REMAX: Jimmy Dulin / MIBOR Scam

I filed a complaint with Jimmy Dulin when Scott Veerkamp was associated with the REMAX organization. My complaint included documentation of Predatory Lending as defined by the National Association of Realtors and the Center for Responsible Lending.

To my knowledge, Jimmy Dulin and the Metropolitan Indianapolis Board of Realtors did nothing to prevent Scott Veerkamp from preying on the public with Yield Spread Premium. Here is an important question MIBOR has never answered regarding Scott Veerkamp: Is it possible for the members of MIBOR to explain how Predatory Lending "protects and promotes the interest of the client?"

REMAX, Jimmy Dulin, and the Metropolitan Indianapolis Board of Realtors showed little concern that Scott Veerkamp was misrepresenting the public. At the time of my complaint, they were unable to provide documentation that Scott had stopped preying on consumers with deceptive lending tactics.

In doing some research on the Code of Ethics, I found the following information listed on the Metropolitan Indianapolis Board of Realtors website:

1. "REALTORS shall be careful at all times to present a true picture in their advertising and their representations to the public." 2. "The Code of Ethics is a promise to the public that when dealing with a real estate agent who is a REALTOR, they can expect honest and ethical treatment in all transaction- related matters." 3. "Only REALTORS pledge to abide by the Code of Ethics, and only REALTORS are held accountable for their ethical behavior."

Here is an example of Scott Veerkamp's deception with Predatory Lending tactics: "You can trust our Realtors to always keep your interest first and foremost."

Loan 1: (Property value $150,000) A. $4,799 yield spread premium B. $500 processing fee C. $250 document preparation fee D. $50 courier fee E. $35 electronic filing fee F. $425 administration fee (lender fee)

Loan 2: (Property value $120,000) A. $1,440 yield spread premium B. $960 application fee C. $1,920 in "discount points" (paid to Scott Veerkamp) D. $409 administration fee (lender fee) E. $150 underwriting fee (lender fee)

NAR: Predatory Lending Information
NAR: Predatory Lending Information - Exposing Scams - Zimbio

Center for Responsible Lending: Seven Signs of Predatory Lending
Center for Responsible Lending: Seven Signs of Predatory Lending - Exposing Scams - Zimbio

Center For Responsible Lending: YSP document...
http://www.responsiblelending.org/mo...0507-final.pdf

CRL and Equity Theft:
http://www.responsiblelending.org/mo...Theft-0604.pdf

Jeff Merkley and Yield Spread Premium:
Jeff Merkley - United States Senator for Oregon: Home

Warning letter to Scott Veerkamp:
www.ftcsc: Warning Letter To Scott Veerkamp From The Office Of The Indiana Attorney General - jmb27's posterous

Scott refuses to drive (one block) to conduct an open house:
Scott Veerkamp Refuses To Conduct An Open House In His Neighborhood... - jmb27's posterous

Scott Veerkamp owes money:
Scott Veerkamp: Excessive interest rates and loss of tax revenues... - jmb27's posterous