• Report: #505524

Complaint Review: Alternative Financial / Harbor Funding

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  • Submitted: Tue, October 06, 2009
  • Updated: Tue, October 06, 2009

  • Reported By: Y rodriguez — Eugene Oregon U.S.A.
Alternative Financial / Harbor Funding
240 Oakway Ctr. Eugene, Oregon United States of America

Alternative Financial / Harbor Funding Donald Waler /Alternative Financial / Donald Waler /Alternative Financial is a subsidiary of Harbor Funding. Practices mobster tactics of financial fraud and predatory lending taking advantage of the elderly. Eugene, Oregon

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Donald Waler has spent the last 18 months revealing what kind of a lender he really is.  He is under investigation for financial fraud, money laundering and predatory lending.  He was abusive, and threatening against my 74 yr old mother, and telling her that if she even thought of getting legal help he would foreclose on her and take her home. He with held important information from our lenders and three times waited till he was to recieve his check and tell them 'Oh I forgot this'.  Each time they had to reprocess our loan and by the time we had went through this four times our credit rating had been pulled too many times.  He had threatened my life and told my family that if I tried to stop him he would make me 'disappear permenantly'.  He refused to allow us any control of the funds we were signing for and also refused to provide any receipts for the expenses as well. Then he made changes to our home and property he was not authorized to do.  His intent? To bury a 74 year old widow so far in debt that he could force her to do a reverse mortgage because the payments would be too high for her to meet her debt to income ratio. And kept throwing his 'freind' in her face telling her he was the one she would have to work with. Making it clear he intended taking possession of her home when she was gone.
Our investigators have now discovered that Donald Waler has been a known drug distrubutor for over 30 years in the Willamette Valley area. He is known for his crude mouth and cocky attitude - he truly thinks he is above the law and can destroy lives as he sees fit.
In our case he was not only frauduelent in his own behavior but had convinced a long term friend of his to use his fathers retirement fund for investment purposes. These funds were in an IRA with Sterling trust, and was money he did not have a legal right to use.  So now his freind is tied up in his mess as well. We are currently pursuing federal support to convict him.  His business practices paralell Bill Lange's.

This report was posted on Ripoff Report on 10/06/2009 10:54 PM and is a permanent record located here: http://www.ripoffreport.com/r/Alternative-Financial-Harbor-Funding/Eugene-Oregon-97401/Alternative-Financial-Harbor-Funding-Donald-Waler-Alternative-Financial-Donald-Waler-505524. 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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