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Scam: #630

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Just wanted a Home Share

Sandy (Sandra) Rainey

Eden-Barn Foundation

Newcastle, California, 95658

THE EDEN-BARN SCAM
Hugh J. and Anita Grace
702.586.1919 begin_of_the_skype_highlighting              702.586.1919      end_of_the_skype_highlighting or 702.292.2055

I am 66 years old and probably should have known better.
Eden-Barn is a company promoted by Sandy Rainey claiming to be able to arrange low interest home loan financing after paying an upfront fee of $2,000.

In September of 2009 we were introduced to a company called Eden-Barn (EB) by a friend of ours who is now also a victim of this scam. We were scammed for $2,200 on September 13, 2009 that included a $200 fee to expedite our application. We were scammed by a Woman named Sandy Rainey who was promoting a humanitarian real estate scam, Eden-Barn. Sandy was promoting membership in the company (EB). Sandy made a variety of claims leaving one with the impression that once you have been accepted by Eden-Barn and they formed your Limited Partnership (LP) it would be about 90 days and your LP would be funded with a low interest loan by Eden Barn allowing you to purchase a home at an unbelievably low interest rate and payment. Example: a $350,000 15 year loan would have a monthly payment of approx $838.00

Sandy, (tel: 916.663.0179) claimed that Eden-Barn was funded by a self made millionaire name Frank Stempfer whom she met one day wandering around outside her property at 8265 State Hwy # 193 Newcastle, CA 95658, in California. Frank convinced Sandy to leave her $150,000 a year job to join him in this humanitarian effort. Frank, being the philanthropic millionaire that he is, had decided to use his Non-Profit Foundation (Eden-Barn Foundation) to fund LP’s through which Eden-Barn members could purchase homes. Frank, after all, had a very successful Canadian Company called Eden-Barn Industries that was making millions through mining, manufacturing telecommunications and real estate to name a few of Frank’s diversified ventures. Sandy also claimed that Frank had been a major player in the Reagan Administration.

Eden-Barn Industries in Canada is not what it was represented to be. Eden-Barn is a shell company whose only address, 10154 St Sw Suite 1130, Calgary, AB,T2R 1J4 (or, 1015 4 St. SW Suite 1130, Calgary, AB., T2R I J4) and telephone number, 403-252-9937, is the law firm that acts as the resident agent. Frank Stempfer (“Uncle Frank”) is not a millionaire philanthropist, was never a member of the Reagan Administration, and is a con. The Eden-Barn literature states, “Eden Barn is an asset holding company mines, precious metals, manufacturing distribution, research and development, telecommunication and real estate.” None of this is true.
We have a variety of documents to support our claim. To date there are at least 250 other people who have been scammed by Sandy, Frank and David Thawley
In Las Vegas Eden-Barn is represented and promoted by David and Julia Thawley, 2036 Oliver Spring St., Henderson NV 89052-8523. Mr. Thawley tried to convince a friend of mine he was a victim also but he continues to promote Eden-Barn.
Since requesting a refund Eden-Barn, Sandy and David have cut off all communication with us including not notifying us of any webinars. Eden-Barn has funded no loans to date.

It's really terrible when Companies take advantage of the elderly !!! This money they took from us is part of our retirement fund.
Sandy Rainey-s.rainey@sbcglobal.net (916) 521.7870 - cell David Thawley-(702) 407.9557
edenbarn.org chairman@eden-barn.org.uk

Thank You,
Anita Grace

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Eden-Barn Foundation

Comments

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You better hope you are right, Anita. And, if not hope you have good insurance.
I am a very happy Eden Barn Member and I know for a fact that two police incident reports were filed last week one with the sheriff in CA and one with the Sheriff in Nevada. And it wasn't against Eden Barn. It was against Anita and Jim Grace.

I know for a fact that Jim has been sending death threats to Sandy. The Graces also threatened Sandy's 10 year old son. I found out he was so scared of "a crazy man" that he was sleeping with a baseball bat.

Hmmm what kind of woe's me 66 year old does that? Jim and Anita Grace are certifiable nut case. There is absolutely no truth to this information.
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Jim and Anita....it is a shame that you do not understand this company. Frank is at the brink of cresting over this monster of a mountain and you send out this post. The fact that you want EB to do dance for only you and forget the other thousands of people suffering out there is horrible.

