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Investors, Tenants, Potential Tenants, Contractors - BEWARE - this company and it's ownership should be avoided if you value your investments, good credit and personal or business security. Here are a few reasons, please feel free to do your own research - JUST BE SURE YOU DO - Lance Puig and York Street Properties, York Street Homes, York Street Investments and the numerous LLC's this organization operates under have caused 100's thousands of dollars of loss, 100's of wasted hours and countless heartaches for good people:
1) Debts and returns on investment are not honored in a timely fashion, if at all.
2) If you're tenant don't believe if you rent a home expecting to buy it that you ever will. It's a false promise - ask existing tenants.
3) If you're an investor; don't believe you are getting a safe, reliable, well maintained investment - ask past investors.
4) If you're a contractor; don't give this company or Lance Puig any credit - he does not pay.
5) Don't believe what you read on the website(s), in blogs or on radio shows. Icons are unauthorized, statements are false & exaggerated.
6) Don't believe mortgages (in your name) will be paid or debts for services will be paid - they won't be.
Here's a few examples of fact:
a) There are numerous lien filings, small claims filings and court filings against this company and Lance Puig. The subjects are wide
ranging (non-payment, fraud, etc). He gets contractors to remodel houses, then doesn't pay them - $1 Mil of examples cab be given
b) Investors have lost their investments due to non-payment of mortgages.
c) The BBB has not been paid and the "Online Accredited Business" icon is misleading at best.
d) The numerous bank links on the website are being used without authorization.
e) The claim that Lance Puig comes from 3 generations of real estate investors is pure embellishment.
f) Lance Puig hires people in the Philippines to write comments and compliments in blogs. They are not real.
g) An leading figurehead of the company and personal advisor to Lance Puig is an federal ex-con:
http://www.bop.gov/iloc2/InmateFinderServlet?Transaction=NameSearch&needingMoreList=false&FirstName=MICHAEL+& Middle=&LastName=BACHER&Race=U&Sex=M&Age=&x=79&y=8. This shows in everything they do, Lance Puig just hasn't been
imprisoned - yet.
h) Lance Puig/York Street Properties is not a member of the TAA or local apartment assoc. That makes all leases signed with the TAA
lease agreements invalid. According to law, the tenant has a right not to honor agreement/no legal protection for investor.
i) A majority of properties remain vacant because they're in bad, un-leasable condition. The company is broke.
j) Houses are purchased at REO prices (50%), then sold to investors for 90% with minimum remodeling to justify that price.
k) Resale, should the investor be faced with that, is impossible at 90% - not to mention the probable liens on the property.
l) The 40% profit (j, above) is used to support Lance Puig's unjustified lifestyle and foreign online labor (paid at $5/hour).
There are many cases of fraudulent and/or misleading business practices utilized by Lance Puig and York Street Properties, et al. Do you homework before doing any sort of business with this man or his companies. Better yet, why take the risk? In today's economy it's difficult enough to make your hard earned dollars and credit work for you - why add dealing with a broke, unscrupulous and unethical partner to the mix? Don't believe what you read - Lance Puig is a professional at making things look one way, when his representations don't paint the real picture. Last reports have he and his family hiding in their house to avoid process servers.
Do your homework - there's too much to list here - don't leave any stone unturned if you need to prove to yourself that investing with Lance Puig/York Street Properties is a bad move. Don't leave any stone unturned before deciding to do business of any sort with this man and his companies - and if you do; get your money in advance - get your own attorney to verify all contracts - be sure you are protected to minimize loss when the "good faith agreements" are inevitably broken.
I am a Dallas based investor who also works full-time to support my family. I see opportunities all over town and began looking into companies/persons that I could partner with. In my initial searches; Lance Puig, York Street Properties and York Street Homes came up frequently. So I started looking into the company.
My research included the BBB, banks, appraisers, court filings, looking at York Street Properties houses for rent, talking to a couple of renters/aspiring buyers, company employees (they like to talk - disgruntled, earnest or otherwise), County Sheriff's (process servers), a few of the individuals that had posted complaints on the internet, amongst others.
What I discovered motivated me to publish a few of the things I found out. Perhaps then, any hard working investor or company thinking about providing services to Lance Puig and companies would have a place to start their own research (so that an informed opinion and decision could be made on their own). The facts are easily verifiable.
Would I like to reveal my name in this forum? NO THANK YOU. After my first posting I was able to confirm that Lance Puig had allowed homes and investments of friends, business colleagues and family (including his mother) to be foreclosed on due to non-payment of mortgages. That's in addition to the numerous people he has already destroyed. Disregard for the lives, security and well being of people doing business with Lance Puig seems to be a recurring theme. Would I like to subject my family, home personal security to potential harm needlessly - NO! - my finding do not warrant that sort of trust in Mr. Puig. What I found was chilling.
Perhaps an earlier poster, Reidar Klaumann, has a good idea. It's possible that the State Attorney General would be interested in the financial affairs of Mr. Puig. I, however, do not have an actionable claim as I made a decision to stay away from his dealings. Here's contact information for those interested. There seems to be a lot of people harmed or mislead, perhaps a group effort would offer some protections or satisfactions:
http://www.oag.state.tx.us/
Attorney General Greg Abbott: greg.abbott@oag.state.tx.us
Main agency switchboard [protected]
Consumer Protection Hotline [protected]
I'm an above average earner, family man and hard working person trying my best to cope (if not profit from) the bad economy our nation, state and community faces. It's a time to work together, not work against one another. This also includes sharing information that could help fellow community members avoid a potentially hurtful situation. There are numerous credible facts available (as stated in my first post) and the focus of attention should be on those facts, not attacks on yours truly - which is what several of the above posters have decided to do (or perhaps one poster - Lance Puig using different names). Check the facts; check with BBB, check with TAA, talk to numerous service suppliers, contact tenants in York Street Properties homes, verify county records, speak with banks, there are many channels for credible information.
