Befunded LLC George and Conrad ULZ Took $1000 promising a closing, cash out refi within 2 weeks. Internet

I have filed a separate complaint, but I wanted to add to this thread to ensure nobody else gets ripped off by befunded. I applied for a loan through George Jay in 2012.  I am a very experienced investor and developer.  I own my own lending business as well, so I am very familiar with the industry.

In my case, as soon as George received the money, he quit responding to my calls.  No denial, no inspection, no appraisal, nothing. There were prior stories of him having disappeared a few years prior, so apparently this is an ongoing problem. I am out $720.  Not really worth my time pursuing in courts, but worth listing on ripoff report so nobody else has the same problems.

This guy is the a liar, a cheat and a scam artist! He took our money too and never returns a call. George from befunded ... ! Are you kidding me. I think he is imaginary. They never produced anything and took our money as well. Stay away from Conrad Ulz! and Befunded. DO NOT SEND THEM MONEY. 

He is still advertising. When we say that his co-hort in WA is still advertising we contacted him as well. He pretended to not believe that Ulz was a scammer. Oh and he said he would try to get our money back. What a joke. We never heard from him again either.  You'd have better luck taking your money to a casino and playing craps rather than give it to this guy. He will not do anything for you but walk away and be indignent like he was the good guy. Please!

Just thought I'd give another update - I still have never heard from Conrad Ulz since May 2012 (besides his 1 response here).  I am still waiting for the return of my money!!

this should clearly show anyone thinking of working with Conrad Ulz and/or Befunded and/or CRM Mortgage that these guess just take your money and run. 

Just wanted to make sure you are aware, since he is STILL advertising for new victims on Craigslists.

Beware - run the other way.

Conrad, maybe one day you will feel guilty enough about taking $1,000 from me and my family and do the right thing - GIVE IT BACK!!!!!!!!!!!!

I, of course, still have never heard from Conrad.  I did get a great call from the Attorney at the Georgia Department of Banking and Finance on Friday to inform me that they issued a Cease and Desist order to BeFunded, LLC - YEA!! (see page 5 of this link http://dbf.georgia.gov/sites/dbf.georgia.gov/files/related_files/document/September2012MortgageSummary.pdf)

This will TRULY help my case to get my money back!!!  This also continues to support that I AM telling the truth about what happened to me and the others!!

FYI - NOTHING I have said is incorrect - it is VERY MUCH THE TRUTH.  Notice how he only addresses me and accuses me of things, but not a word about the others (see Edmund's similar story above about what happened to him and he is out $2,500) that have posted with the SAME experience about this man, who are out a LOT more than me.  My "loan" is not ongoing at all

The ONLY time I hear from Conrad is when he posts his lies about me to this site.  He has NEVER once made an attempt to contact me directly!!  He is just trying to stop me from telling others about what happened to me so he can continue doing this to people.  I won't stop until I receive my money.  He still even advertises this same program on Craigslist, but he has admitted HE can't even reach the lender, BEFUNDED, now, so why keep doing this to people?

The GA Consumer Protection agency has also contacted me because they are looking into the complainst they have received about Befunded and all the people they have done this too.

I don't have "made up damages" and I am only speaking the truth.  I am OUT $1,000 after FALSE promises of a quick closing.  I EVEN have the written emails from Conrad Ulz to prove this.  I'm not dillusional and I have spoke with attorney's regarding Mr. Ulz's and the promises made, the $1,000 that was taken and NOTHING done after that, along with the other things he has done to me and others with similar stories.   I am not the first who had threatened or even filed suit against him - here are some of the public record cases in Cook County.  

I was asked to testify in one of the cases, but the Judge entered a Judgment before I was called (didn't even need my testimony).  The attorney who handled the Cook County case against Conrad Ulz sent me the following information about the Judment that was entered AGAINST Conrad Ulz on 7/31/12 -  "Judge entered a judgment of $50,000 for the compensatory damages and $100,000 for punitive damages, finding him guilty of consumer fraud and common law fraud. He is now convicted of fraud. The Judge also ordered him to pay my attorney fees."  See Case #2005-M1-721810 in Cook County Law Division.  The Court Order is public record - in case you don't believe me.

New Freedom Mortgage Corp. v. C & R Mortgage Corp. (Conrad's Company), et al, No. 03 C 3027 (N.D.Ill.). (Dist.Ct.Dkt. No. 1).   New Freedom's amended complaint contained eight counts alleging various claims against various combinations of defendants, including claims for common law fraud, negligence, breach of contract, breach of fiduciary duty, violations of the Illinois Consumer Fraud and Deceptive Business Practices Act, 815 ILCS 505/1, et seq. (2002), and violations of the Racketeer Influenced and Corrupt Organizations Act, 18 U.S.C. 1961, et seq. Count V, a claim for negligent representation, was directed at C & R. (Dist. Ct. Dkt. No. 4 at 18-20). In Count V, New Freedom alleged that C & R was in the business of supplying information for the guidance of others and so had a duty "to refrain from negligently providing New Freedom with false information." (Id. at 19, 34). Conrad was a defendant only on the common law fraud claim in Count I, the Consumer Fraud Act claim in Count II, and the RICO claim in Count IX.  The district court granted New Freedom's motion and entered an order defaulting Conrad on October 1, 2003.  On June 3, 2004, the district court granted both motions, entering a judgment against Conrad and two other defendants, jointly and severally, for $307,937.48. (Id., Nos. 109, 110). This prompted Conrad to move to vacate the judgment. (Id., No.119). The district court denied his motion. (Id., No.121).One week after Conrad's attempts to forestall collection of the judgment proved unsuccessful, he filed chapter 7 bankruptcy. (Bankr.Ct.Dkt. No. 1).