I have been a member of EB since August of 2009. I understood this division of EB had some hurdles to overcome and there would be some delays as they cleared the obstacles.

I am from the mortgage industry. You want to see UGLY, you want to see THEFT. I watched it from the inside. I watched a Loan Officer LEGALLY charge $20K on a $300K loan to a unknowning borrower. He didn't do this once, but 3 different times. AND I couldn't do a damn thing to stop it. $2000 flat fee is about the kindest thing I have seen in the last 10 years.

I personally lost my home and never in my life would I make EB responsible for my loss. Let alone threaten someone's life...and worse yet scare a child. (I wonder why they have stopped all communication with you....do you want to take a wild guess here?)

The fact EB wants to help me purchase a new home and I had to wait a few extra months is worth it to me. Otherwise, I would be waiting for 4 years.

As far as Sandy is concerned...I have met her in person and have had the chance to see her character. In my opinion, it is of the highest integrity! And what you fail to understand the most, is the weight she is personally carrying to drag this thing over the finish line, FOR YOU!!!
  • Tim
  • Submitted: 04/24/2010
Were these two Yahoos watching the same presentation I was? Cause I never heard any of what they are saying....and I have been on about 80% of the calls. I was in the presentation in LA, SD and LV and I have been on a serious number of calls.

You know what I think? I think Anita is either deaf, blind or both. Or maybe just a LIAR! Eden Barn just needs to get rid of the poison and move on......and when Anita is looking back thinkin' man was I close to that "house I wanted" and kick herself is her big butt!
  • ED
  • Submitted: 04/24/2010
ED


clearly the Grace,s did not listen to or understand the presentation given
I do not know Sandy or David well, but I can tell you I know Jim and Anita. In fact, we used to be good friends. I totally agree, they are cerifiably nutcases. Jim has an overinflated opinion of himself and in my opinion, is completely off the deep end. It is in the best interest of Eden Barn, of which I am a member, to get rid of them. The faster the better.
Oh God, I just notices, do you see what I mean? Who other than a major F*&^%$@ puts their own picture on the Scam site. I just have one question, which one is the dog?
I met yesterday and was shown Anita and Jims attempts to extort money from Eden Barn. I also listened to the death threats Jim levied Sandy. He IS LOWER THAN SCUM OF THE EARTH. He even had a child leave her a message. EDEN BARN - I HOPE YOU SUE THE S%$# out of them. These TWO SHOULD BE IN JAIL.
Jim and Anita might be spending the rest of that retirement money defending themselves in a lawsuit. I got my letter yesterday and it is AWESOME at Eden Barn!
I got my letter too! Yes, things are happening and I WILL have my house! What a bummer, Anita, you pulled the trigger just a weeeee bit too soon. SEE YA!!!!!!!
If it were not for Eden Barn, my dream of being debt free would NEVER come to fruition. My house would be foreclosed on. I would be sued by my credit card companies. The list goes on. Eden Barn did not get me into this financial nightmare, I did. Eden Barn is offering me a way out. Way to go Eden Barn. Keep up the good work...and as for the two idiotsticks that threatened Sandy and her family...well, did you know that Sandy's best friend in the whole world is one of the head honchos of the "Hells Angels" based out of Las Vegas. Watch your own backs!!!!
  • ZAQ!
  • Submitted: 04/25/2010
Has anyone been funded by Eden Barn yet? I understand that everyone wants Eden Barn to be real, but what if it isn't? What if we have all been scamed? If is sounds too good to be true, it usually is. I don't think people should be angry about what has been said about Eden Barn. It maybe true. Anyone who has been funded, please give us your information so we know Eden Barn is for real.
  • JOY
  • Submitted: 04/26/2010
I don't know these people, but Hugh and Anita's testimony is almost identical to ours here in Colorado Springs, CO. These comments that are being posted about Hugh and Anita are quite personal and offensive with very little fact, other than statements such as, "I know for a fact". I don't know how credible you are. What I do know, however, is my own personal experience with Eden-Barn. For $1,750 to date, all I have received tangible so far is a metal stamp in the mail with legal docs from the State of Nevada in a nice binder. Thank you Eden-Barn! Just one more thing to collect dust.If Eden-Barn doesn't have it together yet; maybe they shouldn't be taking people's money. If "Uncle Frank" is so rich, he should have been business minded enough to have a strong foundation to carry this process out without creating a martyr such as Sandy. And about Sandy…. I have to wonder the credibility of someone that is associated with the Hell's Angels. You talk about Sandy's character like she's a GOD. Anyone whose BFF is "head honcho" of the Hell’s Angels and other friends that make threats is probably in other shady practices to include EDEN - BARN. What I have to say to her and her wicked cronies is... PUT-UP-OR-SHUT- UP!!! Either way… I will not lose my JOY over this; I will just consider this a $1,750 lesson.
Zaq, I only have one thing to say to you. "WHAT IF IT'S REAL?" How idiotic is it of you to say something on line that is hurting the company that is designed to help YOU. Are you a lemming?

