of his not paying mortgage on time, foreclosure notices, third party renter made payments to a ghost being defrauded as well.

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