Seebach Exhibit 7: Predatory lending: if you thought your life was bad...

edit, 3/4/05: I am updating this piece to make sure everything is correct. more information once I'm done.

edit, 3/8/05: The situation is that, predictably enough, I've received some cartooney threats using the word "defamation". Thus far, I have not been informed of any specific factual errors in the piece.

edit, 3/30/05: We have a list of factual errors.

Amount of sale is $317,500, not $319,000.

Alpine Realty had a "listing agreement" offering them a 5.5% commission if anyone they knew bought the house.

The rest of the material is apparently accurate.

Around this time of year, a lot of people feel their lives are a little empty, a little dreary. But let me tell you, buddy, your problems ain't nothing. It's Christmas season, so a lot of you are maybe thinking of George Bailey, the small-time banker who makes the world better just by being in it, whose bank nearly goes bust, who is saved by an angel. He's not the only Bailey who has a Christmas-time story for you, involving finances, and people going bust.

This is a story of "predatory lending". You may not know what predatory lending is; that's okay, I'll explain. Our story begins with a man who bought a house, and had a $150,000 mortgage on it. Some time later, he refinanced to $180,000. Payments were $1,700 a month; remember that figure, it'll come up later. A while back, he was in a car accident, and spent a few weeks in a coma; somewhere in this, he suffered brain damage, and he is now dependent on Social Security disability money to feed and shelter him. Unfortunately, six-digit medical bills and a long period of inactivity put his house payments solidly past-due. That puts the mortgage into foreclosure; it would cost $192,000 to pay that off. He called the realtor through whom he got the house, James Krystosek. Mr. Krystosek said the house could be saved. Let's see how he went about this. You can read along at home; this case was in Wright County, Minnesota, file number C8-04-2705. (There are a couple of typos, and one factual error, in some of the pleadings. Some of the pleadings, by contrast, contain outright lies.)

First, he set up a meeting with another man, Paul Reese. At this meeting, the victim was induced to sign some "paperwork". One of the pieces of paperwork was an entirely fictitious mortgage for $73,500. No money was disbursed, but now there's a paper trail claiming he owes $73,500. Fictitious loans are a particularly great example of predatory lending.

Next, they do the actual transaction. The structure of the transaction is that they buy his house from him, for $317,500, and pay off his existing mortgage, and give him the money that's left. Then, he buys it back from them for some price. Only, they've got a fake mortgage to pay off; also, they some how end up with $28,000 of closing costs, even though Alpine Realty (the original broker) didn't put up a for-sale sign to publicize the availability of the house. But they still took $17,000 in commissions. All of this is done by Paul Reese, acting with Power of Attorney for a man called Charles D. Bailey. Want to know more about him? You can search the Wright County records for him.

So, to make a long story short, a man with $125,000 of equity in his house ended up with $13,000 of equity in his house, and, and this is important, his house payments went up to $2,500 a month. If there is such a thing as predatory lending, this is it.

That's right. They stole over $100,000 of his money, and increased his payments about 50%.

You can guess what happens next; he can't make the inflated payments any more than he could have made the original ones, Social Security is slow to start paying, and pretty soon, they're trying to have him evicted, using the law firm of Gries and Lenhardt.

edit: it was mortgage satisfaction papers, not loan origination, that were sent. G&L represented, not just defended.

Luckily, for him, they made one mistake: They followed the law (I'm sure it was an accident) closely enough to send him the loan origination papers for the $73,500 fictitious mortgage, which was enough to get him started defending himself. He ends up in court, where they are defended (you guessed it) by the firm of Gries & Lenhardt. When the case is finally settled, the name on all the new paperwork is still Charles D. Bailey. Who's he? We don't know for sure, but he seems to be the one with the authority to issue a new contract for deed for the house.

The story ends sort of happily. The details of the settlement are confidential, but the victim of the story isn't moving anywhere right away. The bad guys, well, they probably have some profit left, but the margin just got a lot narrower, and I'm sure they'll be having some interesting conversations with various regulatory bodies, and possibly the Attorney General's office.