And Joy out of Colorado Springs. You should change your name. You sound like you are filled with contempt. Or, maybe you support death threats to an executive at EB. Maybe you support scaring the HELL out of children Or maybe it is YOU leaving the messages for Sandy.

You should be ashamed of yourself! YOU ACT LIKE EB OWES YOU! Let me tell you, Frank doesn't have to do this for people. I say when he finds out who you are he cancels your LPs and just goes and invests his funds in people who are true partners. Then he doesn't have to deal with deadbeats in Colorado Springs. Then Joy in CO. Springs will be begging him to come back!

HELLO!!!! Incident reports were filed with the POLICE! I am willing to bet that Sandy and Eden Barn know EXACTLY who you ingrates are. Would not be suprised if they find out and THEN EB will be left with only the good. You ingrates who act like EB owes you will be right back in your same pathetic situations.

  • JOY
  • Submitted: 04/26/2010
Didn't I say PUT-UP-OR-SHUT-UP?

U really R an IDIOT!
Hey why don't you go down to Bank of America and apply for a loan there? My guess, you NEED Eden Barn. I am willing to bet you are way behind on payments of your mortgage and other debt. It is clear you are possessed by Satan. I will pray for you.
  • JOY
  • Submitted: 04/26/2010
You couldn’t be more wrong. I am just the opposite. I’m an investor and I know a scam when I see one. My guess is you are telling on yourself. I pay my bills on time, my house isn’t in foreclosure, but it sure would have been nice to have more cash flow per month. Notice I said NICE and not NEEDED. I don’t NEED Eden-Barn. Quite the contrary; they need suckers like you and me and there will be others. As P.T. Barnum put it, “There’s a sucker born every minute”.
  • ZAQ!
  • Submitted: 04/26/2010
If your mortgage is behind and your bills are late I feel sorry for you, URanidiot. I don't have that problem. I can smell a scam. no one does something for nothing, There has to be money in it for Eden-Barn. I call it a $1,750 school of life lesson.
Joy,

You can add Ass$#@* to that resume.
My guess is ZAQ and JOY you'll hide behind your screen name and GLADLY take Eden Barns funds to provide the help you don't need. Hipocrites!

EB is gonna find out who you are. I can just feel it. AND when Frank, who has NO OBLIGATION TO PROVIDE YOU WITH A FUND, tells you to go FIND YOURSELF ANOTHER SUGAR DADDY, all of us who KNOW this is real, are gonna be laughing our A$$#S off!
  • ZAQ!
  • Submitted: 04/26/2010
My guess is VeryHappytobeanEBMember is URanidiot. Your about to findout the truth about Eden-Barn. I don't care about the money, I just don't want to see anyone else get hurt by this scam.
Well, you know what they say about assuming Zaq. I find it VERY HARD to believe you are not in this for you and only you. To suggest it is for the best interest of someone else is not beleivabIe at all. In fact, if you even gave a damn about anyone other than yourself you would not be doing this to the members of EB.
  • ZAQ!
  • Submitted: 04/26/2010
So far you have a 100% wrong record. Don't mess it up VeryHappytobeanEDMember or URanidiot. Which ever you like to be called. I run my own non-profit that does contribute to others and I made the misstake of thinking Eden-Barn did the same. How many people has Eden-Barn helped to date? None that I know. If you have different information, please share it or stop trying to slander people.
As far as helping whom? Let me tell you. For 4 months Eden Barn paid my best friends gas bill while they were both out of work! You know ZAQ or whatever your name is, you may not even be a member of Eden Barn? Who is to say, your very existence isn't threatened by Eden Barn? Who is to say, you are related to the Grace Family in Las Vegas? Yup, I think I did have it all wrong.
I believe Love Always Wins! If we don't have hope, we have nothing left.
Thank you Frank Stempfer. I am so glad you are not sitting back taking this BS! Your post says it all. The truth is out about Jim and Anita! They are shameful!
Dear Frank and Sandy,

