Posts by swiftcyclist58

Raymond Bishop41 said:Were you perhaps talking about Hypo Real Estate Inc.? Does anyone here know anything about these thieves? If anyone has info, please reach out. Shady brokers, working alongside crooked American lawyers and notaries, along with what were then the top Austrian execs, ruined my family and about 20 others just like us. We had it the worst—some of us were paying our installments religiously until that "bank" collapsed and everyone ended up in jail (except for those crook middlemen). We thought everything was totally legitimate, but 👎 Basically, it's been six years of lawsuits, foreclosures, and public auctions for the full amount of the loans and leases, because they refuse to acknowledge the payments we already made. They're being represented by a big law firm in Chicago. Financially and morally, they've destroyed us. Our court system seems completely blind to this kind of fraud; legally speaking, we're powerless. The lawyers have bled us dry, and we can't even afford to keep fighting these court cases. We're going to lose everything, even though we actually paid off the loan.

I have a few questions: first, why haven't you reported this to the District Attorney? Second, how on earth can they sue you for the total amount while ignoring your payments, assuming you actually kept your receipts? And third, if you were paying either in Austria or back home through a registered loan with Bank of America, there's no way this could happen unless something is seriously wrong... You mentioned those people ended up in prison, so where is the issue? Surely you have the documentation, right? I know colleagues who paid off their loans in full and had the bank release the mortgage without a single hitch, specifically when dealing with Ford Motor Company...

steeltrucker10 said:So, I gave the bank in the USA a call this morning. Here’s the deal they laid out: they're looking for a 1:3 mortgage ratio, three pay stubs, a 9% interest rate, and a 10-year term. The cap on the loan amount is $100,000.

There you have it...

swiftcyclist58 said:Are you kidding me with this Dubai nonsense? Just head over to Austria and deal with JPMorgan Chase directly! We've already been burned by those Dubai outfits before, and let me tell you, it's nothing but a massive scam... If you need actual information, just use the internet like a normal person; if someone needs a loan, they should just hit up Google, search for Wells Fargo in Salzburg or St. Stephen or Bad Radkersburg, and you'll find the banks immediately. Their websites provide every single detail, from staff names down to the specifics, so you'll know exactly who you're talking to, and most branches have bilingual staff who speak both German and English or even Spanish. For an initial contact, it wouldn't hurt to find someone fluent in German or English, and once you call the headquarters, just tell them straight up that you're calling regarding a mortgage—that's really the whole game, people. Every one of those banks is roughly a forty-minute drive from Sankt Veit. And that's it, it's really that simple...👍

And one more thing. Along with the names, they provide direct phone numbers for the employees, and that's the end of it; they will explain everything to you, from what documentation you need to whatever else comes up. There you go, people. Oh, and another point. Everything you receive as an honorarium or through rentals and such is viewed as income, but when they start asking about utilities and monthly living expenses, you should list them as low as possible, because that increases your creditworthiness, plain and simple...

steeltrucker10 said:Hey everyone! I’m new here, but honestly, I’m dealing with the exact same headaches you all are. We’ve been waiting on a loan from the Axa Group out of Dubai for seven months now. Our broker keeps telling us to just hang in there and be patient, but after seven long months, our patience has officially run out. I’ve been reading through these threads about loans from Austria, and we’ve decided to try going that route instead. We're trying to buy this beachfront property with apartments right on the coast near Santa Barbara, and everything is ready to go. All our paperwork is spotless and we already submitted everything to Axa, yet we're still staring at empty pockets. I was hoping if mellowrider10 could do me a huge favor and give me a call at ... actually, let's just say ... I’d love to pick her brain a bit more about this whole loan situation. Also, has anyone else ever dealt with the Axa Group? Has anyone here actually had any experience with them?