But let's stop for a bit. Just imagine, for a moment, what it must be like to have a life so fucking empty that stealing $100,000 from a guy with brain damage seems like a good idea. Imagine what it must be like to be so desperate for money that you'd take those risks. Try to wrap your head around this for a bit. Try to imagine what it must be like to kick a man when he's down. Wonder, for a moment, what makes it all worth it. A larger house? A second car? A boat? A lakeshore cabin? Are any of these worth taking a man's house from him, taking tens of thousands of dollars of his equity as a cash profit, and laughing as the brain-damaged guy gets put out on the street? This is the essence of predatory lending; find people who are desperate enough to make mistakes, and take advantage of 'em. You end up with a bit of their money. The people running this scam paid about $192,000 to another bank, and ended up, at least briefly, owning a house which someone would have to pay them three hundred thousand dollars to pay off... And of course, if he falls short, they get any money he did pay, and they also get to keep the house!

Note that six other people in the same county got "deals" through these people. It's hard to be sure, but it looks as though the other deals may have been good examples of predatory lending.

All they hear is some indistinct buzzing noises. Whatever has happened to these poor fucks, there is not much in the way of soul left in them. They are empty shells, running from one con to the next. For all we know, the real delay in settling the case was the need to close another similar deal to get the cash to pay off this one. There is very, very, little left in these people that you could recognize as human. How could there be? What person could possibly do such a thing?

As Christmas rolls around, and we sit around talking about those in need, I urge you to remember that there are needs no charity can fill. Whatever these people want, no amount of money will buy it for them. The horror is that they don't know that yet, and they may never learn it. They may just flit around from one con to another, trying to stay ahead of the law, dreading the day when it all comes crashing down. There are people out there going hungry, but we know what to do to help them. At least we can help them.

So... Give some food to charity. Fund a local foodshelf. But give some thought to the question of what can be done for these poor benighted people, whose injuries are deeper than our doctors can heal, whose need for money cannot be met by all the money in the world. If all else fails, pray for them. What else can we do? Perhaps Clarence can come back and save another Bailey's soul from despair.

(Permission is granted to reproduce this article in whole, or to reproduce excerpts if they are accompanied by a URL for the original article.)

CARRIE | March 17, 2005 10:00 PM

I JUST WANTED TO SAY THAT I USED TO BE MARRIED TO PAUL REESE AND I AM SO ASHAMED! I SHOULDN'T EVEN ADMIT THAT BUT UNFORTUNATELY I WAS. FOR ALL THAT HE DID TO ME I HOPE THAT SOMEONE WILL PUT HIM AWAY FOR A LONG TIME! HE IS A SCAM ARTIST WITH A WAY OF ALWAYS GETTING AWAY WITH THINGS AND MY ONE WISH IN LIFE IS THAT HE GETS WHAT HE DESERVES! I AM DOING SEARCHES ON HIM BECAUSE THRU THIS I HAVE DISCOVERED THAT HE MAY HAVE FORGED MY NAME ON DOCUMENTS. THERE IS A HISTORY WITH HIM AND FRAUD WITH OTHER BANKS AND I WILL DO WHAT I CAN TO SEE JUSTICE SERVED ONCE AND FOR ALL!!! I AM SO SORRY FOR WHAT HAS HAPPENED!!
SINCERELY,
CARRIE ENGLE

Some Person | August 5, 2005 08:13 AM

The story above sounds like our story. Paul and his buddies ripped us out of over $30,000. After many months of work my story has a happy ending. I will be more than happy to share our story and help put an end to Pauls's slick dealings.

john a. | September 15, 2005 04:48 PM

I would love to read your story so I can compare it with mine.

PAP | September 20, 2005 05:24 PM

The best weapon we all have is our mouth, to spread the word about Paul Reese. His slick dealings will eventually catch up with him. He certainly isn't fooling anyone around the Albertville- St. Michael area where the majority of us know what he is all about and what life he leads, a shallow, broke, self centered, lonely CON -MAN. He is the captain piloting a sinking ship and we can only hope he goes down with it.