Our country is a beautiful place; we can express our opinions and make decisions freely. The internet and regulatory agencies make it possible to discuss, interact and take appropriate action. For me, I am walking away from Lance Puig and companies. For the parties already harmed, they may like to "band together" and act as they see fit. I hope this forum and my postings help somebody.
Good Luck and Best Regards,
Dallas Investor
READERS HAVE ASK "WHAT IS A PONZIE SCAM ?"
A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors from their own money or money paid by subsequent investors, rather than from any actual profit earned. The Ponzi scheme usually offers returns that other investments cannot guarantee in order to entice new investors, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the returns that a Ponzi scheme advertises and pays requires an ever-increasing flow of money from investors in order to keep the scheme going.
The system is destined to collapse because the earnings, if any, are less than the payments. Usually, the scheme is interrupted by legal authorities before it collapses because a Ponzi scheme is suspected or because the promoter is selling unregistered securities. As more investors become involved, the likelihood of the scheme coming to the attention of authorities increases.
Amigo Air can count themselves as one of the very fortunate ones. That leaves more than $600, 000 to go, just with debts to contractors!
Got questions on how HVAC contractors are paid? Contact Mr. Cool, American Mechanical, United Mechanical and many others that have registered complaints with various court systems in the Dallas Metroplex. Their contact information and complaints are readily available... better yet, contact York Street Properties for that information - they have 100's of pieces of correspondence from these companies... though probably discarded, just like investor, tenant and aspiring buyer complaints.
I was asked to re-post the prison record link of Michael Bacher. I hope this works for you:
http://www.bop.gov/iloc2/InmateFinderServlet?Transaction=NameSearch&needingMoreList=false&FirstName=MICHAEL+&Middle=&LastName=BACHER&Race=U&Sex=M&Age=&x=79&y=8
For all who don't know, Michael Bacher is a long time employee and adviser to Lance Puig.
A BLOG POSTED BY SCOTT LEONARD ON http://themaxonshow.com/2009/01/13/lance-puig/:
QUOTE...
Scott Leonard
Your comment is awaiting moderation.
September 1st, 2009 at 2:32 pm
BM,
That’s very nice that you would stick-up for your boss. Fact is, however, the man is crooked and these statements are about the VERY REAL sums of money that he’s swindled. These aren’t empty accusations, these are facts.
If you’ve been a party to the scam of York Street Properties, you and your family should know that you/they are eating while others are suffering and not eating because of the actions of the company you work for.
I know, you must think we’re rich Americans and can afford it. But we can’t. We also cannot survive and prosper when our credit ratings have been ruined by you scam.
As far as talking is concerned – that’s a joke – victims of the scam including investors, tenants and service providers have send 100’s of emails and left countless telephone messages, which have never been returned.
If the company you work for is honorable it will pay its bills. It’s as simple as that. Touting what a great company this is and what a successful business plan it has doesn’t work with an intelligent audience. Look at your REAL accounts payable, look at the investors properties that have been foreclosed on, look at your boss cowering in his house to avoid process servers, talk to the tenants that have bursting sewage pipes in their house, talk to the tenants that were promised they could buy their homes (not a single promise fulfilled).
If Lance Puig is going to go on radio talk shows, he should expect recourse from all the folks that have supported him in past, but lost. You, ultimately, will lose too. If you care about your family, you’ll lead your life honorably and begin looking for a new job.
There’s nothing false in what’s been said. If what you think is true, then get an AUDITED financial report for your company(s) and present it! If it’s REAL, you’ll be startled at what you see.
...UNQUOTE
In response to a post made by BM:
BM
August 28th, 2009 at 2:04 am
I have been working for YSP for almost 2 years now. Before YSP I been dealing with a lot of outsource company and most of them don’t pay and if ever they do the salary is really low. We are getting a lot of bonuses here and YSP is very generous to us. So I was shocked when someone is saying that YSP is not paying – that is so untrue. There might be a delay for other vendors cause there is a process they need to do before releasing money but they still get their pay.
Without YSP I will not be able to support my Family. We are 8 kids in the family and imagine how YSP can help me to survive our everyday expenses. We help people we make their dreams happen it cannot happen overnight but still we make it happen.
I am not saying all these because I am working for YSP, I am saying this because this is really what is happening. Almost every day I talk to Lance, I can see how he wants to make things better for other people. I know his intentions are all good… he also have a family don’t forget that. He cannot please everyone here but he doesn’t deserve all this bad comments. If you have problems with YSP it’s much better to talk to us and solve the issue than spreading false accusation.
BM
I would agree with point 3 of the Investors comments above. It's highly unlikely that Puig has enough liquidity to pay his bills and with lawsuits that have already been filed and will be filed, it's highly unlikely he will ever pay anybody back.
What's intriguing are the "empty threats" he's making by saying "if you speak up in public I can guarantee you'll never get any money". It's really a silly comment to make, for obvious reasons. (A) If he wants to shut somebody up, just pay them. (B) The courts will decide who gets paid the way things are going, not Puig and his "machinery" (C) As Reidar Klaumann said (above), if the press releases are true and York Street Properties is "strong", then why doesn't Puig hire somebody who can successfully negotiate with the parties who claim injury and debt?