Are you kidding me with this Dubai nonsense? Just head over to Austria and deal with JPMorgan Chase directly! We've already been burned by those Dubai outfits before, and let me tell you, it's nothing but a massive scam... If you need actual information, just use the internet like a normal person; if someone needs a loan, they should just hit up Google, search for Wells Fargo in Salzburg or St. Stephen or Bad Radkersburg, and you'll find the banks immediately. Their websites provide every single detail, from staff names down to the specifics, so you'll know exactly who you're talking to, and most branches have bilingual staff who speak both German and English or even Spanish. For an initial contact, it wouldn't hurt to find someone fluent in German or English, and once you call the headquarters, just tell them straight up that you're calling regarding a mortgage—that's really the whole game, people. Every one of those banks is roughly a forty-minute drive from Sankt Veit. And that's it, it's really that simple...👍

mellowrider10 said:Forgot to mention—he told me they wouldn't be back in action until the 20th because of some internal audit.

The reason I’m laying all this out is because there’s a lot going on here, and honestly, I don't think there's much left to say regarding what you just posted... just head straight to the Bank...🙏

swiftcyclist58 said:And who exactly were you all paying all that money to? Seriously, a guarantee that you will take out a loan... has anyone ever even heard of paying a guarantee just to secure a loan? That is what a loan is, period. It's not like someone is selling you a car where you pay a deposit, or a house where you pay a down payment... this is pure nonsense, and I am firmly stating that there is enough evidence here for the Department of Justice to get involved in a major way... how many of you have been scammed by falling for these phantom costs? And who is this "intermediary" who is so diligent about taking your money while the loan remains nowhere to be found? Did you actually receive the payout? Of course not, because you've been played in every possible sense, since even if you did manage to get the loan, I will say it again and I stand by it: ALL COSTS SHOULD BE DEDUCTED EXCLUSIVELY FROM THE LOAN PROCEEDS, AND SOLEMNIZATION IS PAID JUST 24 HOURS BEFORE DISBURSEMENT IF A MORTGAGE IS INVOLVED AND YOU ARE TRAVELING TO AUSTRIA, AND FOR UNSECURED LOANS, THE PAYOUT HAPPENS FIVE MINUTES AFTER THE CONTRACT IS SOLEMNIZED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! REPORT THESE SCAMMERS TO THE DEPARTMENT OF JUSTICE BECAUSE TAKING MONEY UPFRONT IS A CRIMINAL OFFENSE!!!!!!!!!!!!!!!!! I will personally give you the direct number for an attorney who represents banks in Austria, because this thievery needs to be stopped once and for all!!!!!!! Why are you giving money to intermediaries? If they were legitimate professionals, they wouldn't dare take a single cent from you upfront, because they would be kicked out of the bank instantly!!!!!!!!!!!!!!!!!!!!!!!

And for heaven's sake, the bank isn't called Salzburg, that's just the location; their legal representative is based solely in V, and the bank itself is Citigroup, which is part of the JPMorgan Chase group, so now you all know the truth!!!!!!!! And don't bother going through any other brokers because they are all running scams. As for the other JPMorgan Chase branches, you could count them on one hand—those that actually finance America—and yes, it's true they pick their locations, and it's also true, I repeat, that only a handful of people actually run those branches across the entire US, and they aren't financing the Midwest, Appalachia, Yellowstone, the Central Coast, Kansas, or Oklahoma, NO, they only focus on the primary coastal regions and major cities in the SZ area, and that has been Stopped!!!

Timothy Edwards2 said:Wishing everyone the very best in this new year of 2011.

As of today, January 1st, Americans finally have the legal right to take out loans and maintain savings accounts in foreign currencies.

Given that our supposedly "affordable" mortgage rates are effectively hovering around 10%, and since these are all such long-term commitments, one begins to wonder if we will even be around to see them paid off—or if our pensions will even cover the monthly installments.

I suppose what we really need to understand is how one actually manages to "beat" a mortgage, if such a thing is even possible for us.