People Against Paul

Anonymous | October 31, 2005 12:52 PM

How come I haven't heard of any of this news beyond this website?

seebs | October 31, 2005 03:35 PM

Why would you expect to hear any of it beyond here? This is one guy's story, and he has no blog, and predatory lending is not very big news. It happens too much.

PAP | November 14, 2005 08:33 AM

Please contact me about Paul if the above has happened to you

Matt Long | April 24, 2006 03:05 PM

Please conatct me if you have any information about Paul Reese. I will be filing a lawsuit against him and Alpine Realty in the very near future. I need all the help I can get to bring Paul and Alpine to justice.

johnson | December 9, 2006 05:02 PM

My son is the one in the "story/report". Have you had any luck; hear Paul Reese "escaped" to Wisconsin and Charles Bailey to Brazil

Anonymous | January 26, 2007 02:32 PM

We used Paul Reese & Alpine Realty when we purchased our home. He lied about what our payment would be and about the interest rate of our loan. He also told us one thing when we had the good faith estimate and when we came to closing or loan everything was different. He is disorganized and does not know what is going on most of the time. Paul is a con artist like listed above! He tells you what you want to hear and lies about things he does not know. Please tell everyone that you know not to use Paul for any type of home sale, mortgage, or lot purchase. His dishonest past will catch up with him and he will get what he deserves in the future.

annonymous | March 15, 2007 04:04 PM

We also used Paul Reese and Alpine Realty. Paul also lied, stole, and cheated us out of money, security, and pride. He told us what we wanted to hear even though he knew he was lying through his teeth. Whenever we caught him on something and confronted the office, AMAZINGLY, he was never around to talk to us. He was too busy ripping off other people as they were being lied to or playing gulf with money he stole from clients--he frequently visits Riverwood National and Vintage Gulf Courses. This guy is a crimminal and needs to go to jail. Any company that keeps him around after KNOWING what he has done, is just as evil and dishonest. I have told many people to stay away from this man and Alpine Homes. We had many stressful, sleepless nights wondering what we were going to do in our situation. I am happy we broke-free of this crimminal and never have to deal with Paul or Alpine Homes again!

Mrs Olson | June 17, 2007 12:59 PM

File a complaint with the Attorney Generals office, Minnesotal Board of Realators and the Minnesota Commerence Department, if enough
people do that Paul can be stopped and put in jail where he belongs.

be careful of Paul | July 2, 2007 06:58 PM

he now works at Minnesota real estate specialist inc. in Blaine,MN

be careful of Paul | July 2, 2007 06:59 PM

temple,v.h. | September 15, 2007 01:08 PM

Are dealing w/AttyGen and Commerce Dept since last May, nothing has happened there and son keeps checking w/them. How can these guys keep getting realtor licenses with the claims against them and the cheating, etc.

C Emery | September 20, 2007 03:06 AM

This expose is important.

jon colvin | October 11, 2007 05:46 PM

I need to talk with all the people that have delt with Paul Reese and Jim K.- First Pryority Mortgage-- Alpine Homes. I am in the start with an attorney and we need all of the victims we can get to file and do a class or just get him put away and I also want Alpine Homes. My story is too long to explain, but if you email me we all can get started. I have 6 Children (1 that is sick with a rare disease) and a wife that is depending on me to fix or house situation.Please contact me and help us all get this monster off the streets . He promissed me a 3 step deal to have a house that I can afford. Instead I can't make my payments soon and the money that was put down is not in the picture.I figure over $30,000. is gone. Why when I bought the house for 284,000. do I now owe 332,000. And there was 26,000 that was put down...please contact me asap and we can work together on this.I HAVE AN ATTORNEY WANTING TO HELP IF WE CAN PUT OUR STORIES TOGETHER AND MAKE A BIG CASE , WE CAN GET PAUL AND OTHERS ALL PUT AWAY.....