Lacking an action similar to point C, above, Puig appears to have nothing to say and no place to go. Bankruptcy will not quell the criminal complaints. Indeed that will just throw gasoline on the fire. He and his convict "ex" have gone too far.
For what it's worth, I got the same letter from Joseph M. Nathan by email. It went into my spam box and will stay there. What a waste of time.
Michael, I'm really sorry to hear about the troubles you and your family have gone through as a result of York Street Properties. Please know that there are scrupulous investors doing business in Dallas. I have need for a good HVAC Technician from time to time. Please send me an email and I'll contact you next time the need arises.
I have contacted the Specialized Crime Unit and explained the investment scheme that was presented to me. The Dallas County DA's office need more information - please contact them directly or through your legal representative !
I thought the newsletter was excellent. I especially liked this part:
ILLEGAL PROPERTY FLIPPING; is the most common form of mortgage fraud, involving false appraisals and other fraudulent loan documents (US Attorney General, quote)…
ILLEGAL PROPERTY FLIPPING EXAMPLE:
• Perpetrator/house flipper buys a house for $40, 000.
• House flipper has the house illegally appraised for $160, 000.
• House flipper sells house for $160, 000 to a straw buyer who obtained a 80% loan of $128, 000 giving the perpetrator a profit of $88, 000.
• House usually results in delinquency, default, or foreclosure.
• The bank/financial institution is left with a $128, 000 mortgage on a $40, 000 property for a loss of $88000.
• Please see comment by Kendra Appraiser: Lance Puig + York Street Properties — False Representations + Payment Scam
Wade - thanks very much for that post! A particular post by "Tom Burris | FHA VA & Conv. Texas Mortgage Loans (DallasLoanGuy.com)" caught my attention. He said " I haven't seen any of these lately. But at a prior place I worked, we had a couple. Both were averted with a lender field review of the appraisal".
It's my opinion (and a respected local Attorney), that Lance Puig went to specific Lenders that wouldn't do a review of the appraisal. If one Lender disageed with the value he would go to another. We also feel that Lance Puig started to have serious troubles with his scam when Lenders began requiring an "appraisal review" or use of their own Appraisers. Until then, "fraudulent operators" like Lance Puig could more easily manipulate all parties involved to facilitate the scam and mortgage fraud.
Investors definitely didn't have control and evidenced by:
1) Lance Puig chose Lender who wouldn't scrutinize the loan documents [for honesty] too carefully.
2) Lance Puig chose Appraiser (whom he controlled or colluded with).
3) Mortgage payments not made by owner.
4) York Street Properties is not a Property Manager and collected all funds illegally.
5) Tenant leases falsely showed York Street Properties as the owner rather than the "Investor/Straw Buyer".
6) There's much more, but those facts should be revealed in Court rather than here, in public.
Thank you "Wise_Broker" for your input. Your remarks actually give credibility to statements made previously and also in this weeks newsletter.
To summarize; the majority of Investors and others were swindled prior to regulatory and lending institution processes being revised. To combat escalating cases of mortgage fraud more vigilance was necessary to protect financial institutions, as referenced in the efanniemae article you provided.
Points 1 & 2 are actually correct. However, as sited in the newsletter, the new controls (referenced in the article you provided) have greatly reduced mortgage fraud and ponzie scams perpetrated by people like Lance Puig. As testament to that fact, severe cash flow problems for operators such as York Street Properties began in early to mid 2009 (as Investors, Lenders, Service Providers, Tenants and others have testified).
Thank You for your input and the positive information that action is being taken to avert future financial disasters at the hands of operators like York Street Properties. As many very wise people have stated "self regulation by industry has not provided enough controls in past, obviously". The new thinking - increased controls combined with prosecution of past and future offenders is welcomed - particularly by members of this group !
I was contacted by a very nice young lady this afternoon. She told me about all the websites, lawsuits, conversations and latest news.
More to the point, she asked if I needed help with filings or anything else to deal with Lance Puig. I thought that was absolutely fantastic and I offered all the information I could provide. I don't know York Street Properties investors but I'm happy to hear that somebody is looking for them and planning to put together a teleconference soon. Thanks for doing that, I really got a lot out of the conversation !
Wade, your comment on page 8 looks like it will be coming together. I was asked to send an email to yspvictims@gmail.com and identify whether I was and Investor, Tenant, Service Provider or Other in the subject line. It would be a great idea if everybody reading this blog could do the same thing - it would make it easier for the organizers to sort the mail.
Again - Thanks !
THANKS FOR THAT. YOU ALSO MIGHT LIKE TO READ THE BOTTOM OF THE PAGE (/URL removed/) ... AFTER GIVING FAIR WARNING AND ALL THE REASONS WHY A LAWSUIT AGAINST [redacted] IS SILLY:
Comment: I Know the CDA (Communications Decency Act, 47 U.S.C. § 230) Protects [redacted], But I Am Going to Sue Anyway!
If you have read all of the above information and still want to file a lawsuit against us, there are some other points you need to know.
First, Rule 11 of the Federal Rules of Civil Procedure, and each state court's rules, generally require that all pleadings, including initial Complaints, must be presented in good faith, after a reasonable investigation into the facts and the law, and not made for an improper purpose such as harassment. What this means in plain English is that if you file a lawsuit which you know contains false claims, or if you sue without first conducting a reasonable investigation as to the law as it may pertain to the facts of your case (such as determining the identity of the author of the report(s) you are concerned about), you and/or your attorney can be subject to serious sanctions at the judge's discretion. Many who have sued settled with us and some have paid some or all of our attorney's fees. Other times we have defended the cases for years running up large legal bills for both sides. Either way, we never paid out a dime in settlement or damages to anyone who has sued us.
