- Report: #132725
Complaint Review: John J. Beckstrand 1st Metropolitan Mortgage/Twin Cities Group - Bloomington Minnesota
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John J. Beckstrand 1st Metropolitan Mortgage/Twin Cities Group
5001 American Blvd. W., Suite 110 Bloomington, 55437 Minnesota, U.S.A.
Phone:
952-9568000
Web:
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John J. Beckstrand, 1st Metropolitan Mortgage Twin Cities Group Ripped off me and my family of thousands of dollars with dishonest and fraudulent behavior Ripoff Bloomington Minnesota
I worked for 1st Metropolitan Mortgage which was previously NovaStar Home Mortgage for approximately nine months. In that time I lost several thousands of dollars to J Beckstrands lies and underhanded business practices.
With him as a business partner we established a satellite office in another state in which I spent the majority of my time developing. This time was spent based on an arrangement between J and I to split 80/20 until the startup costs were recouped then it would transition to 50/50. After three months of existence I was removed from that office and given no compensation for my time and effort.
In addition to this I had several clients that had great potential to become repeat customers. With out fail these clients were approached and solicited by J for referral business of his own. In discussions with other people who have left the company this is a very common practice of J's.
A further example of his behavior is that at my time of departure from the company I had several loans that were scheduled to close in the next two weeks as well as a loan that I was scheduled to be paid on that week. I was asked to leave the company because of a personal issue that his assistant, Stacy Osmondson, had with me. I was planning to leave in the near future, but they decided to make sure that they could take all that commission. So I have received no commission from the three loans that closed. And every phone call that is made for me to the company is responded to with slanderous comments and lies regarding my situation in the company.
The final point is that in my time with the company I witnessed many things that I did not feel comfortable with. Not only did he treat people very poorly and ruthlessly. He preformed many activities that were highly illegal and unethical. It is no doubt that he will have his license revoked in the near future due to his shady practices. These items include such activities as creating false VOM (Verification of Mortgages), false payment histories, forged signatures, equity stripping, and the list goes on and on.
I understand that this is just my view on events, but my caution is to beware. I am just one of many people that has been ripped off by this shady character.
Robert
Woodbury, Minnesota
U.S.A.
With him as a business partner we established a satellite office in another state in which I spent the majority of my time developing. This time was spent based on an arrangement between J and I to split 80/20 until the startup costs were recouped then it would transition to 50/50. After three months of existence I was removed from that office and given no compensation for my time and effort.
In addition to this I had several clients that had great potential to become repeat customers. With out fail these clients were approached and solicited by J for referral business of his own. In discussions with other people who have left the company this is a very common practice of J's.
A further example of his behavior is that at my time of departure from the company I had several loans that were scheduled to close in the next two weeks as well as a loan that I was scheduled to be paid on that week. I was asked to leave the company because of a personal issue that his assistant, Stacy Osmondson, had with me. I was planning to leave in the near future, but they decided to make sure that they could take all that commission. So I have received no commission from the three loans that closed. And every phone call that is made for me to the company is responded to with slanderous comments and lies regarding my situation in the company.
The final point is that in my time with the company I witnessed many things that I did not feel comfortable with. Not only did he treat people very poorly and ruthlessly. He preformed many activities that were highly illegal and unethical. It is no doubt that he will have his license revoked in the near future due to his shady practices. These items include such activities as creating false VOM (Verification of Mortgages), false payment histories, forged signatures, equity stripping, and the list goes on and on.
I understand that this is just my view on events, but my caution is to beware. I am just one of many people that has been ripped off by this shady character.
Robert
Woodbury, Minnesota
U.S.A.
1 Updates & Rebuttals
Gene
Irvine,California,
U.S.A.
Location information on J Beckstrand
#2UPDATE EX-employee responds
Mon, March 26, 2007
If you are looking for J Beckstrand, he is currently working as an asst. track and field coach for Breck School. As far as my public records search goes, he is no longer licensed to do real estate or mortgages in the state of Minnesota. I was offered a position with J's company but decided not to take it because of an uneasy feeling I had about him and his "ethics." Hopefully, there will be enough people who bring him to justice for the wrongs that he committed. With the current bust in the housing market, he is another example of these fly by night characters that were just looking to make a quick buck. Congratualtions J, John, or whatever your new alias is these days, you did just that. Not only were you a lousy businessman, but a lousy athlete as well. I don't know how you sleep well at night knowing how you contributed to the black eye you have given the mortgage industry. How you manage to sleep at night with a clear conscience and acting as a role to teenaged kids when you engaged in shady business practices is beyond me. But hey, denial is a great thing isn't it J?
