Complaint Review: Demarco Rei - Philadelphia Pennsylvania
- Demarco Rei 1500 JFK BLVd Philadelphia, Pennsylvania United States of America
- Phone:
- Web: www.DeMarcoREI.com
- Category: Loan Modification
Demarco Rei I was employed by the scam artist.. I am so sorry for those you who fell victim, most of us employees didn't know Philadelphia, Pennsylvania
*Consumer Comment: Help needed for victims of Demarco,Rei
*Consumer Comment: Justice has been served THANK YOU ALL AT RIPOFF !!!
*Consumer Comment: Come Out,Come Out ,Wherever You Are!!!! Demarco and all you Slugs*******
*Consumer Comment: Thanx for coming forward,DeMarco and The Slugs took everybody for a ride
*Consumer Comment: Help needed for individuals scammed by DeMarco Rei
*Consumer Comment: DeMarco Closing Docs Not Signed or Notarized
*Consumer Comment: Assistance needed for victims of DeMarco Rei,Please help save our homes
*Consumer Comment: Hud,Fha.Department of Justice plese help victims of Demarco REI!!!!!!
*Consumer Suggestion: HUD,FHA, and all Govt. sponsored programs plese propose a bailout for" Foreclosure rescue lease buy back Scams "
*Consumer Comment: DeMarco REI,Garden state land & title Company,Taylor Bean &Whittaker, & All Accomplices of DeMarco REI
*Consumer Comment: LET YOUR VOICE BE HEARD NOTIFY THE "PROPER Authorities"!!!! PLEASE
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To those of you who fell victim to DeMarco REI....
I am a former employee of this scam artist. When I first begun my employment, it felt good thinking that I am doing the right thing by helping those who fell victim to this bad economy. I once lost my home to foreclosure and I felt maybe I can help someone not go through the pain that I once went through. I worked long hours, 10am-8pm everyday. I spoke to many people and listened to all of their stories. As time went by, I just got the feeling that, "something wasn't right," we all would talk amongst ourselves and got the same feeling. I asked about the program and what the success rate of the program was...to my astonishment, the answer was NO ONE EVER GETS THEIR HOME BACK! I got the feeling their practices were not legit. Many other employees complained of not being compensated what they were supposed to. Needless to say I left and never looked back. I apologize to all of those whom I have personally spoken to and promised the world to. I truly believed in the company I was working for and I was a victim as well, I truly believed in what they told me. I thought I was helping. Again my sincere apologies and I will do whatever needs to be done to make sure this scam artist scum bag gets the justice he deserves!!!!!!!
This report was posted on Ripoff Report on 03/27/2010 11:05 AM and is a permanent record located here: https://www.ripoffreport.com/reports/demarco-rei/philadelphia-pennsylvania-/demarco-rei-i-was-employed-by-the-scam-artist-i-am-so-sorry-for-those-you-who-fell-vict-586191. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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#11 Consumer Comment
Help needed for victims of Demarco,Rei
AUTHOR: Carlyn mccabe - (U.S.A.)
SUBMITTED: Thursday, January 27, 2011
Now that Ed Magedson along with his staff at Rip-Off report have helped the U.S. Attorneyand the FBI catch these slugs we need a loan to help us should we get back our homes.
The Foreclosure victims that were burned by DeMarco were in Foreclosuredue to financial hardship due to chnge in employment ,death in family,illness. Demarco was suppose to get us out of foreclosure within 1 year,set up an escrow account ,repair our credit instead our equity was stripped (stolen) there was no escrow account instead we were "Ripped Off " some worse than others.
There are others involved in this Scam , the Strawbuyers Aka Investors,I realize their credit was ruined but many of the strawbuyers received cash from Demarco,Rei,the rent that we paid for the homes that now belong to the strawbuyers was the rent for our homes that are now in foreclosure and Demarco also kept the cash out from these homes.