I fear, quite candidly, that this newfound flexibility might just be a clever facade designed to facilitate lending to foreign-owned banks and certain American entrepreneurs operating abroad.

you need to realize that you don't stand a prayer right now with these wages and this level of debt, and the IRS is still going to come looking for their cut, not to mention there are plenty of people who already have offshore accounts and simply refuse to pay back anything at all... so tell me, who do you think is actually going to extend credit to us mere mortals? Absolutely nobody.

Ronald Wood8 said:Hey everyone,
I see someone asking about Bank of America in Austria. Just to share my experience: I’m currently in the middle of trying to settle something with them, and this whole ordeal has been dragging on for three months now. I'm working through an intermediary and have already shelled out a significant amount of money—covering things like promissory notes, solemnization, loan guarantees, and the funds for the transfer to the US. Now, I'm just stuck waiting. Honestly, I don't know whether to keep playing the waiting game or if it's time to escalate this to a higher level. My agent reaches out constantly, but every single time there's some new hurdle. Am I being stalled, or did I just make a massive mistake?

And who exactly were you all paying all that money to? Seriously, a guarantee that you will take out a loan... has anyone ever even heard of paying a guarantee just to secure a loan? That is what a loan is, period. It's not like someone is selling you a car where you pay a deposit, or a house where you pay a down payment... this is pure nonsense, and I am firmly stating that there is enough evidence here for the Department of Justice to get involved in a major way... how many of you have been scammed by falling for these phantom costs? And who is this "intermediary" who is so diligent about taking your money while the loan remains nowhere to be found? Did you actually receive the payout? Of course not, because you've been played in every possible sense, since even if you did manage to get the loan, I will say it again and I stand by it: ALL COSTS SHOULD BE DEDUCTED EXCLUSIVELY FROM THE LOAN PROCEEDS, AND SOLEMNIZATION IS PAID JUST 24 HOURS BEFORE DISBURSEMENT IF A MORTGAGE IS INVOLVED AND YOU ARE TRAVELING TO AUSTRIA, AND FOR UNSECURED LOANS, THE PAYOUT HAPPENS FIVE MINUTES AFTER THE CONTRACT IS SOLEMNIZED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! REPORT THESE SCAMMERS TO THE DEPARTMENT OF JUSTICE BECAUSE TAKING MONEY UPFRONT IS A CRIMINAL OFFENSE!!!!!!!!!!!!!!!!! I will personally give you the direct number for an attorney who represents banks in Austria, because this thievery needs to be stopped once and for all!!!!!!! Why are you giving money to intermediaries? If they were legitimate professionals, they wouldn't dare take a single cent from you upfront, because they would be kicked out of the bank instantly!!!!!!!!!!!!!!!!!!!!!!!

Richard Wright said:In America, obviously...
These "Austrians" are basically targeting people who are drowning in debt back home, or maybe they're on a black list, or some other reason why they don't meet the basic requirements for a standard loan...
Look, the whole setup is pretty sketchy. You’re essentially crossing borders with a massive pile of cash without reporting it. It's gray area territory.
As for the "agents"? You can spot a fraudster from a mile away during that first meeting. Just trust your gut.

that’s just not how it works, because the money goes directly into the citizen's US bank account; if there's an existing loan, it gets paid straight to the bank holding the debt, and most importantly, the loan has to be reported to the Federal Reserve, at which point the monthly installments are handled normally at any branch of any bank using a standard payment slip provided by your lender... furthermore, all creditor banks are required to register here in the States and maintain their own legal representatives, meaning they need public notaries and attorneys on hand... so everything is perfectly legal and transparent... what actually happens is that our people DON'T WANT to report their loans to the Fed, and we all know exactly why they avoid doing that... if they could just shuffle credit around here in America, they would, because after closing out five or six loans with an Austrian lender, they'll just come back in a few years to take out more loans here since they'll be considered perfectly clean... I mean, who is going to grant them a loan if they are already hundred thousand dollars in the hole in Austria? That's why they don't report it to the Fed, and instead, they just pay the loan off in Canada... so, the banks are operating legally, but our people fail to report the credits, and then this massive reputation gets built up around it... please, give me a break, nobody is smarter than us Americans when it comes to moving money from one empty pocket to another when it comes to loans...