Crystal | October 12, 2007 08:57 AM

Reading this makes me sick to my stomach, I thought my husband and I were all alone in this. We are in the same situation as all of you and don't know what to do. My husband and I have 6 kids together, he works two full-time jobs. I have a Home Daycare business and we still can't afford our house. And we were told by Paul Reese "that we can afford this house" and we have to trust him it's a "two-step process" and the payments will be where we need them to be. We were told 6 months and and we can refi. to make it affordable. Well 28 months later and here we are with an over-priced home and no where to turn! We also have a 3yr. old boy that has Shwachman Diamond Syndrome and we need to be there for him. And have the flexibility to miss work when he is in the hospital and not be affraid that we may lose our house. We shouldn't have to work 130hrs. (between the two of us weekly) just to make it! We also are taking legal action and want to just make this right. After reading all of this I know we can pull together and get what we deserve...Justice! I would like for anyone who wants to make this right to contact me.

Crystal | October 12, 2007 09:01 AM

Reading this makes me sick to my stomach, I thought my husband and I were all alone in this. We are in the same situation as all of you and don't know what to do. My husband and I have 6 kids together, he works two full-time jobs. I have a Home Daycare business and we still can't afford our house. And we were told by Paul Reese "that we can afford this house" and we have to trust him it's a "two-step process" and the payments will be where we need them to be. We were told 6 months and and we can refi. to make it affordable. Well 28 months later and here we are with an over-priced home and no where to turn! We also have a 3yr. old boy that has Shwachman Diamond Syndrome and we need to be there for him. And have the flexibility to miss work when he is in the hospital and not be affraid that we may loose our house. We shouldn't have to work 130hrs. (between the two of us weekly) just to make it! We also are taking legal action and want to just make this right. After reading all of this I know we can pull together and get what we deserve...Justice! I would like for anyone who wants to make this right to contact me.

annonymous | October 14, 2007 09:41 AM

I know the Star Tribune has been informed about this. I think it's a good idea if everyone posts there e-mail address so you can be contacted.

jon colvin | October 17, 2007 07:17 PM

I talked to someone last sunday and I have misplaced her number. Please call me back cause I need to see if you could talk to the tribune and the ACORN who is running with alot on criminal part and an attorney. Please call me back, it is important that you also talk to star tribune. It will help out alot. I have put my email on here but they will not post it. but here it is again. joncolvin@embarqmail.com I hope they post it this time since it is for a good reason. If it is posted , please email me back. all of you that have had problems with Paul Reese -First Priority Mortgage-Alpine Homes-Quality Title-ect.

annonymous | October 19, 2007 04:55 PM

The Jim and Paul show continues.....I heard they now own Stallion Development together. You can see their old building on Main Street in Saint Michael with a big FOR RENT sign on the window. They are probably working out of Alpine Homes or First Priority currently. How come no one has contacted Crow River News?

annonymous | October 23, 2007 10:00 AM

WOW!! I find it so interesting how people seem to come out of the woodwork. I have worked with Paul and Jim several times on multiple houses and have had no bad experiences as well as a multitude of others! I also know some of the people who have tried to slam Paul and Jim over the years on this site, no offence, but because you over spend living in a property that is well affordable, doesn't make anyone you are speaking of a "monster". I would also like to know why I have heard of several people with positive experiences that have posted to this site and their posts mysteriously aren't here??

seebs | October 23, 2007 05:38 PM

"I would also like to know why I have heard of several people with positive experiences that have posted to this site and their posts mysteriously aren't here??"

Two possible reasons come to mind:

1. They posted comments with URLs, and as the comment approval message states, if you do that, the message is deleted unread.
2. You're a liar, just like the people you're defending.

I'm going with #2.

The claim that there may exist people they haven't ripped off is hardly persuasive; I can just see you now, providing a list of at least a dozen people your client didn't murder as proof that he didn't kill the guy that thirty witnesses saw him shoot repeatedly in the head.

Hope you're enjoying the Department of Commerce subpoenas. Needless to say, I'll happily provide them with any information they need to investigate this further, such as contact information for the people who have contacted me.

You need better cartooneys.

lon razor | November 5, 2007 06:01 PM

I have known PAUL for years....

You know HE is up to no good...

THIS is nothing new...