The closings took place at various Title comapnies throughout New Jersey and Pennsylvania,one of the Title companies Garden State land AND Title now known as Land Transfer is where my closing took place. Garden State where did all those proceeds go? I along with many others did not receive the six figures cash to seller that was listed on the Hud docs,now our homes are in Foreclsore and allthe proceeds were stolen and we also paid rent.
We were in Forecloure and now we are facing a situation much worse. Can the Government give us a loan ? We would pay it back for sure after all we do not want to be on the brink of homelessness forever. Demarco received so much money,what about the banks involved in this as well at the Title companies???
This could be a win-win situation for all ,we would pay a mortgage at a rate within reason,pay back the government and not become homeless. Barack Obama mentioned the deficit but if something could be worked out ,the money would be paid back and victims of DeMarco do not become homeless.
I just am asking for a helping hand so we do not lose our dignity. This corrupt scam has made life unstable for 120 individuals,the Government is trying to help after much damage has been done. 31 million dollars was swindled away in loans and our lives are in limbo,the equity was stripped from our homes.
Biana,who was also involved in many of these closings,don't you care? We were facing financial hardships and you and Anthony Demarco hurt individuals ,I just don't get it!!!!
I am hoping that someone comes forward there was 31 million dollars in loan money swindled and lets be realsitic: Anthony DeMarcos Ferrari was just a fraction of where the 31 million dollars went!!!
Ed Magedson and Rip-Off we thank you and The U.S. Attorney for catching the slime but now we need the help to get back or homes and a Bail-out loan so we do not lose the American Dream.
For all you deadbeats who are still lingering I do not know how you sleep at night and you know who you are!!!
Thanks Ed ,Thanks for your great site ,some of the slugs are exactly where they belong!!!!

#10 Consumer Comment
Justice has been served THANK YOU ALL AT RIPOFF !!!
AUTHOR: Carlyn mccabe - (U.S.A.)
SUBMITTED: Wednesday, December 15, 2010
Ed Magedson and the staff at Rip-Off Report:Since 2008 you have been Posting what Anthony Demarco did to so many individuals who were facing Foreclosure and worse : Justice has been served and Anthony Demarco and 3 of his accomplices have been arrested.
Ripoff report posted each and everyone of the events that took place and it did not cost us anything. Ripoff report is like a lawyer only better becasue you do not have to pay to let the Facts be known.
Demarco stole Equity from 120 individuals ,he also received rent from those he robbed of the equity,according to the Gloucester Times Anthony Demarco purchased a Ferrari for 242,00 this was equity for just one home,to add fuel to the fire Anthony charged this individual rent of 2400.
The rent Demarco chrged me was 2900 and I was suppose to have an escrow account set aside for emegencies instead Demarco kept the equity and let the home go into foreclosure under the investors name.
We are suppose to get some kind of help so we do not lose our homes to eviction or a sherriffs sale ,this was also stated in the Gloucester Times.This is so sad for so many Anthony Demarco swindled his employees,the investors aka Starw buyers.
I want to stress that though many were burned in this corrupt scam ,we the individuals in Foreclosure have been hurt the most,we not only paid Demarco rent but to add fuel to the fire he stole our equity.
The documents from Hud state I received 151,000 : I did not ,Demarco gave me a check for 20,000 and than took rent of 2900. This is bad but others received nothing!!This is correct he took rent from many and just kept the equity!!!
So now are homes are in Foreclosure and in some case Bankruptcy and we paid rent and Demarco kept all the equity!!! I am asking can Hud or someone with legal power help us get back this money so we do not become homeless???
I guess Demarco also kept the rent he was collecting ,where does this leave us???
Please do not let the banks just take away these homes. I know that if the Government can bail us out with a hardship loan ,we wil pay them back.We paid Demarco large rents to keep these homes and he along with his accomplices kept everything.
I am sorry for the straw buyers but we paid for these homes and we don't deserve to lose them.
