pacdex net branch lawsuit

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dekohler

7 Posts

Posted - 03/25/2008 : 02:53:47 AM

Anyone who has been taken in by this company (aka north american funding, north american home loans, north american real estate services, etc) and who can show a tangible loss ($$$) please contact me at dekohler @ earthlink.net. We are looking at the possibility of a class-action suit.

jordanb

355 Posts

Posted - 03/25/2008 : 07:16:27 AM

Pacific Bancorp is the worst. The biggest crooks and scumbags! What was your experience?

1003s.com

3216 Posts

Posted - 03/25/2008 : 09:31:35 AM

D E Kohler,

You might want to do a site search, under the name

that Jordanb had posted. As I recall reading a number of forum threads

regarding them...

JoefromPhilly

568 Posts

Posted - 03/25/2008 : 10:56:52 AM

A couple years ago I had signed up with PBC, and before I did, I was shown a laundry list of lenders that we could use. Once they got the check, I logged into the back office, and all I saw were the likes of World Savings and United Bank (I think that's their name). I had no access to all the other lenders until I got licensed as a broker and then set up a licensed branch. Even though they had insisted on a cashiers check, I had used a regular check and a credit card. I managed to stop pay on the check and reverse the credit card transaction. No one there ever told me the truth until after they got their money.

- Joe

1stintegritymort

1297 Posts

Posted - 03/25/2008 : 11:05:57 AM

quote:
Originally posted by jordanb

Pacific Bancorp is the worst. The biggest crooks and scumbags! What was your experience?

are you sure this is the same company as pacdex?

jordanb

355 Posts

Posted - 03/25/2008 : 4:38:40 PM

THANKS BOB FOR THE REFERENCE! YES, THIS IS THE SAME COMPANY. PACDEX IS THEIR PATENTED SOFTWARE PROGRAM THEY USE.

1003s.com

3216 Posts

Posted - 03/28/2008 : 11:38:58 AM

Jordanb,

thanks for shedding some light on the name switching.

nevets

256 Posts

Posted - 03/28/2008 : 11:53:53 AM

I was offered a position with them and I am considering it they want 2k for sign up. How did they take advantage of you?

gleech403

38 Posts

Posted - 03/28/2008 : 12:26:37 PM

FYI - As a HUD licensed mortgagee, it is illegal to accept up front reserves. HUD calls it "Branch Infusion."

riley1p

186 Posts

Posted - 03/28/2008 : 1:26:20 PM

This is Pacific Bancorp... They are very crooked and they steal your money...Try calling them. Ask for Mike....He is supposed to be the head honcho over there. Their office is in Herron Bay in Parkland Florida out of a office suite with a common secretary that answers the phones for 40 different companies....
I AM ON YOUR BAND WAGON...THEY STOLE MY SIGN UP FEE...

quote:
Originally posted by gleech403

FYI - As a HUD licensed mortgagee, it is illegal to accept up front reserves. HUD calls it "Branch Infusion."

dekohler

7 Posts

Posted - 03/30/2008 : 07:26:39 AM

You are being offered a job but you would have to pay $2000? Yikes

quote:
Originally posted by nevets

I was offered a position with them and I am considering it they want 2k for sign up. How did they take advantage of you?

jordanb

355 Posts

Posted - 03/31/2008 : 03:18:11 AM

-Bob

I appreciate your referencing me on this issue.

**To All my fello BO Members, your better off making a donation to the Red Cross than pissing your money away with Pacific Bancorp (aka..PacDex).

dekohler

7 Posts

Posted - 03/31/2008 : 04:55:28 AM

Just to give you an idea pacdex' temperament and professionalism. This is from one of the owners in response to my request to get my money back or that I would take legal action. Below is the entire email - no edits or omissions.