I would encourge all of you to band together, with legal representation and utilize all possible publicity to help...

He is not that smart.... STAY persistant...

lon razor | November 5, 2007 06:03 PM

Paul is a liar!!!!!

pissed off | November 6, 2007 06:41 PM

Just for the person who thinks Paul and Jim are nice guys. You'll find out in the long bad run and the hard way that they are criminals. and If it is someone who is telling them about this info......Tell them that I am on their backs and will not let go till they and their lawyers tap out. and then I will still kick them when their down. They messed with the wrong family with all the lie's and fraud's. I will personally watch Paul cry and beg for forgiveness.Jim next- their mutt John- Wayne- Charles. The whole group. By the way you ass.. If you think all the people that are upset now have done this to themselves and put themselves into mortgages they can't afford, your more of an IDIOT then your comments sound. Shark lenders(predatory lenders)feed off their prey just like a shark.Hit you from behind when you least expect it.Have you trust them at first, take a bite where you don't feel it,then hit you again from behind and drag you down deeper where there is nothing to grab onto anymore, makeing you feel that this is it and it was your fault for being in the big sea. Well, the big sea is life and if someone thinks they can take that away from good people, they need to be dealt with. So now I am going to swim back up from the depth of the big sea , lick my wounds, and start hunting for all the sharks in the sea for makeing my life complicated.Starting with dragging the first one out of the water and watch him gasp for air. So, If you are Paul or one of his peeps. I KNOW "ALL" ABOUT YOUR LITTLE GROUP. NOW MYSELF AND ALL MY HUNTERS ARE WATCHING YOUR EVERYMOVE ,EVERYDAY,AND WAITING FOR THE GO AHEAD...TABLES ARE TURNING!!!BY THE WAY...THAT PAIN YOU'LL BE FEELLING WHILE ALL YOUR HOMES AND NICE THINGS YOU HAVE START SLIPPING AWAY. THAT IS CALLED.. PAY-BACK! SLEEP WELL!! WHILE YOU CAN..

anonymus | November 9, 2007 09:23 PM

As I watch all these forclosures on T.V, I cant help but think about Paul and Alpine realty and everything that has happened to all good people involved in their web of deception. I wish I had the nerve to come forward and reveal myself, but I am afraid of a slander suit. (remember,these guys will do anything for a buck) I hope everyone will band together and make sure these guys get what they deserve!

jon | November 13, 2007 12:50 PM

please contact me.JON COLVIN. I am not afraid of those jerk off's. I've put my name out there and they know it. They are also planning on running to Arizona or Florida now to start there bull shit all over again.So we all need to stick together and not worry about what they will do ,because it will not amount to anything cause of the investigations already on them. I am asking everyone who reads this to contact me. People who they have messed over and the people who paul and comp. have convinced they have done nothing wrong. WE CAN TALK TOO! THIS CRAP NEEDS TO STOP ALL OVER THE U.S., AND WHAT A BETTER PLACE TO START THEN WITH THEM.

Chrissi | November 20, 2007 08:05 PM

Please contact me with any information around Paul Reese. ACORN, a non-profit community organization, is a leading advocate of anti-predatory lending nationally. Borrowers should be able to trust that brokers and lending companies will not ruin their lives. We would like to take action now! Please Contact me at my email.

anonymus | November 22, 2007 11:11 PM

unfortunately,email addresses aren't always showing up on this web site and I don;t feel comfortable devulging all the info to a web site. If someone were inclined to send an anonymus letter to someone, I wonder where someone would send that letter?

lon razor | November 26, 2007 02:23 PM

If you want to find Paul,

I bet his brother will know where,

Randy Reese 8200 virginia circle, St Louis Park

952.544.2355

He in the same game, he learned from his brother...