Ed once again I thank you,this is" Bitter-Sweet" Anthony Demarco and his Slugs have been captured but now can someoen help us Save our Homes???
Merry Xmas to all at Rip-off Report we all thank you for your great Site.Happy Holidays to all of you .May each and everone of you have a Happy Holiday Season and A great New year. You deserve it.
I appreciate your site so much.Thank you for reporting this scam,Rip-off Report is one of the greatest things the Internet could have!We relly apprecite this site.

#9 Consumer Comment
Come Out,Come Out ,Wherever You Are!!!! Demarco and all you Slugs*******
AUTHOR: Carlyn mccabe - (U.S.A.)
SUBMITTED: Saturday, October 23, 2010
This really Stinks Bigtime:Equity stripped,proceeds from the sales of Foreclosure victims homes was shared among Anthony and the slugs AKA Eric Havkin,Buzz Wagenseller,Jason,Tripper,Biana T,and so many others!!!
What adds "fuel to the fire",now that the investors who have also been screwed also known as "Ripped-Off"" we the individuals who were in foreclosure and paid Demarco big rents and also the cash from the sale of our homes are at the mecy of the Banks and mortgage companies.
So I am asking Hud,FHa,Ocwen,Litton Loan,and all title companies ,Banks involved in these transactions please do not take our homes from us. We paid Demarco rent and he kept the moniey from the sale of our homes,signatures were forged and the Hud documents are fraudulent.Please do not look at us like dead beats instead help us.
We need some help to get our lives and homes back that were so unfairly taken from us.The investors AKA Straw -Buyers many of them who were trying to help have no real interest in these homes since they never occupied them.The homes mean nothing to them but they mean the world to us, we do not want be Homeless and lose our American Dream and our dignity.
Ed Magedson' site has kept up with this horrible scam from the very start,there is Kim,David,Valerie,Amy,Angel,Mark,Mr.Paolucci,Clay many of Demarcos employees who were scammed and not paid.The facts are all on Rip-Off Report and help is needed.
Unfortunately God only knows where Demarco is and one day Justice will be served.The world can't stop for us but it would be appreciated if we could get some help the facts are all on Rip-off Report and I am not the only one.
Don't let our lives be destroyed ,we all suffered Financial Hardships and Anthony and his crew took full advantage and scammed at least 135 Foreclosure victims,many employees and investors ,he has disrupted all of our lives and it would be greatly appreciated if we could get some help. We do not want to lose our homes.
Ed and all the staff at Rip-Off Report I thank you so much,I am hoping that something can be done so we do not lose our homes and we can one day be whole again.
God Bless all of you who were scammed by Anthony and his partners in crime I hopw we get some much needed help.
Rip-Off Report Kudos to you all your site is exactly what is needed to let everyone know what was done to us.

#8 Consumer Comment
Thanx for coming forward,DeMarco and The Slugs took everybody for a ride
AUTHOR: Carlyn mccabe - (U.S.A.)
SUBMITTED: Wednesday, July 28, 2010
To former Employees of DeMarco Rei,
Thank You for coming forward about Anthony DeMarco and his Scam,The more employees that let Rip-off Report know what transpired the better it will be for all scammed by these crooks. You lost your home to foreclsoure ,you know first hand what it is like and DeMarco has made things much worse for all involved.
They lied and stole tons of equity and now we look bad and are about to lose everything,I believe Demarco had his own little click of partners in crime and I am sure they were well compensated.Our situations are worse than ever and I like you am hoping 'justice will be served" I complain and sound off on Rip-off because I am so scared and at the same time very mad.
I have read reports of individuals who beat cancer only to be" ripped off " by DeMarco,I spoke to another victim scammed by DeMarco her husband is only 39 and had a heart attack about a year ago, I went into foreclosure due to the unexpected death of my brother,he had no insurance,than a drastic change at my job.My mother passed away in Nov of 2009 so things just seem to be getting worse.
