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.
Author: COMPLAINANT
Cultivating Compromised Realty Relationships #2
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
Falsified Verification of Rent #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.
Falsified Verification of Deposit (to falsify income) #2
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.
Refusal to Deliver Copy of HOA Bylaws
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.
Possibly Misrepresented Commission
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.
Cultivating Compromised Realty Relationships #1
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.”
Falsified Verification of Rent #1
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.
Falsified Verification of Deposit (to falsify income) #1
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. Mortgage Broker Javier Sandoval with Equity Financial Resources adamantly claimed to a group of buyers and others that this practice was legal and also acceptable within the industry. This incident related to the purchase of property located on Downing Street in Denver, CO; VICTIM 2.
Realtor Commits Mortgage Fraud
Williams prepared and filed buyer’s mortgage application (VICTIM 1), and further exaggerated the buyer’s income, from the inflated $3,000 a month claimed for the previous Unit 11 (@ Yosemite Street Condominiums), to now, falsely claiming the buyer earned $5,000 a month. The buyer acknowledges guilt in some of the fraud, and other fraud he learned of only after the closing, reviewing the documents that had been prepared for him by Williams.
Beware Shaun Williams aka Christian Sky 