Covering the business of education and training

how come to was not reported that reality fincial partners have been found guilty of usuary and denied an a appeal. Also how come no one reported on the negiative effect this has had on the people that live at meadow creek

Loan Shark U - that is hilarious! But unfortunately it seems to be true. I have read the complaint filed at the Sufflok Superior Court in Boston. It is astounding that Massachusetts Law allows unregulated lenders to crush borrowers with astronmical interest rates. Where is the accountability? It seems, from the court documents in a recent Summary Judgement, that RFP, was found to be guilty of usurious lending. I have not seen any press about that. RFP has also been denied an appeal of that judgment.

I would like to know more about the ramifications to the Massachusetts Taxpayer and how these transactions can be discouraged and regulated. Also,from what the press reports, it appears that RFP still owns this project under another name. How has this affected the homeowners who bought homes in this project? Are they completing the project? Have the home values diminished?

This has absolutly distroyed the value of the homes in the development. Who wants to buy in a area that has no stability. RFP stated their loyality is to the investers and the proof is evident in the matiance of the course and the common area. I has progresivly deterated since
RFP has taken control.

How much has the property values diminished?

How much is due to the sluggish housing market and how much is due to the foreclosure of the property?

Is RFP managing the property and if so, how has this changed since their ownership? You mention common areas. What is included in the common areas and does RFP contribute to the associated costs?

Are the golf course, clubhouse and common areas in disrepair? Has the town offered or taxpayers requested property tax abatements because of the conditions.

You state that RFP is loyal to their investors. Are the universities aware that RFP is not maintaining their investment? Have the homeowners contacted RFP/the universities about the lack of maintenance? Can the universites be influenced to help the homeowners?

It is astonishing that the money managers for the universitie's endowments continue to invest in Realty Financial Partners given their well publicized cloudy background.

The New Haven Business News reported on 02/07/2000 that Realty Financial Partners had purchased an ownership interest in Plainridge Racetrack that was at the center of a criminal probe.

Are you aware on 12/18/2002 the Harvard Crimson reported that Realty Finacial Partners sent representatives posing as federal agents to tenants of an apartment complex. In affidavits the tenants charged that three men carrying walkie-talkie banged on the doors and told the occupants to send rent payments to Reatly Financial Partners rather that someone else.

In all published reports the universities were contacted for comment so I assume that the universities have been aware of Realty Financials actions for nearly a decade and still shamelessly invest their endowments in a company whose track record is suspect.

I wonder if the universities who benefit from their investment in Realty Financial Partners filed notice with the Attorney General before the borrower received the disbursement. I understand that anyone who directly or indirectly makes or receives monies from a usurious loan cannot escape liablilty (subsection (d)of the Criminal Usury Statute)unless they have given notice.

Have you read the compalint and counter complaint SUCV2006-05266? It can be reviewed at the Suffolk Superior Court in Boston MA. The alleged interest rates in combination with excessive "kicker fees" are astounding. It is clear that there was NO WAY for a borrower to get out from underneath the outrageous demands of the lender.

That being said, it is high time for these reputable intitutions of higher learning to apply the ethics that they edify in their own ivory towers and not conduct business as if they are graduates from Loan Shark U.

How much has the property values diminished?

How much is due to the sluggish housing market and how much is due to the foreclosure of the property?

Is RFP managing the property and if so, how has this changed since their ownership? You mention common areas. What is included in the common areas and does RFP contribute to the associated costs?

Are the golf course, clubhouse and common areas in disrepair? Has the town offered or taxpayers requested property tax abatements because of the conditions.

You state that RFP is loyal to their investors. Are the universities aware that RFP is not maintaining their investment? Have the homeowners contacted RFP/the universities about the lack of maintenance? Can the universites be influenced to help the homeowners?

It is astonishing that the money managers for the universitie's endowments continue to invest in Realty Financial Partners given their well publicized cloudy background.

The New Haven Business News reported on 02/07/2000 that Realty Financial Partners had purchased an ownership interest in Plainridge Racetrack that was at the center of a criminal probe.

Are you aware on 12/18/2002 the Harvard Crimson reported that Realty Finacial Partners sent representatives posing as federal agents to tenants of an apartment complex. In affidavits the tenants charged that three men carrying walkie-talkie banged on the doors and told the occupants to send rent payments to Reatly Financial Partners rather that someone else.

In all published reports the universities were contacted for comment so I assume that the universities have been aware of Realty Financials actions for nearly a decade and still shamelessly invest their endowments in a company whose track record is suspect.

I wonder if the universities who benefit from their investment in Realty Financial Partners filed notice with the Attorney General before the borrower received the disbursement. I understand that anyone who directly or indirectly makes or receives monies from a usurious loan cannot escape liablilty (subsection (d)of the Criminal Usury Statute)unless they have given notice.

Have you read the compalint and counter complaint SUCV2006-05266? It can be reviewed at the Suffolk Superior Court in Boston MA. The alleged interest rates in combination with excessive "kicker fees" are astounding. It is clear that there was NO WAY for a borrower to get out from underneath the outrageous demands of the lender.

That being said, it is high time for these reputable intitutions of higher learning to apply the ethics that they edify in their own ivory towers and not conduct business as if they are graduates from Loan Shark U.

Reality Fimancial Partners & David Allen care about only one thing " MONEY" and they don't care who they step on or ruin. They want to take but not pay their share they have contributited absolutly nothing to the association and went as far as to ask the home owners to pay for the plowing of streets they own that the association should have nothing to do with.
It is a shame this was allowed to happen as for the values of th homes. Some of it has to do with the market but just look and see what the development has become. A poorly maintained course and a protective covinance that went down the tubes once RFP took over.

My question is who is RFP making money when they forclose on a property in the highest market devalue that property and then try to sell it in a market that hasn't been this bad since the great depression.

RFP can I invest with you "NOT"

its amazing that such prestigious universities would do buisness with these crooks "RFP"

I would like to see the loan sharks get punished to the fullest extent of the law. And others learn not to do buisness with Reality Financial Partners

you are right its amazing that this is allowed to go on. And harvard along with others would be willing to be involved in criminal activity to make a buck. Their return's are outragious what other criminal acts are happening to make their money. Would like to see that story.

you are right its amazing that this is allowed to go on. And harvard along with others would be willing to be involved in criminal activity to make a buck. Their return's are outragious what other criminal acts are happening to make their money. Would like to see that story.

RFP. Refuses to spend any money at meadow creek to the point that they allowed the golf course to tie into the residential sewer system saving RFP 750,000 from having to build their own sewer station. Leaving the burden on the residents of meadow creek and any one interested in buying the golf course. And it seems the only way that will get settled is a mother court case " the meadow Creek homeowner's Vs. Meadow Creek golf course".
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