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BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

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BFCSA: Our Story - Adelaide & St George; The Crooks get off scot free.... another innocent family is left to pick up the pieces.

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 "Can You help us Please?  Something is very wrong here, and we are made to live with all these lies and we are a disadvantaged family.  We did default in 2008  But look at all the illegal things that they did between 2004 and 2005   and we got no justice at all for their wrong doing."

Background history of our Case.  Extract of letter written to local MP.
 

Dear Sir,

 

My husband had two major accidents in 1989.  He fell off the roof at work about 6 meters high and dislocated his discs in his neck and lower back. He was out of work on medication. He had a neck collar on and a brace around his waist..Two weeks later he fell on a glass coffee table at home, and lacerated the inner fold of the left elbow. What we thought was a minor cut ended up having micro surgery, joining arteries, veins, muscles and tendons. If he had not had the operation his hand would be left clenched into a ball.

 

I left my job as a hairdresser to care for him because he could not drive and had 85%  impairment therefore he was put on the pension and I myself on a carers pension. I also started to take my intellectual disabled son to a special school.   

 

We sold our house as we could not pay the mortgage any more.  My husband was always in and out of hospital and that was the first time the doctors picked up he was suffering  schizophrenia and was given medication for his mental illness as well as plenty of pain killers.. 

 

Three years later we put a mobile home on a large block of land in Smithfield that we bought cheap from the RTA.  Six years later the house caught on fire accidentally, caused by my bipolar and schizophrenic daughter. She was 17 at the time.... as you can see more and more disasters seemed to be happening. 

 

BUT GOD PULLED US THROUGH. Friends suggested to my husband to build five town houses, as our block was fairly large. He could not do the work but his work mates helped him and guided him with what to do.  We sold three townhouses and kept two.   Because he could not work anymore he decided to buy another block of land and get DA approval and sell.  We now had  2 Townhouses and a development site in Cabramatta

 

2003 - TWO LOANS were with NU LOAN

Both townhouse title deeds were in TWO NAMES myself and my husband, and the LAND IN FOUR NAMES -  my married daughter and son in law,  my husband and myself.  

2003 - We discover after the fact that Leon A. the broker, had refinanced  the 2 Townhouses with Adelaide Bank without our knowledge.  

 

In 2004 my husband receives a call from Leon A. saying he could get him a better deal with Adelaide Bank.  

 

In mid 2004 Leon A. does valuations on the 2 Townhouses and the Land . 

 

We were asked to pay insurance for BOTH LOANS and Leon A. took $6,000 for one loan and $6,000 for the other, for himself.  Bear in mind that my husband has a mental illness 

 

I am not a legal person Plus my life is busy with my TWO DISABLED ADULT CHILDREN, monitoring  their  medication, taking them places as they can’t drive , They need looking after .  

 

We signed these TWO LOAN applications all in ONE WEEK together.

 

Leon A. said don't worry about a solicitor   I WILL WITNESS IT...  SAVE YOUR MONEY   

 

Bear in mind that my husband has a mental illness and trusted Leon A..  We believed that BOTH loanswere to be refinanced and believed that Nu Loan was PAID OUT IN 2004.   

 

IN MID 2005   Leon A. comes back and makes my husband take out TWO PERSONAL LOANS,  ONE with ST GEORGE for  $40,000 and one with FUNDCORP for $40,000. Again Leon A. takes $6,000 for one loan application and $6,000  for the other for himself .  A very dishonest man taking advantage of a man with mental illness. 

December 2005  We go to our former solicitor to do a title transfer only, as our daughter had requested she be taken off as she was purchasing a home for herself. 

We defaulted in 2008 . The land was taken and the number 2 townhouse was taken. We got some legal advice from another solicitor  LISA P.  She collected documents from the broker Leon A. and Adelaide Bank.

 

We discovered  FALSE TAX RETURNS FOR MYSELF AND MY HUSBAND ( WE DID NOT DO FALSE TAX RETURNS SIR I SWEAR ON MY LIFE ) 

 

Lisa P.  said "STOP PAYING THE MORTGAGE YOU ARE INVOLVED IN A  MORTGAGE FRAUD. 

AN AFFIDAVIT CAME OUT that stated that WE DID THE REFINANCE ON the LAND IN OCTOBER 2005 with a MICHAEL S.  

We were left with our mouths open.   We had no idea what she was talking about and bear in mind that we are a family with mental illness this is very disturbing for us. We did not know any Michael S. 

Lisa P.  sends my husband to psychiatrist to see if he really has a mental illness .

 

My Husband has seen FOUR SPECIALISTS  and one GP and they all say he has schizophrenia.

 

The broker Leon A.  should not have led him into a mortgage that he knew was over the limit for our capacity to repay. Leon A. did not direct my husband the correct way because he was a very dishonest man and a thief  

 

Lisa P. said I will send these tax returns to the tax office in Melbourne.  Six months went by she said they are very busy, eight months went by no answer.  My husband rang Melbourne Tax office and they replied we have not received anything .  

 

We go back to Lisa P. and she is very rude... “ get out of my office I am not acting for you any more”.  We were devastated.  When we picked up the file the false tax returns were missing along with other documents.

 

Our friend that helps my husband reported Lisa P. to the Bar Association and later she returned the rest of the files. 