Thank you! In the face of such malicious threats, you have stayed the course. You have not been deterred, but held fast to your mission and beliefs. I am proud to be one of your Members and support your efforts to bring prosperity back to those who have been so harmed by the corruption of the Lending Industry. Many would have given up on this project, not because of these pitiful attacks, but because of the size of the obstacles that were in front of you. It takes dedication and determination to overcome what you have! Eden Barn owes it existence to you both. What that means to us as Members remains to be seen, but I have a sense it will be beyond my wildest dreams. Thank you from the bottom of my heart for dreaming this company into existence!!!!!
My husband & I have been believers in Sandy Rainey and Eden Barn since first hearing of it October when we first heard about their mission. When the people of this world quits thinking about just themselves and thinks of others, we will all live in a better place. That is what Eden Barns mission is. To make the world a better place. Greed runs rampant throughout our selfish world and unfortunately I think you may have been bitten by the same “Greedy Bug” that many have fallen victim to. Why don’t you think about the benefits to everyone and not just yourself when spreading slanderous threats on people and their children. Karma is a beautiful thing, I just hope you get yours sooner rather than later!!! Sandy we believe in you and Eden Barn. We are behind you 100%. Keep up the good work girl!!!
  • JOY
  • Submitted: 04/27/2010
Tell the voice in your head to... SHUSHHHHHH!
Joy

That's next to impossible, those voices in my head just keep telling me what a big dumb ass you are.
  • JOY
  • Submitted: 04/27/2010
YOU WILL KNOW MY NAME because it WILL be mentioned in a CLASS ACTION LAW SUIT against EDEN BARN! YOU DO NOT SCARE ME because I know WHO I AM; not only in the flesh but spiritually. All of your plans and schemes are NO MORE. I command the TRUTH to come forward and I have the FULL ARMOR OF THE LORD to protect me OF WHOM I AM AND WHO I SERVE. I NEED NOTHING ELSE! Did you not remember you had to CLICK on a box that said “am willing to be contacted to help with an investigation against a Person, Business or Product that I am reporting”. Your house of cards is about ready to crumble and you will KNOW my name.
You are SATAN!
Why wait? Why not post who you are right now Joy? I see that Frank and Sandy have nothing to hide. They have put up excellent documentation to support their situation. Be the Godly person you say you are and come out of your tutle shell. You know what you are Joy? You're a COWARD. And, you might be fortunate to get anyone other than the Graces to join you in a "class action" I am gonna be laughing my butt off VERY SOON.
  • JOY
  • Submitted: 04/27/2010
REALLY? Anyone with half a brain WILL be able to view the evidence.
  • JOY
  • Submitted: 04/27/2010
I did my due diligence non of these police reports were filed on the dates you said. You are a LIAR!
Joy

I was on that call this morning, and I have to say....not only are you not a member, but you are WACKED and you just gave Eden Barn a whole lot of ammo.
Well, well, well...Just got an email from Sandy. A very interesting development just came up. Joy, is no other than JOYCE WOOD, that is MRS. BRENT WOOD who received this letter yesterday from Eden Barn.

Dear Mr. Brent Wood,

This is Sandra Rainey, Vice President of Eden Barn. A copy of this note is going to Eden Barn Legal, Mr. Frank Stempfer and I am permitting our leaders to distribute this to all Members and Limited Partners in their regions, including Colorado.

You had a legal obligation to explore whether the inflammatory statements made about Eden Barn, Dave Thawley, John Alberts and myself were true and of any substance. Your choice to defame, slander and libel all of us was an egregious act of malice.

For your benefit, I have included in this email Brent, the definition of Libel. All of us have retained or are about to retain personal injury attorneys to pursue legal action against any and all persons and organizations who chose not to adhere to the law.

Had you done any exploring at all, or given Eden Barn the opportunity to provide you with details supporting our claim, here are things you would have learned.

You’d have found that Dave Thawley (a former Police Officer with the City of San Jose, CA) and I filed incident reports with Placer County (CA) Sheriff and Henderson Nevada Police Department. The Grace Family tried to extort money from Eden Barn and made death threats against me, my Husband and my 10 year old Son. (All saved on MP3).

