New Construction Nightmare

Mr K, Ms V, and Mr. H,
After a year and a half of FTB defending a 60% payout, I gave the property and structure back to FTB in a "Deed in LIEU of Foreclosure".
Within weeks of the final papers being signed, FTB validated everything in this video by listing and then selling this house as 25% complete, essentially throwing in my property for free.
Somehow, you've also managed to very negatively impact my credit rating and career with an actual "foreclosrue" tagged to my credit rating. I'm told this takes about 10years to resolve itself. I've reopened this video to familiarize you with the facts of my initial appeal to you (and the pointless (but withdrawn) complaint to the federal and state regulators), since I'm sure the files have by now been shredded.

I will, however, continue to put the blame for this where it is due. Dawn A. Timm clearly leveraged her expertise, corporate knowledge and trusted position as an Associate Broker, and independent Re/Max agent to exploit the weaknesses in the system, and in the law. To this end, there are several active investigations underway as the shenanigans of Paramount Construction extend far beyond this case, or even this County.

Category:

Film & Animation

Tags:

• Trowbridge
• 1085
• RE/Max
• re-max
• business
• construction
• loan
• advice
• community
• wisdom
• documentary
• fifth
• third
• bank
• regulation
• federal
• reserve
• Ossineke
• building
• supply
• fraud

[hassokasso]

"No",I did not sign off on the sworn statements. I did sign a form requiring my OK of every sworn statement for the actual approval of the builder;so,for every SS I did not sign, the builder was not approved to be paid. I did not see ANY of these SS's until I put a halt to the operation when I found payment for nonexistent work. The question is N/A since the max overage is 5%, and ONLY at the banks discretion. A 1.5 year search for this paperwork and the $2500 change order has yielded nothing.

[IC2720]

I see Re/Max is involved in this too. Doesn't surprise me, I've never met a real Estate Agent that doesn't lie.

[hassokasso]

I do know a couple honest realtors, although when I submitted an ethics complaint against Ms. Timm, the Alpena Realtors Ethics board refused to even investigate.

I contacted corporate Re-Max. Their response was essentially a shoulder shrug.

[Rossvk]

This is ridiculous! Fifth-Third needs to do something to make this right. I wonder how many other people they did this to? I know some folks that work for Chase and I am going to forward this on to them. Maybe they can use it for marketing against Fifth-Third

[hassokasso]

so far (see "more info") FTB is choosing option "B"

[Rainmaker2110]

Hopefully resolution will come quickly. It would be nice to see Fifth Third respond to this video. Though the situation is horrible, nice satiric response through youtube.

[mbus531]

We are a graduate class viewing your video as part of our analysis for consistent customer service. We are curious to hear if FTB followed up with you or if any other action has been taken since your video. Please let us know. Thanks.

[rockfan1122]

Unbelievable! We have also had issues with

Fifth Third, why continue to do business with them.

[rockfan1122]

this is crazy! They should be thoroughly ashamed!

[hilbergutube]

We also had our construction loan through Fifth Third. For us, a Fifth Third representative always verified materials and work done by the contractor with not only the appraisor but also us, the owner. Why did they not do this for this family? Admit your mistake, Fifth Third, and make this right. Not only will we not do business with you again, we will tell others what you are doing to this family (unless you make this right). We are considering moving our loan.