I am often asked about investing in
properties that were purchased at a trustee's
sale (foreclosure). I warn any purchaser to be careful. Investing in this type of property is truly
"caveat emptor" (buyer beware). In my
opinion, there
is far too much to lose and too many situations that could
lead to financial disaster for anyone, except the most
sophisticated investor who has a very deep pocket (lots of
money). Even the sophisticated investor ends up
spending a
good portion of their "return" on attorney fees and
upkeep of bad
properties. Good for attorneys - bad for investors.
In advising the potential investor/purchaser
I ask them to
analyze their situation using good business principles.
What are their skills, knowledge and financial
stability? Then I ask them to critically analyze
why any
investor (person who purchased property at the trustee's sale)
would sell
the real estate for less than what it is worth?
After all, a good business person is always looking to maximize their profit and
dump their problems. Any new investor, not familiar
with the process and the games, needs to have enough capital to be
able to lose the majority of their initial investment
without financial harm. Purchasing
property in foreclosure, trustee sales, tax foreclosure or
agreement for sale forfeiture is gambling "Las Vegas"
style. The only thing missing is all the glitz and
noise of the whirring slot machines.
I also warn the potential investor/purchaser that
selling properties in this "post-trustee sale" process has
become a fad. Fads equate to big dollars for those
first to learn the system, but very little return for those who
arrive later. In this situation the fad is selling
properties after a trustee's sale. I have yet to
hear from any newcomer investing in these post-trustee
sale properties that they made as much money as they were promised.
I welcome you to contact me if you know of such a
person.
So you still want to "give it a try".
Then make sure you know the rules and who you are dealing with. I
suggest that the potential purchaser check out the person
or entity offering the properties. Are they licensed?
Are
they filing the appropriate Deeds conveying the property?
What is their reputation? Do they have complaints filed
with their licensing agencies? What does the Better
Business Bureau report? Do they have several references
from others who have purchased properties in the past few
months? Make certain these references are not from
those related to the sellers. Question whether or
not the laws governing the sale of real property are
always complied with. Make sure that the
seller of the property is deeding directly to you, not the
trustee who sold the property to the bidder at the sale.
Make sure that you file all the necessary tax forms with the
IRS so that your purchase price is not later challenged by
the IRS.
Make sure that the proper taxes (income and real estate)
are being paid by the seller when they transfer the
property to you. Is the seller making all the required disclosures - condition, title,
environmental, possession, etc? These disclosures must be in writing and
signed by the proper party. Many people try to avoid
personal liability through the use of entities. Make
sure that you get written, personal guarantees from both
the entity and the person you are dealing with.
After all, you are relying on the word of person making the assurances,
not their corporation. If the seller refuses to
honor the law governing the sale of real property or will
not offer some type of written guarantee then look for
someone who will.
Other warnings from Terry Miller (an
experienced real estate investor) are:
(1)
Terry states that he is told by his tax guy that if
an "assignee" (purchaser of the property) fails to file a
1099 with the IRS listing the "wholesaler" (seller of the
property) as receiving monies, that the IRS may disallow
that expense. It is his understanding that some of these
"wholesalers" try to avoid receiving 1099's and ask to be
paid in cash rather than by check. ("Not that they would
consider avoiding taxes on such untraceable income or
anything.(smirk)"
(2) One investor "assigns" his high bidder's position to
another investor after the trustee's sale is concluded,
but before the purchase price is paid. The first
investor must pay taxes on the assignment (See "Assignment
of Bidder's Rights. Should Trustees Allow It?" by Terry
Miller in the ATA's Trustee Times, Summer, 2000)
Sometimes it is very difficult to find out
who is related to whom and how people or entities are
licensed. Check the
Arizona Corporation Commission,
Arizona State Banking Department,
Secretary of State, and the
Arizona Department of Real Estate and
their
web site
registration.
The following are just a few entities or
companies that, as of 2002/2003, were actively involved in the sale of
post-trustee sale properties. If you know of more
please let me know. The information was found at the sources listed above
-- I do not warrant the accuracy. Nor, am I
asserting any personal knowledge as to the integrity, or
lack thereof, of any person or company identified
herein. You must make that determination through
your own investigation.
From the listed
resources I was not able to ascertain whether
or not there have been formal complaints filed with the
licensing agencies, but I did find several lawsuits (see
list at the bottom). I would recommend that you personally
contact any entity or individual's licensing agencies to
determine the status of complaints and the accuracy of the
licensing information.
The following entities/persons appear to
be interrelated or involved in the sale or purchase of
distressed properties: (research done 2002/2003). If you
find any inaccuracies I invite you to forward the
correct information. I will be more than happy to
update information.
