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Ripoff Report | DeMarco REI Review - Philadelphia, Pennsylvania
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Report: #408969

Complaint Review: DeMarco REI - Philadelphia Pennsylvania

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  • Updated:
  • Reported By: passaic New Jersey
  • Author Confirmed What's this?
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  • DeMarco REI 1500 JFK Blvd Philadelphia, Pennsylvania U.S.A.
  • Phone: 215-988-0143
  • Web:
  • Category: Realtors

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This comapany has horrible tactics,They buy your home,charge astronomical rent,than try to evict you.

They lie on the summons stating they never agreed to sell your home back to you and never even acquired the property.

You are stripped of your equity and left with no money because they charge such large rents any moneies received at closing are all used to pay the rent.

Finally reality begins to set in they never had any intentions of selling your home back

This is very sad but very true this company thinks nothing of doing this.
Will justice be served? or will this company and others like it continue to
take away homes?

Saddy
passaic, New Jersey
U.S.A.

This report was posted on Ripoff Report on 01/06/2009 10:20 PM and is a permanent record located here: https://www.ripoffreport.com/reports/demarco-rei/philadelphia-pennsylvania/demarco-rei-double-whammy-philadelphia-pennsylvania-408969. 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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#9 Author of original report

Will there be a rescue for victims of Demarco,REI?

AUTHOR: Carlyn mccabe - (U.S.A.)

POSTED: Friday, October 15, 2010

Ed Magedson and Rip-Of Report have been exposing this corrupt criminal and his partners in crime since he started swindling investors ,stealing millions and letting all the homes of the foreclosure victims go right into foreclosure.Where is Anthony Demarco? The Fbi and the Attorney General are trying to resolve this case,but what about all who were scammed?

There are the investors who are now in foreclosure and worse,than the individuals in foreclosure are about to lose the homes that once belonged to them.These homes have been stripped of all the equity,the Hud documents were falsified,Anthony Demarco kept millions of dollars from the cash out on  100 homes or more do the math!!!

Once again I am hoping Justice will be served for us ,we have all been swindled and we need a rescue so we can be" Whole" again and have a normal life.A crime was commited that swindled individuals who were already in financial hardship and also this crime caused investors to lose their credit and also become financially ruined.

This is a disgrace and we need a rescue plan for all who were scammed by Demarco.Anthony Demarco and his Slugs must have millions of Dollars,he not only kept the cash out from the homes ,he chrged rents in ranging from 2000-4000 a month.

Please find these criminals so we can all get our lives back.Anyone who can help please the Fbi and Attorney General have all the necessary information on these ruthless criminals.

Thanks to Rip-off all this information is available for everyone to see.Ed I tahnk you and I am hoping Justice will be served.

 

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#8 Author of original report

we need Obama Foreclosure lease buy back Emergency assiastance loan

AUTHOR: Carlyn mccabe - (U.S.A.)

POSTED: Sunday, August 01, 2010

Because of Ed Magedson and Rip-off Report I have been reading that there are Obama plans for loan remodifiacation etc.This is great for individuals who are suffering financial Hardships , this is waht is needed and Thank you Obama Administration.


I am sure The Government is also aware of what has been happening to individuals Scammed by Lease buy back aka Bait & Switch:the unfortunate situation in our predicament is the equity has been stripped,though the Hud documents state Demarco gave us cash out from the sale of the properties ,this is not true.


Individuals Scammed by Demarco received menial cash-outs not even enough to pay the lease which my lease was 34,000 for 1 year and Demarco cash out was 20,000,I was suppose to have reserves set aside of 17,000 and also a down paymewnt of 43,000 this never occurred.There are and were other individuals Scammed they did not get a cash out,they received nothing at all.


The banks want these homes bank,what is so unjust and inequitable about this is many of us were paying over our  mortgage  the lease amount was exorbitant more than our mortgages were for 1 year .


There was so much fraud,I am asking on behalf of all us who were Scammed by Demarco can a Rescue for Lese buy back be put into place? I know in some states the Foreclsoure Rescue Fraud Prevention Act has alrady gone into effect and that should stop the con-artist and make way for the honest investor.


Many of us are about to lose our homes,the investors AKA the Straw Buyers have filed Bankruptcy which is really very bad for us we can wind up homeless.


We were doing as  this" Scam Artist " requested,it would be so helpful if there could be a Government rescue loan so we can pay a mortgage again.DeMarco rei stole our equity and the Straw buyers were not affected like us ,we are the ones that were robbed of everything ,the Banks just want the money or the house.


Please all Government Sponsored Agencies we need a program quick,we do not want to be in the streets becasue of this awful Scam.


It is a disgrace that this is going on in the USA,Thank you ED and all associates at Rip-Off Report,I am hoping that the proper authorities will read these reports and help us out of this" Night-Mare",so much for the American Dream.