Tanya | November 26, 2007 08:04 PM

you all should be careful, Paul Reese could be doing the loans under his wifes name now Angela Mcnamara

unknown | December 8, 2007 08:34 AM

Randy Reese may be the stupidest person I've ever met. Unfortunately I was stupid to get involved with him and his stoner of a brother. They all are greedy, shallow, pitiful people that have flaunted there overnight wealth and ruined many peoples lives in the process. It is no wonder that Carol spends all her time in church praying for their souls. Too late Carol, your all going to hell, but it will be hell on earth. I can't wait for the day that I see all of you homeless or in jail.

anonymous | December 11, 2007 12:39 PM

You are all forgetting the involvment of Wayne Berthiaume of First Priority Mortgage of Minnesota. Paul Reese needed Wayne's help to pull off the robberies of innocent people.

anonymous | December 19, 2007 10:58 AM

Please remove the posting for December 11, 2007; 12:39 PM. The information is inaccurate. Thank you.

Innocent Until Proven Guilty | December 27, 2007 07:35 PM

you can't believe everything you read/hear!

Chris Serres | December 31, 2007 03:47 PM

I am writing an article about mortgage fraud in the Albertville area and would be interested in speaking to anyone with firsthand experience.

Feel free to contact me at the following phone number: 612-673-4308.

Thank you,

Chris Serres
Reporter
Minneapolis Star Tribune
Ph: 612-673-4308

anonymous | January 2, 2008 06:22 PM

I sure don't know why anyone would want to take Wayne off the crook list, I heard he is related to Paul, I think it runs in the family.
Paul's address is:
8899 Kahl Way NE
Otsego, MN
Riverwood International Golf Course
Wright County records show that it is Angela's house, no wonder Paul can get away with living in a Million dollar house. You can run but you can't hide.

anonymous | January 3, 2008 03:02 PM

No, it is not inaccurate Shelly. You know yourself that everyone that Paul deals with or office he sits in, its all crooked.

anonymous | January 7, 2008 05:18 PM

Paul's address is 8899KahlWay Ne Otsego, top of the hill at the new Riverwood International Golf Course. Looks like from the wright county records that the house is in his wife's name, no wonder he can get away with living in a home that is over $1million. I am sure she is in on all of the scams too. I sure those that should be behind bars will be soon. You run but you can't hide.

anonymous | January 16, 2008 10:31 PM

what the hell is going on

sarah | January 21, 2008 09:03 AM

Yes, Wayne B. works at First Priority Mortgage, but he is not a relative of Paul Reese. Wayne is not crooked, but unfortunately in order to keep his job he must do as his boss requests.... his boss being Paul.
Of course everything Paul owns is in his wifes name-vehicles, home, everything. Wouldn't you if you were wanted by the IRS and risked losing everything? Take him down!

anonymous | January 30, 2008 11:12 AM

Paul has a house on Cedar Creek Golf course that is also in his wifes name (maiden name). He could not sell the house, so I believe they rented it out so they could move into the house on Kahl Way. This home is now in the midst of foreclosure. Way to go Paul you idiot.

anonymous | February 10, 2008 08:56 AM

Paul also owns a house in Forst Hills

anonymous | February 14, 2008 10:49 PM

I herd that Alpine Homes just layed all there employes off.And Alpine Homes is closeing there doors.

you know who?? | February 19, 2008 06:05 PM

MY GOD... I was looking up Randy Reese...

He REALLY IS the the most STUPID PERSON in the world.... He is sitting in his unpaid living room somewhere... Saying... Duh.. DO you have a lighter??? Hey Randy, what happened with that place on Cedar Creek, I know YOU paid your RENT..

anonymous | March 8, 2008 03:42 PM

It seems that all the players are starting to get what they deserve. YEAH!
Quality Title, Paul Reese, Alpine Homes & First Priority Mortgage, how does it feel to be in a financial pinch? Thanks to all who have come forward to help put these criminals away.

curious | March 13, 2008 11:34 AM

I see Paul's house is on the market now and appears to be a foreclosure property.

Marty | March 25, 2008 11:16 AM

FYI...First Priority Mortgage has been dissolved.

