The Truth Angela Carter does not want you to know...

In response to Millions at Risk article

I am sorry you feel this way but you should first consider the source of this story. This story only gave Carter's side of the story and failed to mention that half the things she said in this article were contradicted in court 2 weeks ago. Let me give you the real facts and then you decide if I am wrong

1) The legal assistance foundation who is suing me on this case ironically were the ones representing Mrs. Carter before I came on the scene in 2004 and they never called her back to help her. I helped her, saved her from foreclosure, she did not live up to her obligations and I am now the bad guy.

2) Carter had her OWN ATTORNEY at the closing who explained her the entire transaction. She knew all along what she was doing. In court Carter's attorney testified that he told Angela Carter what she was getting into and that he explained it to her in detail.

3) Carter admitted in court that she knew before the closing ended that this was going to be a lease option not a mortgage.

4) If Mrs. Carter thought she was getting a mortgage at the closing why did she write 10 checks with the word RENT on it?

5) A loan was never taken to take $100,000 in equity. A loan was taken out to finance the purchase price of 140K. We bought it for 140,000, got a loan 112,000 and her repurchase price was 180,000 or 190,000.

6) Carter was qualified to buy her house back 2 years ago and we were ready to give her the house back but her attorney told her not to do it and sue me instead.

7) We tried everything to help Carter; she was 11 months behind in rent before we filed the eviction. Most landlords would have waited 30 days. What else could we have done? She had every excuse in the book why she could not pay rent. In fact when we bought Carter's house we gave her 3 months of Rent included so she could get a head start.

8) To this date Carter has not paid rent in almost 3 years, she has gotten free legal services, and it has cost me over 50K. The house has gone down in value by 40K. I am going to lose over 80K in this transaction.

You are a hero when save someone from foreclosure, and then a bad guy when they fail to meet obligations (like pay the rent). I have had many people buy their houses back and move on with their lives but in Ms Carter case SHE failed to meet her promised obligations. The alternative for her is free rent, free legal fees and nothing to lose. I wonder she why sued...

It is ironic that the media only reports the bad stories and never the stories of the people who buy their houses back. That is because it's not sexy to report good stories. I know I have a radio show. Drama and scamming stories sell.
Here are facts that were not reported

1) My parents lost their house to foreclosure, so I know what it feels like to lose my childhood home

2) I testified on behalf of foreclosure survivors and legitimate real estate investors in the Senate and House of Representative in Springfield

3) My first radio show was called Foreclosure Talk Radio was to educate people in foreclosure and interview many people whom I have helped from their problems. I authored a report called "Foreclosure Survivors Speak Up and a DVD Foreclosure Survivors, their Untold Stories"

4) I have hired to work for me people that I saved from foreclosure; in fact one of them still works for me to this day.

5) Over the last 3 years I am one of the only ones who video tapes the closing when I deal with distressed homeowners because many will lie and do whatever it takes to stay in their homes when they fail to meet their obligations. When you have them on video, there is no going back.

As you can see once you have all the facts this become a different story. I have and will continue to fight for distressed homeowners because there are a lot of good people out there and real estate investors who can help. In life when you are pointing the finger at someone and blaming them there is usually 3 fingers pointing right back at you.

I don't blame Mrs. Carter for not taking responsibility; she has free Press, Free Legal Services and Free Rent. Where do I sign up for that program? That is not a Second Chance but an outright fraud and injustice against legitimate real estate investors, the system and me.

J.T.