In addition to penalties a judge may issue, those who would threaten us need to be aware of another law which imposes civil liability on anyone who files a frivolous lawsuit. This claim is known as "wrongful use of civil proceedings" and it is defined by § 674 of the Restatement (Second) of Torts as follows:
(a) he acts without probable cause, and primarily for a purpose other than that of securing the proper adjudication of the claim in which the proceedings are based, and
(b) except when they are ex parte, the proceedings have terminated in favor of the person against whom they are brought.
Because [redacted] is immune from liability under the CDA for defamation-based and related claims, any suit that seeks to impose liability for the speech of our users is, by definition, an action brought "without probable cause". We encourage the prompt and fair resolution of disputes between [redacted] authors and those who are the subject of [redacted]s. However, [redacted] wants to be clear that it accepts no liability for the speech of its users, and it will vigorously defend any litigation brought against us which seeks to circumvent the CDA. In addition, any suit filed against us without probable cause may subject the complaining party and/or their attorneys to liability in the State of Arizona for wrongful use of civil proceedings. We don't mean to sound harsh, but if you knowingly file a frivolous lawsuit against us, regardless of where your case is filed, you and/or your lawyers can be subject to a lawsuit in Arizona in which a jury could, if appropriate, award both substantial compensatory and punitive damages against you.
Finally, you need to be aware that if you file a lawsuit simply to harass us, not only will this not work, it will very likely end up being EXTREMELY expensive for you. Due to the number of meritless cases we have had to defend, [redacted] has adopted a very strict policy about lawsuits -- once [redacted] is forced to appear in a case, it will not stipulate to a dismissal of the case unless the party who filed the action agrees to pay [redacted]'s attorney fees. There will be no exceptions. If you conduct a thorough investigation BEFORE you sue and you believe you have a valid case despite the CDA, it is your right to pursue your case and prove it in court. However, once you file a lawsuit, be prepared to either take it all the way to a decision on the merits or pay [redacted]'s attorney fees because [redacted] will not stipulate to a dismissal without compensation.
Terri - great question. It's highly unlikely that [redacted] will release the information and will also fight the lawsuit with the typical zeal they are famous for. Pushing this to a "higher level" as Lance Puig has done will only increase pressure on him and cost legal fees (money he could be using to pay people).
It's really a rather silly effort. There are over 1000 readers, with over 7000 hits on the complaintsboard blog now. It appears that many people are making comments on numbers of other websites + other real estate fraud websites are beginning to reference this case on their sites. Does Lance Puig really believe he can "quash" the huge number of victims from speaking freely on every website in the US (and world)? If so, then he's a lot less intelligent than even this group gives him credit for.
His disagreeable efforts only increase the level of complaints voiced and written. Agreeable efforts on his part - REAL ONES, BACKED WITH REAL MONEY - is the only way to get what he wants.
Great job by all who have or will send letters to the attorney! That list of claims that Lance Puig made is amazing... he's actually refuting that; he's been robbing Peter to pay Paul, he's paid all legitimate debts, hasn't frustrated debtors, his remodeling isn't substandard, investors haven't lost money or credit, houses have been lost to repossession, vacant properties are in poor condition, his repair and reimbursement system is substandard and York Street Properties investments are unreliable?
Semantics... and a vision that's purely the fantasy of Lance Puig's mind.
Chin - all investors should be as thorough as your firm. Perhaps there would be far fewer unscrupulous operators in business.
As you may know, this Group has approached numbers of citizen action committee's, media and other victims groups. One of there is called TexasVox "The Voice of Public Citizen in Texas": http://texasvox.org/. It's a good group doing meaningful things for Texans.
Tonight they're having a "hoe-down" at the Barr Mansion in Austin. If you're close you might like to stop by. See you there!
MOTION TO COMPEL RELEASE OF NAMES OF ONLINE AUTHORS DENIED.
Lance Puig has been telling everybody that "his lawyers" will take care of the authors on sites like /link removed/ complaintsboard.com and others... yeah right ! When facts are published why would the courts side with a cheap tactic put together by York Street Properties?
In a decision dated November 18th, 2009 the Honorable Edward O. Burke of the Maricopa County Superior Court stated "Plaintiffs' Motion to Compel Third-Party to Disclose Identity of John Doe is DENIED IN ITS ENTIRETY". CV [protected].
Lance you lost and this is a sign of things to come for you. The sad part is that you used other peoples money to file this lawsuit rather than just dealing with people openly and honestly. Your efforts to hurt people that say negative (and true) things about you is not the honorable approach to solve your problems. Paying people the money you owe them is !
Our "hats are off" to David Gingras and /link removed/ - they fought for our 1st amendment rights and won!
Bankruptcy of York Street Properties will not protect the personal assets of Lance Puig when Mortgage Fraud and other acts of fraud are proven.
To all vendors and ex-employees: Please send proof of fraud to: yspvictims@gmail.com
This is a great way to get the ball rolling again. Lance Puig has performed criminal acts and deserves to have his ill-hearted actions follow him for a lifetime. We are here to see that it does, no matter where he is.
The complaint has been investigated and resolved to the customer’s satisfaction.
What do you suggest for us investors that live out of state. We don't have the option to go camp out and harass him until he gives us the money. Email and phone is pretty much all I can do. I can't even afford to hire an attorney at this point unless several of us went in together and got a class action lawsuit.