In The Know | March 25, 2008 01:59 PM

I understand First Priority Mortgage is no longer in business.

jared reese | March 28, 2008 09:53 PM

everyone should get a fucken life. Especially Carrie Engel who abused me while I was growing up. NOt only did she physically assult me more than once, she demeaned me constantly and always took her frustrations out on me. Mental abuse was the norm and having no friends and a life was also quickly accepted. This bitch is fucken scandelous and deserves nothing. Yeah, fuck you Carrie trying to portrait my dad as some monster. Why don't you look in the mirror and realize what you did to us kids. Fuck You

not so sure | March 30, 2008 10:30 AM

Why don't you guys take some responsibility upon yourselves? You are grown adults or at least you think you are. The number one and two things you are resposible for when purchasing a home/property is to do research (my guess is there is more than that one particular financial establishment/real estate company in that area or for that matter in the state) and make sure YOU have YOUR financial priorities and budget in tact before digging YOURSELF into a bigger hole. YOU are responsible for the situations that you got yourselves into. GET your SH-T together before making major purchases. It is the responsible thing to do. STOP trying to keep up with the Jones.

lon razor | March 31, 2008 10:24 AM

Jared, how many excuses can you come up with??? You are a bottom feeder, just like your uncles... You would sell your soul and your words for 50 bucks... Go back to jail, and shut up!!

you know who | March 31, 2008 05:21 PM

Not so sure- sounds like a member of the Reese family... Maybe Randy or Paul himself..The height of hypocracy.. Listen, you don't have websites devoted to bring you to justice if you do things the right way, and HOW responsible are you when you lie,cheat,steal, and put all your assets in the name of your wife, that you married out of convience and ability to manipulate.. And, if anybody WAS compelled out of there insecurity to "keep up the Jones" it would be the idiot Reese brothers....

happy camper | April 3, 2008 08:02 PM

Check out Mn Criminals.com, type in Jared Reese, looks like he has a criminal record, so sad you can't make an honest living. I guess you learned how to rip folks off from your dad, way to go Paul. You can't even raise a kid, you have so much to be proud of you idiot. I hope you spend the rest of your life in prision for what you have done to the good people of Albertville and Saint Michael. No wonder when you see someone that you ripped off in public you take off like a bat out of hell. If you didn't do any thing wrong why do you run and hide? I bet your wife is so happy she married you, her life must be so special.

not so sure | April 7, 2008 01:01 PM

NO... I am not a member of the family. I will also say that maybe partly the lenders fault but most of all it is the persons who don't do their research. The government allowed this to happen by not regulating the industry. So, I believe, there is plenty of blame to go around. Next time you make a major purchase including your automobile take great caution because they will get you too. That is why so many people are "upside down" in their vehicles. Although, if you let that happen maybe you can try to send them to prison also. More advice... don't critize or make assumptions about other people's wives if you don't personally know them.

If you don't like the way the person does business it does not neccessarily mean the spouse or other family members are the same.

Disappointed | April 8, 2008 08:07 AM

This site should just get shut down. It's gotten way off track. It's to the point where the only thing coming across is the bad-mouthing of family members and the assumptions of feelings of spouses, etc. If your goal is to personally attack other family members, (some of which may or may not have any knowledge of the wrong doings of their relatives) then pick up the phone and call them rather than humiliate yourself and them through this site. This is a predatory lender site, NOT for the Jerry Springer wanna-be's.

Get back to the point and quit the harassment of innocent people.

lon razor | April 11, 2008 01:08 PM

Come on people,

Does anyone believe that Paul, his brother,his wife did not know what he was doing??? NORMAL PEOPLE, when they SEE wrong doing, stand up and prevent it.. His friends, family, friends and wife mostly knew what was going on, some if not all were in on the TAKE, none of you people will say WHO you are... Stop crying and reveal who you are, which will say something about your position...

not so sure | April 13, 2008 06:36 PM

"Which will say something about your position...." Why is it that Lon Razor is not listed in any white pages in the entire state of Minnesota????

LON RAZOR | April 16, 2008 10:13 AM

NOT SO SURE, is obviously NOT TOO BRIGHT... It's called non-published....

