• Report: #712225

Complaint Review: Securtiy Trust Deed Service dba Peninsula Equity Funding

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  • Submitted: Wed, March 30, 2011
  • Updated: Wed, March 30, 2011

  • Reported By: Saan — Poway California United States of America
Securtiy Trust Deed Service dba Peninsula Equity Funding
3276 Rosecrans St., Suite 101, San Diego, California 92110 Internet United States of America

Securtiy Trust Deed Service dba Peninsula Equity Funding Kristopher Lee Lingo, William G. Dickey, WGC Real Estate Services, Lenders Trust Opportunity Investments, LLC, Timothy J. Truxaw, Esq., California Trustee Services, Thomas Dandrea Illegal Notarization(Violation Govt. Code 8224); Violation CA Civil Code 2923.5; Predatory Lending Practices Internet

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My family and I have been victimized by Kristopher Lee Lingo, Broker-President(RE License# 00672316 & 01291107)and William G. Dickey, Broker-Partner, (RE License #01196449 & 01382564) principals of Security Trust Deed Service dba Peninsula Equity Funding, Inc. Their addresses are: 3639 Midway Drive, #405, San Diego, CA  92110 (this is a Commercial Mailbox) - 5920 Friars Road S206, San Diego, 92108; 3276 Rosecrans Street, Suite 101 San Diego, CA 92110

William G. Dickey, illegally notarized Krisopher Lee Lingo's signature on the Substitution of Trustee, because it is clearly stated on the document the he was a direct beneficiary.  This is a violation of Government Code 8224.  Another notary in their office, M. Simpson, then notarized William Dickey's signature at a later date.  This has caused us to try and fight it court, to our financial detriment.  The courts refuse to acknowledge or consider this violation.  We are a family with school age children and several pets and we are going to lose our home due to this illegal act.  I know that we are not the only victims of these creatures.  They have been doing business in San Deigo for 28 years according to their website.  They claim they have investors, but in actuality they and they family members are the investors as well as member of their so called staff.  (Found this out by documents at the county recorders office and comparing them to the staff listed on their website).  They are all direct beneficiaries of all the loans and foreclosures they commence.  Their attorney Timothy Truxaw misrepresented facts in court and perjured himself, but again the court just ignored the facts.

I have done a brief search in the San Diego County Recorder's office, focusing only on Substitutions of Trustees and have found others that have been notarized in the same manner.  Kristopher L. Lingo and William G. Dickey also notarize each other signatures.  They also use California Trustee Services, Inc. where Thomas Dandrea is the agent.  Address is 3639 Midway Drive, #232, San Diego, CA 92110 (Commercial Mailbox - no actual office address found).

Other business operated by these people include:

WGD Real Estate Services, Inc. William G. Dickey, Manager, Timothy J. Truxaw, Agent of Service
Address: 3639 Midway Drive, Suite B#420, San Diego, CA 92110;3276 Rosecrans Street, Suite 101, San Diego, CA 92110 (Timothy J. Truxaw is also their attorney -15373 Innovation Drive, Sutie 210, San Diego, CA 92128

Lenders Trust Opportunity Investments, William G. Dickey, Manager, Timothy J. Truxaw, Agent of Service - Address 3639 Midway Drive, Suite B#420, San Diego, CA 92110 (commercial mailbox - no actual office address found).

According to Secretary of State Website: Peninsula Equity Funding was dissolved in 1994.  The agent of service was Timothy J. Truxaw.  This business then became Peninsula Equity Funding, Inc.

Both Lingo & Dickey have had their licenses suspended by the DRE in 2007, but since has been reinstated.  I have filed complaints with the Sec. of State Notary Investigation Service, and the DRE, and even contacted my congressman, but to no avail - either they are backlogged, waiting for one agency to finish their investigation, or as my congressman's office put it "not in their jurisdiction."

Any assistance in this matter is greatly appreciated.  This type of situation can set precedent and will be able to help other homeowners/borrowers in our situation.

This report was posted on Ripoff Report on 03/30/2011 10:29 PM and is a permanent record located here: http://www.ripoffreport.com/r/Securtiy-Trust-Deed-Service-dba-Peninsula-Equity-Funding/internet/Securtiy-Trust-Deed-Service-dba-Peninsula-Equity-Funding-Kristopher-Lee-Lingo-William-G-712225. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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