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#7 Author of original report

WE WANT JUSTICE:LIVES AND HOMES ARE ABOUT TO BE DETROYED,Help is Needed

AUTHOR: Carlyn mccabe - (U.S.A.)

POSTED: Sunday, August 01, 2010

This may seem extreme but the individuals Scammed by Demarco,Rei are about to lose their homes and dignity,we are being disgraced because of a" set-up " performed by Anthony Demarco ,Title companies and many other Partners in crime.

A lot of individuals are trying to look the other way and blame us,this is because we have no funds ,we were to begin with " facing financial hardships"which is why we were facing foreclsoure,Demarco along with other Slugs orchestrated a plot to get lots of money,they also roped in investors also labeled "Straw -Buyers" in the end Demarco and some of the Slugs got money, equity from  at least 100  homes.

We do not know what happened to all the equity from all those homes,some individuals were paying rent,with a" Bold faced lie" down-paymenst were being set aside,Credit was being repaired,the large rents we were paying ,we had nothing to fear,reserves were being set aside "your home has so much equity" Mr.Demarcos words also Eric Havkins words.

This Scam gets worse some individuals received nothing at all; the "Financial Tragedy gets worse because the banks that closed on these properties received little or no mortgage,the banks are a business,they are looking at houses that are not being paid for,they are not looking at a life and home that is being destroyed.

Should the individuals scammed by Demarco just become homeless? What about the cash-out Denarco received from all his" Deals"? We were willing to do as Mr.Demarco asked instead he charged rent and never came up with reserves ,kept all teh money for him and his Slugs.

Can someone please help us,don't let these corrupt idiots get away with this.we are willing to pay back a loan and work very hard to get back what was scammed from us,we were trying to.

Anthony Demarco and all other imposters pretending to be attorneys,forging signatures ,stealing funds and messing up lives:Why don't you all come forward and give back the money you stole,You are really making thins so bad for so many people.

Thanks Ed,I know it is Sunday,I do not know what is going to happen next,of only those closing docs were true,I along with many others would not be in this awful predicament.

I am hoping HUD,FHA,FTC,cand help get these corrupt individuals who have made so many lives miserable.

Thank You Rip-Off for your site,I hope some one who can help us is reading this.

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#6 Author of original report

AND THE SCAM GOES ON ,THE SCAM GOES ON

AUTHOR: Carlyn mccabe - (U.S.A.)

POSTED: Saturday, July 31, 2010

Ocwen and Garden State Land & Title: Do you know that Demarco and his swine have destroyed many lives and are making life miserable for so many individuals.

The closings that Demarco orchestrated with his pajama act and his operator aka Kristen all were part of the set up,sign to make the deal work,pay higher rent to make the deal work, the documents in my possesion from TBW state I received 150,000 ,though it was not notarized.I really want to know what happened to all that money???

Ocwen I know you do not care ,you are a very rich company ,though my equity was stripped and I paid rent of 2900 , no one cares.We are just unfortuanate individulas who came across hard times.If I hit the lottery for mega millions I would help everyone of DeMarcos victims (Myself included)

I cannot stand what has been done,I lose sleep,I think every day what is going to happen next,I was told so many lies as we all were and now we are being fed to the sharks.

"The American Dream" has turned into a nighmare,you  try to save it at any cost and a scam artist like Demarco comes along.

I do not what happened,straw buyer, investor I just know that Fraud,Forgery, Deceit,is all I have seen .We are all just middle class Americans.I am hoping there will be something done for us,no it's not Katrina or an Earthquake,Thank God.

This Corrupt Scam has and is making life miserable for so many individuals,these foreclsoure victims are individuals with families and lives,what is going on now is awful.

Ocwen, Demarco Rei told me he had a down payment set aside for me,obviously he did not .I am hoping that there will be bail out so I can buy back the home that was taken from me.

In closing I am heart broken and very sad for all of us who are about to lose our homes.Can someone please help us?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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#5 Author of original report

Where Did All the Money Go?!!!!!!

AUTHOR: Carlyn mccabe - (U.S.A.)

POSTED: Thursday, July 29, 2010

While Anthony Deamrco is riding around in a very expensive car and wearing expensive suits,former employess have not been paid,for the exception of one who managed to get legal help immediately,the individuals who were in foreclosure are in a situation worse than foreclsoure.

Comments are being made that we knew what we were getting into,DeMarco saved our homes,no he did not! What Deamrco did was a corrupt Scam ,he obtained public records from the bank sent out correspondence with incidents where he had saved homes and got cash for individuals at this time DeMarco was AKA Dvr properties.

I desparaterly wanted to save my home,and the proposal seemed so great,Pay rent,get a cash out from the sale of your home,reserve account for emergencies and Nu-Credit would fix your credit;within 1 year you would be refinanced at a lower rate.

