Resurrection Financial Lurton Lipscomb, Jr. THE DEAL NEVER CLOSES, AND YOU'LL NEVER FIND OUT WHY Martinez, Georgia

Mr. Lipscomb's repeated lies about what happened with my deal, and his e-mail threat to me after I exposed how he has repeatedly failed me in my deal led to my disclosing on an open forum that I have proof that he forged the seller's signature in my deal so an LBO could take place. Read about it in my rebuttal from December 22, 2010 at http://mortgagegrapevine.com/thread/?thread=588495.

USE LURTON LIPSCOMB, JR. AND RESURRECTION FINANCIAL AT YOUR OWN RISK.

Mr. Lipscomb's repeated lies about what happened with my deal, and his e-mail threat to me after I exposed how he has repeatedly failed me in my deal led to my disclosing on an open forum that I have proof that he forged the seller's signature in my deal so an LBO could take place. Read about it in my rebuttal from December 22, 2010 at http://mortgagegrapevine.com/thread/?thread=588495.

USE LURTON LIPSCOMB, JR. AND RESURRECTION FINANCIAL AT YOUR OWN RISK.

Mr. Lipscomb has stated some falsehoods, and has omitted important information in his rebuttal.

1. His negotiations with the seller failed to build their confidence in our relationship, which was one of the reasons why an expensive closing attorney needed to be brought into this deal in order to repair the problems done by Mr. Lipscomb and his empty promises.

2. The loan company that I "complained and griped" about was inept, and slow with its underwriting. My documents were repeatedly lost (at one time, not only were individual documents were lost, butmy entire file was missing), and they could not figure out when their underwriting was complete. As soon as we all believed that underwriting was finished, I would be notified that the lender needs one additional document, or needed an original document updated due to the length of time that their own delays had caused.

3. Inever attempted to get this deal done on my own. That is a flat out lie.

4. If my credit score dropped too far for Mr. Lipscomb to work with, then he should have been a responsible, eithical, and honest business man and tell me that he now doesn't have a way to get this transaction to close. Instead, he continued to mislead me into thinking that he could work within the deadlines presented in the sales contract. He continued to say that the deal would close, and that it would close on time. Mr. Lipscomb had multiple opportunities to back out prior to any of these contract deadlines expiring, yet he didn't.

5. "The sad part is that we recently raised the she needed to close the deal." It is impossible for me to believe this comment by Mr. Lipscomb. First, I've been hearing this from him for over six months, yet the money never came through. Second, he had the opportunity to tell me that the funds came through between the time of my last communication with him and his rebuttal on this thread, yet he never has. Third, my signature was required on multiple documents in order for the funds that he alleges that he has "recently raised" to be released, I was never presented any documents to sign for my signature.

6. "She has emotionally given up and has chosen to slander the very entity that enabled her to get to closiing." Actually, the property is off of the market, sold to a different buyerbecause of his repeated delays and empty promises regarding when this transaction could origianlly take place. This was not a nine month process, but one of sixteen months. The lender's underwriting took nine months on a first mortgage, and Mr. Lipscombs funds have taken (as of today) sixteen months to obtain. Waiting nine months (or sixteen months)to raise three million is worth the wait; but losinga transaction because of broken promises, refusal to return phone calls, mistakes, and lack of communication to a client is not part of the process of a reputable broker.There is no more deal for him to broker, which has nothing to do with any emotions or lack of patiencerelated to the transaction. The property is gone because Mr. Lipscomb did not perform as he repeatedly promised.

7. "No other entity did what was needed for this woman..." And neither did Resurrection Financial.

8. Mr. Lipscomb states that he will alert the Savings and Loan company to rescind the $7 million firsrt mortgage. What he did not tell you is that this first mortgage was rescinded by thelender itselfback in June of 2010 because the closing didn't take place a few weeks earlier. Also as stated earlier, this first mortgage would not be available regardless, since the propertyhas been off of the market for weeks.Mr. Lipscomb is alleging that he now has the funds and can close, but alll of the underwriting for this transaction by this lenderis worthless.

