- Report: #761633
Complaint Review: Glenn Udell - Chicago Illinois
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Glenn Udell
Chicago, Illinois, United States of America
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Glenn Udell Brown, Udell, and Pomerantz, Bill Abrams, William Abrams, Michael Birnkrant, Charles Birnkrant, Michael Birnkrant Jr, Susan Birnkrant, Michael Birnkrant Sr, Eric Moscowitz, Eric Moscowiz Loan to Own, typical Chicago Thugs, Udell is an evil attorney that should have his shingle revoked Chicago, Illinois
Abrams, Birnkrant, Moscowitz, and Udell are all acting in concert. Udell was an undisclosed principal, and we hope as such we will get his shingle revoked in Illinois. These co-conspiritors create a loan to own scam. Usurious interest rates, and terms that are meant to take the property from you whilst charging 21 percent interest. Believe what you hear about Chicago. This is an evil yankee cesspool. All of these b**tards are out to screw you. If you run in to any of the aforementioned, run, do not walk. You will lose everything. The worst of the above ilk are Abrams, Birnkrant, and Udell. Udell looks just like that little b**tard that is now the mayor of Chicago. Slimey, slimey, slimey. Oh yes, he was another (((REDACTED)))
1 Updates & Rebuttals
B Group
Los Angeles,California,
USA
Response to Author of Original Report
#2REBUTTAL Individual responds
Mon, March 30, 2015
When I first discovered this ‘Rip Off Report’, I wasn’t particularly surprised, and assumed that removing it from the record wouldn’t be that difficult, given that its a libelous, anti-semitic rant by an individual who had a partnership with the people’s names he listed: Charles Birnkrant, and my father’s: Michael Birnkrant. The partnership, involving a real estate transaction, did not end well for any of the parties involved, including the author of the rant, whose name I won’t mention.
Birnkrant (father and son), Moskowitz, Udell and Bill were NOT acting in ‘concert’ to ‘con’ the author of this report in a ‘loan to own’ scam. The transaction that is the source of this rant was a land deal between Michael and Charles Birnkrant and the author, who was initially quite happy to replace his partners with my father and myself. We bought out his two other partners for a 7 figure sum through an infusion of our own equity capital and the capital of a hard money lender (ie Glenn Udell, and Bill Abrams), with a note that reached maturity in 12 months. This was done operating under the premise that the hard money loan would act as bridge financing by Abrams and Udell, that we intended to convert into a long term loan. ‘Moskowitz’ was peripherally involved as a consultant.
As the availability of commercial real estate loans dried up, the note came due. The hard money lenders (Udell/Abrams) soon thereafter went into a foreclosure process on the land that was pledged in exchange for the hard money loan. This was an agreement that the author, my father, and myself signed. They litigated and achieved foreclosure on the property. Birnkrant (father and son) lost their equity in the land and then some, as did the author of the above report.
Furthermore, working with my father as an investor and developer on several prior projects, we managed to achieve net profits in the 7 figures. I would be happy to provide documentation to that effect, as well as references, to anybody interested in coming to a conclusion about this he said he said Rip Off Report. I can be reached at [email protected].