ww.valleywideforeclosures.com
Foreclosures-4-investors.com
Freg.net
NBI, LLC
Joe Cook, IFMC Mortgage and Focus Real Estate
402 Property Wholesalers
FRE Focus Redevelopment
Sweetheart Properties
Clifton L. Burgener
B. Frank Berry
James Scott Bond
Clifton
L. Burgener
First Name: CLIFTON
Middle Name: L
Last Name: BURGENER
Status: Active
License Type: Real Estate Broker
License Number: BR026449000
Original Date: 8/16/1985
Expiration Date: 3/31/2005
Legal Name: CLIFTON L BURGENER
Business Name: BONANZA REALTY
Status: Active
License Type: Real Estate Self Employed Broker
License Number: SE026449001
Expiration Date: 3/31/2005
Business Address: 132 S. CENTRAL AVENUE
PHOENIX, AZ 85004
Mailing Address: 132 S. CENTRAL AVENUE
PHOENIX, AZ 85004
Phone: (602) 307-9699
Responsible Broker: BURGENER, CLIFTON
Entities:
402 Property Wholesales, L.L.C. (incorporated 8/25/98)
Statutory agent: Clifton L. Burgener, 402 W. Roosevelt,
Ste C., Phoenix, AZ 85003
Member: NGIRI, L.C. – member – same address (incorporated
5/6/94)
Statutory agent: Clifton L. Burgener, 402 W. Roosevelt,
Ste C., Phoenix, AZ 85003
Member: Clifton L. Burgener, 219 West Denton Lane,
Phoenix, AZ 85013
Bonanza Realty Management, LLC (5/3/00)
Statutory Agent: Clifton L. Burgener, 402 West Roosevelt,
#E, Phoenix, AZ 85003
Member: Clifton L. Burgener, 402 West Roosevelt, #E,
Phoenix, AZ 85003
Trade Name:
Bonanza Realty, (12/24/90), 1480 E. Bethany Home Rd, #220,
Phoenix, AZ 85014
Tigerlilly, LLC, (incorporated 1/14/2000)
Statutory agent: Clifton L. Burgener, 402 W. Roosevelt,
Ste C., Phoenix, AZ 85003
Wasabi, LLC, (incorporated 9/07/2001)
Statutory agent: Tigerlilly (see above), 402 W. Roosevelt,
Ste C., Phoenix, AZ 85003
Officer/Director: AUSBO Holding, LLC and Tigerlilly, LLC
Goldfinger Investments, LLC (incorporated 11/25/1996)
Statutory agent and member: Clifton L. Burgener, 402 W. Roosevelt,
Ste E., Phoenix, AZ 85003
The Arizona Corporation
Commission records show the following:
The Syndicate, LLC
402 Now, LLC.
Ososumi, Inc.
Casa Valia Apts. LLC
Rainbow Village Investors, LLC
Terry Sol 133, LLC
Gooderville, LLC
Mentor Investments, LLC
Tigerlilly, LLC
Missplace, L.C.
88 Lynwood, LLC
Plaza Nautica III, LLC
Plaza Nautica G-4, LLC
Plaza Nautica 101, LLC
Plaza Nautica 102, LLC
Plaza Nautica 103, LLC
Plaza Nautica 106, LLC
Plaza Nautica 109, LLC
Plaza Nautica 112, LLC
Plaza Nautica 113, LLC
Plaza Nautica 114, LLC
Plaza Nautica 115, LLC
Plaza Nautica 116, LLC
Plaza Nautica 201, LLC
Plaza Nautica 202, LLC
Plaza Nautica 203, LLC
Plaza Nautica 209, LLC
Plaza Nautica 210, LLC
Plaza Nautica 211, LLC
Plaza Nautica 213, LLC.
Plaza Nautica 212, LLC
Plaza Nautica 117, LLC
Plaza Nautica 302, LLC
Plaza Nautica 307, LLC
Plaza Nautica 308, LLC
Plaza Nautica 309, LLC
Plaza Nautica 505, LLC
Plaza Bonita 201, LLC
Plaza Bonita 206, LLC
Dagburg, LLC
Goldfinger Investments, LLC
NGIRI, L.C. (member of Yummy Tummy, LLC)
Real Estate Wholesalers, LLC
1926 Grovers, LLC
C. Manny, LLC
Costa Real Del Cabo #18, LLC
1803-31st, PL, LLC
Nick's 17th Street Investment Co., LLC
Bioya, LLC
207 West Alice, LLC
MBUNI, L.C.
Jethro Peabody Investments, LLC
Kidole, LLC.
James Scott Bond:
AUSBO Holdings, LLC (incorporated 9/6/01)
Statutory Agent and Member: James Scott Bond, 402 West Roosevelt, #A, Phoenix, AZ 85003
Goldfinger Investments, LLC (incorporated
11/25/1996)
Statutory agent and member: Clifton L. Burgener, 402 W. Roosevelt,
Ste E., Phoenix, AZ 85003
Member: James Scott Bond, 402 W. Roosevelt, Ste E., Phoenix, AZ 85003
Joe
L. Cook, Clifton L. Burgener and B. Frank Berry:
NBI, LLC (10/9/02) - appears
to buy hundreds of foreclosures monthly.
