Land Resource CEO finds right fit in Orlando -- OrlandoSentinel...

Deb wrote:

A very important point was made by Cumberland Harbour --
"Before being appointed to the Board of Directors of Cumberland Harbour by "Bloody Bob" all Board Members had to sign a confidentiality agreement to withhold information from property owners until they announced it themselves."
I would think this is illegal, and if not, it's certainly shady....SCREAMS of malicious intent.

kelsyg -St Augustine FL wrote:

I can not find the investigative report you refer to. I've searced Orlando 13 site and can only find old stories. Can you tell me where to find it?

kelsyg wrote:

Got it! Thanks,
By the way, next Sat the Homeowners Association of Bridge Pointe will have the annual meeting. The new developer as well as officials from Camden County are on the agenda. It still disturbs me that an official from the new AIM-HOA is the same one from the old HOA and I believe lives at Cumberland Harbour. Is everyone connected to Bob Ward or am I just paranoid?

kelsyg wrote:

Who is Cumberland Harbours' POA Management Company?

kelsyg wrote:

At the recent HOA meeting it was stated that approximately 50 went to to foreclosure. The meeting was very reassuring as Mirabo/Emerson/Bridge Pointe Development are very decent and seem to be honorable and they have a lot of money invested in the community.
The new Board of Directors is also of high calliber, intelligent, educated and determined, also with much invested. There is also a new & very able attorney on board.
Check the website www.bridgepointeowners.blogspot.com/ for updates

john wrote:

I contacted the Georgia Attorney Generals office. They directed me to send complaints about BB&T to the FDIC. I think the more people that complain, the better. Here's the link to send complaints:
https://www2.fdic.gov/starsmail/index.asp
Here's what I wrote:
I believe I have been the victim of a real estate ponzi scheme enacted by Land Resource LLC and Branch Banking & Trust Co.
In March of 2007, I participated in a conference call from Green Light Real Estate LLC, which promoted lot sales at a development known as Bridge Pointe at Jekyll Sound in Waverly Georgia. After a very compelling sales pitch, I ignorantly invested in one of the lots that was financed by the preferred lender, BB&T.
The purchase price was $122,721.00. There was no real estate appraisal to support the loan. The loan agreement included a 13% hold-back to pay the mortgage payments for approximately 18 months, until the development was to be completed, at which time the lots were claimed to be able to be sold for a profit.
Unfortunately, the entire scheme was a fraud. There was never any development of the property after March of 2007. The developer, Land Resource LLC, filed for bankruptcy in October, 2008, and BB&T has began foreclosure procedings on my lot investment in early 2009.
I believe BB&T has breached ethical and possibly regulatory boundries in their participation in this real estate scheme. I would be more than happy to provide all the documentation in support of my claims.
And the requested resolution:
Foregivness of all the mortgages involved in this real estate scam, restitution of down payments, and removal of any negative credit reports.
Punishment of any bank officers for infractions as found by the FDIC.
Please send similar complaints as soon as you can.

Greyrock wrote:

<quoted text>
John, how did this work out for you- BB&T has started foreclosure on me now- my lot was in Greyrock in NC- very similar arrangement

wheezydog wrote:

That's your Bob Ward. Same one that "capped" the poor investors has capped his old lady.