Most of the investors are in Foreclsoure and have declared Bankruptcy,I have mixed opinion on them,I do not know if they were paid off or what.Unfortunately it will make it difficult for anyone who wants to help Foreclosure victims.
There are laws out there to protect Individuals involved in lease buy back Foreclsoure Rescue ,I hope they will be enforced in New Jersey and Pa.
Ed Magedson and Rip-off Report have made it possible DeMarco and the Slugs to be exposed.I am worried for all of us and lose a lot of sleep wondering what will happen to us next.
Ed and rip-off thanks again,you know we all appreciate and need Rip -off Report.
Good Night.
I know there are many individuals like Rip-Off and Honest individuals like you.Thanks for caring ,I HOPE AND PRAY DEMARCO AND HIS PARTNERS IN CRIME GET WHAT IS COMING TO THEM.Anthony and all you Slugs "Was it Worth it" Thanks for everything!!!

#7 Consumer Comment
Help needed for individuals scammed by DeMarco Rei
AUTHOR: Carlyn mccabe - (U.S.A.)
SUBMITTED: Friday, July 23, 2010
I would like to extend ny sincere thnks to EdMagedson and everyone at Rip-off Report:
This site has given all involved the opportunity to "speak Out" and let America know how DeMarco rei scammed not only the individuals in foreclosure also his employees,investors.We are very fortuante to be able to exploit this Scam and it is not costing us anything.
In the situation most of us are now in Ed Magedsons site is our only way of getting this Scam known since Demarco has made our financial situations worse than ever!Thank God for Rip-off Report and Ed.
All the facts have been written,there are title companies,Mortgage companies and banks involved.DeMarco and his accomplices have harmed former employees along with their clients.
The damage is done,I am asking on behalf of all who were victimized by Anthony DeMarco plese we need "Help"*****************
I probably seem insane with all my comments but I am so very afraid and desparate and I am speaking for all ,it is not a good feeeling.
The Scam has been revealed on Rip-off Report so anyone who may be able to help,would be greatly appreciated.
Thank you once again all at Rip-off Report.

#6 Consumer Comment
DeMarco Closing Docs Not Signed or Notarized
AUTHOR: Carlyn mccabe - (U.S.A.)
SUBMITTED: Wednesday, July 21, 2010
The Fraud just never stops at DeMarco REI,and many are questioning why we signed?
I was not going to sign at Garden State Land & Title Company and the "notary" who never "notarized" anything conferenced me over to Eric Havkin a manager at DeMarco,Eric told me Taxes in my town had escalated and I would be well compensated think of all the reserves and or equity on your home.
The hud documents at least the ones in my possession are not all signed,an attorneys name is printed ,the straw buyer was not present at closing and his signature is not on the documents that are in my possession.
Another act of Fraud: One of DeMarcos managers signed off on closing documents as an attorney,she is not and it seems like this is all okay.
The cash out amount on all the closing documents is fraud a lie ,not one of DeMarcos clients received what was on the document,instead it is noted "FOR SERVICES RENDERED"
Demarcco scammed so many,some of his employees nevr got paid,DeMarco REI received rent and if HE scammed 100 people and pocketed cash out from 100 homes that is a lot of money.
It is just not right for us to lose our homes,I am being repetitious but the mortgage companies,Title comapnies all had a hand in this.
There has to be justice for us,we are being emotionally stripped of our dignity and where is Anthony Demarco?
Mr. Demarco has a fancy car and wore very expensive jewelryand clothes,he probably has a big fancy home,and he also received all the cash from the homes he '"SAVED".
I am going to ask one more time please can there be a Govt. Bailout a loan so we can get our lives back.
Demarco also used investors and got there cash also!!!
Donald Trump if you are reading this maybe your company could help the Govt. with a bailout and we could pay you back,seriously if our homes get saved and we get a loan we could get our lives back and shame on us if we do not pay back the loan!!!