Statutory Agent: JLC Consulting, Inc., 2520 E University
Dr, #105, Tempe, AZ 85281
Members:
1) Coyote Run, Inc. (12/12/00)
a. c/o Joe L. Cook, 2737 W. Southern Ave #8, Tempe, AZ
85283-4243
i. Statutory Agent: JLC Consulting, Inc., 2737 W. Southern
Ave #8, Tempe, AZ 85283-4243
ii. President/CEO/Secretary: Joe L. Cook, 2737 W. Southern
Ave #8, Tempe, AZ 85283-4243
2) Jethro Peabody Investments, LLC. (1/14/00)
a. c/o Clifton L. Burgener, 402 West Roosevelt Ave., Ste
E, Phoenix, AZ 85003
i. Statutory Agent: Clifton L. Burgener, 402 West
Roosevelt Ave., Ste E, Phoenix, AZ 85003
ii. Member: Clifton L. Burgener, 402 West Roosevelt Ave.,
Ste E, Phoenix, AZ 85003
3) Malamute, Inc. (10/9/02)
a. c/o B. Frank Berry, 132 S. Central Ave., Ste B,
Phoenix, AZ 85004
i. Statutory Agent: David Knapper
ii. B. Frank Berry, 132 S. Central Ave., Ste B, Phoenix,
AZ 85004
4) 132 Property Investors, L.L.C (4/5/01)
a. c/o Raymon O. Wisely, 2025 N. 3rd Street, #160,
Phoenix, AZ 85004
i. Statutory Agent: David Knapper
ii. Member: Karay, L.L.C. (7/22/99)
1. Statutory Agent: Ray Wisely, 110 S. Central, Phx, AZ
85004
2. Member: Raymon Wisely, 110 S. Central, Phx, AZ 85004
3. Member: Karen Wisely, 110 S. Central, Phx, AZ 85004.
5) Kodrantes Capital, Ltd.
a. c/o Joe L. Cook, 2737 W. Southern Ave #8, Tempe, AZ
85283-4243
6) Flynn Powers Investments, Inc. (( AKA Flynn Powers
Investments, LLC)
a. c/o Flynn Powers, 402 W. Roosevelt Ave., Ste E,
Phoenix, AZ 85003
7) 402 Property Wholesalers, LLC
a. c/o NGIRI, LC, 402 West Roosevelt Avenue, Ste E,
Phoenix, AZ 85003
8) Renee Walton, 132 S. Central Ave, Ste B, Phoenix, AZ
85004
a. c/o Renee Walton
i. Renee Walton, P.C. (5/10/1994) 14419 N. 29th Street,
Phoenix, AZ 85032
1. Statutory Agent: Renee Walton, 14419 N. 29th Street,
Phoenix, AZ 85032
2. President/CEO/Secretary: Renee Walton, 14419 N. 29th
Street, Phoenix, AZ 85032
GOHSAG, L.L.C. (11/13/02)
1) Statutory Agent: Lawrence K. Lynde, 10240 N. 31st Ave,
#105, Phoenix, AZ 85051
2) Member: 132 Property Investors, L.LC., 132 S. Central
Ave, Suite B, Phoenix, AZ 85004
3) Member: NGIRI, LC., 132 S. Central Ave, Suite B,
Phoenix, AZ 85004
4) Member: Sweetheart Properties LTD, 132 S. Central Ave,
Suite B, Phoenix, AZ 85004
Joe
L. Cook:
First Name: JOSEPH
Middle Name: LOUIS
Last Name: COOK
Status: Active
License Type: Real Estate Sales
License Number: SA500441000
Original Date: 1/24/1997
Expiration Date: 1/31/2005
Responsible Entity:
Legal Name: FOCUS REAL ESTATE & INVESTMENTS, INC.
Business Name: FOCUS REAL ESTATE GROUP kna 4 Investors
Network
Status: Active
License Type: Real Estate Corporation
License Number: CO521210000
Expiration Date: 3/31/2004
Business Address: 2737 W. SOUTHERN # 8, TEMPE, AZ 85202
Mailing Address: 2737 W. SOUTHERN # 8, TEMPE, AZ 85202
Phone: (602) 748-7355
Responsible Broker: BRYAN, GREGORY
First Name: GREGORY
Middle Name: S
Last Name: BRYAN
Status: Active
License Type: Real Estate Broker
License Number: BR107027000
Original Date: 3/1/2000
Expiration Date: 3/31/2004
JLC Consulting, Inc. (incorporated 8/12/1991)
Statutory agent: Joe L. Cook, 741 W. San Marcos Drive,
Chandler, AZ 85224
President/CEO: Joe L. Cook, 741 W. San Marcos Drive,
Chandler, AZ 85224
Secretary: Debbie J. Cook, 741 W. San Marcos Drive,
Chandler, AZ 85224
Entities:
4 Investors Network, LLC 9/22/05
a. Manager/Member: Joe L. Cook, 2520 E.
University Drive, 105, Tempe, Az 85281
b. Manager/Member: Dennis Brookshire, 2520 E.