You’d have found that in contacting my cell phone carrier for records of origination of threatening phone calls, it was discovered they were coming from the “exchange” in Las Vegas, NV.

Since the LP is not refundable (Statutory in NV) , you’d have found that an offer was made to purchase the Grace Family LP at a very reasonable rate minus the cost to change the name. The amount totaled $1750. The Grace Family would have had a small capital loss but in light of the fact that a new holder of the LP would have a charge of $585, it is fair.

You would have also found that I have a pending restraining order against Jim and Anita Grace, all relatives of the Grace Family and Extreme Digital Products, their advertising specialty company.

You would also have found that every inbound phone call and every presentation are recorded for the purpose of ensuring accuracy in statements and that there is no misrepresentation of information.

Definition of Libel:
The definition of libel depends upon whom is asked. It is clear that the definition of libel in U. S. law revolves around defamation of character in the written form. One definition of libel may not be enough to satisfy most, so we've put together the top 10 definitions of libel from various legal resources.
Definition of libel

1: Libel is the written act of defamation, vs. slander, the oral act of defamation.

2: use of print or pictures to harm someone's reputation. Until 1964, a person could prove that they had been libeled simply by showing that the statements in question were incorrect. In 1964, the Supreme Court decided that public officials had to prove that the statements in question were made with "actual malice"-for the purpose of harming the person's reputation. As a result of the Supreme Court case, Time, Inc. v. Firestone (1976); private individuals only have to prove negligence, rather than "actual malice," on the part of the press.
Definition of libel

3: Defamation of an individual or individuals in a published work, with malice aforethought. In litigation, the falsity of the libelous statements or representations, as well the intention of malice, has to be proved for there to be libel. In addition, financial damages to the parties so libeled must be incurred as a result of the material in question for there to be an assessment of the amount of damages to be awarded to a claimant. This is contrasted to slander, which is defamation through the spoken word.

Here is one more thing that you should know. The General Partner has the option to resign as the GP at any time and in doing so, would leave the LP with one of 2 options: Find a new General Partner or dissolve the partnership.

Brent, I have no reason to believe that you had any thing other than Libel in mind when you posted in writing your untrue and inaccurate statements about Eden Barn and the employees. You acted with the direct intent to cause irreparable damage to all of the Members of Eden Barn. I am going to demonstrate this tomorrow at a special invitation only event. It will be my greatest act to see that justice is received on behalf of all current and future members of Eden Barn.

What a shame that you acted at this time within a hair of the release of fund to you as an LP. Gosh, it was like running the race and stopping just short of the finish line.



  • JOY
  • Submitted: 04/27/2010
BULLING TACTICS WI LL NOT WORK!!!!!!!!!!!!!!!!!!!
  • JOY
  • Submitted: 04/27/2010
Thank you for letting me know your bulling tactics SANDY!!!
  • JOY
  • Submitted: 04/27/2010
Sandy wrote me this e-mail
Well, well, well...Just got an email from Sandy. A very interesting development just came up. Joy, is no other than JOYCE WOOD, that is MRS. BRENT WOOD who received this letter yesterday from Eden Barn.
  • JOY
  • Submitted: 04/27/2010
She could only know about this because I spoke out against EDEN BARN.
  • JOY
  • Submitted: 04/27/2010
IF YOU THINK THIS IS A SCAM

CALL ME:

719.200.2799
Hey Joyce......you spelled Bullying wrong.
Joy....Who are you???? You are looking so foolish. Calm Down!

(I also responsed in kind to the other posts, so you do not confuse the people who really know what Frank and Sandy are doing for us.)

The information you assume you found on the internet, is not accurate by any means. Please take the time to call them, I did! There is no weight to it.

I cannot fathom a "person of God", running around posting one paranoid blog after the next.

We are all adults here and are very capable of doing our own due diligence. There will be no CLASS ACTION suit from me. So, please exclude my FLP from your concern. You do not represent the BODY of Eden Barn Members who have been "scammed". This is your own personal challange, for what reasons we do not know, but you lack the professionalism it would require to even represent yourself.

If you do not want to be in a business relationship with Eden Barn, please excuse yourself politely from the table.

Many of us support and have calmly asked the questions we needed, in order to understand what we were getting into. I have never had any information withheld from me. Nor have I attacked anyone to try and pry it from them. Sandy and Frank have freely offered their information to me and my family upon request.