From: DENIS SANTOLI [mailto:denis@pacbanc.com]
Sent: Wednesday, March 26, 2008 12:12 PM
To: dekohler@earthlink.net
Subject: [SPAM]

Hey, loser, get a life!!

jorgsacul

30 Posts

Posted - 03/31/2008 : 1:14:38 PM

http://courtgate.coca.co.clark.nv.us:8490/DistrictCourt/asp/CaseActivity.asp

Case 07-A-538024-C Status ACTIVE
Plaintiff Pacific Bancorp Attorney Worden, John S.
Defendant Kusnadi, Ramali S Attorney Holper, Scott M.
Judge Leavitt, Michelle Dept. 12

--------------------------------------------------------------------------------
Filed Date 03/20/2007 Closed Date
Last Hear 11/19/2007 For PLTFS' MTN FOR LEAVE TO FILE SUPPLEMENTAL PLEADING

riley1p

186 Posts

Posted - 04/28/2008 : 4:45:37 PM

Any new nes on the scumbags at Pacific???

quote:
Originally posted by jorgsacul

http://courtgate.coca.co.clark.nv.us:8490/DistrictCourt/asp/CaseActivity.asp

Case 07-A-538024-C Status ACTIVE
Plaintiff Pacific Bancorp Attorney Worden, John S.
Defendant Kusnadi, Ramali S Attorney Holper, Scott M.
Judge Leavitt, Michelle Dept. 12

--------------------------------------------------------------------------------
Filed Date 03/20/2007 Closed Date
Last Hear 11/19/2007 For PLTFS' MTN FOR LEAVE TO FILE SUPPLEMENTAL PLEADING

dekohler

7 Posts

Posted - 04/29/2008 : 02:36:21 AM

[quote]Originally posted by riley1p

Any new nes on the scumbags at Pacific???[quote]Originally posted by jorgsacul

http://courtgate.coca.co.clark.nv.us:8490/DistrictCourt/asp/CaseActivity.asp

I have nothing on the case mentioned above. I am, however, proceeding with my complaint in the Fulton County (GA) court system. For some reason their software contract mandates that all disputes be remedied in the Atlanta area.

Unless otherwise precluded by a settlement agreement, I will keep you all posted on the disposition of the case.

Rumor is they are about to lose a case in the Northeast.

Further, I believe they are using their branches' licenses to give the appearance that they are licensesd in all 50 states. I have contacted one of their major investors and hope to get in front of them in the coming weeks - I am hopeful that once they fully understand how pacdex operates, they will take some action.

dreamjob

149 Posts

Posted - 04/29/2008 : 07:06:10 AM

Hi!

Do you know where I can find the info regarding the "Branch Infusion"? I was interested in signing up with a Fed Chartered Bank called: "Home Savings of America" and they want a deposit, so I haven't signed up yet. Has anyone heard of them?

Is it different for a Fed Chartered Bank?

Does anyone know?

Thank you!!
Yvonne

quote:
Originally posted by gleech403

FYI - As a HUD licensed mortgagee, it is illegal to accept up front reserves. HUD calls it "Branch Infusion."

jorgsacul

30 Posts

Posted - 05/29/2008 : 4:52:41 PM

Hahaha....i went there to see the case...platiff asked the judge for PARTIAL judgement on the PACDEX fee that they claim the defendant using to keep $24,000 fee. Very intersting...didn't see plantiff, only their reps. i think they scared someone might stab them because they cheated to many people. Defendant counter back saying holding 24,000 payroll check is against labor law!....crazy...i only went to the last one, i can see this case drag for 1 year now