University Drive, 105, Tempe, Az 85281
c. Manager/Member: Shane Cook, 2520 E. University
Drive, 105, Tempe, Az 85281
d. Manager/Member: Andy Werner, 2520 E. University
Drive, 105, Tempe, Az 85281
1) Focus Redevelopment, Inc. (7/01/00)
a. Statutory Agent: JLC Consulting, Inc., 2737 W. Southern
Ave #8, Tempe, AZ 85283-4243
b. President/CEO: Joe L. Cook, 2737 W. Southern Ave #8,
Tempe, AZ 85283-4243
c. Secretary: Shane M. Cook: 2737 W. Southern Ave #8,
Tempe, AZ 85283-4243
2) Focus Real Estate & Investments, Inc. (12/27/99)
a. Statutory Agent: JLC Consulting, Inc., 2737 W. Southern
Ave #8, Tempe, AZ 85283-4243
b. President/CEO/Secretary: Joe L. Cook, 2737 W. Southern
Ave #8, Tempe, AZ 85283-4243
3) Focus Realty, Inc. (1/9/97)
a. Statutory Agent: JLC Consulting, Inc., 2737 W. Southern
Ave #8, Tempe, AZ 85283-4243
b. President/CEO/Secretary: Joe L. Cook, 2737 W. Southern
Ave #8, Tempe, AZ 85283-4243
4) Buckles Management, LLC (10/28/02)
a. Members:
i. JLC Consulting, Inc., 741 W. San Marcos Drive Chandler,
Az 85224
ii. Joe L. Cook, 2737 W. Southern Ave #8, Tempe, AZ
85283-4243
5) Equity II, Inc. (4/19/99)
a. Statutory Agent:
b. President/CEO: Joe L. Cook, 1255 W. Baseline Rd, #292,
Mesa, AZ 85202
6) Equity Capital Funding Group, LLC (9/23/02)
a. Manager: Joe L. Cook, 2727 W. Southern Ave, #8, Tempe,
AZ 85282
b. Member: Joe L. Cook, 2727 W. Southern Ave, #8, Tempe,
AZ 85282
c. Member: JLC Consulting, Inc., 2727 W. Southern Ave, #8,
Tempe, AZ 85282
7) Fox Den Land Holdings I, L.L.C. (5/26/00) (see also:
Kempton Land Holdings and Suntree Partners I & II, LLC )
a. Statutory Agent: Alfred J. Olsen, P.C., 301 E. Virginia
Ave, Phoenix, AZ 85004
b. Manager: Joe L. Cook, 2727 W. Southern Ave, #8, Tempe,
AZ 85282
c. Manager: Martin D. Kempton, 2727 W. Southern Ave, #8,
Tempe, AZ 85282
d. Member: Kempton Living Trust, Martin Kempton and
Suzanne Kempton (Trustees), 2727 W. Southern Ave, #8,
Tempe, AZ 85282
e. Member: Cook Family Trust, Joseph L. Cook and Debra
Jean Cook (Trustees) 2727 W. Southern Ave, #8, Tempe, AZ
85282
8) Inhouse Asset Management, Ltd. (4/19/99)
a. Joe L. Cook, 1255 W. Baseline Rd, #292, Mesa, AZ 85202
9) Kronco, Inc. (4/19/99)
a. Statutory Agent:
b. President/CEO/Secretary: Joe L. Cook, 1255 W. Baseline
Rd, #292, Mesa, AZ 85202
10) Morgan Capital of Arizona, Inc. (FN) (01/12/01)
a. Statutory Agent: Morgan W. Smith, 102 S. Honeysuckle Ln,
Gilbert, AZ 85296
b. President/CEO/: Morgan W. Smith, 2727 W. Southern Ave,
#8, Tempe, AZ 85282
c. Secretary: Joe L. Cook, 2727 W. Southern Ave, #8,
Tempe, AZ 85282
11) Morgan Equity Group, LLC (2/11/98)
a. Statutory Agent: JLC Consulting, Inc., 2737 W. Southern
Ave #8, Tempe, AZ 85283-4243
b. Manager: Focus Realty Inc, 1255 W. Baseline Rd, #292,
Mesa, AZ 85202
c. Manager: Focus Realty In, 1255 W. Baseline Rd, #292,
Mesa, AZ 85202
d. Member: Manager: Focus Realty Inc, 1255 W. Baseline Rd,
#292, Mesa, AZ 85202
e. Member: Manager: Focus Realty In, 1255 W. Baseline Rd,
#292, Mesa, AZ 85202
f. Member: Morgan Capital of Arizona, Inc. 1255 W.
Baseline Rd, #292, Mesa, AZ 85202
12) Blazer Properties, Inc. (12/01/00)
a. Statutory Agent: JLC Consulting, Inc., 2737 W. Southern
Ave #8, Tempe, AZ 85283-4243
b. President/CEO: Morgan W. Smith. 2737 W. Southern Ave
#8, Tempe, AZ 85283-4243
c. Secretary: Joe L. Cook, 2737 W. Southern Ave #8, Tempe,
AZ 85283-4243
13) Investors First Mortgage Corporation (2/1/98)
a. Statutory Agent: JLC Consulting, Inc., 2737 W. Southern
Ave #8, Tempe, AZ 85283-4243
b. President/CEO/Secretary: Joe L. Cook, 2737 W. Southern
Ave #8, Tempe, AZ 85283-4243
14) JJ's I-17 Opportunities, Inc. (2/4/02)
a. Statutory Agent: David Kozak, 22047 N. Black Canyon
Hwy, Ste A, Tempe, AZ 85027-1969
b. President/CEO: Joe L. Cook, 2737 W. Southern Ave #8,
Tempe, AZ 85283-4243
c. Secretary: James P. Moos, 2737 W. Southern Ave #8,
Tempe, AZ 85283-4243
15) Woodglen Opportunities, Inc. (7/31/01)
a. Statutory Agent: JLC Consulting, Inc., 2737 W. Southern
Ave #8, Tempe, AZ 85283-4243
b. President/CEO: Joe L. Cook, 2737 W. Southern Ave #8,
Tempe, AZ 85283-4243
16) Talon Holdings, LLC (6/26/02)
a. Manager: Focus Realty, Inc., 2737 W. Southern Ave #8,
Tempe, AZ 85283-4243
b. Member: Devin C. Warren, 2737 W. Southern Ave #8,
Tempe, AZ 85283-4243
c. Member: Joe L. Cook, 2737 W. Southern Ave #8, Tempe, AZ
85283-4243
17) Amberwood (Horne/McKellips) Partners, LLC (6/26/02)
a. Manager: Focus Realty, Inc., 2737 W. Southern Ave #8,
Tempe, AZ 85283-4243
b. Member: Focus Realty, Inc., 2737 W. Southern Ave #8,
Tempe, AZ 85283-4243
c. Member: Joe L. Cook, 2737 W. Southern Ave #8, Tempe, AZ
85283-4243
18) Eagle Nest, LTD.