If there is any legitiamat investor who can help victims of this corrupt scam,please come forward, the saddest factor of this tragic scam:Anthony DeMarco has made it very difficult for all legitimate investors.I believe this could work in the right environment attorneys and legitiamte documentation.
For all of you Scammed by DeMarco and the Slugs WE JUST HAVE TO KEEP THE FAITH AND HOPE AND PRAY THERE WILL BE JUSTICE!!!
Ed your site has made it possible for all of us to expose this Corrupt Scam that has harmed so many.
Though we were Scammed by the Treachery of Demarco and the Slugs,your site has made it possible to expose them!!!
Thank Ed and everyone at Rip-Off Report. We love and appreciate you all so much.

#5 Consumer Comment
Assistance needed for victims of DeMarco Rei,Please help save our homes
AUTHOR: Carlyn mccabe - (U.S.A.)
SUBMITTED: Tuesday, July 20, 2010
To whom it may concern,a Foreclsore rescue Scam is having a very serious effect on many individuals:
DeMarco Rei along with Garden State Land & Title,TBW,Flagstar Bank,Buzz Wagenseller,Ocwen loan and so many others have put many lives in financial distress and we need a Bailout to save our homes.
DeMarco Rei aka Dvr properties started business in New Jersey as Dvr properties in 2007,DeMarco moved to Philadelphia Pa in Jan of 2008 and was known as DeMarco REI.
DeMarco offered individuls in foreclsoure a" Fresh Start" which included credit repair,cash out,and the opportunity to be homeowner again in 1 year and refinanced at a low rate,included in the package ,DeMarco would charge rent and set aside a reserve account for hardships.
Many of the closings took palce at Garden State Land & Title Company in Moorestown,New Jersey,at closing nothing was what was stated and when I questioned the differences in rent,and cash out ,I was told by Eric Havkin a manager at DeMarco that my taxes had gone up ,it was just like i still owned the property and I would be compensated for the changes,Eric said it was just to make the" deal "work.
The days following the closing were very confusing,the loan officer who drove me to the closing was fired and not paid his commission.I was receiving calls some legitimate from the wage & hour bureau regarding the loan officer,other calls were from Eric Havkin advising me not to talk with loan officer Saul Freedman.
The bottom line is ,you don't get reserves,though the closing documents state you received the cash out of the property after pay off , you don't it is pocketed by Demarco,some clients received a samall cash out,others received no funds at all.
Our equity has been stripped,the homes are in foreclsoure,We do not want to becosme homeless. I am asking if a loan can be arranged to refinance so we can keep our homes.This is so unfair ,we seem like deadbeats because we could not afford the rent,Demarco charged rents double our mortgage and never let us use reserves.
DeMarco received 150,00 after my home was paid off,gave me 20,000 out of 150,000 and chrged 2900 rent,Demarco told me they were setting aside 43,000 for the down payment when i repurchsed the property,some individuals did not get any cash at all.
This is so unfair,documents have been forged,or not signed at all.Plese do not let this happpen to us.I am begging for assistance.We are in danger of becoming homeless our equty was stolen by a Corrupt Scam ,I cannot sleep ,I do not know what is going to happen next.
I am reaching out once again and hoping there will be help for us.Ed and Rip-Offf of course I am extending my thanks to you for allowing me to make the proper authorities aware of what has happened from the Tactics of this Scam.

#4 Consumer Comment
Hud,Fha.Department of Justice plese help victims of Demarco REI!!!!!!
AUTHOR: Carlyn mccabe - (U.S.A.)
SUBMITTED: Monday, July 19, 2010
I am asking once again on behalf of all who were scammed by Demarco Rei,Can someone please help us?
We are about to lose our homes and have nowhere to go,the individuals involved in this scam all had financial misfortunes that led them to foreclosure.
Demarco Rei is now out of business and most of the investors involved are now in foreclsoure,the scam works out for the banks and mortgage companies involved ,they can just take our homes,but what about the forgery and stealing that was done?