9. "She will never find a lender that will be willing to do what we did for her." I'm sure thankful for that. Mr. Lipscomb did nothing butcontinue to mislead me into thinking thathe could close this transaction. Mr. Lipscomb's arrogance not only shows with this comment, but also by saying that I am ungrateful for what he has done for me. He he did not perform as promised, which means that he did nothing. The property has been sold to another party.

10. Mr.Lipscomb alleges that I am and "unsophistocated"investor, yet I knewthat there was non-recourse funding for transactions such as this one, in these credit conditions, when he flat-out stated that there was not. Mr. Lipscomb also chose an expensive lender, when I knew that there were other lenders forinvestment grade tenants thatcharged lower fees, thatwould waitto get paid for underwriting costs at closing, and that would also charge lower interest rates than the lender that Mr. Lipscomb chose for this transaction. I also knew what needed to be done to structure the deal, but I did not have the number contacts to structure this transactionthat a broker would have, thus I turned to Mr. Lipscomb for help.Asking forthe help of brokersis typical ofmany investors. More importantly, Mr. Lipscomb agreed to work on this transaction because said that he could perform, andhe stood to make a lot of money doing so.

11. I have my own records to document what I have said. And I, too, will use my experience as a reminder. However, my reminder is that there are brokers out there whopromise that they can perform creatively when they actually cannot.

USE RESURRECTION FINANCIAL AT YOUR OWN RISK.

This negative comment was written by Maria Montalbano. There are several things that Maria does not mention in her comment. She came to us without a down payment, without earnest money, without any knowledge of how to structure a business acquisition, without a real estate team to get her to closing, without the ability to negotiate her contract, anda BIGdesire to buy a $11 million Walgreens property.We helped her structure her deal, negotiate with the seller, assemble her real estate team, we arranged a $7 million real estate loan from a Savings and Loan entity(that she complained and griped about taking too long eventhough she normally did not fit their lending profile)which had the money ready at closing, and got the deal to closing. What Maria doesn't tell you also is that her credit score dropped 70 points from her attempts to get the deal done on her own. She did not have the $ 3 million+ difference she needed to close the transaction and we were unable to raise the $3 million she needed to finish the deal up the way we initially arranged BECAUSE HER CREDIT SCORE DROPPED!!! Therefore, we had to piece together another creative way toraise her down payment money because the loan we had arranged for the difference was not available for such a low credit score.The whole reason the deal was possible in the first place is that her credit score was high. Keep in mind, most people have to come up with their own downpayment. The funds that she talks about losing were borrowed funds tht she borrowed to pay the necessary costs of theSavings and Loan entity that funded the majority of the deal(the $7 million) and the appraisal. You cannot buy an $11 million property without some costs. We shielded and structured her around having to pay 98% of the cost of the deal. Normally, as an investor, you should have these funds and not have to or expect to borrow it. She was buying a $11 million Walgreens property!!The amount she expended(borrowed)did not even amountto 2% of thepurchase price.The sad part about it all is that we recently finally raised the $3 million she needs/needed to close the deal. She has emotionally given up and chose to slander the very entity that enabled her to get to closing. Waiting nine months to raise $3 million, when you have moneyand no other way of raisingit, is not tat bad and sh should have been graeful to get to this point.The deal would have taken this woman from zero to a net worth of over a million. No other entitydid what was needed forthis woman who had nothing but a credit score and works aspole worker for a utility company. Wehelped her from day one andraised every centof what was remaining of what she needed. However, because she was impatient and didn't realize how fortunate she was to have gotten this far, not to mention be able to close the deal. We will return the $3 million we raised for her downpayment, we will alert the Savings and Loan entity that they should rescind the $7 million loan that they have readied for her for months, and we will use her comment here as a reminder of why you cannot deal with beginner investors or ungrateful people. She will never find a lender that will be willing to do what we did for her. There is a reason why lenders turn people down and don't get involved with them. We are learning to say "no" and not expend heart and energy on unsophisticated investors. It's just not worth the time. They are where they are for a reason. We can document everything that was stated in this rebuttal.

Lurton Lipscomb, Jr.

Resurrection Financial, Inc.