Thanks CC - looks like I'll be bringing my buddies, some carpet to sleep on and a rod & reel to fish out some cash while I'm at it! :-)
FOR BEST CARPET DALLAS,
a) 100 Crescent Court is a bogus address - I've been there too
b) 10810 Bushire Drive, Dallas is Lance Puig's home address. Edith is the unfortunate wife. 2 kids.
c) 3424 Gillespie, Dallas appears to be a family investment of some sort. Perhaps it can be attached.
d) Holly Puig is the mother. Serving her may prove interesting - she also works for Lance part time.
Collectors need to just "camp out" at Lance's residence and be "courteously aggressive". This was the only thing that worked for another contractor friend of mine - he managed to get some money. As mentioned in an early post, Lance hides-out when process servers arrive and has his wife and kids do the same. Lot of guts this guy has! He won't deal with creditors or take any steps to solve his dishonest acts - would rather have his family hideout! Disgusting ! GOOD LUCK & PLEASE LET US KNOW HOW YOU DO !
I was rolling on the floor laughing when I read this google search on York Street Properties today. Perhaps Lance Puig's fairy godmother is going to bail him out? :-) :-) :-) :-) :-) :-) ... you think she might get our credit and money back too?
York Street Properties Inc. Remains Strong Despite the Economic Crisis
1 Sep 2009 ... York Street Properties Inc. Remains Strong Despite the Economic Crisis. In the face of the current global economic conditions, when the rest ...
Hello Fellow Victims of York Street Properties and Lance Puig,
While we would hardly give Lance Puig credit for being a Bernie Madoff, fellow members who have written to yspvictims@gmail.com have suggested that we contact the folks at http://bernardmadoffvictims.org/ for support. While Lance Puig's Ponzie Scam is not stock related the website owners have graciously agreed to help us put an end to Lance Puig's classic real estate ponzie scam through grants and publicity channels they have at their disposal.
It is requested that victims of Lance Puig, York Street Properties, York Street Homes and the various other corporations/LLC's write a story detailing their experiences. Please send to yspvictims@gmail.com, we will package these stories together and forward them to bernardmadoffvictims.org for review and action. Please also note that they may assist with legal assistance as well.
Best Regards,
Bill Hunt
I agree - there seems to be a number of fabricated contractors that make positive postings. I've been at many of the York Street Properties houses and always make it a point to talk with the contractors and sub-contractors. IF Karen Gomez is real, she will send you a copy of her contractors license.
In ALL my discussions with contractors, either they weren't getting paid. A standard line for York Street Properties is "we need to get this house remodeled, appraised and sold to get money so we can pay you" - so like a team player the contractors have paid for supplies, paid their workers and finished the job... However, Lance Puig does not pay them or pays them a fraction of what's promised. Sooner or later the contractors leave or don't get any more work because they want payment.
The history of screwing contractors is painfully real and HISTORY DOES REPEAT ITSELF in the case of York Street Properties.
Fake contractors, York Street employees, Lance Puig - whoever you are - your postings are amusing but dishonest. WHY DON'T YOU SPEND THE TIME WRITING CHECKS TO THE PEOPLE YOU OWE MONEY TO RATHER THAN WRITING THIS BS?
Karen, your posting is dubious at best. Please send a copy of your contractors license to: yspvictims@gmail.com.
Wow, I can’t believe the comments written here. How come many of the people commenting here are not writing their real names? Why do they have to keep it anonymous? It sounds like someone is out to get Lance Puig and his company and whoever that person is, is really doing a very good job at it.
My name is Karen Gomez and I am a general contractor based in Dallas. I have worked with Lance for three years now (since 2006) and he has always been a nice guy to deal with. He is pleasant and even gives me good advice about business and personal concerns. If the allegations are true (which I really doubt), then I am lucky to have always been paid on time. I not only consider him a client but a very good business man. I don’t know where all the other accusations are coming from. But based on my experience with him and his company, they always make sure that the house repairs are done right and that I get the payment that is due me and my company.
More power to Lance Puig and York Street Properties!
Hi Fellow "YSP Victim".
As we all know, Lance Puig and York Street Properties failed to pay mortgages. We also know that he collected rents and did not forward them to the investors or the lenders (banks, mortgage companies, etc). As a direct result of these actions many properties were foreclosed on.
Typically, DEUTSCHE BANK NATIONAL TRUST COMPANY, did not serve as a single lender for residential properties in the United States (they're a Germany financial institute with worldwide companies and branches).
However, they have been purchasing large amounts of properties that were foreclosed on in the United States - principally at auction. I don't know the specific details of this property, but if it's similar to other investors properties, the bank foreclosed on the house and then sold it at auction, where Deutche Bank National Trust purchased it (and put in REO status).
There is certainty that Lance Puig has hidden assets, however, you might be giving him too much credit for stashing 400 houses :-).
Keep up the GREAT investigations - it helps us all !
Here's a couple of links to give some credibility to my thoughts on the subject:
http://www.db.com/usa/ and http://www.db.com/index_e.htm
I did some research of my own and found if you go to whitepages.com and type in Lance Puig it gives you an address of 903 Trellis Cir Garland, TX [protected]. If you go to the Dallas tax records and type in the address of 903 Trellis Cir
Garland, TX [protected] it brings up 400 properties that have been recently put into a trust called DEUTSCHE BK NATL TRUST CO . If you just type in Deutsche it will bring up all 400 records. Apparently he is trying to protect his properties by putting them into a trust fund so they can't be touched. Either these are his dad's properties or these are his. Whosever they are they are worth millions and millions of dollars. I found this to be very interesting.
I am very happy to have been told about this group. I provide carpet, padding and linoleum to the installers of York Street Properties. I have a balance of over $30, 000 on the books right now and need some satisfaction.
