Sheryl (Veerkamp) Owens SCAM:

Sheryl (Veerkamp) Owens is Scott Veerkamp's sister. She worked for Scott at American Liberty Mortgage. Sheryl Owens helped Scott Veerkamp prey on the public with deceptive lending tactics. These tactics included the following: 1. Kickbacks on Predatory Loans (Yield Spread Premium.) 2. False Advertising 3. Loan Steering 4. Excessive Fees

Sheryl Owens and Scott Veerkamp used "Bait and Switch" tactics on consumers. Here is an example of what I am talking about...

Please review this information from U.S. Senator Jeff Merkley regarding deceptive lending practices:
"Steering payments were made to brokers who enticed unsuspecting homeowners into deceptive and expensive mortgages. These secret bonus payments, often called Yield Spread Premiums, turned home mortgages into a SCAM."

The Center for Responsible Lending says YSP "steals equity from struggling families."
1. Scott collected nearly $10,000 on two separate mortgages using YSP and junk fees. 2. This is an average of $5,000 per loan. 3. The median value of the properties was $135,000. 4. Clearly, this type of lending represents a major ripoff for consumers.

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