Relying on advice and sharing the same script of people who threaten violence is a very strange behavior for a God fearing person. You might want to check that Bible out again.
  • ZAQ!
  • Submitted: 04/28/2010
Mortgage lending scams are an unfortunate reality in today’s market. As in nearly every area of business, there are a few unscrupulous operators that will attempt to take advantage of the unwary mortgage loan consumer. Often targeting the most vulnerable members of society, such as the elderly, those with shaky a credit history, and consumers in dire financial straits, mortgage and home equity lending scams bilk American consumers and lending institutions out of millions of dollars every year.
Mortgage Scam 1. It’s a bank….you know Countrywide, Wells Fargo, Washington Mutual etc, Banks are not the low cost providers …big surprise, right! And they don’t have to disclose their overage (ie. YSP or SRP).
Mortgage Scam 2. They don’t have you sign anything…no application, good faith estimate etc. (self-explanatory)
Mortgage Scam 3. They have you sign blank documents. Signing blank documents is worse than no documents.
Mortgage Scam 4. They are a friend or family member…once you learn the truth, so long friend.
Mortgage Scam 5. They verbally lock loans…no lender lock confirmation. Failure to send lock confirmation is prima facia evidence of hiding the YSP.
Mortgage Scam 6. They play stupid or get irritated when you mention YSP (yield spread premium).
Mortgage Scam 8. They are uncomfortable or irritated discussing their compensation. Scammers can’t discuss and explain their total compensation without equivocation, run!
Mortgage Scam 16. They won’t disclose their exact total compensation. This includes all revenue generated by origination fees, broker fees, processing fees, and all “back-end” compensation also known as yield spread premiums (for brokers) or service release premiums (for banks).
Mortgage Scam 19. They can’t explain how the index and margin come together to make a rate.
Mortgage Scam 31. They claim or allow you to assume, you can get the lowest rate simultaneously with a No-Cost or Flat Fee loan.
Mortgage Scam 34. They quote you a rate without first gathering important, rate-changing information like, type of loan, credit score, loan-to-value, and income qualifying vs. stated income, etc.
Mortgage Scam 35. They don’t mention mortgage insurance when the loan to value is over 80%.
Mortgage Scam 36. They can’t get a loan done in less than 30 days.

You are messing with the wrong people. I am a government employee and I am reporting this to my company, the FBI.
  • ZAQ!
  • Submitted: 04/28/2010
If you have any questions about this company, please feel free to call my employer directly at 210-650-6777.
  • ZAQ!
  • Submitted: 04/28/2010
This one could be a particularly nasty mortgage lending scam is aimed specifically at the financially distressed homeowner. Sold as a rescue loan to bail the consumer out of financial difficulties or impending foreclosure, the operators of this scam convince the homeowner to “temporarily” transfer the deed of the property to them while waiting for the loan to be approved. These predators, once they take legal possession of the home, rarely produce the promised loan. Generally, they will record the homeowner’s payments as loan payment while they work to obtain loans against the property to steal the homeowner’s equity, or sell the property and evict the homeowner.
GREAT NEWS FOR MEMBERS OF EDEN BARN ON THE CONFERENCE CALL TONIGHT. One of the finest law firms in the country has taken on Eden Barns suit against libel, slander and defamation.
Scam site subpeonas....here they come!
Who Scammed You Commenter
THE EDEN BARN FOUNDATION IS NOT A NON-PROFIT, TAX EXEMPT FOUNDATION. This according to the State of Nevada and the IRS. THE EDEN BARN FOUNDATION is neither a 501 C3 nor a 501 C6 Non Profit Corporation.
The Eden Barn Foundation has not applied for Tax Exempt Status with the Nevada Department of Taxation.
The Eden Barn Foundation is a SCAM. Any contributions made to the EDEN BARN FOUNDATION would not be tax deductable
EDEN BARN INDUSTRIES (CANADA) is a shell corporation and not involved in anything. EDEN BARN INDUSTRIES (CANADA) is simply a corporate book on a shelf in a Canadian Law firms office.
My Jim or Anita, you are up late. Worried?
ZAQ...

I am in the Mortgage Industry...this in NOT a mortgage! It is a business partnership!!!! All of the SCAMS you list out apply to a Mortgage Lender and Banks, not a Partnership.

You are comparing apples to oranges. You cannot apply the test you are using to EB, it is not the same as Lending.

