This email received from Jill Suzanne Arthurs January 2nd, 2007. Jill is a licensed real estate agent and also a licensed mortgage broker. I agree with most of Jill’s comments, disagree with some. Her comments about my assumptions are incorrect.
Mr. Rice-
My name is Jill Arthurs and I am a realtor with Resident Realty. I googled my name tonight and was shocked to see it associated with mortgage fraud at one of my listings at 9601 Salem Ct. in Highlands Ranch in your August blog.
I did list the home for the sellers [James & Kathleen Eller] who were friends of mine in January 2006. From the start I felt they wanted more than their house it was worth and counseled them to reduce the price considering the presence of major electric transmission lines in their backyard. However, because there were comps on their block in the high $300,000’s the price the home was listed for was their choice. The home had over 50 showings in the 6 months it was listed and although we never had an offer, my sellers were determined to not lower the price below $325,000.
While it was listed with me, my clients were repeatedly solicited by DLC Property Investment Group. They offered to buy my clients home without the use of a realtor and my clients would receive a subsequent discount for not using a realtor. As you may know it is against ethical standards for realtors to solicit clients when the property is already listed, but because DLC Property Investment Group is not licensed agent, those ethical concerns were not relevant. The sellers had already negotiated a deal with DLC Property Investments when my listing agreement with them expired and they completed the sale of the home for $300,000 soon after. I had nothing to do with the sale of the home, never saw a contract and certainly was not involved in the obvious mortgage fraud that DLC Property Investment/Marc MacFarland/www.weselldreamhouses.com. perpetrated.
I don’t know how your website works, however, I am appalled my name is associated with this deal and feel before you carelessly throw allegations about situations you need to do some research. Your assumption that because the home was listed with me and that somehow I was involved in this deal casts a incorrect pall on my reputation and business that is absolutely not warranted. Please remove my name and my association with this alleged fraud.
Thank you
Jill Arthurs
ResidentRealty
Office: 303-870-7367
Fax: 303-683-5694
Email: jillsarthurs@yahoo.com— end of email —-
My comments:
My headline Obvious Mortgage Fraud is a direct quote from the email.
At least one detail is not correct. The statement:
obvious mortgage fraud that DLC Property Investment/Marc MacFarland/www.weselldreamhouses.com perpetrated.
does not check – this URL returns an error. URL http://www.webuydreamhomes.com/ does connect to a DLC Property Investment Web page.
Tags:
Obvious Mortgage Fraud / $50,000 Mortgage Fraud / August 20th Blog
mortgage fraud real+estate jill+arthurs resident+reality 9601+salem donald+cooper don+cooper lehman+brothers secresha DLC+Property+Investment Marc+MacFarland
technorati ping / blog phil.rice / Real Estate Yard Signs / fraud / mortgage / real+estate / jill+arthurs / resident+reality / 9601+salem / donald+cooper / don+cooper / lehman+brothers / secresha / DLC+Property+Investment / Marc+MacFarland /