a. President/CEO: Joe L. Cook, 2737 W. Southern Ave #8,
Tempe, AZ 85283-4243
b. Secretary: Shane M. Cook, 2737 W. Southern Ave #8,
Tempe, AZ 85283-4243
19) Fairways Sub-Partners II, LLC (4/23/02)
a. Statutory Agent: JLC Consulting, Inc., 2737 W. Southern
Ave #8, Tempe, AZ 85283-4243
b. Manager: Joe L. Cook, 2737 W. Southern Ave #8, Tempe,
AZ 85283-4243
c. Member: DL Management, LLC, (10/01/98) 2737 W. Southern
Ave #8, Tempe, AZ 85283-4243
i. Statutory Agent: Devin C. Warren, 722 West Gary Ave,
Gilbert, AZ 85233
ii. Manager: Leilani A. Warren, 722 West Gary Ave,
Gilbert, AZ 85233
iii. Manager: Devin C. Warren, 722 West Gary Ave, Gilbert,
AZ 85233
d. Member: Donald C. Adamson, 5035 Valene St, Salt Lake
City, UT 84117
e. Cook Family Trust: Joe L. Cook and Debbie J. Cook
(Trustee), 2737 W. Southern Ave #8, Tempe, AZ 85283-4243
20) MJS Ventures, Inc. (10/01/01)
a. Statutory Agent:
b. President/CEO: Joe L. Cook, 2737 W. Southern Ave #8,
Tempe, AZ 85283-4243
c. Secretary: Shane M. Cook, 2737 W. Southern Ave #8,
Tempe, AZ 85283-4243
21) Suntree Partners I, LLC (5/26/00) (see also Fox Den
Land Holdings)
a. Statutory Agent: Alfred J. Olsen, P.C.
b. Manager: Joe L. Cook, 2737 W. Southern Ave #8, Tempe,
AZ 85283-4243
c. Manager: Martin D. Kempton, 2737 W. Southern Ave #8,
Tempe, AZ 85283-4243
d. Member: Kempton Living Trust, Martin Kempton and
Suzanne Kempton (Trustees), 2727 W. Southern Ave, #8,
Tempe, AZ 85282
e. Member: Cook Family Trust, Joseph L. Cook and Debra
Jean Cook (Trustees) 2727 W. Southern Ave, #8, Tempe, AZ
85282
22) Suntree Partners II, LLC (5/26/00) (see also Kempton
Land Holdings and Fox Den Land Holdings)
a. Statutory Agent: Alfred J. Olsen, P.C.
b. Manager: Joe L. Cook, 2737 W. Southern Ave #8, Tempe,
AZ 85283-4243
c. Manager: Martin D. Kempton, 2737 W. Southern Ave #8,
Tempe, AZ 85283-4243
d. Member: Kempton Living Trust, Martin Kempton and
Suzanne Kempton (Trustees), 2727 W. Southern Ave, #8,
Tempe, AZ 85282
e. Member: Cook Family Trust, Joseph L. Cook and Debra
Jean Cook (Trustees) 2727 W. Southern Ave, #8, Tempe, AZ
85282
23) Kempton Land Holdings II, LLC. (5/26/00) (see also Fox
Den Land Holdings & Suntree)
a. Statutory Agent: Alfred J. Olsen, P.C.
b. Manager: Joe L. Cook, 2737 W. Southern Ave #8, Tempe,
AZ 85283-4243
c. Manager: Martin D. Kempton, 2737 W. Southern Ave #8,
Tempe, AZ 85283-4243
d. Member: Kempton Living Trust, Martin Kempton and
Suzanne Kempton (Trustees), 2727 W. Southern Ave, #8,
Tempe, AZ 85282
e. Member: Cook Family Trust, Joseph L. Cook and Debra
Jean Cook (Trustees) 2727 W. Southern Ave, #8, Tempe, AZ
85282
24)
IFMC
Mortgage (2/11/1998)
a. Statutory
Agent: Investors First Mortgage Corporation
b. Member: Focus Realty, Inc.
1255 W. Baseline Rd, #292, Mesa, AZ 85202
c. Member: Joe
L. Cook Company Profit Sharing, 1255 W. Baseline Rd, #292,
Mesa, AZ 85202
25) JLC Consulting, Inc. (8/1/91)
a. Statutory Agent: Joe L. Cook, 741 West San Marcos Drive,
Chandler, AZ 85224
b. President/CEO: Joe L. Cook, 2520 E. University Drive,
#105, Tempe, AZ 85281
c. Secretary: Debbie J. Cook, 2520 E. University Drive,
#105, Tempe, AZ 85281
25) Foreclosures-4-Investors, Inc. (1/06/05)
www.foreclosures-4-investors.com - refers to Valleywide
Foreclosures (John Rosenberg, LR Partners)
a. Statutory Agent: JLC Consulting, Inc., 2520 E.
