Sale of Melville's Vertical Lend will help co. avoid problems -

There are 15 comments on the Aug 8, 2007, Newsday story titled Sale of Melville's Vertical Lend will help co. avoid problems -. In it, Newsday reports that:

The sale of Melville-based mortgage company Vertical Lend to KBC Financial Products could further help the mortgage company stay afloat in an increasingly troubled industry.

Join the discussion below, or Read more at Newsday.

Phil

Riverhead, NY

#1 Aug 8, 2007
Those guys are a greaat mortgage company and really do help people with the reverse mortgage, good for LI and good for seniors.
laugher

New York, NY

#2 Aug 9, 2007
good luck to them.
Will

Wavre, Belgium

#3 Aug 11, 2007
Why a Belgian firm would buy a (reversed) mortgage firm, just now, in the middle of a mortgage crisis?
Is this a sound investment.
Vertical Lend

Brooklyn, NY

#5 Aug 31, 2007
David Peskin is wrong, his company has documented sources of trouble. His other company is Mortgage Warehouse. Check the BBB out for that company. You will be surprised. He also owns Lender Lead solutions which sells their leads off to mortgage brokers. They are senior citizens who don't apply for reverse mortgages. These folks end up getting IO loans as well as Neg am's. Yeah that's doing the right thing alright.
That company is a joke.
iceybay

Corona, NY

#6 Sep 6, 2007
How right your are Brooklyn Person re: Vertical Lend. I dont get it, the AHM guy goes off to jail, and Vertical Lend gets a Grant from the State Of Michigan for 3.5Mil to open up shop in Troy? He must of bamboozled them alright or they didn't see the Ads as to the rampant fraud as reported by the Massachusetts Banking Board. See story above. KBC bank, or KBCFP took them over. Why is beyond me, considering the stories of fraud. I have a hunch though, Newsday will pick up on it and report it. Most Long Islanders dont know. AND, what gets me, is Robert Wagner is running around, promoting this company, who practised rampant FRAUD in MASS. He probably does not know.......Anyone know Robert Wagners email?
Someone should enlighten the man. I assume it is only a matter of time, before other States Banking Boards look into them. I can't imagine what KBC was thinking! Lets see, to be taken over they had to be financially strapped, AND they practiced rampant FRAUD as well.....Real bad move if ya ask me. I believe they are now called WORLD Alliance Financial. Betcha we will be reading about them all soon!
Michigan resident

Grand Rapids, MI

#7 Sep 20, 2007
Our Govenor probably does not care, she is just trying to bring jobs here since she has lost us so many
Catman

Dearborn, MI

#8 May 31, 2008
Run, don't walk away from this company.
Wondering

New York, NY

#9 May 31, 2008
Catman what was your experience with them?
Good Advice Catman

New York, NY

#10 May 31, 2008
Run as fast as ya' feet will carry ya.........
Run like the wind. When will authorities WAKE UP?
kimo

AOL

#11 Nov 15, 2008
you aint seen the worst of this yet. KBC is definitely asleep at the wheel. keep watching and im going to give you the run dwn here soon
Curious on Long Island

AOL

#12 Nov 20, 2008
KIMO: You've peaked my curiosity! I've kept my eyes on this firm (VL)for a long time, and and amazed that it still exists although now taken over by KBC. Really Really Peculiar. I've plenty of my own thoughs which I keep to myself, yet in my gutI KNOW this is going to Burst wide open. Keep posting. Truly I do have a GUT feeling for News,and I feel this is going to be a BIG ASS STORY.

Happy Thanksgiving to all...
Curious in Boston

AOL

#13 Dec 11, 2008
Kimo, I'm anxiously awaiting your post....!!!!!
What gives?
Right on KIA

AOL

#16 Jan 14, 2010
To All: Kia is right on; trust me I know first hand
KBC Bank, shame on you for not seeing thru this snake...he dragged you down right along with him! I know with every fiber of my being that in due time, justice will prevail.....
Correction TIA

AOL

#17 Jan 14, 2010
Admittedly not the best typist here...TIA, RIGHT ON TIA, not Kia..
cheryl Jones Latimer

Elmira, MI

#18 Oct 23, 2011
Does anyone know the status today oct. 20111. My mom got an referse mortgage from vertical lend incl..passed on and it has gone through the elctronic registrey all over!!! does anyone have data now...I think now an illegal foreclosure...she was 87 when she did her loan and under adult protective serives so for the life of me how did it fly? than there is this subsidy re-capture on the interest someone took after she lived in the home 22 years??? bogus fees that for the life I can not understand...however..the subsidy re-caputre on the interest after 87 yr. mom lived in the home for 22 yrs...across from an farm and pesticdes on top of all that....anyone can help daughter cheryl e-mail me swordofthespirit.cheryl@gmail. com....and foreclosure notice wtih Orlans and Orlans of troy, mi that were up for fraud investigate...it is getting complicated..any wise ones out ther e-mail if you have a comment or help...daughter of America. Senior Mom...
iceybay wrote:
How right your are Brooklyn Person re: Vertical Lend. I dont get it, the AHM guy goes off to jail, and Vertical Lend gets a Grant from the State Of Michigan for 3.5Mil to open up shop in Troy? He must of bamboozled them alright or they didn't see the Ads as to the rampant fraud as reported by the Massachusetts Banking Board. See story above. KBC bank, or KBCFP took them over. Why is beyond me, considering the stories of fraud. I have a hunch though, Newsday will pick up on it and report it. Most Long Islanders dont know. AND, what gets me, is Robert Wagner is running around, promoting this company, who practised rampant FRAUD in MASS. He probably does not know.......Anyone know Robert Wagners email?
Someone should enlighten the man. I assume it is only a matter of time, before other States Banking Boards look into them. I can't imagine what KBC was thinking! Lets see, to be taken over they had to be financially strapped, AND they practiced rampant FRAUD as well.....Real bad move if ya ask me. I believe they are now called WORLD Alliance Financial. Betcha we will be reading about them all soon!

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