Mortgage scam warning


. DOZENS OF FAMILIES WORKING TO REBUILD THEIR LIVES. THEY SAY THEY WERE DUPED BY A CHRISTIAN MORTGAGE LENDER. THE ORGANIZATION KINGDOM CONNECTED INVESTMENTS IS ACCUSED OF BILKING CLIENTS OF OUT OF HUNDREDS OF THOUSANDS OF DOLLARS IN A RENT TO OWN SCHEME. DAVE JORDAN IS HERE WITH MORE ON THIS STORY. Reporter: A LOT OF PEOPLE AFFECTED BY IT. WE ARE TOLD IT WAS AN ELABORATE SCHEME. MANY PEOPLE WHO THOUGHT THEY WERE ON THE PATH TO HOMEOWNER SHIP ARE NOW OUT HUNDREDS OF THOUSANDS OF DOLLARS. WHEN BILLY AND HIS WIFE MOVED IN TO THIS HOME IN NORTH CAROLINA THEY THOUGHT THEY WOULD EVENTUALLY OWN IT. INSTEAD THEY GOT A RUDE AWAKENING DURING A FAMILY GATHERING WHEN DEPUTIES STOPPED BY. WE GOT KICKED OUT. WE HAD TO GO TO COURT. Reporter: HE SAID HE PAID KINGDOM CONNECTED TEN THOUSAND DOLLARS FOR A DOWN PAYMENT ON THE PROPERTY AND $800 A MONTH FOR NEARLY TWO YEARS UNDER A RENT TO OWN AGREEMENT. THEY NEVER HAD THE AUTHORITY TO RENT THE HOUSE WHICH HE FOUND OUT THE HARD WAY. WE LOST OUT OUR LIFE SAVINGS AND WE HAD TO BORROW FROM PETE TORE PAY PETER TO PAY PAUL. THEY HAD THE PERMISSION TO TRY TO SALE A PROPERTY, A RESIDENCE THAT WAS THROUGH A MORTGAGE LENDER TO A PURCHASER AND THEY WERE DOING THIS WITHOUT DISCLOSING OR DISCUSSING THE TRANSACTION WITH THE ORIGINAL LENDER. Reporter: THE ATTORNEY SUED THEM IN CIVIL COURT AND WON A 43,000-DOLLAR JUDGEMENT AGAINST THE COMPANY FOR HIS CLIENT. HE DOESN’T REPRESENT THE COUPLE BUT SAID HE SPOKE TO SEVERAL OTHER PEOPLE WHO HAVE BEEN CONNED BY THE ORGANIZATION. THE CONVERSATIONS HAVE BEEN AROUND THE SCHEME THE KINGDOM CONNECTED INVESTED CREATED IN BUYING AND SELLING PROPERTY. Reporter: WE CALLED SEVERAL NUMBERS LINKED TO THE ORGANIZATION. THEY WERE NOT IN SERVICE. WE DON’T HAVE ANY REAL EXPECTATION THAT JUDGEMENT WILL EVER BE SATISFIED. Reporter: A REALITY HE IS NOW COMING TO TERMS WITH. WE HAVE TO FACE THE FACT THAT WE ARE NOT GOING TO GET OUR MONEY BACK. WE ARE GOING TO MOVE ON AND WE ARE GOING TO MAKE IT. ONE WAY OR THE OTHER. BLESS THEM. YEAH. ITS BEEN A TOUGH YEAR FOR THEM. THEY HAD TO LEAVE THEIR HOME, THE HOME THEY THOUGHT THEY WERE ON THE PATH TO OWNING. THEY ARE NOW LIVING IN LEND WOOD BE NORTH CAROLINA. THEY ARE STARTING FROM SCRATCH. THEY HAVE NOTHING. A LOT OF PEOPLE IN THEIR SHOES TONIGHT. ON TOP OF THAT HE HAS BEEN ILL. THEY ARE — HOPEFULLY THIS YEAR WILL BE BETTER. THERE’S A LOT OF PEOPLE THAT WANT THIS RENT TO OWN SITUATION. HOW DO THEY MAKE SURE IT’S LEGIT? THE ORGANIZATION AREN’T UNDER ANY CRIMINAL INVESTIGATION TO OUR KNOWLEDGE. THEY HAVEN’T BEEN CHARGED THOUGH THEY DIDN’T RESPOND TO US. THERE ARE REAL RENT TO OWN BUSINESSES. THE BEST COURSE OF ACTION IS TO RESEARCH THAT COMPANY, CHECK WITH THE BBB, THEY HAD A LOT OF COMPLAINTS ABOUT KINGDOM CONNECTED. YOU HAVE TO DO YOUR DILIGENCE AND TAKE YOUR CONTRACT TO AN ATTORNEY AND HAVE THEM REVIEW IT BEFORE YOU SIGN OFF AND FIND YOURSELF IN THIS SITUATION. ALL RIGHT.

Leave a Reply

Your email address will not be published. Required fields are marked *