University Drive, #105, Tempe, AZ 85281
b. Officer/Director: Joe L. Cook, 2520 E. University,
Drive, Suite 105, Tempe, AZ 85281
c. Director: Shane M. Cook, 2520 E. University, Drive,
Suite 105, Tempe, AZ 85281
d. Director: Andrew J. Werner, 2520 E. University,
Drive, Suite 105, Tempe, AZ 85281
26) Mortgage Banking 4 Investors "subsidiary of the 4
Investors Network, based in Tempe (formerly known as Equity
Capital Funding Group)
www.mb4i.com (web site references Joe Cook, Cliff Jones
and Mike Stoner (formery with HomeVestors of America, Inc.))
Trade
Names:
1) Focus Development Investment Group 9/23/2002 – Joe
L. Cook, 2737 West Southern Avenue, #8, Tempe, AZ 85282
2) Arizona Rentals for Cash Flow 9/23/2002 – Joe L. Cook,
2737 West Southern Avenue, #8, Tempe, AZ 85282
3) Focus Real Estate Group – 3/1/2001 - – Joe L. Cook,
2737 West Southern Avenue, #8, Tempe, AZ 85282
4) Lepta Capital – 9/19/2002 – Joe L. Cook, 1255 West
Baseline, #292, Mesa, AZ 85202
5) Investors First Mortgage – Joe L. Cook Company (does
not exist), 3140 N. Arizona Avenue, Suite 107, Chandler,
AZ
6) Morgan Capital of Arizona (1/11/2001) MORTGAGE BANKING,
2737 W. Southern Ave, Ste 8, Tempe, AZ 85282
a. Owner: Morgan Capital of Arizona, Inc. (FN) (01/12/01)
i. Statutory Agent: Morgan W. Smith, 102 S. Honeysuckle Ln,
Gilbert, AZ 85296
ii. President/CEO/: Morgan W. Smith, 2727 W. Southern Ave,
#8, Tempe, AZ 85282
iii. Secretary: Joe L. Cook, 2727 W. Southern Ave, #8,
Tempe, AZ 85282
b. State Banking information:
i. Morgan Capital of Arizona, Inc. (FN) ,
SUITE 12,
2741 W. SOUTHERN AVENUE,
TEMPE, AZ 85282,
(602) 748-5626
branch #0104241home office #0903998,
Started: 04/03/2002
ii. Morgan Capital of Arizona, Inc. (FN),
a branch of Morgan Capital of Arizona, Inc. (FN),
SUITE 285,
1811 S. ALMA SCHOOL ROAD,
MESA, AZ 85210
(480) 831-9031
branch #0105555
home office #0903998,
Started: 04/09/2004
iii. Morgan Capital of Arizona, Inc. (FN),
a branch of Morgan Capital of Arizona, Inc. (FN),
8559 E. Cortez Street,
Scottsdale, AZ 85260,
(480) 905-1843, branch #0105556,
home office #0903998
Started: 04/09/2004
iv. Morgan Capital of Arizona, Inc. (FN),
a branch of Morgan Capital of Arizona, Inc. (FN),
Suite 189,
3055 N. Red Mountain Rd,
Mesa, AZ 85207,
(480) 905-1843, branch #010555, home office #0903998,
Started: 04/09/2004
v. Morgan Capital of Arizona, Inc. (FN),
a branch of Morgan Capital of Arizona, Inc. (FN),
7236 E. Norwood Street,
Mesa, AZ 85207,(480) 206-6802, branch #0105558,
home office #0903998,
Started: 04/09/2004
vi. Morgan Capital of Arizona, Inc. (FN),
a branch of Morgan Capital of Arizona, Inc. (FN)
Suite 207,
4920 S. Wendler Dr.,
Tempe, AZ 85282 (602) 431-4600,
branch #0105628,
home office #0903998,
Started: 04/29/2004
vii. Morgan Capital of Arizona, Inc. (FN),
a branch of Morgan Capital of Arizona, Inc. (FN)
1323 E. Geronimo St.,
Chandler, AZ 85225,
(888) 884-8353
Limited Partnerships:
1) The Merrill Place Limited Partnership, Joe L. Cook,
700 N. Gold Kay St., Ste A-5, Gilbert, Arizona
Misc:
1) www.FREG.net (licensed by Joe Cook/Focus Real
Estate Group and JLC Consulting, Inc.) 1255 W. Baseline,
Rd, Suite 292, Mesa, AZ 85202
2) www.foreclosures-4-investors.com (licensed by Focus
Redevelopment Inc, 2737 W. Southern Avenue, Suite 8,
Tempe, AZ 85282)
Jonathan
Rosenberg: (Mr. Rosenberg's info updated as of
6/18/06)
Name: JONATHAN M. ROSENBERG
Status: Active
License Type: Real Estate Sales
License Number: SA033562000
Original Date: 10/25/1988
Expiration Date: 10/31/2006
Responsible Entity:
Legal Name: LEVROSE INVESTMENT, INC.
Status: Active
License Type: Real Estate Corporation
License Number: CO002789000
Expiration Date: 9/30/2004
Business Address: 7329 EAST 6TH AVENUE,
SCOTTSDALE, AZ 85251
Mailing Address: 7329 EAST 6TH AVENUE,
SCOTTSDALE, AZ 85251
Phone: (480) 947-0600
Responsible Broker: CHITWOOD, MARY
Robert Irwin Levine:
(Mr. Levine's info updated as of 6/18/06)
Name: ROBERT IRWIN LEVINE
Status: Active
License Type: Real Estate Salesperson
License Number: SA116255000
Original Date: 10/25/1996
Expiration Date: 9/30/2006
Responsible Entity:
Legal Name: LEVROSE INVESTMENT, INC.
