Kellene Bishop, a scammer who ran a course called Commercial Career, now runs Preparednesspro.com.
She recently wrote a despicable blog about the hard money world and the loan commitment fees involved.
THIS CRAZY PIG DID THE SAME EXACT THING AND MORE WITH HER COMMERCIAL CAREER COURSE. SHE TOOK HUGE RETAINER FEES THAT THE HARD MONEY PEOPLE COULD ONLY DREAM OF AND DIDN'T HAVE ANY SOURSES TO FUND THE LOANS!
She then claimed bankruptcy for over TWO MILLION DOLLARS!
Look at what the slob wrote:
Many years ago I frequently rubbed elbows with the hard-money world of commercial lending. As an expert educator in the world of commercial finance, I simply could not have a functioning knowledge of the industry without being exposed to what was known as “hard-money lending.” Hard-money loans typically come with some steep prices. The first fee one would usually have to pay is an “application fee.” This particular fee is required simply for the privilege of having your funding request considered. Many such fees are non-refundable and would be as much as 1% to 3% of the value of the loan request. After your project is given a preliminary approval you may then be required to pay a “commitment fee.” This fee is anticipatory of the underwriting, inspection, legal, and appraisal costs that may or may not be necessary to process your funding request. Regardless of what the anticipated costs really are on a project, commitment fees are typically another 1-3% of the total value of a funding request and to add insult to injury, they are usually non-refundable as well. Then, assuming that all goes well during the processing of your hard money loan, just before closing you will get your written approval. However, in many instances you will be required to pay a “funding fee” which is essentially more money that you had to put up to show them your level of commitment to the funding. (Irrelevant of the fact that your other monies should have already clearly conveyed such a commitment previously.) This fee can be a mere $10,000-$50,000 or it can be greater. In most instances this fee is refunded immediately upon the funding of your deal, but it’s still cash that you’ve got to come up with just to get your deal done. (Are you tired yet?) Then, upon the closing and funding of your loan, you will be assessed approximately 15-22 points of the loan amount, plus an interest rate as high as 30 percent! Are you worn out and horrified yet?
THIS IS EXACTLY WHAT KELLENE THE SLOB DID!!!!!!!!!!!!!!!!
STAY AWAY FROM THIS INSANE PIG!!!!!!!!!!!!!!!!!!!!
Here is the form from the lawfirm that represented former clients of the slob:
Kellene Bishop offered a "no questions asked money back guarantee" to her "students". She turned around and sent out a 20-page questionnaire out to her "graduates" when they asked for refunds and denied almost all of them.
Disgruntled graduates have filled out this questionnaire from the Bander Law Firm for the big suit:
Commercial Career Questionnaire
Name:____________________
Date:_____________________
1. How did you hear about Commercial Career?
0 Word of mouth
Who___________________________________
When__________________________________
0 Internet
Did you search for a training course or did you receive a solicitation or email?
________________________________________________________________________________________________________________________________
0 Mail Ad
0 Fax
0 Magazine/newspaper ads
Please provide the original or copies if available
2. Do you have any copies of the website (or other document) promising that if you took the course you would make $750,000 in the first 12 months of taking the course? If so please provide any such copies to us.
3. Did you attend a free commercial loan workshop?
When___________________________________
Where___________________________________
With whom________________________________
What happened at the workshop?
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________(attach extra pages if needed)
4. Describe all contacts you had with Commercial Career from the first contact to the last. (Please put your description in chronological order.)
________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
5. What services or products have you bought from Commercial Career?
________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Do you have receipts or other documents to prove what you bought? (Cancelled checks, credit card statements, Receipts for the hotel, airplane or car rental for the trip)
________________________________________________________________________________________________________________________________________________________________________________________________
6. Please provide copies of all course materials or anything else you received during events and seminars by Commercial Career.
7. Did you attend any other events such as Reunions?_________________
Where___________________________________________________________
When____________________________________________________________
With whom_______________________________________________________
What happened there_______________________________________________
8. Why did you sign up for the Commercial Career course? Did you really believe you would make $750,000 in the first year after the course? If so, what made you believe that promise?
________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
9. What did you do after the course to make the $750,000 as promised?
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
What documents do you have to show what you did?
________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
10. Please describe your education from High School and up.
________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
11. Please describe your work experience – (focused on the mortgage business, both residential and commercial. Do not give every job since high school. Only those related to real estate, running your own business, and the mortgage industry)
________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
12. Did you buy any forms from Commercial Career? (Such as the fee agreement to be used with your future clients?)
________________________________________________________________________________________________________________________________________________________________________________________________
13. Specifically list all the promises that were made to you:
What was promised________________________________________________
Who said it_______________________________________________________
When was it said to you_____________________________________________
Any witnesses____________________________________________________
Any documents to prove it was made___________________________________
________________________________________________________________________________________________________________________________
14. Did you do any business or have any contacts with the following:
0 Kellene Bishop
0 Scott Bishop
0 Blue Screen Marketing LLC
0 Beehive Commercial
0 Beehive Commercial Lending
0 Servicing Division
0 CFS Association
When___________________________________________________________
Where___________________________________________________________
Describe it________________________________________________________
Any witnesses_____________________________________________________
Any documents to show what happened________________________________
_______________________________________________________________________
15. Did you ever submit loan applications to the affiliates of Commercial Career and pay large application fees? (or have your clients pay them)?
0 Yes
0 No
Who did you submit it to?____________________________________________ Describe the deal/Explain what happened_______________________________
How much loan application fee was paid?_______________________________
Were you told that you were submitting to a direct lender or a loan broker?__________________________________________________________
16. Did you ever hear about someone named Kent Sullivan doing a $150 million deal because of the Commercial Career course? _______________
When____________________________________________________________ Who said it_______________________________________________________ Where__________________________________________________________ Other details______________________________________________________
17. Is there anything else you know about the following people or entities?
Kellene Bishop___________________________________________________
Scott Bishop_____________________________________________________
Blue Screen Marketing LLC_________________________________________
Beehive Commercial_______________________________________________
Beehive Commercial Lending_______________________________________
Servicing Division_________________________________________________
CFS Association_________________________________________________
______________________________________________________________________________________________________________________________________________
18. Is there anything else you would like to tell us?