Complaint Review: Total Choice Corporation

I too have been a victim of Gaylin Ware of Total Choice Corporation.  He is a thief and is only interested in taking your money.  He is actively participating in mortgage fraud and he needs to be stopped.  

The scheme: 

Gaylin claims he is a private investor that funds loans based on income and not your credit.  Closing was said to happen within 30 to 60 days.  You are required to pay a fee of $2500 - $3500 up front.  I was also told that I would receive a refund within 30 days if the deal fell through. Once the fee is paid, you are told you will receive an approval letter within 72 hours.  The approval letter is an unofficial letter (not on letterhead) claiming the applicant is approved for a specific amount.   Only to find out, you are not financed at all. 

After months of waiting to close, Gaylin claimed there was a problem with the servicers.  I later found out that the seller never received the information needed to close the loan.  I was given the run around when I asked for a refund of my up front fee.  Its been over 3 months and I have not received any of my money back.

**According to the IRS (2012), "Some of the common real estate fraud schemes include:Property Flipping A buyer pays a low price for property, and then resells it quickly for a much higher price. While this may be legal, providing false statements to the lender is not.

**Two Sets of Settlement Statements  One settlement statement is prepared and provided to the seller accurately reflecting the true selling price of the property. A second fraudulent statement is given to the lender showing a highly inflated purported selling price. The lender provides a loan in excess of the property value, and after the loans are settled, the proceeds are divided among the conspirators.

**Fraudulent Qualifications Real estate agents assist buyers who would not otherwise qualify by fabricating their employment history or credit record.

Gaylin Ware does the latter two.  He told me he would approve me for an amount over the selling price, so that I can get money back at closing.  Also, he failed to verify my income and totally disregarded my credit.

A friend actually spoke to him and his representative also.  Gaylin even told my friend that there were no investors, and that he funds all the loans with his personal money.  Now, that seems a little unbelievable!

Bottom line, if you simply feel like giving $2500 to $3500 to a greedy liar, then Gaylin Ware is your man.   He is not licensed, and practices against the law.  "Every year, these fraudulent schemes victimize individuals and businesses from many walks of life, including struggling low-income families lured into home loans they cant afford, legitimate lenders saddled with over-inflated mortgages and honest real estate investors fleeced out of their investment dollars (IRS, 2012)."

Please stay away from this company.