I was hesitant however I was thinking if I received cash out and the rent was within reason I could save money and I would be able to become a homeowner again. I did want to think it over for a couple of days but was told by Eric Havkin any day a yellow sticker would be placed on my door.

I should have verified this but I was very worried and afraid,unfortuantely the day of closing had many changes on the documents,I was not going to sign but was advised due to escalation in taxes,THE RENT HAD TO BE RASIED $900.00 more than the origianl agreement and my cash out would be more and not to forget all the equity I had.

Eric assured me it was  like I still owned the property,I received some of the documents at closing,the reaminder I received in the mail a few days later,that is when I noticed amount to seller 150,000.,I asked Eric about this was advised a down payment was being set aside,reserve account of 17,000 and I would only be getting 20,000 cash -out.

Things only got worse over the next couple of days the loan officer Saul Freedman was fired ,Saul took me to the closing.I was receiving calls at 3:am ,SOMEONE TELLING ME I WAS SOLD DOWN THE RIVER.

I was also contacted by the wage & hour bureau regarding Mr.Freedman and I was advised I was being recorded and I had to state that Saul Freedman did take me to closing.Mr. Freedman is one of the few who did get paid ,he acted immmediately.

I paid DeMarco the 2900 rent ,which was a large rent.I asked about the reserves I WAS working part time and was advised they were no longer available ,the loan officer demanded a large commission and amybe I should have lied to the wage & hour board and state that Eric Havkin took me to closing. 

There was suppose to be a Whistle Blower case against DeMarco with Saul Freedman testyfying ,I did help him but this never happened.Things only got worse I used my cash out ,never got reserves, though I have a Hud statement cash to seller 150,000.

I have spoke with other individuals and their Hud statement is like mine ,Mrs. Sullivan asvised her Hud staes 180,000 cash to seller,she received 20,000.

This is what happened to all of us,I imagine Demarco received a lot of cash,Mrs.Sullivan and I are only 2 and  that adds up to 330,000 .

So you see our homes and equity was stolen and we even paid after the cash out was pocketed by "THE Slugs".

I am asking on behalf of all of us ,Can we get back this money that was robbed and can our homes be saved. This crime is so awful,Once again so many were Harmed by this Scam.

Don't put us in the strret. Thanks Ed,I am trying to get us some Help.I am really taking advantage of your site,But I want all to know what happened to us .

Thank you all at Rip-off Report.

 

 

 

 

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#4 Author of original report

Indymac Bank,Litton loan,Tbw,Ocwen ,all involved with Scam AKA DeMarco ,REI

AUTHOR: Carlyn mccabe - (U.S.A.)

POSTED: Wednesday, July 28, 2010

First and Foremost:  Praise and recognition for Ed Magedson and ripoff report,Ed and his staff have made it possible for all to know, the Corrupt unscrupulous tactics of this scam that has hurt and is destroying ex-employees,Investors and the worst effected those who were facing foreclosure.

The banks and or Mortgage companies involved with DeMarco are just as corrupt as DeMarco,Rei:Tbw has been shut down by the Fha,Litton loan was acquired by Goldman & Sachs and there are class action law suits against these companies,Ocwen who now has taken over all Taylor Bean & Whitatker loans also has law suits filed against them and Indymac Bank many issues of Corrupt conduct.

I am hoping and asking if there is some kind of help for the victims of this Scam,everything involves "MONEY" and since the foreclsoure victims were facing foreclosure to begin with,we have no money now,the HUD docs are fraud and we did not get the funds stated on the HUD documents.

The majority of Lawyers look the other way because the foreclsoure victims have no money,they do not want our cases,Rip-Off Report is our sounding block ,hopefully a lawyer and Govt. agency will read what has taken place and try to resolve this crime that is hurting so many.

We,(foreclosure victims) seem like the bad guys now,we are left with no equity on the foreclosed home ,we paid large rents and now Anthony,Eric,Buzz,Biana,Kristen, can just go on with their lives after they have ruined ours.

I am once again asking on behalf of us all: There has to be a program to Help us,we tried to do as DeMarco asked ,and he just took everything and left us all worse off than ever.

Please do not let DeMarco Rei take away our homes,our money was stolen and the documents state we received full cash out.If we could get that money,we could buy back our homes and start paying a mortgage again.

I want to be truthful,I am confused regarding what part the  strawbyers/investors had in this Scam,since there are investors who are legitimate and do a lese buy back the honest way,maybe they were not aware of DeMarco's strategy,but you can't get blood from a stone and DeMarco took our equity,plus charged us rent and some individuals who were in foreclsoure received no cash at all:This information is on Rip-Off Report.

I am presenting all the facts and asking once again can someone please help the victims of DeMarco,Rei.

