Williams promised his buyer VICTIM 1 that Williams would clean and paint the unit, which he never did. Also, Williams never completed the installation of the Pergo wood floor which he had promised.
Transaction Broker: Williams
Selling Broker: Williams
Listing Broker: Williams
Williams was assembling the buyer’s mortgage application, and urged the buyer to make a five percent down payment, however buyer insisted on putting ten percent down to get a better mortgage rate. At closing, the buyer found out that Williams had instructed the mortgage broker, Andy Inhelder, to prepare the loan with the five percent down payment that Williams had insisted upon, against the buyer’s direct instruction. Williams explained that his motivation was to get more cash back to the buyer, to use those funds to apply for additional units, as he repeatedly claimed, he was putting his clients on “the fast track,” to make them rich quickly.
After closing, Williams retained the buyer’s ““cash back”” toward future transactions. The buyer later learned that his “cash back” had been disguised on the closing documents as an HOA Assessment Fee.
Same as recorded elsewhere on this website, Williams told mortgage broker Andy Inhelder about the cash back to the buyer, and Inhelder said, “I don’t want to know about it.” This time related to preparing the purchase of a Yosemite Street Condominium unit for VICTIM 2
Same as recorded elsewhere on this website, Williams successfully urged his client (VICTIM 2) to obtain a fraudulent Verification of Rent affidavit. This time for the purchase of a Yosemite Street Condominium unit.
This incident perpetrated for the purchase of a unit in the Yosemite Street Condominium complex with VICTIM 2, Williams added his client’s name to William’s own business checking account, and then included statements from that account with the mortgage application to mislead the lender into believing that the deposits in William’s own checking account actually represented the buyer’s income.
Also, months after the closing, the buyer learned from the Uniform Underwriting and Transmittal Summary, Section III, Underwriting Information, that his income was falsely indicated, “Stable Monthly Income,” Base Income $10,000 for the buyer.
Disclosure to Buyer Documents regarding receipt of HOA Bylaws were signed by the buyer at the direction of Williams, even though no such bylaws were given to the buyer, and over the ensuing months, the buyer repeatedly requested his Realtor, who was also claiming to be the president of the HOA, to provide a copy of the bylaws.
Excerpt of closing documents for the purchase of a Yosemite Street Condominium unit, orchestrated by Williams: Disclosure to Buyer Documents, page 4 of 7, Section 8. a. (1) indicates, “Brokerage Firm shall be paid as follows: (a) Amount. A fee equal to 3 % of the purchase price…”
It appears however, according to a Closing Statement that includes Summary of Borrower’s Transaction, at “Division of Commission (line 700) follows:” that there was a $10,628 commission paid on this $79,950 sale, which represents a 13.2% commission split equally between Williams and the realty company with which Williams worked at the time.
Williams told the mortgage broker on the deal, Andy Inhelder, about the falsified application, and Inhelder later acknowledged to at least one of the buyers saying to Williams, “I don’t want to know about it.”
Williams successfully urged his client (VICTIM 2) to obtain a fraudulent Verification of Rent affidavit related to the purchase of a property located on Downing Street in Denver, CO. The buyer acknowledges guilt in this instance of fraud, while other criminal behaviors he learned of only after the fact, analyzing the documents that had been prepared for him by Williams. In a later effort to qualify this same buyer for a $480,000 property, Williams himself added a “1,” in front of the already fraudulent $300 a month, in an attempt to turn this document into a verification of rent for $1,300 a month.