If you have been following the news lately...look at what Wall Street and our lovely Lenders did to consumers. Not so pretty is it? Lending today is equally as bad as it was back in 2005. You might be seeing great rates of interest, but when you factor in all the new overlays and the increased fees, you have a loan worse than the one your in. Not to mention, due to the loss of equity in our properties, you now owe Mortgage Insurance.

In a business partnership, you do not owe Mortgage Insurance to the promissary note you carrier against the Partnership. Mortgage Insurance is only owed on a Mortgage. Now, do you see why there is no mortgage insurance?
Here let me give you a lesson in Nevada Jim Grace. You should know this since you live in Nevada, I am surprised since you claimed to be an astute business man in the email Sandy showed us:

In Nevada, there is not a statutory requirement to seek tax exempt status for non-profits. And, since Eden Barn Foundation not selling anything, they do not have to apply for Sales Tax Exemptions either.

As you can see from what is available on the Nevada Sec of State site, it clearly states NON-PROFIT Corporation.


Business Entity Information
Status: Active File Date: 6/16/1999
Type: Domestic Non-Profit Corporation Entity Number:
C14814-1999
Qualifying State: NV
List of Officers Due: 6/30/2010
Managed By: Expiration Date:
NV Business ID: NV19991289142
Business License Exp:

Jim, you are a sick puppy.
Who Scammed You Commenter

Here is the status of the EDEN BARN CORPORATIONS

THE EDEN BARN FOUNDATION
Has no non-profit status whatsoever. It is not a non-profit according to the IRS and is not tax exempt according to the Nevada Dept of Taxation. DONATIONS TO THE EDEN BARN FOUNDATION ARE NOT TAX DEDUCTABLE because of the EDEN BARN FOUNDATION’s failure to qualify with the IRS. Nevada is one of the few states that allows corporations to claim to be non-profit without qualifying with the IRS.
Also the EDEN BARN FOUNDATION is not treated with tax exempt status by the Nevada Department of Taxation and they are not registered with the Nevada Dept of Taxation as a Non Profit Foundation..

EDEN BARN INDUSTRIES (CANADA)
Is a shell corporation and a book on a shelf in a law firm office acting as resident agent.

EDEN BARN ASSOCIATION
They are able to claim 501 status as an association although not registered with the IRS. What this means is when they file their tax return there is criteria that must be met to qualify, such as the association members being members for the common good, etc… However they can not raise money and any monies raised would not be tax exempt for the contributor. Also the EDEN BARN ASSOCIATION is not treated with tax exempt status by the Nevada Department of Taxation and they are not registered with the Nevada Dept of Taxation as a non profit association.
Hey Jim pssst Jim

I don't see any Scam in there! Enlighten us, please!
  • ZAQ!
  • Submitted: 04/29/2010
This one could be a particularly nasty mortgage lending scam is aimed specifically at the financially distressed homeowner. Sold as a rescue loan to bail the consumer out of financial difficulties or impending foreclosure, the operators of this scam convince the homeowner to “temporarily” transfer the deed of the property to them while waiting for the loan to be approved. These predators, once they take legal possession of the home, rarely produce the promised loan. Generally, they will record the homeowner’s payments as loan payment while they work to obtain loans against the property to steal the homeowner’s equity, or sell the property and evict the homeowner.
The Scam Checklist
http://themortgageinsider.net/mortgage/mortgage-scam-checklist.html
Well, here we go: The Scam Checklist
Scam 1. It’s a bank….you know Countrywide, Wells Fargo, Washington Mutual etc, Banks are not the low cost providers …big surprise, right! And they don’t have to disclose their overage (ie. YSP or SRP).
Scam 2. They don’t have you sign anything…no application, good faith estimate etc. (self-explanatory)
Scam 3. They have you sign blank documents. Signing blank documents is worse than no documents.
Scam 4. They are a friend or family member…once you learn the truth, so long friend.
Scam 5. They verbally lock loans…no lender lock confirmation. Failure to send lock confirmation is prima facia evidence of hiding the YSP.
Scam 6. They play stupid or get irritated when you mention YSP (yield spread premium).
Scam 7. They promote loans with a prepayment penalty. Prepayment penalties make more YSP per loan.
Scam 8. They are uncomfortable or irritated discussing their compensation. Scammers can’t discuss and explain their total compensation without equivocation, run!
Scam 9. They push ARMs (adjustable rate mortgages) when your hold period is 5 plus years or when the market has obviously changed to an increasing rate market.
Scam 10. They push an interest only loan
Scam 12. They push a sub-prime or bruised credit loan without attempting an “A” credit loan first.
Scam 15. They promote a “fixed fee” or “No-Cost” loan
Scam 16. They won’t disclose their exact total compensation. This includes all revenue generated by origination fees, broker fees, processing fees, and all “back-end” compensation also known as yield spread premiums (for brokers) or service release premiums (for banks).
Scam 17. They push an interest only loan and tell you to pay extra principal payments.
Scam 18. They promote ARMs in an increasing interest market.
Scam 19. They can’t explain how the index and margin come together to make a rate.
Scam 20. They can’t explain what the initial, periodic, and lifetime caps are on an ARM.
Scam 21. They don’t know the difference between a convertible and a non-convertible ARM.
Scam 23. They don’t know the difference between payment caps and rate caps on ARMs.
Scam 24. They work part-time.
Scam 25. They are new to the business and therefore lacking in experience.
Scam 31. They claim or allow you to assume, you can get the lowest rate simultaneously with a No-Cost or Flat Fee loan.
Scam 33. They collect a huge deposit. Like $1750. .
Scam 34. They quote you a rate without first gathering important, rate-changing information like, type of loan, credit score, loan-to-value, and income qualifying vs. stated income, etc.
Scam 35. They don’t mention mortgage insurance when the loan to value is over 80%.
Scam 36. They can’t get a loan done in less than 30 days.

