Do you know who Kevin Wolfer is? He has recently attracted attention in numerous forums, including Bigger Pockets discussion. There was an involvement of him in private lending and conventional mortgages advice. The organization is also at the center of the Kennedy Funding lawsuit, it is a well-known case. kennedy funding ripoff report. is a commercial real estate business that has been involve in a series of lawsuits which has raised major legal questions. There are a number of mixed allegations and scrutiny that the company has faced in the recent few years.
They are involve in high profile legal battles like Virgil Shelton’s Rest in Peace Cemetery to complicated trials such as Triad III, LLC and Stone Harbor Estates, Inc. In this article we are going to decode the truth behind the Kennedy funding Ripoff Report. We will also offer a comprehensive analysis of the accusations faced by them and the company responses to the problems encountered by them.
About kennedy funding ripoff report
Kennedy Funding is a well-known company in the financial lending industry. They provide an extensive range of services which are customize to fit into the requirements of the clients.The services given by them include land development, construction, bankruptcies and many more. They have high profile clients such as Wordstream, KFI’s and Hubspot which has influenced the industry. The given are the contributions of Kennedy Funding:-
- Loan Services
- They offers loans ranging from $1 million to $50 million
- Long Terms loans are for 12 months, they can close the loan in 5 days.
- They also provide asset based loan which is available in all 50 states like Puerto Rico and the U.S Virgin Islands.
- Special Features
- There are no requirements for credit scores for loan approval or personal income.
- They also provide non-recourse loans and also ensure that the borrowers are not personally liable.
- They maintains A+ rating for a better business Bureau.
- Global Reach
- They have approved over $3 billion loans since its establishment.
- The company closes the loan quickly without the red tape of banks.
- They have experience in closing the loans from worldwide and navigate through numerous international real estate and money lending law.
Beginning of Kennedy Funding Lawsuit
The beginning of the Kennedy Funding lawsuit can be seen in several key incidents and the behavior of the customers. This observation became a reality to discussions and allegations against the company. And began controversy about his reputation:-
- Legality Issues
- A very important case in which Professional Cleaning and Innovative Building Services Ins. was involved. The company entered into a financing agreement with Kennedy Funding for a loan of about $1,800,000. But they have offered less based on the evaluation, which has led to a lawsuit with multiple cases.
- Virgil Sheton’s lawsuit against the funding company for breach of contract and fraud.
- Forum Discussions
- Platforms like Pockets and DailyFunder have revealed in the discussion that clients have faced negative experience and hesitate with Kennedy Funding. They have mentioned that they have faced aggressive sales tactics, failure to close the deals and high upfront fees.
- Questionable Practices
- They have faced allegations like contract breaches, hidden fees and target unhelpful borrowers. Under the different names such as Silver Arch Capital Partners shows several patterns which have led to multiple ripoff reports and lawsuits.
Key Allegations From The Report
The main allegations against the Kennedy Funding Lawsuit has highlighted several critical areas which shows the lack of transparency in the business. The given points are some closures of the allegations:-
- Predatory Practices
- The company was targeting small businesses and people and charging them with high interest rates and hidden fees.
- They were using misleading tricks to attract borrowers and made false promises like easy loan approvals.
- Lack of Transparency
- The company has faced allegations like they were using harsh debt collections. It also includes harassing legal threats and phone calls.
- They were criticized for holding vital information of the clients which contributes to lack of transparency.
- Legal Allegations
- Scamming: There was a very serious ethical issue that the money was charged but the loan was never given to the clients.
- Breach of Contract: There was an accusation in cases such as Three Keys Ltd. vs Kennedy Funding, which claims that the contract was misled.
- Fraud: Virgil Shelton has claimed that the company has been involved in fraudulent activities. Due to which Shelton has to face a jury of $1,675,000 rewards.
The serious accusations against the company shows the anger of the clients and the problem they had to face due to their misleading services.
Legality issues Faced By Kennedy Funding
Kennedy Funding has to go through a lot of legal and ethical inspections. They have also faced several high-profile cases that have raised several questions about their business tactics. The given are the challenges and the allegations faced by the company:-
- Legality Issues Over financial Transactions
- A well-known case of Newport Avalon Investors, LLC’s bankruptcy led to a dispute with Kennedy.
- The legal show off with Virgil Shelton over the Rest in Peace Cemetery loan shows the issues with escrow commitments. Despite the contract the company did not establish the escrow account, which leads to Shelton’s lawsuit for breach.
- Misleading Practices
- The company faced accusations of charging hidden fees which is a violation of state acts. It can be seen in the case of Dan Keener. The district court used to occasionally agree with Kennedy despite the accusations made by the people.
- Breach of Agreement
- The company has faced several legal issues on numerous occasions for failing to end the negotiation. They failed to negotiate when it came to paying out the promised money.
Conclusion
The deep analysis of Kennedy Funding has unfolded the deep controversy and complexities surrounding the company’s business practices. The Kennedy funding Ripoff Report has shown unlawful practices and dissatisfaction of the clients which has led to the scrutinizing of the company. The mentioned details underline the challenges faced by Kennedy Funding but also make a loss of several firms. As the financing industry is evolving, the case of Kennedy Funding is a great reference for other stakeholders to consider between healthy business practices and aggressive business practices.
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