Damn You June Reyno. Let Your Home Go And Move On.
 | By Steve Rhode Ask me your question. |
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Not that long ago I wrote about a woman that chained herself to her front porch to prevent her home from being foreclosed on. I’m afraid the story has turned into the pleading mother begging for the return of her child, only to have murdered it herself.
June isn’t an innocent victim here of banks gone wild, although I would pay good money to see that video. She is a serial defaulter. Court documents show that she has purchased and lost seven homes in California for non-payment.
Joe Stemmer sold two Palm Springs properties to Reyno in 2006. The original note on the homes was for $44,000 each.
Stemmer says she made two payments at the agreed note amount of $256 a month. But then he claims the payments stopped and the excuses started.
Apparently Reyno borrowed and borrowed against her primary home to consolidate credit card debts and buy properties or try to make payments on other properties. Silly.
A real estate investor once told me that if you are going to play with the big boys you better not cry when you get bit. June, you got bit. You tried to create a real estate empire on the foundation of shifting sand and it is now crumbling around you. Yours is not a case of an innocent family being booted out of the only shelter they have. Unfortunately yours is a case of someone who highly leverged their shelter to dig a deeper hole and obligate themselves to things they could not really afford.
June, please, for the sake of all of the people that I fight and care for our here that are in terrible situations, please let your house go and move on so we can get real help for innocent homeowners in trouble. You’re not innocent.
Source: Damn You June Reyno. Let Your Home Go And Move On.
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Comments
Comment by Mr. Angry American This woman is a total scam artist and makes me sick. She says she is a victim of predatory lending? Oh my god, I found a post she did on Zillow back in February 2008 giving someone advice to do a no momey down 100% financing loan! She is a realtor so PLEASE give me a break if she does not know the diffeernce and risks associated with any type of ARM versus fixed. She also bought said home for $198K with a fixed low rate loan. Hmmm, had she not been greedy she would be sitting pretty in her home at about a 4.25% rate and heck she could even have it paid off by now!! Here is the link to the Zillow post (search for June)
Comment by Leave Her Alone It’s so easy to judge someone else, isn’t it? Yes, June did make mistakes like millons of other people. The fact remains that she filed for bk protection of her primary residence. What happened to that? Why didn’t the laws protect her? And why did the entire community of San Diego not support her? Don’t these people realize they could be next?
The fraud in the mortgage business is running wild! So many people don’t even realize they a victim to this abuse until they have already lost their home and are looking at a judgement for amounts they really don’t owe.
Comment by Fed up with scammers like June June, Please for the sake of all mortgage diligent paying homeowners GO AWAY !! You tried to build a mini Trump empire and failed, admit your mistake and go on with life. Rent somewhere and try and build up a down payment on a small place. You defaulted on your payments plain and simple. The legalese you spew is simply to cover up your serial mortgage defaulting.
FACT : If you had paid your mortgage you would not be here today in this predicament.
FACT : You did not pay your mortgage for several months.
The bottom line, you did not pay now GO AWAY !!
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Reporters should do some research before jumping on the bandwagon. This woman bought her home at an affordable rate, then refinanced several times, pulling more and more cash out of her home loans each time (essentially, behaving as though her home was her own personal ATM). She even admits that she took that money and put it into her business, which then failed. How does she have any right to be angry? She made a really stupid financial decision, took advantage of the system, got wads of cash in her bank account and lost it all. She’s been greedy and stupid, and now she wants the taxpayers to bail her out. Well, I think before we bail her out she should be forced to give the government the several hundred thousand dollars that she pulled out the house. Until that happens, I’ll be there cheering as the sheriff cuts the chains and pulls her away from that cracker-box house.
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