TorteDeForm

Kia Franklin

More predatory lending lawsuits…

Atlanta might join the ranks of cities (from Birmingham to Cleveland) and states (from California to Tennessee) suing over predatory lending practices. Here's what an attorney from Atlanta Legal Aid Society had to say about that:

“The [lenders] offered loans to people who could not pay and they knew that,” said Brennan, program director for the Atlanta Legal Aid Society. “The city’s tax base eroded tremendously. Now, [the lenders] are getting the bailouts and the cities are holding the bag.”

State Sen. Vincent Fort (D-Atlanta) said the City Council should have acted sooner, noting the city has business relationships with several major banks.

“What they ought to do is call in these companies and read them the riot act,” said Fort, who has been vocal against predatory lending and subprime lenders. “[The council] fiddled while Rome burned. People have been foreclosed on and evicted over the last year and [the city has] done nothing.”

And because scandal often just opens the door for even more scandal, the predatory lending that contributed to the foreclosure crisis has made room for foreclosure rescue scams. Massachusetts AG Martha Coakley is cracking down on this by suing four companies for allegedly targeting people facing foreclosure and swindling ridiculous up front fees from them:

Coakley filed suit in Suffolk Superior Court against Florida-based Loan Modification Group Corp. and Mitigation LLC, as well as the companies' principal, Daniel H. Fox, and its website operator, Chris Fuelling.

Coakley said they allegedly preyed upon Massachusetts residents facing foreclosure.

..."Our office has seen an emergence of scams that prey upon Massachusetts residents on the verge of foreclosure," she said.

Coakley's office alleges the defendants offered to help homeowners negotiate loan modifications in return for up-front fees of as much as $2,000.

The complaint claims their practices were "unfair and deceptive" because they solicited fees in advance of services and failed to disclose details of what they would provide.

"Foreclosure scam" scammers swindling the already-swindled? That's a new level of dirty. Lining up ridiculously risky loans, then lining right back up for some bailout money? That double dipping is more disgusting than the guy who bites his carrot and then sticks it back in the bowl of ranch. Yuck. Clean it up. Or you fully deserve to get cleaned out.

Kia Franklin: Author Bio | Other Posts
Posted at 7:07 PM, Apr 08, 2009 in Attorneys General | Predatory Lending
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Comments

I think it would be very hard to be a scandalous as the brokers and lenders that took stated loan applications without bothering to ask for recent pay stubs to validate the amount of income "stated" on the application, OR to check the account numbers of the "Savings" stated on the application.

Every Loan application I have seen is riddled with Fraud, and the borrower who may have signed it, signed it in most cases without knowing fraud was being committed.

Why aren't the lenders held accountable for not validating these loans, which created a wave of buyers, creating a bubble in the market which encouraged qualified buyers to re-finance and pull money out of their bubble equity and were sold into an option arm that is now problematic due to the implosion of the housing market.

Good time to buy a house at auction or to acquire a note if you happen to have a bunch of cash coming in, oh say from Interest only loans that you sold to unqualified buyers who are trying to keep the home that you swindled them into.

Class Action Against the Lenders, Stop giving them TARP Funds, Let them fail.

Posted by: Glenn Brown | April 16, 2009 3:18 PM

Does anyone have a list of predatory lending laws by state? The best I could find was this and it is fairly incomplete:

http://www.bankapedia.com/mortgage-encyclopedia/state-mortgage-laws

Posted by: dantan | June 6, 2009 3:46 PM

Does anyone know of a list of past and current mortgage class action and attorney general suits on behalf of borrowers?

Posted by: RONALD RYAN | August 31, 2009 2:06 PM

Dear Sir,
Can you help us expose these companies and their principles? I am reaching 60 yrs old this Febuary with 4 young kids still at home, we could use some help and possibly prevent them from ever doing this again to anyone. Sincerely, Ray and Dorothy Shelton
Linear Capital, America's Mortgage Broker's Llc, Dale group
324 North Dale Mabry Hwy
Tampa Florida 333609
United States of America
Phone: 813-289-0154
Web Address:


Category: Attorney Generals


Submitted: Monday, December 21, 2009
Posted: Monday, December 21, 2009


COMPLAINTS FILED IN HILLSBOROUGH COUNTY, FLORIDA CIVIL DIVISION CASE # 09 13757


PART OF COUNT II & COUNT III


CRIMINAL USURY,


CIVIL CONSPIRACY,


ILLEGAL LOANS, MISAPPROPRIATED ASSETS, ETC ETC.


UNATHORIZED REAL ESTATE PURCHASES AND SALES,


ESTIMATES BY CONSPRIATORS IS 4.5 MILLION.



WAITING FOR RESPONCE FROM SEVERAL


STATE AND FEDERAL LAW ENFORCMENT AGENCYS


NEW COMPAINTS COMING AGAINST MORE PARTIES INVOLVED.
Amanda Sigler Realty of Dunnellon Florida
How was this woman involved? How much did she gain?



Predatory lenders or Rescue Scamers?


Barry Silber, Jim Marks, Suzanne Marks.


Linear Capital, America's Mortgage Brokers LLC.


Affordable Home Funding, The title Team


Dale Group of Tampa Fl


Amanda Sigler Realty, Dunnellon Fl



324 N. Dale Mabry Hwy
Tampa Florida 33609
United States of America
Phone: 813 514 6200
Web Address:

Category: Was this ORGANIZED CRIME?


NEWS MEDIA TAKE NOTICE... HELP US EXPOSE HOW WE WERE CONNED BY A FAMILY OF PREDATORY LENDERS OUT OF TAMPA FLORIDA

To Whom it may concern,

It is our hope that one of you will investigate and expose these people and their companies. We have filed a lawsuit ( case # 09 13757 division H ) in circuit court Hillsborogh County, Florida. against some of them for Usury and other issues. My attorney thinks they might have violated some RICO statutes if they got more then 45% interest. I think its could be as high as 300%. Please read or story and help us stop them from ever doing this again.

Category: Predatory Lending Bait-and-Switch Equity Stripping Rescue Scamers

Why Should you Read this story and avoid these PEOPLE and their companies?

Re: Barry Silber, Jim Marks, Suzanne Marks, Amanda Sigler


Here is a comment worthy of note which I found trolling the comments on my blog: Remember if you are dealing with an unscrupulous licensed professional (attorney, mortgage broker, etc.) you can file a grievance with the licensing agency who will investigate, prosecute if necessary, and possibly require restitution.
Comment: [Editor’s Note: If con men looked like crooks they wouldn't’ get anywhere. They always ingratiate themselves and seem like good people interested in helping. They intentionally do not appear to be much different from legitimate lawyers, auditors, debt counseling etc. A
Warning to others having Mortgage problems:


Our family was having some problems with our mortgage, we got behind and were facing a potential foreclosure. We got a lot of the typical rescue mailers telling us that we had the plenty of equity and not to worry. We knew this and we only needed 20 to 50 thousand dollars to bring the loan current. Plus we knew that our family would loan us the money if we needed it, they would sell just one property that would pay off part of our loan at any time. That seemed simple enough,

NOW LET THE BARRY SILBER, JIM MARKS NIGHTMARE BEGIN…

We were approached by a kind broker / lender named Jim Marks out of Tampa Florida who said he could rescue us from a foreclosure and the rates would be very low because we had so much equity in our waterfront home. He said he could find us plenty of money. We were very clear to him that we did not have the income to do any major loan an we only needed a small amount.