Yet, no response to WHO you are!

still waiting | April 25, 2008 11:57 AM

I haven't read this section for awhile cause I'm too angry about my situation that I got into by trusting someone. I don't give 2 shits about Paul Reeses kids or family,and I will not talk or argue with them.But I will say that if I see Paul,He will get a peice of my mind.If my situation is not fixed by then, God help him.He was told not to screw me over.So I guess he was worned. Sorry kid, but your dad has screwed too many people over.I guess when you live your life a lie, know one really knows who you are.Not even your own family.Its not your fault. Just hope you don't end up like him.Yes brokers that scam honest people out of there homes and money have caused alot of damage to the houseing market. If you don't beleive that comment then we all know what kind of person you already are. I learned how it works now,But after I was taken for.There are good honest Mortgage Agents out there. They will not lie to you about your mortgage,and try to figure out away to make extra money off of you. They will tell you the truth about your mortgage and weather they feel you can afford it or not.Its too bad that some people hate themselves so much that they just can't help it but to try and take away from good people just to make themselves feel beter.Good luck Paul, on trying to straighten your life around.

Sincere | April 30, 2008 02:56 PM

This web site is to let the public know the awful things that Paul Reese has done. He is a smooth operator and will be your best friend and then screw you in the end just to make his life easier and richer. I was good friends with him when he was married to Carrie Engle and if there was any abuse it was from the kids. They were all in trouble and Paul just let them walf all over her. Funny how the kids never graduated after she left and the things that happened. Please everyone be very careful. God bless you Jared and I hope that your life becomes less angry. Now everyone please put useful stuff on here!

Gina Olson | May 7, 2008 12:43 PM

I was the first two "not so sure". I do not know who the third one is. For those of you who are curious as to who I am ... my name is Gina Olson and I live in North Dakota where things are looking GREAT!! Only problems we have is not enough housing for the employees needed here in the oil field business.

P.S. I am still not related to the Reeses.

LON | May 11, 2008 08:32 AM

Mr. Sincere or should I call you Dan?

choker/sodomizer at virgina circle | May 13, 2008 10:16 AM

I can SMELL SOMETHING!!!!

COULD IT BR RANDY!!!!

Ray Shelton | May 14, 2008 04:39 AM

WARNING WARNING WARNING
Has any one heard of a company called American Mortgage Brokers LLC in Tampa Florida run by Jim Marks? Or have you had any dealings with him or his relatives including Barry or David Silber who are in the business of lending hard money and they run Linear Capital LLC and other Real Estate ventures out of Tampa Florida? We beleave that we have been had from day one by a family of predatory lenders who's only intent was to strip all our equity and take control of all our families assets. We are asking for anyone with info on these guys or their companies to join us, We are meeting with several gov agencies that investigates cases like ours. They want to see if any federal or state laws have been broken. We also want to see if there is any fraud going on with other borrowers and this group or is there a pattern of abuse, predatory lending or TILA and HOPEA etc violations. Rec for Mike at 352-274-8467 or e-mail shel3r@aol.com

Ray Shelton | May 14, 2008 04:41 AM

jason | June 28, 2008 02:45 PM

Angela mcnamara oh angie lol I met angie at a mutual place of employment several years ago, she always seemed nice, but hardly the personality or intelligence to make millions (legitimately) I hope she wasnt part of this scam, and just an innocent victim of paul reese, time will tell. paul should spend many years in federal prison for his actions against the great people of minnesota.

hoping in albertville | June 30, 2008 06:36 PM

I see from the Wright county tax records that Angie and Pual have several fed tax liens, how nice is that, maybe you should have paid your taxes with all of that money you ripped off from us hard working honest people. You are the skum of the earth. I hope you spend the rest of your lives in prision where you belong.

ready to end this | July 1, 2008 02:55 PM

Another con artist you will need to look out for and has made many bad business deals in the Albertville, Wright county area is Tony Hill. Watch out he will be going to jail very shortly. If you know anything about him or his wrong doings please post them so we can start building a case about him and his fraud deals too. So many people have suffered emotionally and financially by this man and his schemes that it needs to end, so no one else is caused the stress that we have had to endure.

unknown | July 1, 2008 02:57 PM

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