The Federal Bureau of Investigation (FBI) has a new telephone hotline:
FBI Mortgage Fraud Hotline
(210-650-6777)
to receive complaints from the public regarding mortgage fraud matters. The FBI considers mortgage fraud to be a significant and growing crime problem which often affects unknowing consumers, and which has a direct impact upon the overall economic health of the United States. The collapse of the subprime mortgage market, as well as the recent economic downturn, has been met with a corresponding increase in fraud and schemes connected to mortgages and related transactions. The establishment of this hotline will aid the FBI and the community by providing a direct line of alert should mortgage fraud be suspected.
Who Scammed You Commenter
Here is the status of the EDEN BARN CORPORATIONS

THE EDEN BARN FOUNDATION
Has no non-profit status whatsoever. It is not a non-profit according to the IRS and is not tax exempt according to the Nevada Dept of Taxation. DONATIONS TO THE EDEN BARN FOUNDATION ARE NOT TAX DEDUCTABLE because of the EDEN BARN FOUNDATION’s failure to qualify with the IRS. Nevada is one of the few states that allows corporations to claim to be non-profit without qualifying with the IRS.
Also the EDEN BARN FOUNDATION is not treated with tax exempt status by the Nevada Department of Taxation and they are not registered with the Nevada Dept of Taxation as a Non Profit Foundation..

EDEN BARN INDUSTRIES (CANADA)
Is a shell corporation and a book on a shelf in a law firm office acting as resident agent.

EDEN BARN ASSOCIATION
They are able to claim 501 status as an association although not registered with the IRS. What this means is when they file their tax return there is criteria that must be met to qualify, such as the association members being members for the common good, etc… However they can not raise money and any monies raised would not be tax exempt for the contributor. Also the EDEN BARN ASSOCIATION is not treated with tax exempt status by the Nevada Department of Taxation and they are not registered with the Nevada Dept of Taxation as a non profit association.
Take it from a guy who obviously went to law school to schlep advertising specialty items. If you want to get it from someone who actually knows what they are talking about, go straight to source who set EB up. What a schmuck.
  • JOY
  • Submitted: 05/03/2010
I did my DUE DILIGENCE and am going from the top:
This FRANK STEMPFER doesn’t even exist today. The only thing I could find about Mr. Frank is that he died at the age of 99 in Pennsylvania in 2005. Mr. Frank’s family all lives in Pennsylvania. There is no record IN THE WORLD of a Frank N. Stempfer. This name is uncommon and all the Stempfer’s live in Pennsylvania. If anyone has any further information, please post. I have checked birth records and death records. This whole scam stinks. I was told to “calm down” but I refuse to listen to BULLSHIT anymore!
  • JOY
  • Submitted: 05/25/2010
Eden-Barn STILL hasn't closed on a house to date... another month passes by:(

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