Thanks all of you at Rip-OFF Report.

 

 

 

 

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#3 Author of original report

Sleepless nights,loss of dignity, Embarrassment,Fear

AUTHOR: Carlyn mccabe - (U.S.A.)

POSTED: Monday, July 26, 2010

What was suppose to give us a Fresh Start,Repaired credit by Nu-credit solutions aka as non existent ,Reserves for Hardships and a refinance in a years time at a low rate has resulted in a true nightmare for the individuals Scammed by DeMarco and the slugs.

Many probably think how stupid we were and maybe we should have walked away,but when you are about to lose the so called American Dream that you worked for and even though it could be the smallest house,You worked for it and you want to try & KEEP IT.

All your Equity just gets taken away,many victims not realizing what was done because of Forgery & Lies had no idea what had transpired.Now we seem like hopeless deadbeats,much worse than before because now we can't get a mortgage,have no equity to refinance because everything is lost.

What do you do at 50 years old after you worked for 30 years and some low-life Slug decides to take your home,What does a mother do who thought she could pay tuition for her children with the set aside reserves? What about the young woman who survived Thyroid Cancer and the investor told her "Your House is for Sale?" These are Facts not stories and there are many more sad Facts this Scam has made.

Anthony DeMarco what an actor he showed up 2 times in his pajamas at the" Infamous Title Company" said I was living 'rent-Free" yet i have many Cancelled checks.I only wish we would have recived enough to give us that Fresh Start and refinance in 1 year.

Please don't judge us ,we were trying to Get our lives back.I only hope there will be some justice for us I do not want us to become (Homeless)

We the individuals Scammed by DeMarco AND The Slugs Are asking for Help.Rip-Off and Ed thanks for letting me get this message across.

                                                            Good Night to all,

I cannot sleep it is 2;30 am I just keep worrying for all of us.

                         

 

 

 

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#2 Author of original report

Where is Anthony DeMarco and all his Partners in crime??

AUTHOR: Carlyn mccabe - (U.S.A.)

POSTED: Thursday, July 22, 2010

Anthony,Eric,Buzz,Biana,Kristen, and all members of the DeMarco Scam:Now that your Scam has and is ruining so many lives,where are you all now?

Are any of you aware of what is going on? The problems and lives that are being destroyed:Each of you are very greedy at the most awful time of our lives you took advantage of us,your Scam has casued Financial Hardships worse than the Foreclosure Situations we were in.

You and your accomplices used investors to get our homes, you did not even care what hardships individuals  were facing ,you just cared about the money.I do not know exactly how this Scam worked ,you charged rent and kept the proceeds from the sellers. What happened to all that money and what about those who paid rent and the set aside reserves?

Anthony and all your Crooked Partners in Crime:You should all pay back what you took,I do not how it worked with investors straw buyers ,I do not know if they used their money ,but there was forgery,stealing lies.

Each and everyone of you are "Despicable Horrible Individuals" you had your pajama charade and Eric had his story about the" Yellow Sticker on my door" and now it is so much worse for all involved!!!

SO Anthony and all you Slugs why don't you come from uinder the rock you are under and give back the reserves and down payments back so all of us can have our lives back.

I am feeling so sick and frustrated,there are individulas with children who lost their jobs,some experienced illness or lost a loved one and you and your Sharks just made things worse.

Please Hud,Obama Administration there are "Middle Class Americans'" about to lose everything, Plese a Bailout is needed for victims of  "The DeMarco Scam" 

 

 

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#1 Author of original report

Hud Fha plese help victims of DEmarco Rei ***help Sve our homes I am about to become HOMELESS************

AUTHOR: Carlyn mccabe - (U.S.A.)

POSTED: Saturday, July 17, 2010

As everyone has been reading DEMarco rei along with Clay Rives,and other straw buyers has made our situation  worse than ever,Our equity has been stripped and now The Bankruptcy court is filing a motion to remove me from the property.

There are documents in my possesion stating I was awarded 150,000 which I was not.I also paid 2900 a month to Demarco after they took title on my home.

I am working 2 jobs and if I could get my equity back I would gladly start paying my mortgage again.If there is anyone out there who can help me I am crying for help.

I lost my mom in november to a brain stem stroke,I worked so hard for this home and I love it so much.Plese FHA,Hud,Taylor Baen and Whittaker were the original holders of the mortgage.

Clay Rives this may be so easy for you,But rent in athe amount of 2900 was taken from me and my home was also taken.

I will work 3 jobs if necessary.Can someone help the victims of DeMarco,I do not want to lose my home.Ocwen please help.

If there is anyone out there who can help me and the victims of Demarco save our homes and become one again and not homeless,this is our cry for help.

Clay I thought you would at least try and help,you have hurt me so much. This is the end of my dream.*****************************************************

 

 

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