 

We send the FALSE TAX returns to the Tax Office ourselves. My husband received a letter back stating that THESE TAX returns WERE NEVER EVEN LODGED BUT WE HAVE BEEN COMPROMISED.  WE WILL CHANGE YOU AND YOUR WIFES’ TAX FILE NUMBERS FOR YOUR PROTECTION. THIS IS A CRIMINAL ACT.  

 

WE find another solicitor called  Peter  I.

Affidavits  are coming and going. Peter  keeps us for a year.  We paid him like we paid Lisa P.  He said “are you sure you don't know Adam A. on these FALSE TAX return”?  We replied “WE SWEAR on OUR LIFE”.   He said “are you sure you do not know Michael S. on this application and agreement “?  We replied “WE SWEAR ON OUR LIFE”.

THEN HE SAID “DO YOU WANT TO SEND A MAN TO JAIL?”  and dropped the case.  

We are a family of mental illness this was too much to bear, all these strange things.

 

IN 2010 we went to trial with a Barrister called Roger B.  We paid him as well.

 

The broker LEON A. LIED IN COURT.   MICHAEL S. LIED IN COURT   

 

A man we never met said that my husband and myself and Leon A and Michael S met at a coffee shop in Earlwood and he witnessed our signatures.  

 

ITS  A   LIE     IT NEVER HAPPENED    In court I was shaking and crying. I could not believe what I was hearing. 

ALL LIES   

 

ALSO an ACCOUNTANT NAMED BASIL P.   LIED IN COURT. He said that my husband asked him to do false tax returns  WHICH IS A LIE...   BASIL COULD NOT PRODUCE THE ORIGINAL COPIES..  

 

THE BANK COULD NOT PRODUCE THE ORIGINAL COPY OF THE FALSE MORTGAGE OF MICHAEL S. IN THE CAFE   

 

THEY simply said NOT PRODUCED   NOT PRODUCED.  OUR BARRISTER DID NOTHING to help us.   

 

IN COURT THEY SAID WE DID THE  REFINANCE OF THE LAND WITH JOHN I. a broker in 2005 

MY HUSBAND AND I WERE ALL CONFUSED.  we can't handle lies and then be forced to accept it as the truth. 

We refuse to accept these lies OUR BARRISTER DID NOT CALL ONE WITNESS ON OUR BEHALF  e.g.  DR M., DR R. DR K. DR W. the banks  specialist or our GP DR P. or our daughter and her husband who were on the title deed for the land, therefore,  there should be  FOUR NAMES ON THE LOAN APPLICATION AND CONTRACT, NOT JUST TWO, MYSELF AND MY HUSBAND.   This was a False and fabricated mortgage done amongst themselves without our knowledge and they made us pay for it...  

When we questioned  John I.  He said that he does not know Micheal S. or Leon A.  

We asked John  “ how did you do the refinance?”  He replied “ THE BANK TOLD ME TO DO IT.  

 

SO they combined a REFINANCE  AND A TITLE TRANSFER IN 2005 together at the same time, without our knowledge and we paid for it again.  

THAT IS FRAUD  

Dear Sir, if they had been honest with us and told us the truth that our land was still mortgaged with NULOAN and not with Adelaide Bank we could have resolved the issue then in 2005 with the bank and the broker.

WE STILL HAD A MORTGAGE WE AGREE, WE WERE NOT IN DEFAULT IN 2005 AND WE DID NOT NEED TO SPEND THE PAST SIX YEARS IN COURT. 

The court of appeal did not give us one ounce of justice on the COMPROMISED TAX FILE NUMBER and not one ounce of justice on the TWO FORENSIC TESTS DONE ON THAT FALSE MORTGAGE which shows liquid paper under the date and under the witness and more!  

 

WE HAVE BEEN EVICTED, LIVE IN A CARAVAN PARK  FOUR PEOPLE WITH MENTAL ILNESS SIR, THAT IS  HEARTLESS  SIR.   ALL WE WANTED WAS TO SAVE THE TOWN HOUSE NUMBER ONE   

 

Please sir, we know that you are the only person that could do that. Consider our mental illness sir.  My husband is nearly 70 years old Sir.  I am nearly 60 years Sir.  We are miserable people and don't enjoy anything anymore.  For me my life is over and I wish that I don't wake up in the morning.  My children ask when are we going back home?  What do I say to them that have mental illness? Why is there no compassion Sir?  Please consider the mental illness sir.  I know I would if this had happened to someone else.  Thank you Sir.  If we go back home I know that with time this will all be just a dream.

 

Best wishes for Christmas to you and all your family.

Lucia

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Comments

  • doyla66
    doyla66 Saturday, 25 January 2014

    Just too sad. All these victims.
    Never do business with Bendigo Adelaide Bank !
    Anyone who dealt with Adelaide Bank,now Bendigo Adelaide Bank email Dr. Alex Douglas MP Gaven Q'ld with your story. He is wanting to compile a list of victims.
    email address: [email protected]

  • doyla66
    doyla66 Sunday, 26 January 2014

    Tragic deplorable and criminal acts resulting in shattered dreams and for generations of Australians. The trouble is they have everything now so well stiched with Major Banks now owing most of minor Banks and large Broking firms up where do you deposit your money knowing you cannot trust any of them and knowing they now have plans afoot to steal more of it? Maybe we should all get into what doubtless all of them are stash what we have in tax havens to try and protect it from thieves!

  • doyla66
    doyla66 Sunday, 26 January 2014

    bent

    Maria B, I will be contacting Alex Douglas , Bendigo and Adelaide Bank are bent

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