THE SCAM: Seeing that we had a lot of equity, Marks gained our trust via some acts of kindness and eventually befriends our family, He showed great concern for our financial problem and found various ways to come to our home. He had lunch many times in our home and invited me out to lunch as his guest many times. He also worked his way into using our boats and waterfront property. He went snorkeling and diving on our boat with his family and we felt that he had a nice family and was sincere. After a while I shared some of our families information regarding investments that had been made. Jim Marks was very interested and wanted to see all the waterfront and residential properties my family had invested in, he also brought out investors to see what we had, later we found out that the investors were his own relatives (Barry Silber the lawyer / hard money lender with LINEAR CAPITIAL of Tampa ). Was Silber directing Marks? Was Marks the front man for either Silber or Linear?


The investor Barry Silber came to our home invited by Marks and talk about a long term Joint Venture and wanted to know if any of my friends had good deals on waterfront properties, I fell for all of it like a sucker and provide what they needed, Silber disappears for a long time but some how comes back as the hard money lender but we did not know that he was Marks relative. Marks is now telling us that we can get any loan from anyone except Silber. I think this is against the law because marks was steering us right into the hands of his relative, Did marks get kickbacks or other profits? Marks got 50% of the corp and many fees after flipping our loans. We shall See about that later during discovery.


I believe that Marks only assisted Barry Silber as a front man who looked for the elderly who had good equity but had problems with a foreclosure. Did Marks and Silber work as a team and structured a deal putting everything into the [deal?] that we already owned, We now believe that everything in the scam was planned from day one Marks even created a corporation for our family. We had no idea what Marks was doing with the company and can only guess that as a JV partner Marks took 50% and gave us 50%, Marks took complete control of everything, sold many lots we had, used the money for other purchases, took out loans without approval from our family. Were Marks and Silber having regular meeting on how to extract more from our family?

Our family was about to sell three of our waterfront lots and an investment home, that would have brought in aprox $300.000.00. Jim Marks said don't do it, put it in the JV and we will do much better later with him in control. So we trusted Marks with everything including the check book. We thought he was our friend and would managed and protect us but boy were we dead wrong.

HOW WAS AMANDA SIGLER INVOLVED? Was Amanda Sigler (a local real estate agent) feeding Jim Marks our personal information as she to befriended our family? Did she assist in taking personal property from an investment property without due process. The plan may have been set up from the very beginning to get control of everything we had. How much did Amanda gain? It is clear now that because we were elderly and easily conned and we had a big target on our backs called equity. We were steered by Mr Marks right into what I now believe was nothing more than family of Predatory Lenders.

They tricked me and my family by saying that they could rescue us from a foreclosure but all we got was more flipped loans, prepayment penalties, fees, and high interest rates. All designed to extract equity and get control of our lives. They eventually forced us into a foreclosures, but always stood by with another big loan with additional high cost in order to get them to stop their foreclosures. I think Barry had clauses in the loan agreement that took huge attorney fees if he had to foreclose. He foreclosed and we paid him, stripping more equity from our land. We were trapped.

SETTING THE TRAP: We were forced to meet after hours at their LINEAR CAPITIAL offices in TAMPA to sign more rushed document that we did not really understand. Was this a typical BAIT AND SWITCH? or was the intent to just beat us down? I am very sure that they did not want others to see what they were doing so they had to get us in after hours. (e.s.) We had many questions as documents are being brought to us for signing but Jim Marks was always standing right by our side saying don't worry I got your back and would never let you sign anything that would hurt you or your family. Document were changed for hours by the lawyer/ lender Barry Silber as he re-did document, was this the bait and switch? We were taken out of the room several times and were brought back in when new doc were ready for us to sign. Please note that these two men owned one or more of the Title Company, The Real Estate Company, The Mortgage company and we thought they were the attorneys for everything including the corporation that was created for us.

We did not want to sign anything but we were up against the wall and the mortgages that they gave us were all due again. They took a years worth of payments up front that night and paid themselves many fees. Now we had a new giant mortgage on our home that was due in one year it also had a rider that would take away all our rights to the JV that controlled all our Families properties if we didn't’ pay them back over $500.000.00 within that one year.

We told Marks that we can't pay this loan back and he said don't worry we will sell something in the JV to pay this off or refinance you or the corporation at better rates. We believed that the lawyer Silber would protect our family but we were dead wrong about that too. We now know that the lawyer involved was Mr Mark’s distant relative by marriage who stood to gain a great deal of money if we failed. I believe that this man Barry Silber should be disbarred and put in jail. We were set up to fail because after many months of Jim Marks infiltration into our family, they knew everything about us and our family and knew we had good equity to take.

SILBERS ETHICAL DUTY: It was Silber duty to not let this kind of thing to happen to anyone but was he after our land and equity as was Mr Marks from the very beginning? Barry Silber was also part of the company that gave us one or more of the mortgages. Before that year was up Barry Silber started foreclosure on our home and then said that they could not lend any more money. They got control of the land and the corporation (RSI LLC) via the attached default to our mortgage and started to sell everything. All our future income was now in their hands. What is astounding is that our Mortgage on our home is now over $ 1 million dollars. They sold several of our residential properties and took most of the cash without our permission. How did this happen and when will they be prosecuted?

THE SUCKERS: How did we allow some one to take all our families properties? First: We allowed Jim Marks in because he had all the answers to many problems we had and he was saving us from a foreclosure. We eventually trusted Jim Marks completely as a friend and business partner. But now we see that he was clearly working his way into our family and eventually found out every aspect of our assets and liabilities so that he could make his move and set the trap. Second: We were not very smart with our finances. Third: We were not smart enough to see the scam because we were blinded by his promises and trusted him because he said he could handle everything properly.

Now we see that they were all very smart men and we were conned over and over again into trusting a family of hard money predatory lenders who had one motivation and that was to milk us of all our equity by what ever means possible. We all feel very bad because we let this happen to our families holdings. We believe that state and federal laws have been broken AND WE HAVE BEEN IN CONTACT WITH EVERY AGENCY POSSIBLE Including our Governor SEEKING JUSTICE. FROM LOCAL LAW ENFORCEMENT TO THE UNITED STATES ATTORNEY GENERAL AND EVERYTHING IN BETWEEN. WE ARE ALSO FILING COMPLANTES WITH THE FLA BAR AND OTHER AGENCYS THAT CONTROL THE LIC OF THESE MEN IN THE HOPE THAT JUSTICE WILL BE SERVED. Law enforcement and media take notice...We would like others to give their own story about these people or like kind cases.

The KILL SHOT: This was the last statement from Mr Marks, He strongly advised us that we should quick claim our home to his wife's relatives to avoid another foreclosure. So Don't ever fall for someone trying to rescue you with a hand of friendship. Report Predatory lenders and Mortgage fraud abuse to everyone. Expose these people when found.
Put them in jail if crimes have been committed I can tell all of you that this web site has helped in several ways. Keep it going

Posted by: Ray Shelton | January 3, 2010 12:17 PM

Dear Sir,
Can you help us expose these companies and their principles? I am reaching 60 yrs old this Febuary with 4 young kids still at home, we could use some help and possibly prevent them from ever doing this again to anyone. Sincerely, Ray and Dorothy Shelton
Linear Capital, America's Mortgage Broker's Llc, Dale group
324 North Dale Mabry Hwy
Tampa Florida 333609
United States of America
Phone: 813-289-0154
Web Address:


Category: Attorney Generals


Submitted: Monday, December 21, 2009
Posted: Monday, December 21, 2009


COMPLAINTS FILED IN HILLSBOROUGH COUNTY, FLORIDA CIVIL DIVISION CASE # 09 13757


PART OF COUNT II & COUNT III


CRIMINAL USURY,


CIVIL CONSPIRACY,


ILLEGAL LOANS, MISAPPROPRIATED ASSETS, ETC ETC.