We were promised credit repair,set aside reserves,the Hud docs state we received cash value of our property ,we did not.When I ? Demarco about the cash out I was advised a down payment was being set aside.
Hud ,Fha, we need Help, There are so many banks helping foreclosure victims,can you help us? A plan to give us a loan so we can keep our homes.I paid Demarco Rei for as long as i could 2900 a month,I asked Demarco if i could use the "RESERVES "(SET ASIDE FOR Hardships) I was advised that they had to pay the loan officer a large commission and they could not give me any more money.
A bailout from the Govt. would help us ,we would definitely pay the loan back and it would save our homes.
What is so sad about this : If DeMarco was legitaamte,this would have worked,an example would be Demarco could have chrged the distressed homeowner a rent within reason about 1000 a month,give the seller some proceeds from the sale ,the seller who is now paying rent ,now has the proceeds from the sale.
They have the proceeds from the sale ,they pay the low rent on time for 1 year,they had time to save money ,I agree that the buyer should be compensated ,he saved you from foreclsore,howevr how can you save when the proceeds on your house after payoff is 150,000 ,Demarco gives you 20,000 and the rent is 2900 ?
Not only did they just get title to your property ,they are getting 2900 rent,some victims of DeMarco paid rents of 4000 and received no proceeds at all.
There was Forgery,Deceit,Lies.The Hud documents are incorrect ,the Title Companies must have had some idea this was a shady deal.
This is America,What happened to the money Demarco said they gave the sellers?
I am speaking and asking for all of us" please Hud ,Fha, save us with a Bailout.
Demarco Rei has put us in a very sad position.Do not let this happen .Please there will be no change in the Economy or America if these Corrupt Scams continue to destroy the lives of individuals,I am hoping this is reviewed by someone who can help the victims of this corrupt company.
Mr.Magedson once again I thank you.I am hoping and praying we will be helped.
Anyone reading this if you can assist or advise in any way it would be greatly appreciated.
Thanks again all of you at ripoff.

#3 Consumer Suggestion
HUD,FHA, and all Govt. sponsored programs plese propose a bailout for" Foreclosure rescue lease buy back Scams "
AUTHOR: Carlyn mccabe - (U.S.A.)
SUBMITTED: Saturday, July 17, 2010
Many individuals have been scammed by DeMarco Rei and affiliates.The situation is only getting worse,the straw buyers have filed Bankruptcy,the homes are now in foreclosure,have been stripped of equity and the individuals who were "Saved from Foreclosure" are about to become homeless.
In many cases DeMarco gave a cashout ,but not even enough to cover the exorbitant rents ranging from 2000-4300 a month,this DeMarco Rei did after acquiring title to the properties. DeMarcos victims were not allowed to use the reserves set aside for hardships,instead once you could not pay the rent ,you were set up for eviction.
Each and everyone of us suffered a Hardship,illness,loss of job,death ,this led us all into Foreclosure.
We are now facing eviction by the Straw buyers,we have no funds because for any of us who got cash from DeMarco it was used to pay the rent and some individuals received no cash just lettters and eviction notices from the straw buyers.
I am asking on behalf of us all affected by this Scam,can someone Bail us out? This is what we were promised,we do not want this for free.A govt loan to refinance us just as Demarco promised us.
We all have a situation that led to the foreclsoure and documentation from Demarco states we were given the cash from the sale of our homes,this did not happen.
Please help us ,DeMarco Rei is ruining many lives,I am speaking for us all: if The Govt.could give us a bailout we would gladly pay it back.
A word for the Straw Buyers I am not judging ,I am sure many of you were legitamately trying to help,but the situations we are in now is really terrible,I truly wish and hope there will be a win win situation for us all.
Please Hud,Fha,and all Government programs please help Foreclosure Lease buy back victims with a bail out plan.