Status: Active
License Type: Real Estate Corporation
License Number: CO002789000
Expiration Date: 9/30/2004
Business Address: 7329 EAST 6TH AVENUE,
SCOTTSDALE, AZ 85251
Mailing Address: 7329 EAST 6TH AVENUE,
SCOTTSDALE, AZ 85251
Phone: (480) 947-0600
Responsible Broker: CHITWOOD, MARY
LEVROSE INVESTMENT, INC (9/16/92)
Statutory Agent: BARRY MARKSON HERZOG AND O'CON
President/CEO: Jonathan Rosenberg, 7329 E. 6th Ave,
Scottsdale, AZ 85251
Secretary: Mary Chitwood, 7329 E. 6th Ave., Scottsdale, AZ
85251
Valley Wide Foreclosures aka LR Partners
www.valleywideforeclosures.com (referenced on Joe Cooks'
website: Foreclosures-4-investors.com)
Member/Manager
Jonathan Rosenberg, 7326 E. 6th Avenue, Scottsdale
Member/Manager Robert I. Levine, 7326 E. 6th Avenue,
Scottsdale
7329 Sixth Avenue,
LLC
Member/Statutory Agent:
Jonathan Rosenberg, 7329 E. 6th Avenue, Scottsdale
Member Robert I. Levine, 7329 E. 6th Avenue, Scottsdale
4343 Brown
Avenue, LLC
Member/Statutory Agent:
Jonathan Rosenberg, 7329 E. 6th Avenue, Scottsdale
Member Robert I. Levine, 7329 E. 6th Avenue, Scottsdale
4375 75th
Street, LLC
Member/Statutory Agent:
Jonathan Rosenberg, 7329 E. 6th Avenue, Scottsdale
Member Robert I. Levine, 7329 E. 6th Avenue, Scottsdale
Member Geoffrey Turbow, 7329 E. 6th Avenue, Scottsdale
RJ Real Estate
Holdings, LLC
Member/Manager/Statutory Agent:
Jonathan Rosenberg, 7329 E. 6th Avenue, Scottsdale
Member/Manager Robert I. Levine, 7329 E. 6th Avenue,
Scottsdale
Quick Capital,
LLC (11/09/04)
Statutory Agent: Matthew B. Levine
Member: Integrity Plus Business Training, 3909 W. Rue De
LaMour, Phoenix, AZ 85029
Integrity Plus
Business Training (6/20/00) 4901 E. Coronado Rd,
Phoenix, AZ 85008
Member/Statutory Agent: April Stanton, 1262 W. Mountain
View, Phoenix, AZ 85021
Member: David S. Campbell, 1262 W. Mountain View, Mesa,
AZ 85021
Brian
Frank Berry:
First Name: BRIAN
Middle Name: FRANK
Last Name: BERRY
Status: Active
License Type: Real Estate Sales
License Number: SA109946000
Original Date: 5/31/1995
Expiration Date: 5/31/2005
Responsible Entity:
Legal Name: CLIFTON L BURGENER
Business Name: BONANZA REALTY
Status: Active
License Type: Real Estate Self Employed Broker
License Number: SE026449001
Expiration Date: 3/31/2005
Business Address: 132 S. CENTRAL AVENUE, PHOENIX, AZ 85004
Mailing Address: 132 S. CENTRAL AVENUE, PHOENIX, AZ 85004
Phone: (602) 307-9699
Responsible Broker: BURGENER, CLIFTON
Sweetheart Properties Limited (Incorporated 9/4/96) PO Box
7646, Phoenix, AZ
Statutory Agent – David Knapper
President/CEO – Brian Frank Berry, PO Box 7646, Phoenix,
AZ
Huron Investments Company (9/04/96)
Statutory agent:
President/CEO/Secretary: Brian Frank Berry, 132 S.
Central, Ave B, Phoenix, AZ 85004
Wolverine Funding, Inc. (9/4/96)
Statutory Agent: David Knapper
President/CEO/Secretary: Brian Frank Berry, 7329 E. 6th
Avenue, Scottsdale, AZ 85251
Trade Names:
Wolverine Funding (5/14/99)
Wolverine Foreclosure (1/25/99)
Law suits: (check lawsuits for Maricopa
at www.superiorcourt.maricopa.gov)
2006-004132: Kodrantes Capital vs Michael and Montano
2003-092478: Ricochet Properties, Inc. & Kodrantes
Capital LTD vs O'Neill
2002-023120: Kodrantes Capital LTD and 402 Property
Wholesalers, LLC vs Lake, Dublin Court, LLC, Lake & Cobb
PLC
2005-052659: LR Partners, LLC vs New Circle N. Property
Investments, Inc.