I've gone to the offices at 100 Crescent Court, Suite 700 - it's nothing more than a mailbox drop shared by 100's in a fancy building. My calls at York Street Properties go ignored as do my calls to Lance Puig and emails to anybody I can think of. A while back I was told the accountant lived in the Philippines and didn't have a phone! - Can you imagine !
My only recourse is to have papers served, but I NEED SOME HELP sorting out the correct address. Can anybody help me? I found the following through online searches - is any one of them correct or are there others I should be using:
Lance Winston Puig
10810 Bushire Drive, Dallas 75229 (primary residence?)
Edith Eklund Puig (wife?)
10810 Bushire Drive, Dallas 75229 (primary residence?)
Dr. Arthur Winston Puig (father?)
1900 North Oregon Street Suite 120, El Paso [protected]
Arthur Winston Puig, Jason C. Puig, Sherry Goehring Puig, Winston W. Puig, Villa Puig (family address?)
3424 Gillespie St, Dallas 75219
Holly Puig (mother?)
3516 Northhaven Rd, Dallas [protected]
You might like to go to DCAD and do a lookup with the last name "Puig". There is interesting family assets listed there. It also shows that 7944 Jacobie Blvd, Dallas ($58k) is owned by Lance Puig, along with the Bushire address (above) which is valued at $474k.
http://www.dallascad.org/SearchOwner.aspx
Concerned Contractor & Reidar Klaumann,
You have both made excellent points.
Preliminary findings from our legal counsel indicate several "action paths" will be needed to record and pursue all complaints and defendants.
Proactive resolution attempts by Lance Puig may be helpful for all parties concerned.
Interesting idea Concerned Contractor. How would this help:
a) INVESTORS with huge unpaid mortgage payments, houses in foreclosure and ruined credit reports?
b) BANKS/LENDERS with more toxic assets added to their inventory?
c) TENANTS who have lost their homes or are living in sub-standard, unrepaired homes?
I have been watching this complaint board with much interest. I'm a vendor that is owed a 5-digit figure by Lance Puig and York Street Properties. I will make this an anonymous post, as I'm still hoping to be paid and doubt that will ever happen if Lance found out that I posted here (I'm sure there are others like me watching this website too). Perhaps I will never be paid and I am thankful for a group I can learn from and turn to in the event I lose hope. It looks like there is about 80 members here.
Since members of this group also includes Lance Puig and Lance Puig supporters/employees, I have a question for you:
If your business plan can work (rather than being the product of lies and fraud), why don't you negotiate with all the people you owe money to in good faith? Why don't you get a responsible person that can appreciate both sides of the story and openly propose a resolution that is workable for both sides?
Smart, honest and reputable CEO's find creative solutions. They also keep their friends close, but their enemies closer.
That's my well thought out 2 cents worth. Thanks to all that are writing and the moderators for the legal information. Keep it coming!
York Street Damaged ... excellent information, Thank You !
Here's a weblink: http://www.dallascad.org/SearchOwner.aspx
There are 25 properties registered to that particular LLC
Check out Dallas County Appraisal District website; and enter Bradshaw Green 27 LLC.
That's where Puig hides his houses!
YSP Beware. In response to your questions you had below are my answers.
Did you have to sign a 2nd mortgage - no I didn't but when I bought these properties a little over a year ago I go all 90% of financing through the bank but around March/April last year I tried to buy more properties and thank God that I didn't. It was a blessing in disguise. They tried to get me to do a 2nd mortgage because the banks were getting stricter on their loans and wouldn't loan the whole 90%. I couldn't get the 2nd mortgages so I lost these deals on 9 other houses. I also did try this on another house through someone that worked at York Street and left and went out on his own and he took me for $5000 and we never closed on the house. I never saw my money again after that.
Do you think the appraisers were in on the scam - I most certainly do. The houses were probably all done by the same appraiser and where way to high considering the market. I live out of state so didn't know they were inflated. I thought they seemed like a good deal compared to where I live. I spoke to an attorney a couple of months ago and he looked at the appraisals for me and said he even feels like they were appraised way above what they were worth.
Have you been able to sell your properties - no, I have tried talking with a few real estate agents and when I let them know what kind of bind I was in they didn't want to work with me. I tried to get Lance to buy these back but he wouldn't talk to me about it. He said he would but broke 2 appointments to try to get this done. He did get the deeds back in his name for another investor I know but didn't pay her for them. Don't let him do this for you. Now she can't sell them because the deeds aren't in her name. I have a person who is trying to short sale these for me but I have one scheduled for foreclosure on Tues. Sept. 1st and another one on Nov. 3rd. I'm not sure the short sale will go through. I did have an TX attorney tell me if you short sale per TX law the banks can't come after you for a deficiency judgement but they can in a foreclosure.
Have you been able to get your tenants away from York Street - when all this happened with YSP keeping my rent for tenants that paid in April and May I sent letters in May to my tenants addresses since I didn't know their names. I gave them my phone number and had them contact me. They attorney also told me to send a letter to YSP telling them that you no longer want them to manage the property for you and that you would be taking this over. I did this and managed the properties myself but now the person doing the shortsale is managing these for me.
I also feel like that maybe the inspectors were in on this to. From talking with the tenants I don't see how some stuff passed inspection to begin with. Stuff that should have been made to have been fixed and if it was truly inspected they would have know it didn't work right. For instance, one tenant said there is no exhaust for the stove going outside. When they cook they who kitchen smokes up. Also, there was stuff that was supposed to be repaired before I ever bought the house and pictures prove it was never fixed like the report I have that says it would be. For instance, broken driveways and fences.