Filed Date Description Performed
05/27/2008 PLTFS REPLY BRIEF IN SUPPORT OF THEIR MTN FOR PARTIAL SUMMARY JUDGMENT 06/02/2008
For All Parties
Filed By Multiple FILED BY Parties 9 pages
05/23/2008 AFFIDAVIT OF VALERIE L GREEN ATTACHING PROPOSED ORDER GRANTING PLAINTIFFS 06/02/2008
Outcome SCHEDULED
For All Plaintiffs
Filed By All Plaintiffs 6 pages
05/09/2008 OPPOSITION TO PLTFS MOTION FOR SUMMARY JUDGMENT
For Kusnadi, Ramali S
Filed By Kusnadi, Ramali S 156 pages
05/07/2008 PLAINTIFFS PACIFIC BANCORPS AND HOME SURE MORTGAGE INCS NOTICE THAT DEFENDANT 06/02/2008
Outcome SCHEDULED
For All Parties
Filed By All Plaintiffs 3 pages
05/09/2008 AFFIDAVIT OF VALERIE L GREEN ATTACHING PROPOSED ORDER GRANTING PLAINTIFFS 05/09/2008
For All Plaintiffs
Filed By All Plaintiffs 5 pages
05/07/2008 AFFIDAVIT OF VALERIE L GREEN IN SUPPORT OF PLAINTIFFS NOTICE THAT DEFENDANT DID 05/07/2008
For All Plaintiffs
Filed By All Plaintiffs 15 pages
04/22/2008 AFFIDAVIT OF VALERIE L GREEN IN SUPPORT OF PLAINTIFFS MOTION FOR PARTIAL SUMMARY 06/02/2008
Outcome SCHEDULED
For All Plaintiffs
Filed By All Plaintiffs 112 pages
04/22/2008 PLTFS BANCORP/HOME SURE MORTGAGE MTN FOR PARTIAL SUMM JUDGEMENT/3 06/02/2008
For All Parties 11 pages
12/17/2007 DEFENDANT/COUNTERCLAIMANTS ANSWER TO PLAINTIFF/COUNTER-DEFENDANTS SECOND 12/17/2007
For Kusnadi, Ramali S
Filed By Kusnadi, Ramali S 7 pages
12/06/2007 COMMISSIONERS DECISION ON REQUEST FOR EXEMPTION 12/06/2007
Outcome GRANTED
For All Parties
Filed By State of Nevada 7 pages

Entries: (1 - 10) | (11 - 20) | (21 - 30) | (31 - 34)

quote:
Originally posted by dekohler

[quote]Originally posted by riley1p

Any new nes on the scumbags at Pacific???[quote]Originally posted by jorgsacul

http://courtgate.coca.co.clark.nv.us:8490/DistrictCourt/asp/CaseActivity.asp

I have nothing on the case mentioned above. I am, however, proceeding with my complaint in the Fulton County (GA) court system. For some reason their software contract mandates that all disputes be remedied in the Atlanta area.

Unless otherwise precluded by a settlement agreement, I will keep you all posted on the disposition of the case.

Rumor is they are about to lose a case in the Northeast.

Further, I believe they are using their branches' licenses to give the appearance that they are licensesd in all 50 states. I have contacted one of their major investors and hope to get in front of them in the coming weeks - I am hopeful that once they fully understand how pacdex operates, they will take some action.

velecico

3644 Posts

Posted - 05/29/2008 : 5:19:02 PM

You need a class to have class action

velecico

3644 Posts

Posted - 05/29/2008 : 5:21:31 PM

The deposit goes into YOUR P and L , thats totally diffrerent , if you dont have 2-3 months reserves dont even consider a net

LOANGUYNYC

105 Posts

Posted - 05/29/2008 : 6:27:44 PM

quote:
Originally posted by dekohler

Anyone who has been taken in by this company (aka north american funding, north american home loans, north american real estate services, etc) and who can show a tangible loss ($$$) please contact me at dekohler @ earthlink.net. We are looking at the possibility of a class-action suit.

Have you been able to serve them?? they seem to be great at hiding from people who want to bring them to justice...

dekohler

7 Posts

Posted - 05/30/2008 : 02:09:54 AM

It is before the magistrate and we'll just have to see if they even show up. I sort of hope they don't then we can file with FL sheriff's office and to take the 'equivalent'of what they owe me. Assuming they even have anything of value.

quote:
Originally posted by LOANGUYNYC

quote:
Originally posted by dekohler

Anyone who has been taken in by this company (aka north american funding, north american home loans, north american real estate services, etc) and who can show a tangible loss ($$$) please contact me at dekohler @ earthlink.net. We are looking at the possibility of a class-action suit.