I think that says a lot about what is going on. 

Everything this woman says is just not correct, and she know is!

Yes, this loan has not been approved for funding yet by the lender, but neither is it dead either.

She was NEVER told that the loan would fund in two weeks.  She was told that ir would take about six weeks, and yes, it has gone beyond this time frame.

She was told specifically, and the statement was included in two different documents that she signed, that the $ 1000 she paid is not refundable, but if it did not close for any reason, the funds could be applied to another transaction.  She has not availed herself of this option.

She is now threatening to file suit for the monies she paid, plus damages her made up damages, even though the docs she signed specificaly agreed that this could not be done.

She works for a law firm and I think she has dilusions of being a lawyer.  If so, I hope she looks up the definition of libel and what the consequences could be. 

I just have to update everyone, since Conrad filed his "response" to my inital Ripoff Report - he has not responded to anything, nor have I heard from him.  If that isn't proof enough that he just stole my money and isn't doing anything he claims - I don't know what else it could be.  My file clearly is not "in progress" as he claims because I would have heard from someone by now about the "status" of my loan, but since I am unable to get a response - it is VERY clear that I was the victim.  He just took my $1,000 and did NOTHING!!  As soon as I am able, I will be filing my complaint in Court to try and get my money back.  I will join the others currently in Court against him.  I just want to warn you PLEASE do not give him money (the other names used are George @ befunded, Befunded LLC, CRM Mortgage and Conrad Ulz).  Don't end up a victim like me.  Don't give them any money - there is no loan being done and they will not close within 6 weeks or ever.  Once you send them money, you will not hear from them again unless you initiate a call, then you will get excuse after excuse.

I was also ripped off by Conrad and befunded llc. A vindictive complaint? I think not the story that Wendy is telling is eerily similar to the same malarky that Conrad gave me. My name is Edmund, Conrad should be familiar with me as well. I have been waiting on a loan to get processed for over a year now in fact it's been well over 15 months. He tells me they are having system problems, the processing is slow, the people are stuck in new York in a snow storm, "George" flew to india to meet them to sort the mess out. All kinds of nonsense, I do know for a fact that Conrad has been sued before. It's a matter of public record in the state of Illinois. He swindled me for 2500 dollars. I'm trying to work through legal means to recover my money as well. I hope this helps anyone who is thinking of dealin with this guy and this bogus company to run away quickly, don't give him any money because you will get nothing in return. You will get a LOI quickly and if you don't pay fast enough he will call and ask you what's the hold up. Once he gets your money he disappears and has excuses every time you manage to get in contact with him.

Note, Befunded has NEVER contact us or returned a phone call.  Conrad Ulz hasn't called me in over 2 months and the only contact I have had is becuase I give them a call ever week or so.  I have called, emailed and faxed them both many many times to try and get status, but all I get is stories "we will hear something next week", "they hired more people it will get done next week", "the processor was stabbed to death on the streets of Dubai, so now they need to hire again," the list goes on and on and each time I only get those because I call them.  They NEVER initiate a call and Befunded/George - has never once responded to any call, fax or email.  Conrad said "the company doesn't allow him to return a call, email or fax".  What company doesn't allow you to call their customers back?   

Just last week when I called Conrad Ulz, he told me he "hasn't even been able to reach or heard from befunded in over 3 weeks."  Ask yourself this - What kind of company can't give you the status on a mortgage at any given time or tell you where you are?  What kind of places takes your money in March, promises - in writing - 6 week maximum to close and can't return a phone call at the end of July or even give you an update.  How can your "loan officer" not be able to reach the company? 

My file is not "in progress" and there is nothing being done!! Trust me, I know first hand.  This is just the latest excuses to try and rip off more people because we are finally getting the word out to stop them from stealing people's hard earned money.  As far as a refunded, I have asked repeatedly, in writing, and they refuse.  Any respectable company would have given a refunded just because of the problems they claim have arisen during this "2-6 week max" process that is now going on 5 months or just because they still can't even tell me where my file is or when we would hear anything.  They can't tell me this because HE CAN'T EVEN GET A RESPONSE FROM BEFUNDED!!

Did you notice how he had no problem sharing my personal information on here?  it is a violation of my privacy to tell the public any of this information on my personal file.  Is this who you really want handling your loan and personal information? 

If you don't believe me, email me and I can put you in touch with all of the other victims out there that have contact me and were taken for thousands and thousands of dollars by these people.  I even have information from people who are currently in court now trying to get their money back that was taken from them.

Check out the BBB reports that give them the lowest score possible.  Just do a search for Befunded, Conrad Ulz and you will find the same scam/rip off reports. 

Please, I beg you - do not be taken like I was.

I am somewhat amused and dismayed by Wendy Turner's post  I am not sure what she means that we do nothing, in fact her loan is still in process.  If we did nothing we would had sent her a rejection letter soon after she paid her fee and been done with her.

I know her loan is taking longer than she would like, and I have let her know numerous times what was happening, but I guess she did not like the answers and for that I apologize.

Wendy has requested that her fee be refunded, because we have done nothing.  It would give me great pleasure to honor that request, but as she well knows, the lender does not offer refunds. The forms she signed, the Loan Request and the Letter of Intent to Loan (LOI), both clearly state that the lender does not offer refunds.  In addition she, and her husband Brian, were both specifically told the lender does not offer refunds.

One optionshe has would be to cancel the loan, and if the valuation has not already been completed by the lender, she could apply her fee to another property.  So far she has not availed herself to this avail herslf of thisoption.

If anyone would like to discuss this further please contact me at conrad@cmrmortgage.com.  Befunded offers a fantastic program and it really disgusts me to see people ripping on them in a libelous manner with a complete disregard for the real facts.