• Report: #133599

Complaint Review: Twin Cities Group-Novastar Home Mortgage-

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  • Submitted: Thu, March 03, 2005
  • Updated: Mon, March 26, 2007

  • Reported By:edina Minnesota
Twin Cities Group-Novastar Home Mortgage-
5001 W 80 Th Bloomington, Minnesota U.S.A.

Twin Cities Group - Novastar Home Mortgage - low life, snake, bad business practices sucked the life out of anyone he came in contact with Bloomington Minnesota

*Consumer Suggestion: You hit it on the head, Juan!!!

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Finally!!! Someone has stepped up to the plate to inform the public about what this guy has been doing to people for years. John J Beckstrand does not limit himself to ripping off clients, he consistently rips off friends and family also. A friend of mine has done business with J for many years, and has been screwed over and over again. Client that he put in to contact with J are consistently being screwed. beckstrand- will have a friend purchase a property out of forclosure, and promise x amount of dollar, these deal are great for the investor if everyone hold there end of the bargain.

Beckstrand now owes three seperate investors that I know personally, more than 20,000 a piece in fees that were promised but were never paid. He has put clients in position where he know's that these foreclosed clients will not be able to make the mortgage payment, and then the investor is screwed in the end because when they start the process of trying to sell the home, he has jacked the appraisal price up, and the investor owe more than what the home is worth. This is a common practice for Mr Beckstrand. He has not had the same group of people working in his office for longer than a year. It takes employee about nine months to realize what is really going on there. I've talked to numerous people that have left. And it is apparant that Mr. Beckstrand is and very intelligent man that has used his intelligence to manipulate the system for year, without having to deal with the backlash.

It is time for Minnesota and the Mortgage industry to put a stop to individuls with chracters flaws of this nature. You may change your companies name but the root of the problem is still John J Beckstrand

Juan
edina, Minnesota
U.S.A.

This report was posted on Ripoff Report on 03/03/2005 01:09 PM and is a permanent record located here: http://www.ripoffreport.com/r/Twin-Cities-Group-Novastar-Home-Mortgage-/Bloomington-Minnesota/Twin-Cities-Group-Novastar-Home-Mortgage-low-life-snake-bad-business-practices-sucke-133599. 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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#1 Consumer Suggestion

You hit it on the head, Juan!!!

AUTHOR: Gene - (U.S.A.)

"It is time for Minnesota and the Mortgage industry to put a stop to individuls with chracters flaws of this nature. You may change your companies name but the root of the problem is still John J Beckstrand

Juan
edina, Minnesota
U.S.A."

To which I say Juan, you hit that description right on the head with J. Beckstrand. Anyone who deals with this weasel is asking for T-R-O-U-B-L-E!

Some would wonder if the character flaws of J. Beckstrand are the result of an accident he had while a decathlete on the University of Minnesota track team. Do a Yahoo! search on his name and you will find a report on his accident in the Minnesota Daily archives.

In any case, I know of a few people that worked with or for J. Beckstrand who were eventually ripped off. I can't see how this poor excuse of skin is allowed to be in the real estate/mortgage business. I had spoke with him a few years ago about a job and I'm glad I didn't take it. His statements about his business seemed too good to be true. It is guys like him who give the mortgage industry a bad name and are probably responsible for the recent woes of the mortgage industry.

J., John, Jay, or whatever you want to be called these days: karma is a b----! You've been exposed for the fraud that you are and it is any wonder how you can sleep at night knowing that you ripped off people and associates all around the Twin Cities and the state of Minnesota. The only justice that would be sweet would be to see you pressing license plates behind a facility full of barbed wire. Your arrogance and your lack of concern for other people will catch up with you. Being the gutless coward that you are, you probably won't respond to any of these allegations because deep down inside you know that the truth hurts and you'll stammer like Porky Pig when it comes to responding. You have a chance to prove us wrong by responding and hopefully more of your former associates and employees will speak out. But I, nor anyone else that you have hurt, won't be holding our breath. Because, after all, you finance your high off the hog lifestyle by exploiting people. I hope you feel real good J. It's been a displeasure!
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