UNATHORIZED REAL ESTATE PURCHASES AND SALES,


ESTIMATES BY CONSPRIATORS IS 4.5 MILLION.



WAITING FOR RESPONCE FROM SEVERAL


STATE AND FEDERAL LAW ENFORCMENT AGENCYS


NEW COMPAINTS COMING AGAINST MORE PARTIES INVOLVED.
Amanda Sigler Realty of Dunnellon Florida
How was this woman involved? How much did she gain?



Predatory lenders or Rescue Scamers?


Barry Silber, Jim Marks, Suzanne Marks.


Linear Capital, America's Mortgage Brokers LLC.


Affordable Home Funding, The title Team


Dale Group of Tampa Fl


Amanda Sigler Realty, Dunnellon Fl



324 N. Dale Mabry Hwy
Tampa Florida 33609
United States of America
Phone: 813 514 6200
Web Address:

Category: Was this ORGANIZED CRIME?


NEWS MEDIA TAKE NOTICE... HELP US EXPOSE HOW WE WERE CONNED BY A FAMILY OF PREDATORY LENDERS OUT OF TAMPA FLORIDA

To Whom it may concern,

It is our hope that one of you will investigate and expose these people and their companies. We have filed a lawsuit ( case # 09 13757 division H ) in circuit court Hillsborogh County, Florida. against some of them for Usury and other issues. My attorney thinks they might have violated some RICO statutes if they got more then 45% interest. I think its could be as high as 300%. Please read or story and help us stop them from ever doing this again.

Category: Predatory Lending Bait-and-Switch Equity Stripping Rescue Scamers

Why Should you Read this story and avoid these PEOPLE and their companies?

Re: Barry Silber, Jim Marks, Suzanne Marks, Amanda Sigler


Here is a comment worthy of note which I found trolling the comments on my blog: Remember if you are dealing with an unscrupulous licensed professional (attorney, mortgage broker, etc.) you can file a grievance with the licensing agency who will investigate, prosecute if necessary, and possibly require restitution.
Comment: [Editor’s Note: If con men looked like crooks they wouldn't’ get anywhere. They always ingratiate themselves and seem like good people interested in helping. They intentionally do not appear to be much different from legitimate lawyers, auditors, debt counseling etc. A
Warning to others having Mortgage problems:


Our family was having some problems with our mortgage, we got behind and were facing a potential foreclosure. We got a lot of the typical rescue mailers telling us that we had the plenty of equity and not to worry. We knew this and we only needed 20 to 50 thousand dollars to bring the loan current. Plus we knew that our family would loan us the money if we needed it, they would sell just one property that would pay off part of our loan at any time. That seemed simple enough,

NOW LET THE BARRY SILBER, JIM MARKS NIGHTMARE BEGIN…

We were approached by a kind broker / lender named Jim Marks out of Tampa Florida who said he could rescue us from a foreclosure and the rates would be very low because we had so much equity in our waterfront home. He said he could find us plenty of money. We were very clear to him that we did not have the income to do any major loan an we only needed a small amount.


THE SCAM: Seeing that we had a lot of equity, Marks gained our trust via some acts of kindness and eventually befriends our family, He showed great concern for our financial problem and found various ways to come to our home. He had lunch many times in our home and invited me out to lunch as his guest many times. He also worked his way into using our boats and waterfront property. He went snorkeling and diving on our boat with his family and we felt that he had a nice family and was sincere. After a while I shared some of our families information regarding investments that had been made. Jim Marks was very interested and wanted to see all the waterfront and residential properties my family had invested in, he also brought out investors to see what we had, later we found out that the investors were his own relatives (Barry Silber the lawyer / hard money lender with LINEAR CAPITIAL of Tampa ). Was Silber directing Marks? Was Marks the front man for either Silber or Linear?


The investor Barry Silber came to our home invited by Marks and talk about a long term Joint Venture and wanted to know if any of my friends had good deals on waterfront properties, I fell for all of it like a sucker and provide what they needed, Silber disappears for a long time but some how comes back as the hard money lender but we did not know that he was Marks relative. Marks is now telling us that we can get any loan from anyone except Silber. I think this is against the law because marks was steering us right into the hands of his relative, Did marks get kickbacks or other profits? Marks got 50% of the corp and many fees after flipping our loans. We shall See about that later during discovery.


I believe that Marks only assisted Barry Silber as a front man who looked for the elderly who had good equity but had problems with a foreclosure. Did Marks and Silber work as a team and structured a deal putting everything into the [deal?] that we already owned, We now believe that everything in the scam was planned from day one Marks even created a corporation for our family. We had no idea what Marks was doing with the company and can only guess that as a JV partner Marks took 50% and gave us 50%, Marks took complete control of everything, sold many lots we had, used the money for other purchases, took out loans without approval from our family. Were Marks and Silber having regular meeting on how to extract more from our family?

Our family was about to sell three of our waterfront lots and an investment home, that would have brought in aprox $300.000.00. Jim Marks said don't do it, put it in the JV and we will do much better later with him in control. So we trusted Marks with everything including the check book. We thought he was our friend and would managed and protect us but boy were we dead wrong.

HOW WAS AMANDA SIGLER INVOLVED? Was Amanda Sigler (a local real estate agent) feeding Jim Marks our personal information as she to befriended our family? Did she assist in taking personal property from an investment property without due process. The plan may have been set up from the very beginning to get control of everything we had. How much did Amanda gain? It is clear now that because we were elderly and easily conned and we had a big target on our backs called equity. We were steered by Mr Marks right into what I now believe was nothing more than family of Predatory Lenders.

They tricked me and my family by saying that they could rescue us from a foreclosure but all we got was more flipped loans, prepayment penalties, fees, and high interest rates. All designed to extract equity and get control of our lives. They eventually forced us into a foreclosures, but always stood by with another big loan with additional high cost in order to get them to stop their foreclosures. I think Barry had clauses in the loan agreement that took huge attorney fees if he had to foreclose. He foreclosed and we paid him, stripping more equity from our land. We were trapped.

SETTING THE TRAP: We were forced to meet after hours at their LINEAR CAPITIAL offices in TAMPA to sign more rushed document that we did not really understand. Was this a typical BAIT AND SWITCH? or was the intent to just beat us down? I am very sure that they did not want others to see what they were doing so they had to get us in after hours. (e.s.) We had many questions as documents are being brought to us for signing but Jim Marks was always standing right by our side saying don't worry I got your back and would never let you sign anything that would hurt you or your family. Document were changed for hours by the lawyer/ lender Barry Silber as he re-did document, was this the bait and switch? We were taken out of the room several times and were brought back in when new doc were ready for us to sign. Please note that these two men owned one or more of the Title Company, The Real Estate Company, The Mortgage company and we thought they were the attorneys for everything including the corporation that was created for us.

We did not want to sign anything but we were up against the wall and the mortgages that they gave us were all due again. They took a years worth of payments up front that night and paid themselves many fees. Now we had a new giant mortgage on our home that was due in one year it also had a rider that would take away all our rights to the JV that controlled all our Families properties if we didn't’ pay them back over $500.000.00 within that one year.

