Complaint Review: EBM Non Profit - Bethesda Maryland

Deceptive Lending and Real Estate Fraud Robbing Senior Citizens’ Homes in California Oakland, CA - July 12, 2024 In mid-2019, my mother, a vulnerable senior citizen, sought to renovate her home, valued at $1,1380,000 to  better accommodate her mobility needs due to rheumatoid arthritis. The renovations, costing $468,000.00, included essential repairs such as a new roof, floor tiles, electrical work, insect and rodent screening, replacement of 16 windows, a kitchen renovation, and a lift for wheelchair accessibility.

Julie Basmadjian, CFO of Basmadjian and Jackson Investment, Advisory, Equitable Partnership LLC, contacted my mother under the guise of a lending broker. Julie offered a cash-out refinance of $960,000.00, which would cover the renovation costs and provide additional funds. Exploiting my mother’s trust and health condition, Julie assured her that all necessary documentation for the refinancing would be handled properly, but insisted on communicating solely with my mother, deliberately excluding our family. In August 2019, without my mother's consent, Julie sent two agents to appraise the house. The appraisal report was never shared with us. Instead, in 2021, my sister Pamela received a Due Diligence Worksheet falsely indicating a limited purchase of the property due to a "Notice of Default," details of which were never disclosed. I, Andrea, was inexplicably named responsible for ordering a final payoff from the undisclosed lender, despite having no involvement in the refinancing process. At the time, the home title was free and clear.

On September 18, 2021, Julie called to inform my mother that the refinancing documents were ready. Despite my mother's reluctance, Julie coerced her into an immediate signing. That afternoon, Olivia Joan Stockman, a Notary Public based at 4241 Harbor View Ave, Oakland, CA 94619, arrived at our home unexpectedly with documents for my mother to sign, purportedly for a cash-out refinancing contract. Olivia barely allowed my mother to review the documents before hastily leaving. I arrived as Olivia was leaving and inquired about the nature of the papers. Olivia evaded further questions and left quickly. Suspicious of the notary's conduct, I consulted other real estate financiers, who confirmed our fears of fraud. I contacted Olivia to request copies of the documents, but Olivia redirected me to Julie. Shortly after, in September 2019, Fred Ahn, an Escrow officer at Eon Escrow Inc., called to inquire about a $1,138,000.00 deposit in my mother's account, which she did not know of. Realizing the situation, Fred abruptly ended the call, and subsequent attempts to contact him failed. We pursued Eon Escrow Inc. for an explanation and copies of the documents, only to be told Fred no longer worked there and my mother was not a party to the loan agreement.

Fred Ahn is currently CEO/Sr. Escrow Officer at Supreme Escrow, Inc., 3701 Wilshire Boulevard #535, Los Angeles, CA 90010. Eventually, we obtained a Real Estate Purchase and Sale Agreement dated June 25, 2019, indicating my mother's non-profit company as the seller and Basmadjian and Jackson Investment, Advisory, Equitable Partnership LLC as the buyer. This agreement was signed fraudulently by someone impersonating my mother while also passing off as the signatory for the “buyers” by the name Amy Kaufman. However, page 3 of the document was erroneously missing and is yet to be availed to date. A forensic handwriting expert confirmed the fraudulent nature of the signatures.

Julie Basmadjian and Arkim Jackson Tuck, operating under the pseudonym Amy Kaufman of Quadrantss LLC, orchestrated the scam. The Seller’s Final Settlement Statement showed the full sale amount of $1,380,000.00 was meticulously distributed to various parties over fake invoices, leaving nothing in the account falsified to be my mom’s. Despite my mother's immobility due to advanced rheumatoid arthritis, documents falsely claimed she personally appeared to sign amended escrow instructions in multiple locations. Later on, when the Trustee issued the Trustee's Notice of Sale, we realized that a fraudulent grant deed that effected the fraudulent sale of my mother’s property without her knowledge and consent was notarized by Olivia Joan Stockman and was recorded at the Alameda County ClerkRecorder's Office.

Subsequently, the fraudulent deed was registered in the name of Amy Kaufman of Quadrantss LLC over my mother’s property, 5915 SAN PABLO AVE OAKLAND, CA 94608. The same County Clerk-Recorder's Office that swiftly registered fraudulent deeds now makes it a daunting task for my mom to register a lis pendens for pending action against Temple View Capital LLC. The most egregious actor in this tragic saga is Temple View Capital LLC situated at 7550 Wisconsin Ave. 10th Floor Bethesda. They issued a fraudulent loan without conducting due diligence to the said Amy Kaufman of Quadrantss LLC secured by the aforementioned fraudulent trust deed registered in the name of Amy Kaufman of Quadrantss LLC over my mother’s property, 5915 SAN PABLO AVE OAKLAND, CA 94608. After defaulting, they pursued my mother’s property and compromised the judiciary and clerks at the Alameda Superior Court to prevent my mother from accessing justice.

This shameless manipulation of the system facilitated the illegal auction of my mother’s property. A Temporary Restraining Order had been issued to stop the auction, but Temple View ignored these legal directives, proceeding with the sale in blatant violation of the law. Temple View Capital LLC has been attempting to sell the house, even sending the sheriff's department to evict my mother and family without lawful orders while the matter is still pending in court. BUYERS SHOULD BEWARE since the entity wants to pass the fraudulent title to them. Temple View Capital LLC's actions exemplify a gross abuse of power and a complete disregard for legal and ethical standards. Their fraudulent activities have left my mother fighting to reclaim her home and her dignity. Lastly, there are several cases against Julie Basmadjian and Arkim Jackson Tuck over financial frauds they have been procuring under the cover of Basmadjian & Jackson Investment, Advisory, Equitable Partnership LLC. They are evasive and keep moving locations