Arlee Rodrigues, William K Waldroop, KALCYD Properties ripoff! Fraudulent Mortgage Company takes your money and you get no home! Lakewood Washington
My husband and I met Arlee Rodrigues through Walden Mortgage Co. (2703 6th Ave. Tacoma, WA 98406) where she was employed at the time. We were looking for help in purchasing a home in another county. Ms. Rodgrigues was having difficulties finding us a lender through Walden Mortgage. She asked to meet us at the local mall and offered to buy the home we had found through her and her husband's own Mortgage Company. Since we were in a bind having sold our home already we readily agreed. The plan was to do a 1 year lease and finance the home from them at that time. We gave her $7,500.00 for closing costs the following year. The house payment was $860.00 per month but we agreed to $1,300.00 with the balance over the actual mortgage payment going toward a down payment. We asked several times for a lease agreement but never recieved anything in writing. One year later when we are ready to purchase Ms. Rodrigues kept putting off the sale of the home claiming that she was unable to find an appraiser in our area.
This went on for 6 months. In the mean time due to a layoff it was getting more and more difficult to make the house payments; then our credit score slipped. She told us to find some one else to finance the house. We paid another $1,000.00 to yet another mortgage company as ernest money, but because of hard times financially he was unable to get us a 100% loan. Since Ms. Rodrigues had our $7,500.00 we had no more to put down. Now we are without a home and out all of this money.(26,000. since Jan. 2001) We had to come up with another $1,800.00 to move into another home. We have lived here almost 3 years now, and have nothing to show for it. My son will have to attend another school, I have to sell my horse. This has been extrememly difficult on our family. Can anyone help?
Ronali
Winlock, Washington
U.S.A.
1 Updates & Rebuttals
Arlee
Lakewood,Washington,
U.S.A.
next landlord for the Ernsbergers won't be so understanding and the Ernsbergers will finally learn that all they had to do was make some sort of monthly payment
#2REBUTTAL Individual responds
Sat, April 30, 2005
William and I used our credit in order to provide Ronali and her family with a lease option to purchase. By all intentions, the Ernsbergers were to purchase the home when the their credit was to allow the purchase.
I originally helped them with obtainig a mortgage but was unable to get the appraised value needed in order for us to break even. Meanwhile, the Ernsberger had lived in the home rent free.
The original $7,500 was contributed to the monthly mortgage paymeny. Eventually, that $7,500 was used up. We continued to make the mortgage payment even though the Ernsbergers weren't paying their share of the agreed upon rent. Making the monthly mortgage payment for the Ernsbergers without them making any sort of monetary contribution became a financial burden for us.
March of 2005, we lost the home to foreclosure. Our credit is now ruined because we went out of are way to help the Ernsbergers. I understand a lose of income but that is still no excuse for not paying rent for an entire year.
The last time we received rent from the Ernsbergers was in Janaury 2004 in the amount of $900.00. The agreed upon rent was $1300.00. We had two monthly mortgages on the home which Ronali neglected to mention. The first mortgage payment was in the amount of $860.00 and the second in the amount of $215.00 plus there was a little thing called taxes and insurance. The property was bought as a non-owner occupied manufactured home investment property.
We made no money off of the Ernsbergers. I have letters from Ronali asking us to be patient and telling us that the Ernsbergers are grateful for our understanding but yet we are the rip-off artists? Hardly not. All we wanted was for them to buy the home from us but because of their financial situation it becomes our fault.
A secondary mortgage person could not help them either but I guess that is our fault too? Yes, the Ernsbergers did not get a home but we lost a home so who is the real victim?
Maybe the next landlord for the Ernsbergers won't be so understanding and the Ernsbergers will finally learn that all they had to do was make some sort of monthly payment so it wasn't so streesful on us.