We told Marks that we can't pay this loan back and he said don't worry we will sell something in the JV to pay this off or refinance you or the corporation at better rates. We believed that the lawyer Silber would protect our family but we were dead wrong about that too. We now know that the lawyer involved was Mr Mark’s distant relative by marriage who stood to gain a great deal of money if we failed. I believe that this man Barry Silber should be disbarred and put in jail. We were set up to fail because after many months of Jim Marks infiltration into our family, they knew everything about us and our family and knew we had good equity to take.

SILBERS ETHICAL DUTY: It was Silber duty to not let this kind of thing to happen to anyone but was he after our land and equity as was Mr Marks from the very beginning? Barry Silber was also part of the company that gave us one or more of the mortgages. Before that year was up Barry Silber started foreclosure on our home and then said that they could not lend any more money. They got control of the land and the corporation (RSI LLC) via the attached default to our mortgage and started to sell everything. All our future income was now in their hands. What is astounding is that our Mortgage on our home is now over $ 1 million dollars. They sold several of our residential properties and took most of the cash without our permission. How did this happen and when will they be prosecuted?

THE SUCKERS: How did we allow some one to take all our families properties? First: We allowed Jim Marks in because he had all the answers to many problems we had and he was saving us from a foreclosure. We eventually trusted Jim Marks completely as a friend and business partner. But now we see that he was clearly working his way into our family and eventually found out every aspect of our assets and liabilities so that he could make his move and set the trap. Second: We were not very smart with our finances. Third: We were not smart enough to see the scam because we were blinded by his promises and trusted him because he said he could handle everything properly.

Now we see that they were all very smart men and we were conned over and over again into trusting a family of hard money predatory lenders who had one motivation and that was to milk us of all our equity by what ever means possible. We all feel very bad because we let this happen to our families holdings. We believe that state and federal laws have been broken AND WE HAVE BEEN IN CONTACT WITH EVERY AGENCY POSSIBLE Including our Governor SEEKING JUSTICE. FROM LOCAL LAW ENFORCEMENT TO THE UNITED STATES ATTORNEY GENERAL AND EVERYTHING IN BETWEEN. WE ARE ALSO FILING COMPLANTES WITH THE FLA BAR AND OTHER AGENCYS THAT CONTROL THE LIC OF THESE MEN IN THE HOPE THAT JUSTICE WILL BE SERVED. Law enforcement and media take notice...We would like others to give their own story about these people or like kind cases.

The KILL SHOT: This was the last statement from Mr Marks, He strongly advised us that we should quick claim our home to his wife's relatives to avoid another foreclosure. So Don't ever fall for someone trying to rescue you with a hand of friendship. Report Predatory lenders and Mortgage fraud abuse to everyone. Expose these people when found.
Put them in jail if crimes have been committed I can tell all of you that this web site has helped in several ways. Keep it going

Posted by: Ray Shelton | January 3, 2010 12:19 PM

Dear Sir,
Can you help us expose these companies and their principles? I am reaching 60 yrs old this Febuary with 4 young kids still at home, we could use some help and possibly prevent them from ever doing this again to anyone. Sincerely, Ray and Dorothy Shelton
Linear Capital, America's Mortgage Broker's Llc, Dale group
324 North Dale Mabry Hwy
Tampa Florida 333609
United States of America
Phone: 813-289-0154
Web Address:


Category: Attorney Generals


Submitted: Monday, December 21, 2009
Posted: Monday, December 21, 2009


COMPLAINTS FILED IN HILLSBOROUGH COUNTY, FLORIDA CIVIL DIVISION CASE # 09 13757


PART OF COUNT II & COUNT III


CRIMINAL USURY,


CIVIL CONSPIRACY,


ILLEGAL LOANS, MISAPPROPRIATED ASSETS, ETC ETC.


UNATHORIZED REAL ESTATE PURCHASES AND SALES,


ESTIMATES BY CONSPRIATORS IS 4.5 MILLION.



WAITING FOR RESPONCE FROM SEVERAL


STATE AND FEDERAL LAW ENFORCMENT AGENCYS


NEW COMPAINTS COMING AGAINST MORE PARTIES INVOLVED.
Amanda Sigler Realty of Dunnellon Florida
How was this woman involved? How much did she gain?



Predatory lenders or Rescue Scamers?


Barry Silber, Jim Marks, Suzanne Marks.


Linear Capital, America's Mortgage Brokers LLC.


Affordable Home Funding, The title Team


Dale Group of Tampa Fl


Amanda Sigler Realty, Dunnellon Fl



324 N. Dale Mabry Hwy
Tampa Florida 33609
United States of America
Phone: 813 514 6200
Web Address:

Category: Was this ORGANIZED CRIME?


NEWS MEDIA TAKE NOTICE... HELP US EXPOSE HOW WE WERE CONNED BY A FAMILY OF PREDATORY LENDERS OUT OF TAMPA FLORIDA

To Whom it may concern,

It is our hope that one of you will investigate and expose these people and their companies. We have filed a lawsuit ( case # 09 13757 division H ) in circuit court Hillsborogh County, Florida. against some of them for Usury and other issues. My attorney thinks they might have violated some RICO statutes if they got more then 45% interest. I think its could be as high as 300%. Please read or story and help us stop them from ever doing this again.

Category: Predatory Lending Bait-and-Switch Equity Stripping Rescue Scamers

Why Should you Read this story and avoid these PEOPLE and their companies?

Re: Barry Silber, Jim Marks, Suzanne Marks, Amanda Sigler


Here is a comment worthy of note which I found trolling the comments on my blog: Remember if you are dealing with an unscrupulous licensed professional (attorney, mortgage broker, etc.) you can file a grievance with the licensing agency who will investigate, prosecute if necessary, and possibly require restitution.
Comment: [Editor’s Note: If con men looked like crooks they wouldn't’ get anywhere. They always ingratiate themselves and seem like good people interested in helping. They intentionally do not appear to be much different from legitimate lawyers, auditors, debt counseling etc. A
Warning to others having Mortgage problems:


Our family was having some problems with our mortgage, we got behind and were facing a potential foreclosure. We got a lot of the typical rescue mailers telling us that we had the plenty of equity and not to worry. We knew this and we only needed 20 to 50 thousand dollars to bring the loan current. Plus we knew that our family would loan us the money if we needed it, they would sell just one property that would pay off part of our loan at any time. That seemed simple enough,

NOW LET THE BARRY SILBER, JIM MARKS NIGHTMARE BEGIN…

We were approached by a kind broker / lender named Jim Marks out of Tampa Florida who said he could rescue us from a foreclosure and the rates would be very low because we had so much equity in our waterfront home. He said he could find us plenty of money. We were very clear to him that we did not have the income to do any major loan an we only needed a small amount.


THE SCAM: Seeing that we had a lot of equity, Marks gained our trust via some acts of kindness and eventually befriends our family, He showed great concern for our financial problem and found various ways to come to our home. He had lunch many times in our home and invited me out to lunch as his guest many times. He also worked his way into using our boats and waterfront property. He went snorkeling and diving on our boat with his family and we felt that he had a nice family and was sincere. After a while I shared some of our families information regarding investments that had been made. Jim Marks was very interested and wanted to see all the waterfront and residential properties my family had invested in, he also brought out investors to see what we had, later we found out that the investors were his own relatives (Barry Silber the lawyer / hard money lender with LINEAR CAPITIAL of Tampa ). Was Silber directing Marks? Was Marks the front man for either Silber or Linear?