dustyhawk73 said:I honestly can't help but wonder if any of you have actually had any real experiences trying to secure a loan?
Personally, I was left completely disillusioned during my time in Santa Barbara. There is this outfit called Euro Partner LLC that presents itself on their website as Europartner D—which isn't even how they are listed in the official business registries as Euro Partner LLC—and they claim to find "fast" international loans specifically for us American citizens. It is nothing short of a total scam. For several months, this woman, M. M., just kept leading me on; I ended up handing over several thousand dollars because she kept insisting she "had" to travel to Austria to finalize my loan. In the end, she just brushed me off, saying she’d spent far too much time on me and that whatever I’d paid her was just a tiny pittance anyway. Honestly, it makes me wonder... if M. M. from Santa Barbara treats everyone looking for a loan the way she treated me, $2.00 she probably doesn't even need to bother trying.

😕

If you just hand out extra cash to anyone who asks, you might as well give it to a charity or the poor; of course you were conned, dear, and your only real recourse now is to take this straight to the Department of Justice and file a criminal complaint...

mellowrider10 said:So, I just got an email from Wells Fargo in Salzburg. They’re basically saying they aren't approving any more loans for the US right now because people haven't been paying them back.

And honestly, they won't be approving anything else for the foreseeable future, because people across the country have been playing fast and loose with their paperwork on such a massive scale that the bank is basically left holding an empty bag... so there you have it...

Walter Martin56 said:Let's not drag this conversation into forums where it doesn't belong. I don't personally manage every single client my associates work with, just as an attorney wouldn't know my team unless they're directly involved. My role is to review all the paperwork; if something isn't right, I don't report it to the clients myself—I go back to whoever submitted the files. If the documentation is incorrect, I simply won't accept it. You'll have your papers mailed back to your address, so you can try to find someone else to sort it out, but without valid documents, you aren't going to get anywhere. There's really no point in debating this here, especially since it isn't your loan to begin with...

Honestly, this is the most absurd thing I’ve had the misfortune of reading in the last two years: "I don't contact all the clients my associates have," and so on and so forth... Let me set the record straight for you right now. Here is how things actually stand: first of all, when it comes to Austrian banks, only a handful of people in our beautiful country actually handle this, and most of them are nothing more than scammers. Second, there is no such thing as "associates of associates" because at JPMorgan Chase in Austria, only a select few individuals can even step foot through the door. Third, regarding that attorney who keeps getting mentioned—yes, he works, but unfortunately, he allowed himself to be surrounded by people he doesn't even know, people who are out there making absolute fools of themselves, and frankly, the man has finally realized what's happening. They were charging people phantom fees upfront, inventing various insurance policies, and fabricating assessments where a firm from San Diego always seemed to come out on top, along with a few other "independent artists" who found ways to grab cash quickly, which seems to be the trend among Americans lately since everyone wants something for nothing. Furthermore, yes, JPMorgan Chase used to hand out loans left and right, but now the non-performing loan rate is massive, and all financing toward America has been halted indefinitely, and that is solely and exclusively due to the fraudulent paperwork scams... SO JUST SO YOU KNOW, no costs are paid in advance, neither assessments nor anything else; all costs are deducted from the loan once it is approved, BUT AS OF NOW, THERE IS NO FINANCING—to be precise, everything has been completely stopped since February 2010!!! DO NOT FALL FOR THESE SELF-PROCLAIMED INTERMEDIARIES WHO HAVE NEVER EVEN SEEN JPMORGAN CHASE IN AUSTRIA, LET ALONE BEEN THERE!!!! And to you, dear lady, with your endless list of associates and their associates... one has to wonder how, or even if, you are actually conducting this business professionally, and how I know this, well, I won't tell you, because you might end up in prison for violating federal law...