2002-001919: Moreno vs Altantic Mortgage, Amro Mortgage,
First American Title, CTC Real Estate, Kodrantes Capital
LTD, LR Partners LLC
2002-002168: LR Partners, LLC vs Cordova
1995-000986: Transamerica Commercial Finance vs Berry's
Appliance, Inc. and Brian F. Berry
1989-090041: Ahlers & HK Rust, Inc. vs Brian Berry and
Alan Cox
Krohn vs Sweetheart Properties (AZ Supreme
Ct) CV 01-0246-CQ, BK 00-10623-PHX-RTB
2000-020408: Sweetheart Properties Limited, Brian Frank
Berry vs City of Phoenix, Raymond and Amelia Espinoza
2002-007857: 7th Street Gas & Liliana Stoianova, GOHSAG vs
Sweetheart Properties, Frank Berry, 132 Property, Wisely,
Burgener, et al
1998-19598: Sweetheart vs Thomas and Carol Ann Head
1999-006041: Sweetheart vs Ron Schultz, Lance and Deborah
Lambert and Nancy Murray
2000-020833: Scott Elder vs Sweetheart Properties and
Advanta Mortgage
2001-0211673: Sweetheart vs Charles Bartkiewicz
2004-090799: Zions First National Bank vs Sweetheart and
Gohsag, LLC
2000-019923: Sweetheart vs Orlando Diaz, Scott and Greg
Elder
1998-020692: Sweetheart vs Orville Duncan
1998-023113: Sweetheart vs Joseph and Jeanne Brown
1998-023110: Sweetheart vs David Grale, Shawn Wagner and
Martha Graston
2002-011600: 402 Property, Brian Frank Berry and Clifton
L. Burgener vs Gregg Reichman & Capital Realty Services
2002-011651: Robin Scoins vs Witherspoon, Bocchicchio,
Security Title, 402 Properties, LLC.
1998-011951: Joe L. Cook vs James and Opal Brown
The following entites/persons appear to
be all interrelated. Research done 2002/2003.
Gregg S. Reichman:
www.buyazforeclosures.com
www.hardmoneyavailable.com
www.notediscounters.com
KMA Associates, LLC, incorporated 4/7/03, Stat Agent:
Andrew Abraham
Members: Capital Realty Services, LLC - Manager/Member, 3200 N. Central,
20th Fl Phx 85012
EZ Homes Inc. 3210 E. Georgia Ave, Phoenix, 85018
E Investment Properties Inc. 14602 N. 7th Place, Phoenix,
AZ 85022
KMA II, LLC, incorporated
6/17/04, Stat Agent: Andrew Abraham, 702 W. Osborn,
#110, Phoenix, AZ 85014
Members: Gregg Reichman, Manager/Member, 111 W. Monroe, #704, Phoenix, AZ
85003
Christopher Eymann, Member, 111 West Monroe Suite 704,
Phoenix, AZ 85003
Eric Weinbrenner, Member, 111 West Monroe, Suite 704,
Phoenix, AZ 85003
Capital Realty Services, LLC, incorporated
11/13/2000
Members: Gregg Reichman, Manager/Member, PO Box 15034, Scottsdale, AZ
85267-5034
Gordon R. Follmer, Manager/Member, c/o Follmer Rudzweicz &
Company, PO Box 5004, Southfield, MI 48086-5004
Active Finance Group, LLC (AFG)
(listed on
www.notediscounters.com web site - contact
information) incorporated 4/7/03
Manager/Member: Gregg Reichman, PO Box 16034, Scottsdale, AZ
85067
Members: Eric Weinbrenner, 111 West Monroe, #704, Phoenix, AZ
85003
Member Christopher Eymann, 111 West Monroe, #704, Phoenix, AZ
85003
EZ Homes, Inc.,
Incorporated 10/19/2000,
Stat Agent:
Eric Weinbrenner,
3210 E. Georgia Ave, Phoenix 85018,
Eric Weinbrenner,
President and CEO
E Investment Properties, Inc. (not found at
AZ Corporation)
Parties of Interest:
Arizona Investors Alliance, LLC -
John Ray, Managing Member
PHNX Housing Solution II, LLC - Corallee Thompson and Gary
Thompson, Jolene Walker (Quit Claim Deed between KMA
and PHNX recorded one year after execution: Recorder's No.
040734117 - property involved in bankruptcy, but Debtor not
on Quit Claim Deed)
Law suits:
CV1993-024884 Gregg Reichman vs Chuck and Tammy
Bozzani
CV1995-017226
C & H PROPERTIES VII LLC vs
1ST CROSSROADS PLAZA LIMITED PARTNERSHIP,
VITAL PROPERTIES INC ,
PACIFIC COAST DISTRIBUTING INC,
COVENANT ENTERPRISES INC,
Gregg Reichman
CV2002-070212 ,
Derek Stamper vs
CAPITAL REALTY SERVICES INC,
Gregg Reichman
CV2002-009644,
Derek Stamper vs
CAPITAL REALTY SERVICES INC,
Gregg Reichman
CV2002-011600,
402 PROPERTY WHOLESALERS LLC, Briand Frank Berry, Clifton
Bergener vs Gregg Reichman and Capital Realty Services,
LLC
CV2002-015855, Gregg Reichman vs Arthur Thomas Morris
CV2004-005222, Bobby J Jones vs Fairbanks Capital
Corporation, Bank Of New York, Tiffany & Bosco P A,
Michael A Bosco, Capital Realty Services Inc,
Gregg Reichman
CV2002-010883, Robert Heber Barron vs Bradford Diana,
Valley-Wide Productions Llc, Capital Realty Services L L
C, Gregg
Reichman, Hope
Reichman