The investor Barry Silber came to our home invited by Marks and talk about a long term Joint Venture and wanted to know if any of my friends had good deals on waterfront properties, I fell for all of it like a sucker and provide what they needed, Silber disappears for a long time but some how comes back as the hard money lender but we did not know that he was Marks relative. Marks is now telling us that we can get any loan from anyone except Silber. I think this is against the law because marks was steering us right into the hands of his relative, Did marks get kickbacks or other profits? Marks got 50% of the corp and many fees after flipping our loans. We shall See about that later during discovery.


I believe that Marks only assisted Barry Silber as a front man who looked for the elderly who had good equity but had problems with a foreclosure. Did Marks and Silber work as a team and structured a deal putting everything into the [deal?] that we already owned, We now believe that everything in the scam was planned from day one Marks even created a corporation for our family. We had no idea what Marks was doing with the company and can only guess that as a JV partner Marks took 50% and gave us 50%, Marks took complete control of everything, sold many lots we had, used the money for other purchases, took out loans without approval from our family. Were Marks and Silber having regular meeting on how to extract more from our family?

Our family was about to sell three of our waterfront lots and an investment home, that would have brought in aprox $300.000.00. Jim Marks said don't do it, put it in the JV and we will do much better later with him in control. So we trusted Marks with everything including the check book. We thought he was our friend and would managed and protect us but boy were we dead wrong.

HOW WAS AMANDA SIGLER INVOLVED? Was Amanda Sigler (a local real estate agent) feeding Jim Marks our personal information as she to befriended our family? Did she assist in taking personal property from an investment property without due process. The plan may have been set up from the very beginning to get control of everything we had. How much did Amanda gain? It is clear now that because we were elderly and easily conned and we had a big target on our backs called equity. We were steered by Mr Marks right into what I now believe was nothing more than family of Predatory Lenders.

They tricked me and my family by saying that they could rescue us from a foreclosure but all we got was more flipped loans, prepayment penalties, fees, and high interest rates. All designed to extract equity and get control of our lives. They eventually forced us into a foreclosures, but always stood by with another big loan with additional high cost in order to get them to stop their foreclosures. I think Barry had clauses in the loan agreement that took huge attorney fees if he had to foreclose. He foreclosed and we paid him, stripping more equity from our land. We were trapped.

SETTING THE TRAP: We were forced to meet after hours at their LINEAR CAPITIAL offices in TAMPA to sign more rushed document that we did not really understand. Was this a typical BAIT AND SWITCH? or was the intent to just beat us down? I am very sure that they did not want others to see what they were doing so they had to get us in after hours. (e.s.) We had many questions as documents are being brought to us for signing but Jim Marks was always standing right by our side saying don't worry I got your back and would never let you sign anything that would hurt you or your family. Document were changed for hours by the lawyer/ lender Barry Silber as he re-did document, was this the bait and switch? We were taken out of the room several times and were brought back in when new doc were ready for us to sign. Please note that these two men owned one or more of the Title Company, The Real Estate Company, The Mortgage company and we thought they were the attorneys for everything including the corporation that was created for us.

We did not want to sign anything but we were up against the wall and the mortgages that they gave us were all due again. They took a years worth of payments up front that night and paid themselves many fees. Now we had a new giant mortgage on our home that was due in one year it also had a rider that would take away all our rights to the JV that controlled all our Families properties if we didn't’ pay them back over $500.000.00 within that one year.

We told Marks that we can't pay this loan back and he said don't worry we will sell something in the JV to pay this off or refinance you or the corporation at better rates. We believed that the lawyer Silber would protect our family but we were dead wrong about that too. We now know that the lawyer involved was Mr Mark’s distant relative by marriage who stood to gain a great deal of money if we failed. I believe that this man Barry Silber should be disbarred and put in jail. We were set up to fail because after many months of Jim Marks infiltration into our family, they knew everything about us and our family and knew we had good equity to take.

SILBERS ETHICAL DUTY: It was Silber duty to not let this kind of thing to happen to anyone but was he after our land and equity as was Mr Marks from the very beginning? Barry Silber was also part of the company that gave us one or more of the mortgages. Before that year was up Barry Silber started foreclosure on our home and then said that they could not lend any more money. They got control of the land and the corporation (RSI LLC) via the attached default to our mortgage and started to sell everything. All our future income was now in their hands. What is astounding is that our Mortgage on our home is now over $ 1 million dollars. They sold several of our residential properties and took most of the cash without our permission. How did this happen and when will they be prosecuted?

THE SUCKERS: How did we allow some one to take all our families properties? First: We allowed Jim Marks in because he had all the answers to many problems we had and he was saving us from a foreclosure. We eventually trusted Jim Marks completely as a friend and business partner. But now we see that he was clearly working his way into our family and eventually found out every aspect of our assets and liabilities so that he could make his move and set the trap. Second: We were not very smart with our finances. Third: We were not smart enough to see the scam because we were blinded by his promises and trusted him because he said he could handle everything properly.

Now we see that they were all very smart men and we were conned over and over again into trusting a family of hard money predatory lenders who had one motivation and that was to milk us of all our equity by what ever means possible. We all feel very bad because we let this happen to our families holdings. We believe that state and federal laws have been broken AND WE HAVE BEEN IN CONTACT WITH EVERY AGENCY POSSIBLE Including our Governor SEEKING JUSTICE. FROM LOCAL LAW ENFORCEMENT TO THE UNITED STATES ATTORNEY GENERAL AND EVERYTHING IN BETWEEN. WE ARE ALSO FILING COMPLANTES WITH THE FLA BAR AND OTHER AGENCYS THAT CONTROL THE LIC OF THESE MEN IN THE HOPE THAT JUSTICE WILL BE SERVED. Law enforcement and media take notice...We would like others to give their own story about these people or like kind cases.

The KILL SHOT: This was the last statement from Mr Marks, He strongly advised us that we should quick claim our home to his wife's relatives to avoid another foreclosure. So Don't ever fall for someone trying to rescue you with a hand of friendship. Report Predatory lenders and Mortgage fraud abuse to everyone. Expose these people when found.
Put them in jail if crimes have been committed I can tell all of you that this web site has helped in several ways. Keep it going

Posted by: Ray Shelton | January 3, 2010 12:20 PM

Dear Sir,
You may have touched on a very sensitive subject with regards to prosecuting predatory lenders out of Tampa Fla. It goes much deeper than you think. I would like to help you with a TV documentary to expose the truth. Call me and I will brief you on why we cant get any help from even our governor in prosecuting predatory Lenders out of Tampa. They all just keep passing the buck. Please Read our story and you will see why so many families are still being preyed upon and not getting any justice evens though federal and state laws have been violated. Even Rico Charges are being over looked.

Can you help us expose these companies and their principles? I am reaching 60 yrs old this February with 4 young kids still at home, we could use some help and possibly prevent them from ever doing this again to anyone. Sincerely, Ray and Dorothy Shelton
Linear Capital, America's Mortgage Broker's Llc, Dale group
324 North Dale Mabry Hwy
Tampa Florida 333609
United States of America
Phone: 813-289-0154
Web Address:


Category: Attorney Generals


Submitted: Monday, December 21, 2009
Posted: Monday, December 21, 2009


COMPLAINTS FILED IN HILLSBOROUGH COUNTY, FLORIDA CIVIL DIVISION CASE # 09 13757


PART OF COUNT II & COUNT III


CRIMINAL USURY,


CIVIL CONSPIRACY,


ILLEGAL LOANS, MISAPPROPRIATED ASSETS, ETC ETC.