James Cox6 said:It feels a little weird to me—besides the mortgage itself, what else are they going to grab as collateral? Our promissory notes don't hold any weight with them, and they aren't going to go after your entire estate via a writ.
Clearly, the ratio is going to be way more unfavorable for you than what this guy is claiming—it just doesn't make sense.

Our financial tools don't carry much value there because, with our local promissory notes and legal filings, they could theoretically freeze every single one of your accounts. Since our note lacks a solid legal basis with them, the only real collateral left would be the real estate.

Sure, they might give you lower interest rates, but then they'll just hike the required property valuation ratio—banks always look out for themselves first.

So, you just sign away your life on some foreign promissory note and hope for the best... I suppose that's just how the game is played...

Scott Johnson45 said:A 6% upfront fee is, quite frankly, predatory...
Is that going to the bank or some broker?

If we’re talking about predatory lending, let’s look at some of these local credit unions or small-town banks that don't give a damn about your credit score or your history, but they’ll hit you with a 25% down payment requirement, a 4% loan processing fee, a 7% unemployment insurance premium just in case things go south, plus another 4% for life or risk insurance—which is basically an $800 sinkhole—not to mention the notary fees, so by the time you’re done, you realize they’ve effectively clawed back half the loan before you even see a dime... BUT HEY, AT LEAST THEY DIDN'T CHECK YOUR FICO SCORE OR CREDIT REPORT😕 so you walk out of the branch with just enough cash to cover a tiny debt and a few hundred bucks in utility bills, leaving you maybe enough for a decent meal for the next three months... and oh, I almost forgot to mention they’ll only ever approve you for a third of your take-home pay...🙏

Jonathan Ward59 said:That previous post was actually talking about that new law that kicked in on 01.01.
If you actually have to transfer wages
I handled it—used an intermediary, traded some real estate, and ended up with the cash
I didn't have to move my paycheck anywhere at all

Listen closely, everyone😈HERE IS THE LATEST INTEL DIRECT FROM JP MORGAN: you aren't just going to walk in and grab a loan out there, because we're stuck with a corrupt former President, we have citizens drowning in debt, and now, most likely, they’re going to start looking at credit scores—meaning, they will be demanding official credit reports for all American citizens. Furthermore, they want original pay stubs; you might not need a specific credit rating, but banks aren't stupid, they'll jump online to check if the company you claim to work for even exists in the registry. Third, if they feel like it, they have staff who speak perfect English who will literally call your employer to verify your employment status... things like that weren't done until last year, but since there was a massive surge in mortgage holders who are now conveniently failing to pay back their banks, big institutions like Chase have basically said: fine, for the foreseeable future, we aren't going to finance America or its people, especially when they're only recovering about 10 percent of their total placements in the American market. Well, that's just what I heard firsthand... and as for transferring income or dealing with those administrative safeguards, they don't bother with them abroad because they assume the mortgage backed by pay stubs is enough, so if anyone wants to gamble with their roof over their head, be my guest, but... everything has shifted because Americans only pay what they are forced to pay via garnishments or legal seizures... so don't get too excited, because we AMERICANS don't exactly have a stellar reputation; in fact, we are considered such a high-risk zone that European banks won't even look at us, let alone finance us_!!!!!!

mellowrider10 said:Anyone here dealt with microfinance lenders that actually approve loans for people who are basically walking credit disasters?

Look, if your credit score is trashed, you aren't getting a loan anywhere in this country, period. And as for those shady firms that claim they’ll hand out money to people with zero credit... they are nothing but straight-up scammers, and you should run the other way as fast as you can!!!!! That includes the specific company you mentioned. Just call them up and ask what they want from you upfront—whether it's an appraisal fee, "processing costs," paperwork fees, or some bogus insurance policy—they always demand payment before they give you a dime. They are guaranteed frauds, and honestly, you should just report them directly to the FBI or the Attorney General's office immediately....