Re: Scott Veerkamp / Franklin Township Community School Corporation

Loan Steering. The Center for Responsible Lending estimates that excessive interest rates cost families $2.9 billion each year. CRL states: "When a borrower loses a home to foreclosure, society pays the price in the drop in surrounding property values and LOST TAX REVENUES."

1. Here is the formula: Yield Spread Premium and excessive interest rates = loss of tax revenues from mortgage defaults. 2. Clearly, this is one of the reasons for the lack of funding in our school systems. 3. I find it Ironic that Scott Veerkamp has not paid his taxes and FTCSC wants to sue the state over a "funding formula." 4. In other words, Scott wants taxpayers to pay for the lawsuit going in---and Scott feels no responsibility to pay his own taxes going out. 5. On a scale of 1-10 Scott Veerkamp's level of integrity is at ZERO.

Please note: On November 5, 2010 Scott Veerkamp gave people the impression my complaints had "done nothing but strengthen his business." If his business is strong, why does Scott owe $7,632 in back taxes? In other words, Scott says his real estate business is STRONG going in---and Scott claims he can not afford to pay his taxes going out. Does this "Bait and Switch" tactic sound familiar?

Please take time to review the articles below...

Had Enough Indy ?: Elected Officials Who Didn't Pay Their Taxes

Warning Letter to Scott Veerkamp - jmb27's posterous

Growing school districts suing over funding - 13 WTHR