Complaint Review: Ray Teerlink - Mesa Arizona

I signed a contract with Mr. Teerlink on 14 Sep 10, to facilitate a principal reduction on my mortgage.  He was under contract to a Tampa FL company that offered the principal reduction product to act as a middleman and take in "files".  Mr. Teerlink never paid the Tampa company, and has decided to attempt to walk away with hundreds of thousands of dollars.  He has closed two of his companies (there are likely others) Queen Creek Mortgage, LLC, and Mortgage Protection Group, LLC.  He does not return calls.

Mr. Teerlink is attempting to hide behind a fraudulent contract with many unenforceable provisions, as well as bankruptcy protections of his LLCs.  This was clearly a scam from the beginning, with only question now is how many others were involved.  Mr. Teerlink and his associates hold positions of public trust; they hold Mortgage Broker licenses, Real Estate licenses, and have status as Loan Originators, Financial Planners, etc.

My goal is to have everyone associated with Queen Creek Mortgage held accountable for this fraud.  Below I'll list the individuals and organizations I know have associations with this fraud...some of them may be victims as well.  Time will tell.  I am attempting to talk to every one of them.  If they are victims then they will assist me in making sure those guilty of fraud never do business again, pays large fines, and refund all monies they are attempting to steal.  If they are innocent employees, they have whistleblower protection, as well as a duty to protect the public from fraud in the real estate/mortgage industry.

Everyone involved with Queen Creek Mortgage, LLC, or Mortgage Protection Group, LLC, or Mr. Ray Teerlink, or any other companies where he recently worked, either as customers, employees, or associates need to file complaints with:

(1) Arizona Department of Financial Institutions - demand revocation of all his licenses and those of his associates who will not assist in bringing him to justice.

(2) Arizona Department of Real Estate - demand revocation of all real estate licenses of individuals involved with any of Mr. Teerlink's companies

(3) Arizona State Corporation Commission - report fraudulent use of an Arizona LLC as well as demand dissolution of all companies registered by Mr. Teerlink

(4) Arizona Attorney General - report criminal fraud and demand an investigation

(5) Arizona Department of Revenue and Internal Revenue Service - report suspect a large amount of unreported income; demand an audit of all his companies, associates, and business partners.

The following individuals, and organizations appear to be associated with Mr. Teerlink

Arizona Real Estate Advantage, Ray Teerlink, Lic#SA52467000, listed as inactive real estate sales, originated 4/2/01, expires 4/30/13.  Also has Lic#SE042521002, listed as Mgr, Sales, orig 8/10/10, severed 11/23/10.  Mr. Len Watson, Lic#SE042521002, listed as inactive real estate sales, orig 8/10/10 (same day as Mr. Teerlink), expires 7/31/11 with an address of 1223 S. Clearview Mesa AZ (same as Queen Creek Mortgage).  Mr. Len Watson is also a Mortgage Broker, Lic# BR042521000, listed as active, orig 7/16/97, expires 7/31/11, with Arizona Real Estate Advantage SE042521000, orig 9/18/09, to indefinite.

Mr. Wade Hutchens - apparently a partner of Mr. Teerlink of some sort?  I have not yet found any information on him.  If anyone has a phone number would like to chat with him.

Mr. Robert T. Jones, Senior Underwriter/Loan Officer, Queen Creek Mortgage, LLC, Loan Originator License#254092.  Mr. Jones claims through a third party to be a victim.  We'll see.  I expect him to pursue Mr. Teerlink and his associates with all the agencies above, as well as submit to an audit of his financials.  If he is innocent as he claims this should present no problem, as he should have as much or more at stake as we do as customers defrauded by Mr. Teerlink.

Let's make everyone involved in this fraud can't continue to do business in this country, at least not with the cover of licenses, corporations, and other credentials.  This is best dealt with by people with badges, search warrants, and court orders.  Call and write them all.