Have you been able to serve them?? they seem to be great at hiding from people who want to bring them to justice...

gleech403

38 Posts

Posted - 05/30/2008 : 09:40:10 AM

FHA Single Family / 4060.1 REV-2: Mortgagee Approval Handbook / CHAPTER 2:
REQUIREMENTS FOR INITIAL AND CONTINUING FHA APPROVAL (08/06) / PART
A: REQUIREMENTS FOR ALL MORTGAGEES (08/06) / 2-14: PROHIBITED BRANCH
ARRANGEMENT (08/06)
2-14: PROHIBITED BRANCH ARRANGEMENT (08/06)
An approved mortgagee may not originate or service FHA insured mortgages from branches that
do not meet FHA requirements.
A. Separate Entities Acting as a Branch Office. An approved mortgagee is prohibited from
engaging an existing, separate mortgage company or broker to function as a branch of the
approved mortgagee and allowing that separate entity to originate insured mortgages
under the approved mortgagee's FHA mortgagee number. This constitutes a prohibited
branch arrangement. Separate entities may not operate as "branches" or "DBAs" of a FHA
approved mortgagee. If the separate entity was purchased and legally merged into the
approved mortgagee in compliance with applicable state law(s), the approved mortgagee
must provide a copy of the merger documents and state license(s) to FHA's Lender
Approval and Recertification Division, as described in paragraph 6-17.
B. Certain Employment Agreements. A FHA approved mortgagee must pay all of its
operating expenses including the compensation of all employees of its main and branch
offices. Other operating expenses that must be paid by the FHA approved mortgagee
include, but are not limited to, equipment, furniture, office rent, utilities and other similar
expenses incurred in operating a mortgage lending business. A branch compensation plan
that includes the payment of operating expenses by the branch manager, any other
employee or by a third party is a prohibited arrangement. The following includes some, but
not all, examples of unacceptable provisions in employment agreements:
• Require all contractual relationships with vendors such as leases, telephones, utilities,
and advertising to be in the name of the "employee" (branch) and not in the name of
the FHA approved mortgagee;
• Require the "employee" (branch) to indemnify the FHA approved mortgagee if it
incurs damages from any apparent, express, or implied agency representation by or
through the "employee's" (branch's) actions; and
• Require the "employee" (branch) to issue a personal check to cover operating
expenses if funds are not available from an operating account.

1stintegritymort

1297 Posts

Posted - 05/30/2008 : 09:43:28 AM

quote:
Originally posted by LOANGUYNYC

quote:
Originally posted by dekohler

Anyone who has been taken in by this company (aka north american funding, north american home loans, north american real estate services, etc) and who can show a tangible loss ($$$) please contact me at dekohler @ earthlink.net. We are looking at the possibility of a class-action suit.

Have you been able to serve them?? they seem to be great at hiding from people who want to bring them to justice...

you would have much better luck serving their Resident Agent as opposed to them directly. just do a search on the secretary of state's website. do an entity search and the Resident Agent information should be on the filing.

1003s.com

3216 Posts

Posted - 05/30/2008 : 10:16:21 AM

quote:
Originally posted by 1stintegritymortgage

quote:
Originally posted by LOANGUYNYC

quote:
Originally posted by dekohler

Anyone who has been taken in by this company (aka north american funding, north american home loans, north american real estate services, etc) and who can show a tangible loss ($$$) please contact me at dekohler @ earthlink.net. We are looking at the possibility of a class-action suit.

Have you been able to serve them?? they seem to be great at hiding from people who want to bring them to justice...

you would have much better luck serving their Resident Agent as opposed to them directly. just do a search on the secretary of state's website. do an entity search and the Resident Agent information should be on the filing.

Good point Mike.

LOANGUYNYC

105 Posts

Posted - 05/30/2008 : 11:01:43 AM

quote:
Originally posted by 1stintegritymortgage

quote:
Originally posted by LOANGUYNYC

quote:
Originally posted by dekohler

Anyone who has been taken in by this company (aka north american funding, north american home loans, north american real estate services, etc) and who can show a tangible loss ($$$) please contact me at dekohler @ earthlink.net. We are looking at the possibility of a class-action suit.

Have you been able to serve them?? they seem to be great at hiding from people who want to bring them to justice...

you would have much better luck serving their Resident Agent as opposed to them directly. just do a search on the secretary of state's website. do an entity search and the Resident Agent information should be on the filing.

Problem is that in FL the registered agent can also be an officer of the company...and guess who the reg agent is in this case??! They don't have a independent reg agent therefore sending a process server to find them is the only way to get these guys served without spending hundreds to serve them publicly in a law journal or something like that...they have gone to great lengths to make sure no one can serve them...

judging from prior suits, it seems they don't show up to court at all...I hope you get what's yours..

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