UNATHORIZED REAL ESTATE PURCHASES AND SALES,


ESTIMATES BY CONSPRIATORS IS 4.5 MILLION.



WAITING FOR RESPONCE FROM SEVERAL


STATE AND FEDERAL LAW ENFORCMENT AGENCYS


NEW COMPAINTS COMING AGAINST MORE PARTIES INVOLVED.
Amanda Sigler Realty of Dunnellon Florida
How was this woman involved? How much did she gain?



Predatory lenders or Rescue Scamers?


Barry Silber, Jim Marks, Suzanne Marks.


Linear Capital, America's Mortgage Brokers LLC.


Affordable Home Funding, The title Team


Dale Group of Tampa Fl


Amanda Sigler Realty, Dunnellon Fl



324 N. Dale Mabry Hwy
Tampa Florida 33609
United States of America
Phone: 813 514 6200
Web Address:

Category: Was this ORGANIZED CRIME?


NEWS MEDIA TAKE NOTICE... HELP US EXPOSE HOW WE WERE CONNED BY A FAMILY OF PREDATORY LENDERS OUT OF TAMPA FLORIDA

To Whom it may concern,

It is our hope that one of you will investigate and expose these people and their companies. We have filed a lawsuit ( case # 09 13757 division H ) in circuit court Hillsborogh County, Florida. against some of them for Usury and other issues. My attorney thinks they might have violated some RICO statutes if they got more then 45% interest. I think its could be as high as 300%. Please read or story and help us stop them from ever doing this again.

Category: Predatory Lending Bait-and-Switch Equity Stripping Rescue Scamers

Why Should you Read this story and avoid these PEOPLE and their companies?

Re: Barry Silber, Jim Marks, Suzanne Marks, Amanda Sigler


Here is a comment worthy of note which I found trolling the comments on my blog: Remember if you are dealing with an unscrupulous licensed professional (attorney, mortgage broker, etc.) you can file a grievance with the licensing agency who will investigate, prosecute if necessary, and possibly require restitution.
Comment: [Editor’s Note: If con men looked like crooks they wouldn't’ get anywhere. They always ingratiate themselves and seem like good people interested in helping. They intentionally do not appear to be much different from legitimate lawyers, auditors, debt counseling etc. A
Warning to others having Mortgage problems:


Our family was having some problems with our mortgage, we got behind and were facing a potential foreclosure. We got a lot of the typical rescue mailers telling us that we had the plenty of equity and not to worry. We knew this and we only needed 20 to 50 thousand dollars to bring the loan current. Plus we knew that our family would loan us the money if we needed it, they would sell just one property that would pay off part of our loan at any time. That seemed simple enough,

NOW LET THE BARRY SILBER, JIM MARKS NIGHTMARE BEGIN…

We were approached by a kind broker / lender named Jim Marks out of Tampa Florida who said he could rescue us from a foreclosure and the rates would be very low because we had so much equity in our waterfront home. He said he could find us plenty of money. We were very clear to him that we did not have the income to do any major loan an we only needed a small amount.


THE SCAM: Seeing that we had a lot of equity, Marks gained our trust via some acts of kindness and eventually befriends our family, He showed great concern for our financial problem and found various ways to come to our home. He had lunch many times in our home and invited me out to lunch as his guest many times. He also worked his way into using our boats and waterfront property. He went snorkeling and diving on our boat with his family and we felt that he had a nice family and was sincere. After a while I shared some of our families information regarding investments that had been made. Jim Marks was very interested and wanted to see all the waterfront and residential properties my family had invested in, he also brought out investors to see what we had, later we found out that the investors were his own relatives (Barry Silber the lawyer / hard money lender with LINEAR CAPITIAL of Tampa ). Was Silber directing Marks? Was Marks the front man for either Silber or Linear?


The investor Barry Silber came to our home invited by Marks and talk about a long term Joint Venture and wanted to know if any of my friends had good deals on waterfront properties, I fell for all of it like a sucker and provide what they needed, Silber disappears for a long time but some how comes back as the hard money lender but we did not know that he was Marks relative. Marks is now telling us that we can get any loan from anyone except Silber. I think this is against the law because marks was steering us right into the hands of his relative, Did marks get kickbacks or other profits? Marks got 50% of the corp and many fees after flipping our loans. We shall See about that later during discovery.


I believe that Marks only assisted Barry Silber as a front man who looked for the elderly who had good equity but had problems with a foreclosure. Did Marks and Silber work as a team and structured a deal putting everything into the [deal?] that we already owned, We now believe that everything in the scam was planned from day one Marks even created a corporation for our family. We had no idea what Marks was doing with the company and can only guess that as a JV partner Marks took 50% and gave us 50%, Marks took complete control of everything, sold many lots we had, used the money for other purchases, took out loans without approval from our family. Were Marks and Silber having regular meeting on how to extract more from our family?

Our family was about to sell three of our waterfront lots and an investment home, that would have brought in aprox $300.000.00. Jim Marks said don't do it, put it in the JV and we will do much better later with him in control. So we trusted Marks with everything including the check book. We thought he was our friend and would managed and protect us but boy were we dead wrong.

HOW WAS AMANDA SIGLER INVOLVED? Was Amanda Sigler (a local real estate agent) feeding Jim Marks our personal information as she to befriended our family? Did she assist in taking personal property from an investment property without due process. The plan may have been set up from the very beginning to get control of everything we had. How much did Amanda gain? It is clear now that because we were elderly and easily conned and we had a big target on our backs called equity. We were steered by Mr Marks right into what I now believe was nothing more than family of Predatory Lenders.

They tricked me and my family by saying that they could rescue us from a foreclosure but all we got was more flipped loans, prepayment penalties, fees, and high interest rates. All designed to extract equity and get control of our lives. They eventually forced us into a foreclosures, but always stood by with another big loan with additional high cost in order to get them to stop their foreclosures. I think Barry had clauses in the loan agreement that took huge attorney fees if he had to foreclose. He foreclosed and we paid him, stripping more equity from our land. We were trapped.

SETTING THE TRAP: We were forced to meet after hours at their LINEAR CAPITIAL offices in TAMPA to sign more rushed document that we did not really understand. Was this a typical BAIT AND SWITCH? or was the intent to just beat us down? I am very sure that they did not want others to see what they were doing so they had to get us in after hours. (e.s.) We had many questions as documents are being brought to us for signing but Jim Marks was always standing right by our side saying don't worry I got your back and would never let you sign anything that would hurt you or your family. Document were changed for hours by the lawyer/ lender Barry Silber as he re-did document, was this the bait and switch? We were taken out of the room several times and were brought back in when new doc were ready for us to sign. Please note that these two men owned one or more of the Title Company, The Real Estate Company, The Mortgage company and we thought they were the attorneys for everything including the corporation that was created for us.

We did not want to sign anything but we were up against the wall and the mortgages that they gave us were all due again. They took a years worth of payments up front that night and paid themselves many fees. Now we had a new giant mortgage on our home that was due in one year it also had a rider that would take away all our rights to the JV that controlled all our Families properties if we didn't’ pay them back over $500.000.00 within that one year.

We told Marks that we can't pay this loan back and he said don't worry we will sell something in the JV to pay this off or refinance you or the corporation at better rates. We believed that the lawyer Silber would protect our family but we were dead wrong about that too. We now know that the lawyer involved was Mr Mark’s distant relative by marriage who stood to gain a great deal of money if we failed. I believe that this man Barry Silber should be disbarred and put in jail. We were set up to fail because after many months of Jim Marks infiltration into our family, they knew everything about us and our family and knew we had good equity to take.