Thank you Ed Magedson for allowing me to use your site. I am so grateful for ripoff,You are such a great advocate.

#2 Consumer Comment
DeMarco REI,Garden state land & title Company,Taylor Bean &Whittaker, & All Accomplices of DeMarco REI
AUTHOR: Carlyn mccabe - (U.S.A.)
SUBMITTED: Saturday, July 10, 2010
This Message is from Carlyn,Clay,Angel,Mark,Kim,former employees,investors and all thet have been Scammed by DeMarco Rei .
I am hoping Justice will be served for all involved in this Corrupt Scam ,Forgery Deceit Lies and Financial Disaster for all victims involved in this Scam. I am hoping for a Bailout for all involved.
We need that second chance so we do not become homeless.A bailout from the Government would help Save our homes and would be a Win Win situation for all involved.Many of the investors involved in this Scam were trying to help and they are in Financial Turmoil as a result of DeMarco and The Slugs.
This is My plea to Fha and Hud "Please Help Victims Of DeMarco REI, Plese give us a Govt Loan so we can purchase back our homes ,DeMarco promised this.
There are a lot of victims that were burned by this Scam,so anyone who can help us we need a Bailout.
Please Help Save our homes and Neighborhoods,Don't let the Corrupt Tactics of this Company make eveybody lose.
Thank You Ed and Ripoff report for making your Site available, Your Site has made it possible for these Ripoff Corrupt Slugs to be exposed.
We appreciate you so much Ed ,Once again Thank you and God Bless all of you.I am so satisfied with RIPOFF REPORT!!!

#1 Consumer Comment
LET YOUR VOICE BE HEARD NOTIFY THE "PROPER Authorities"!!!! PLEASE
AUTHOR: Carlyn mccabe - (U.S.A.)
SUBMITTED: Thursday, April 01, 2010
Dear Anonymous,
You worked for DeMarco,so I am sure you are aware :They not only cheated their employees out of wages,they also charged exorbitant rent and late fees after getting title to the properties.
I urge you to " PLEASE Notify the Fbi, The Attorney general,This situation we are facing is horrible and we are about to lose our homes.
You stated you once faced Foreclosure ,The reasons for foreclosure are usually financial difficulties to death ,change in employment ,illness.
All of Demarcos clients (VICTIMS) were facing financial turmoil, one individual was undergoing treatment for thyroid cancer,I experinced a tragic death in the family and a drastic change at my job.
We are not looking for a free ride, DeMarco took our equity and also rent ,We were promised reserves ,repaired credit and a refinance at a lower rate, instead Demarco and his team (Title companies,Banks ,Managers,) kept the equity and let our homes go into foreclosure.
The closing docs stated we received the cash value of the property ,when I questioned this I was told the money was being set aside for any hardships we may experience and a downpayment was also being put aside.
In my case after paying a rent of 2900,I was told I could not use my reserves ,due to the compensation they had to pay the loan officer!!!!
DeMarco not only managed to get our properties ,they also got rent.The cashout if any that individuals received was not even enough to cover the rent DeMarco was charging.
We need A Bailout or a Rescue,we do not want to lose our homes. We want our equity so we can start paying a mortgage again.
This is not fair,DeMarco REI along with their partners in crime has managed to make life very miserable and sad for many individuals.
I am hoping Hud,the Fha can help us get back the cash out that was stated on our closing docs,this would help us get out of foreclosure. DeMarco and his affiliates (partners in crime) they should all be responsible in this Scam.
There is help for individuals facing foreclosure,There has to be a rescue for victims of a Scam as treacherous as this!!!
Thank you Anonymous in Philadelphia,plese notify the proper authorities with any information you have,I am speaking for anyone" SCAMMED BY DEMARCO,REI "
You must SPEAK UP ,we need The Government to know what transpired at these title companies and Banks.
Ed Magedson and Ripff Report I am so thankful to your site,You are our light at the end of the Tunnell !!


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