- Report: #276378
Complaint Review: American Mortgage Funds - Western Estates - American Realty - Dallas Texas
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American Mortgage Funds - Western Estates - American Realty
17440 Dallas Pkwy #126 Dallas, 75287 Texas, U.S.A.
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American Mortgage Funds - Western Estates - American Realty Mortgage scam Targets individuals who do not speak English Dallas Texas
*Author of original report: Ash Abraham, Ashraf Ibrahim, American Mortgage Funds conman mortgage scam BEWARE
*Author of original report: Ash Abraham, Ashraf Ibrahim, American Mortgage Funds conman mortgage scam BEWARE
*Consumer Suggestion: I Need Your Help and I Will Help You
*UPDATE Employee: falsified claims, abuse of such attempts of extortion first hand
This company is led by an conman. His name is Ashraf Ibrahim but he changed it to Ash Abraham. He buys properties under different companies names such as Rocky Mountain Properties or HNA LLC and then sells them for a huge profit to unsuspecting buyers who do not speak English or those leaving the country promising to make the payments for a year while they are gone.
For example, he buys a home for $100,000. And then he gets it appraised (the appraiser is in on this) for $150,000 and sells it to a buyer promising to make all payments for the first year. He primarily targets non English speaking buyers and tells them that the terms are all in the contract.
He defaults on payments within months. The buyer usually has no idea what is going on assuming payments are being made. Propoerty goes into foreclosure and he walks away with a huge profit as he is the seller, the real estate agent, and the broker all in one (he collects tons of extra fees). No one figures out he is the seller, real estate agent and broker because he uses different company names -- so he gets paid thrice over!!!
Buyer is left holding the bag. Be forewarned about this guy. He has done this on over 60 apartments so far and two homes.
Names he uses: Ashraf Ibrahim, Ash Ibrahim, Ashraf Abraham, Ashraf Aoly Ibrahim. Companies he uses: American Mortgage Funds, Western Estates Inc, American Realty or American Realtors, Rocky Mountain Properties and HNA LLC.
Be forewarned.
Anon123
Dallas, Texas
U.S.A.
For example, he buys a home for $100,000. And then he gets it appraised (the appraiser is in on this) for $150,000 and sells it to a buyer promising to make all payments for the first year. He primarily targets non English speaking buyers and tells them that the terms are all in the contract.
He defaults on payments within months. The buyer usually has no idea what is going on assuming payments are being made. Propoerty goes into foreclosure and he walks away with a huge profit as he is the seller, the real estate agent, and the broker all in one (he collects tons of extra fees). No one figures out he is the seller, real estate agent and broker because he uses different company names -- so he gets paid thrice over!!!
Buyer is left holding the bag. Be forewarned about this guy. He has done this on over 60 apartments so far and two homes.
Names he uses: Ashraf Ibrahim, Ash Ibrahim, Ashraf Abraham, Ashraf Aoly Ibrahim. Companies he uses: American Mortgage Funds, Western Estates Inc, American Realty or American Realtors, Rocky Mountain Properties and HNA LLC.
Be forewarned.
Anon123
Dallas, Texas
U.S.A.
4 Updates & Rebuttals
Need2KnowPI
USAI Need Your Help and I Will Help You
#2Consumer Suggestion
Tue, October 27, 2009
If you are a victim of Ash Abraham a/k/a Ashraf Ibrahim, please contact me immediately at ericson.michael(at)gmail.com. I may be able to help you.
Ash Abraham
Dallas,Texas,
U.S.A.
falsified claims, abuse of such attempts of extortion first hand
#3UPDATE Employee
Mon, June 08, 2009
falsified claims, abuse of such attempts of extortion first hand
Anon123
Plano,Texas,
U.S.A.
Ash Abraham, Ashraf Ibrahim, American Mortgage Funds conman mortgage scam BEWARE
#4Author of original report
Mon, October 08, 2007
I just wanted to add the name of the owner in the title so if someone does a search, his name will come up. If you have been conned by him contact the attorney general or the FBI. This guy must be stopped.
Anon123
Plano,Texas,
U.S.A.
Ash Abraham, Ashraf Ibrahim, American Mortgage Funds conman mortgage scam BEWARE
#5Author of original report
Mon, October 08, 2007
I just wanted to add the name of the owner in the title so if someone does a search, his name will come up. If you have been conned by him contact the attorney general or the FBI. This guy must be stopped.