SILBERS ETHICAL DUTY: It was Silber duty to not let this kind of thing to happen to anyone but was he after our land and equity as was Mr Marks from the very beginning? Barry Silber was also part of the company that gave us one or more of the mortgages. Before that year was up Barry Silber started foreclosure on our home and then said that they could not lend any more money. They got control of the land and the corporation (RSI LLC) via the attached default to our mortgage and started to sell everything. All our future income was now in their hands. What is astounding is that our Mortgage on our home is now over $ 1 million dollars. They sold several of our residential properties and took most of the cash without our permission. How did this happen and when will they be prosecuted?

THE SUCKERS: How did we allow some one to take all our families properties? First: We allowed Jim Marks in because he had all the answers to many problems we had and he was saving us from a foreclosure. We eventually trusted Jim Marks completely as a friend and business partner. But now we see that he was clearly working his way into our family and eventually found out every aspect of our assets and liabilities so that he could make his move and set the trap. Second: We were not very smart with our finances. Third: We were not smart enough to see the scam because we were blinded by his promises and trusted him because he said he could handle everything properly.

Now we see that they were all very smart men and we were conned over and over again into trusting a family of hard money predatory lenders who had one motivation and that was to milk us of all our equity by what ever means possible. We all feel very bad because we let this happen to our families holdings. We believe that state and federal laws have been broken AND WE HAVE BEEN IN CONTACT WITH EVERY AGENCY POSSIBLE Including our Governor SEEKING JUSTICE. FROM LOCAL LAW ENFORCEMENT TO THE UNITED STATES ATTORNEY GENERAL AND EVERYTHING IN BETWEEN. WE ARE ALSO FILING COMPLANTES WITH THE FLA BAR AND OTHER AGENCYS THAT CONTROL THE LIC OF THESE MEN IN THE HOPE THAT JUSTICE WILL BE SERVED. Law enforcement and media take notice...We would like others to give their own story about these people or like kind cases.

The KILL SHOT: This was the last statement from Mr Marks, He strongly advised us that we should quick claim our home to his wife's relatives to avoid another foreclosure. So Don't ever fall for someone trying to rescue you with a hand of friendship. Report Predatory lenders and Mortgage fraud abuse to everyone. Expose these people when found.
Put them in jail if crimes have been committed I can tell all of you that this web site has helped in several ways. Keep it going

Posted by: Ray Shelton | January 4, 2010 10:08 PM

Dear Sir,
You may have touched on a very sensitive subject with regards to prosecuting predatory lenders out of Tampa Fla. It goes much deeper than you think. I would like to help you with a TV documentary to expose the truth. Call me and I will brief you on why we cant get any help from even our governor in prosecuting predatory Lenders out of Tampa. They all just keep passing the buck. Please Read our story and you will see why so many families are still being preyed upon and not getting any justice evens though federal and state laws have been violated. Even Rico Charges are being over looked.

Can you help us expose these companies and their principles? I am reaching 60 yrs old this February with 4 young kids still at home, we could use some help and possibly prevent them from ever doing this again to anyone. Sincerely, Ray and Dorothy Shelton
Linear Capital, America's Mortgage Broker's Llc, Dale group
324 North Dale Mabry Hwy
Tampa Florida 333609
United States of America
Phone: 813-289-0154
Web Address:


Category: Attorney Generals


Submitted: Monday, December 21, 2009
Posted: Monday, December 21, 2009


COMPLAINTS FILED IN HILLSBOROUGH COUNTY, FLORIDA CIVIL DIVISION CASE # 09 13757


PART OF COUNT II & COUNT III


CRIMINAL USURY,


CIVIL CONSPIRACY,


ILLEGAL LOANS, MISAPPROPRIATED ASSETS, ETC ETC.


UNATHORIZED REAL ESTATE PURCHASES AND SALES,


ESTIMATES BY CONSPRIATORS IS 4.5 MILLION.



WAITING FOR RESPONCE FROM SEVERAL


STATE AND FEDERAL LAW ENFORCMENT AGENCYS


NEW COMPAINTS COMING AGAINST MORE PARTIES INVOLVED.
Amanda Sigler Realty of Dunnellon Florida
How was this woman involved? How much did she gain?



Predatory lenders or Rescue Scamers?


Barry Silber, Jim Marks, Suzanne Marks.


Linear Capital, America's Mortgage Brokers LLC.


Affordable Home Funding, The title Team


Dale Group of Tampa Fl


Amanda Sigler Realty, Dunnellon Fl



324 N. Dale Mabry Hwy
Tampa Florida 33609
United States of America
Phone: 813 514 6200
Web Address:

Category: Was this ORGANIZED CRIME?


NEWS MEDIA TAKE NOTICE... HELP US EXPOSE HOW WE WERE CONNED BY A FAMILY OF PREDATORY LENDERS OUT OF TAMPA FLORIDA

To Whom it may concern,

It is our hope that one of you will investigate and expose these people and their companies. We have filed a lawsuit ( case # 09 13757 division H ) in circuit court Hillsborogh County, Florida. against some of them for Usury and other issues. My attorney thinks they might have violated some RICO statutes if they got more then 45% interest. I think its could be as high as 300%. Please read or story and help us stop them from ever doing this again.

Category: Predatory Lending Bait-and-Switch Equity Stripping Rescue Scamers

Why Should you Read this story and avoid these PEOPLE and their companies?

Re: Barry Silber, Jim Marks, Suzanne Marks, Amanda Sigler


Here is a comment worthy of note which I found trolling the comments on my blog: Remember if you are dealing with an unscrupulous licensed professional (attorney, mortgage broker, etc.) you can file a grievance with the licensing agency who will investigate, prosecute if necessary, and possibly require restitution.
Comment: [Editor’s Note: If con men looked like crooks they wouldn't’ get anywhere. They always ingratiate themselves and seem like good people interested in helping. They intentionally do not appear to be much different from legitimate lawyers, auditors, debt counseling etc. A
Warning to others having Mortgage problems:


Our family was having some problems with our mortgage, we got behind and were facing a potential foreclosure. We got a lot of the typical rescue mailers telling us that we had the plenty of equity and not to worry. We knew this and we only needed 20 to 50 thousand dollars to bring the loan current. Plus we knew that our family would loan us the money if we needed it, they would sell just one property that would pay off part of our loan at any time. That seemed simple enough,

NOW LET THE BARRY SILBER, JIM MARKS NIGHTMARE BEGIN…

We were approached by a kind broker / lender named Jim Marks out of Tampa Florida who said he could rescue us from a foreclosure and the rates would be very low because we had so much equity in our waterfront home. He said he could find us plenty of money. We were very clear to him that we did not have the income to do any major loan an we only needed a small amount.


THE SCAM: Seeing that we had a lot of equity, Marks gained our trust via some acts of kindness and eventually befriends our family, He showed great concern for our financial problem and found various ways to come to our home. He had lunch many times in our home and invited me out to lunch as his guest many times. He also worked his way into using our boats and waterfront property. He went snorkeling and diving on our boat with his family and we felt that he had a nice family and was sincere. After a while I shared some of our families information regarding investments that had been made. Jim Marks was very interested and wanted to see all the waterfront and residential properties my family had invested in, he also brought out investors to see what we had, later we found out that the investors were his own relatives (Barry Silber the lawyer / hard money lender with LINEAR CAPITIAL of Tampa ). Was Silber directing Marks? Was Marks the front man for either Silber or Linear?


