[AsburyPark] Re: Full story on REI's alleged Ponzi scheme

2006-04-20 Thread oakdorf
Thanks for the invite. Flip,run and never look back. Like a stock. Like I said some time ago, it is the reverse house of cards. Lots of guys are caught up in the interest only loans, and are now getting or are about to get burned. Te last person you want to be is the one at the bottom of the

[AsburyPark] Re: Full story on REI's alleged Ponzi scheme

2006-04-20 Thread dfsavgny
--- In AsburyPark@yahoogroups.com, bluebishop82 [EMAIL PROTECTED] wrote: I wonder if the State will eventually auction off their properties. Maybe we should form the APYahooGroup Realty Company. Dan can value the properties before we bid and I'll handle the closings. JJ can be the

[AsburyPark] Re: Full story on REI's alleged Ponzi scheme

2006-04-20 Thread bluebishop82
--- In AsburyPark@yahoogroups.com, dfsavgny [EMAIL PROTECTED] wrote: What interest in title would the state have to auction? None. There are debt and equity investors. The state has no interests. It is up to the debt and equity investors. After freezing the assets, the state is likely to

[AsburyPark] Re: Full story on REI's alleged Ponzi scheme

2006-04-20 Thread oakdorf
ou have to find him guilty first. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to:

[AsburyPark] Re: Full story on REI's alleged Ponzi scheme

2006-04-20 Thread dfsavgny
--- In AsburyPark@yahoogroups.com, bluebishop82 [EMAIL PROTECTED] wrote: After freezing the assets, the state is likely to appoint a receiver who will hold and maintain the properties in trust for the defrauded. His powers will likely include the power to sell. From reading the press

[AsburyPark] Re: Full story on REI's alleged Ponzi scheme

2006-04-20 Thread bluebishop82
Panepinto has been doing REI's work since they started here in AP. --- In AsburyPark@yahoogroups.com, dfsavgny [EMAIL PROTECTED] wrote: --- In AsburyPark@yahoogroups.com, bluebishop82 bluebishop82@ wrote: I see Dan - we are on 2 different subjects. You are talking about priority of

Re: [AsburyPark] Re: Full story on REI's alleged Ponzi scheme

2006-04-20 Thread gtscarano212
I believe the sheriff dept will be handling the liquidation on the individual properties( holdings). For further information regarding Sheriff's Sales, call (732) 431-7141 or 7142 (Monday thru Friday from 8:30 am to 4:30 pm) http://www.visitmonmouth.com/sheriff/sale/index.aspor

[AsburyPark] Re: Full story on REI's alleged Ponzi scheme

2006-04-20 Thread jerseyjohn99
--- In AsburyPark@yahoogroups.com, bluebishop82 [EMAIL PROTECTED] wrote: You can but a lot of AP property with $8 million. You sure can. The Right to redevelop 56 Acres of Oceanfront property, a world renowned music club, and still have $65,000 left over to shove into a suit pocket in an