YSP employees
You think that Lance is nice but sooner or later you will see the real side of him that the rest of us have. Of course he is going to pay you and make you think everything is okay so you can continue his scam for him. You don't realize you are helping him destroy good, innocent people. Lance likes to prey on the innocent and will do whatever it takes for him to make money for himself. These are not lies. I have proof and pictures of one of my houses that shows repairs that was never fixed. I have emails to York Street asking to fix these. I can prove everything that most of us have put on here because all our stories are pretty much the same. Also, haven't you noticed how he can't keep employees along for very long. Especially if they start to know too much. I would start having problems and would try to get to the bottom of them and all of a sudden that person didn't work there anymore. He is very deceitful and can make anyone believe he is a really good person.
I'm praying for all of you investors that help will come to us soon before it's too late.
Hello to all members of the "York Street Properties Victims Group". I am a paralegal that has been contracted by the moderator(s) of: Lance Puig + York Street Properties — False Representations + Payment Scam . I am tasked with addressing some of the numerous questions being posed to: yspvictims@gmail.com. I am aware that an attorney is reviewing the case, however, I AM NOT affiliated with that law firm. Further, the information provided below is purely for informational purposes and should not be construed as legal advice. Legal information is not the same as legal advice. It is my understanding that a mailing list is being prepared for this group in the event that a legal filing is made, information is distributed privately, etc. You may send a request to the moderator(s) at yspvictims@gmail.com to obtain further information on how to qualify for that mailing list. I hope you find this information useful.
CORPORATE CRIMINAL RESPONSIBILITY - HISTORY, AMERICAN STANDARDS OF CORPORATE CRIMINAL LIABILITY, CRITIQUE OF CORPORATE CRIMINAL LIABILITY, PROCEDURAL RIGHTS OF CORPORATE DEFENDANTS
http://law.jrank.org/pages/751/Corporate-Criminal-Responsibility.html
Credit: Pamela H. Bucy
POLITICS AND THE NEW ENTHUSIASM FOR HOLDING CORPORATIONS and its officers RESPONSIBLE IN CIVIL/CRIMINAL COURTS
http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20020629/bush_worldcom_enron_020629?s_name=Autos&no_ads=
Credit: Associated Press
PIERCING THE CORPORATE VEIL - definition - legal
v – a legal concept that separates the personality of a corporation from the personalities of its stockholders (shareholders), and protects them from being personally liable for the firm's debts and other obligations. This protection, however, is not ironclad or impenetrable. Where a court determines that a firm's business was not conducted in accordance with the provisions of corporate-legislation (or that it was just a facade for illegal activities) it may hold the stockholders personally liable for the firm's obligations under the legal concept of 'lifting (or piercing) the corporate veil.'
Credit: http://www.businessdictionary.com/definition/corporate-veil.html
WHAT IS A CRIMINAL CORPORATION?
http://www.maximizemgt.com/what-is-a-criminal-corporation.htm
Credit: Our thanks to this article's author, Leanne Siegfried of Cobb & Cole, P.A. This Corporate Governance Article is published with permission. Cobb & Cole, P.A. is a prestigious regional law firm practicing in Central Florida since 1925. Cobb & Cole, P.A.
WHAT IS THE RCO DOCTORINE?
The responsible corporate officer (RCO) doctrine holds that a corporate officer is indirectly liable for a subordinate's criminal conduct when the officer is in a position of responsibility. The officer can be prosecuted if he has the authority and the ability to stop the offense and yet fails to act.
The RCO doctrine does not require proof that the officer either participated in or authorized the crime.
http://www.lorandoslaw.com/CM/Custom/Corporate-FAQ.asp
Credit: © 2009 by Lorandos & Associates. All rights reserved. http://www.lorandoslaw.com/
IN THE EVENT OF BANKRUPTCY, WILL MY DEBT BE DISCHARGED OR WILL CRIMINAL PROCEEDINGS BE DROPPED OR PREVENTED?
The Easy answer to both of those questions is “no”. A quick education on bankruptcy situations can be found here.
http://bankruptcy.lawyers.com/commercial-bankruptcy/Business-Bankruptcy-FAQ.html
Credit: http://www.lawyers.com/
For all the users who have written positive reviews for YSP there is a genuine person here Edgar who has been ripped off by YSP if you are legitimate please try to help Edgar get his money back from Lance Puig and YSP
http://us.ripoffrecount.com/2009/08/lawn-care-service-york-street-homes/
I find the comments on this blog endorsing YSP rather amusing. It's oddly coincidental how all of them repeatedly claim that YSP "puts food on my table", rather mysterious if you ask me how they are all using the same language...
I also find it odd that these purported "contractors" that have actually been paid would be so quick to respond to these blog comments (within hours). If you were completely satisfied with your relationship with YSP, why would you be searching a complaints board online for them? Or googling "york street properties fraud" to bring you to to such a page as this. Wouldn't you be out actually looking for business?
I am yet another investor that has been scammed on a handful of properties by YSP. I still haven't seen a dime in rents from my tenants, and can't get Mr. Puig or any of his cronies on the phone, or get any issues whatsoever resolved.
I have a few questions for some of the other investors out there that have the misfortune of being involved with this place.
1. Have you been able to sell your properties at all to get out of the deal?
2. Have you found that your appraisal values are accurate? As such, if you were to sell your properties based on the appraised value, would they reasonably fetch that price? Or, are the appraisals inflated, and perhaps the appraiser was in on the scam too?
3. Have you signed the "second mortgages" aka liens associated with all of these deals? How binding are those agreements?
4. Have you been able to wrangle your tenants away from YSP at all? And if so, how have you done that? I don't want any more of my rent money going to YSP, and all rents owed (if indeed tenants actually exist). How have you handled this with tenants?