The investor Barry Silber came to our home invited by Marks and talk about a long term Joint Venture and wanted to know if any of my friends had good deals on waterfront properties, I fell for all of it like a sucker and provide what they needed, Silber disappears for a long time but some how comes back as the hard money lender but we did not know that he was Marks relative. Marks is now telling us that we can get any loan from anyone except Silber. I think this is against the law because marks was steering us right into the hands of his relative, Did marks get kickbacks or other profits? Marks got 50% of the corp and many fees after flipping our loans. We shall See about that later during discovery.


I believe that Marks only assisted Barry Silber as a front man who looked for the elderly who had good equity but had problems with a foreclosure. Did Marks and Silber work as a team and structured a deal putting everything into the [deal?] that we already owned, We now believe that everything in the scam was planned from day one Marks even created a corporation for our family. We had no idea what Marks was doing with the company and can only guess that as a JV partner Marks took 50% and gave us 50%, Marks took complete control of everything, sold many lots we had, used the money for other purchases, took out loans without approval from our family. Were Marks and Silber having regular meeting on how to extract more from our family?

Our family was about to sell three of our waterfront lots and an investment home, that would have brought in aprox $300.000.00. Jim Marks said don't do it, put it in the JV and we will do much better later with him in control. So we trusted Marks with everything including the check book. We thought he was our friend and would managed and protect us but boy were we dead wrong.

HOW WAS AMANDA SIGLER INVOLVED? Was Amanda Sigler (a local real estate agent) feeding Jim Marks our personal information as she to befriended our family? Did she assist in taking personal property from an investment property without due process. The plan may have been set up from the very beginning to get control of everything we had. How much did Amanda gain? It is clear now that because we were elderly and easily conned and we had a big target on our backs called equity. We were steered by Mr Marks right into what I now believe was nothing more than family of Predatory Lenders.

They tricked me and my family by saying that they could rescue us from a foreclosure but all we got was more flipped loans, prepayment penalties, fees, and high interest rates. All designed to extract equity and get control of our lives. They eventually forced us into a foreclosures, but always stood by with another big loan with additional high cost in order to get them to stop their foreclosures. I think Barry had clauses in the loan agreement that took huge attorney fees if he had to foreclose. He foreclosed and we paid him, stripping more equity from our land. We were trapped.

SETTING THE TRAP: We were forced to meet after hours at their LINEAR CAPITIAL offices in TAMPA to sign more rushed document that we did not really understand. Was this a typical BAIT AND SWITCH? or was the intent to just beat us down? I am very sure that they did not want others to see what they were doing so they had to get us in after hours. (e.s.) We had many questions as documents are being brought to us for signing but Jim Marks was always standing right by our side saying don't worry I got your back and would never let you sign anything that would hurt you or your family. Document were changed for hours by the lawyer/ lender Barry Silber as he re-did document, was this the bait and switch? We were taken out of the room several times and were brought back in when new doc were ready for us to sign. Please note that these two men owned one or more of the Title Company, The Real Estate Company, The Mortgage company and we thought they were the attorneys for everything including the corporation that was created for us.

We did not want to sign anything but we were up against the wall and the mortgages that they gave us were all due again. They took a years worth of payments up front that night and paid themselves many fees. Now we had a new giant mortgage on our home that was due in one year it also had a rider that would take away all our rights to the JV that controlled all our Families properties if we didn't’ pay them back over $500.000.00 within that one year.

We told Marks that we can't pay this loan back and he said don't worry we will sell something in the JV to pay this off or refinance you or the corporation at better rates. We believed that the lawyer Silber would protect our family but we were dead wrong about that too. We now know that the lawyer involved was Mr Mark’s distant relative by marriage who stood to gain a great deal of money if we failed. I believe that this man Barry Silber should be disbarred and put in jail. We were set up to fail because after many months of Jim Marks infiltration into our family, they knew everything about us and our family and knew we had good equity to take.

SILBERS ETHICAL DUTY: It was Silber duty to not let this kind of thing to happen to anyone but was he after our land and equity as was Mr Marks from the very beginning? Barry Silber was also part of the company that gave us one or more of the mortgages. Before that year was up Barry Silber started foreclosure on our home and then said that they could not lend any more money. They got control of the land and the corporation (RSI LLC) via the attached default to our mortgage and started to sell everything. All our future income was now in their hands. What is astounding is that our Mortgage on our home is now over $ 1 million dollars. They sold several of our residential properties and took most of the cash without our permission. How did this happen and when will they be prosecuted?

THE SUCKERS: How did we allow some one to take all our families properties? First: We allowed Jim Marks in because he had all the answers to many problems we had and he was saving us from a foreclosure. We eventually trusted Jim Marks completely as a friend and business partner. But now we see that he was clearly working his way into our family and eventually found out every aspect of our assets and liabilities so that he could make his move and set the trap. Second: We were not very smart with our finances. Third: We were not smart enough to see the scam because we were blinded by his promises and trusted him because he said he could handle everything properly.

Now we see that they were all very smart men and we were conned over and over again into trusting a family of hard money predatory lenders who had one motivation and that was to milk us of all our equity by what ever means possible. We all feel very bad because we let this happen to our families holdings. We believe that state and federal laws have been broken AND WE HAVE BEEN IN CONTACT WITH EVERY AGENCY POSSIBLE Including our Governor SEEKING JUSTICE. FROM LOCAL LAW ENFORCEMENT TO THE UNITED STATES ATTORNEY GENERAL AND EVERYTHING IN BETWEEN. WE ARE ALSO FILING COMPLANTES WITH THE FLA BAR AND OTHER AGENCYS THAT CONTROL THE LIC OF THESE MEN IN THE HOPE THAT JUSTICE WILL BE SERVED. Law enforcement and media take notice...We would like others to give their own story about these people or like kind cases.

The KILL SHOT: This was the last statement from Mr Marks, He strongly advised us that we should quick claim our home to his wife's relatives to avoid another foreclosure. So Don't ever fall for someone trying to rescue you with a hand of friendship. Report Predatory lenders and Mortgage fraud abuse to everyone. Expose these people when found.
Put them in jail if crimes have been committed I can tell all of you that this web site has helped in several ways. Keep it going

Posted by: Ray Shelton | January 4, 2010 10:10 PM


Just look up predatory lending in GOOGLE and you'll find more info on everything than you ever wanted to know. Don't expect to find an attorney who cares about you, they too seem to just want your money. Look on the internet for "used books" and buy virtually new books on fighting mortgage fraud. MORTGAGE WARS is a great one that cites much law. Educate yourself, start a group with a truly helpful person and work hard to save your home against any odds. Look at all the govermnents suing these banks and brokers now. Learn what predatory lending encompasses. MOST LOANS have been predatory. Don't give up. Go to your law library and ask for books on Mortgage Foreclosure and read, read and read more until you really get it You were tricked, duped, overcharged, had your equity churned in re fi after refi, had hidden broker fees, ignored that you were a senior and/or disabled which is a true crime on their part; lied and cheated you out of your home(s). Good luck.

Posted by: Jay | April 1, 2010 4:54 PM

Foreclosureself-defense.com provides free legal information and videos to the general public. Free pleadings also available. Also, a newly released DVD with over 2 hours and 6 attorneys discussing and informing homeowners on options, alternatives and defenses to foreclosure.

Posted by: LOU CARR | July 29, 2010 11:31 AM