Thank you all, and for those who really see this place for what it is, please keep posting. It's nice to know there are growing number of people out there exposing YSP for what it really is.
“I am a current vendor of YSP and have been since December of 2008. I went to YSP to try and collect for a job that I was hired to do by a contractor at one of their properties. I was informed that they had paid the contractor in full for that job.
It was then that I offered my services to YSP and was given the opportunity to do their HVAC work, I have done it since. A $1, 700 loss turned into over $30, 000 in business since I started with YSP, which by the way has all been paid to me.”
Amigo Air – [protected]
*quoted with authorization from the vendor, GET THE FACTS! willing to take your call, he is licensed in the state of Texas.
I have been working for Yorkstreet for almost 2 years and if Lance does not pay on time and gives awesome bonuses, i will not be here that long. I wonder where all these complaints are coming from, they are so untrue. Lance got a big heart in helping people not just his service providers but to all his clients. He's been constantly planning and working on making things better for everyone.
I will never be able to feed and support my Family if not for Mr. Puig, he has made our lives easier. this company does not only make things happen for the Americans, it also gives people from across the globe a better life.
For all of you rent-to-own tenants and to address the www.yorkstreetproperties.com website. This only the final nail in the coffin for Lance Puig, but not a single home has been registered for sale as a result of this website and his claims. I factored this into my decision making process when I declined any offer to invest money.
Here's part of an article on the scam. You can read the entire article at: http://www.ownyourhome.com.au/Resources/post/Rent-To-Own-Scams.aspx
Rent to own scams are false opportunities shown by a few unscrupulous real estate cons with the intention of stealing people’s money as well as their dreams. Weak real estate market conditions and increasing growth for rent to own option creates more opportunities for scams. It is the greed for making fast money that has resulted in rent to own scams. In the real estate market, there is growing demand for this system and there could be various reasons to this. Today there are many people who have problems in getting finance from banks or lending institutions on account of insufficient deposit balance or poor credit history. At the same time small businessmen or traders as well as new immigrants have difficulty in getting loans from financial institutions. So people tend to get very desperate or frustrated and prefer the easier route like the rent to own or lease option system.
Thank you to Dallas Investor, the readers and qualified email respondents who posed the Ponzie Scam question.
It's very interesting - and applicable
I have worked for Lance for a year now. He never fails to pay me. This job helps keep food on the table for my family and I know it does the same for our vendors. My husband was laid off several months ago and has had difficulty finding work since the February of this year, this job has kept our family afloat providing for food and bills.
vb
I was here researching another client whom I was getting ready to sign a contract with when I ran across this post on York Street Properties, a company that I have been doing business with for almost two years. I object to much of the negative commentary as it is contrary to my personal experience with York Street. My contract with York Street has always been honored and handled in a professional manner. My invoices have always been paid in full and in a timely manner. Having had the opportunity to interface with many of his investors, tenants and purchasers of his properties I can say with confidence that there are exponentially more satisfied customers than this post alludes to. York Street has been very good to me and has helped numerous people become first-time home buyers and/or successful investors. I normally choose not to participate in these types of conversations, however in this case I feel it is warranted as again my experience has been nothing but positive and I think it is good that everybody understand there are always two sides to every story.
I have been a vendor to YSP for the last 9 months; Lance Puig has allowed me to provide for my family.
I take much pride in saying I work for him, he has not failed to pay me for my rendered work, and also has allowed me to meet wonderful people.
Worldwide economy is bad, non the less Mr. Puig is keeping me and my co-workers employed at a very very good pay scale.
All these comments that people have placed have not discouraged me in my work, but rather renovated my desire to work even harder.
AC
I agree as well... I was a renter, and suppose to be a potential buyer and they gave me so much run around, until I just packed my things and my children up and left. their property. they do not want to fix anything- while your renting, the house was infested with termites, I even offered to pay half for the treatment, they would say that they are sending someone and never did... the stove didn't work, there were wholes in the walls coverd up by paint bloches... I know that my crdit is not the best, but I do deserve a nice place to raise my children.. I regret ever being apart of YORK STREET Properties...
Felicia Davis
Dallas, Texas
I have been a vendor with York Street Properties for the last four years. I have always been paid on time for all services that I've performed. I feel that the personnel working within the company have always been upfront and honest with me. When I went to the owner of the company urgently needing a pay advance on an upcoming job he needed me for due to a medical issue in the family, he did it. I'm self-employed; therefore, I have numerous clients. More often then not with this economy, I've seen a delay in pay with nearly all of my clients. York Street Properties has been diligent on making sure I am paid in a timely manner.
THIS IS A RE-POSTING (for your convenience) - POSTED BY "REAL ESTATE PILOT" HERE:
York Street Homes/Lance Puig — Real Estate Scam
QUOTE...
York Street Homes/Lance Puig
Posted: 2009-08-26 by Real Estate Pilot
Real Estate Scam
Complaint Rating: 50 % with 2 votes
Company information:
York Street, York Street Properties
100 Crescent Court, 7th Floor, Dallas, TX 75201
United States
Phone: [protected]
yorkstreetproperties.com
I was completely SCAMMED by York Street Properties. I am a real estate investor who purchased 6 homes from them that were sold to me as being completely rehabbed. They showed pictures of examples of the kinds of rehabs they do and listed out all the details. Long story short, when they wouldn't pay me the rents due me as my property manager, I investigated and went to Dallas. Every one of my homes were in complete disrepair and some of them are going to cost me $20, 000 - $40, 000 to repair. They just painted and put cheap carpet in to make them look nice and covered up all the problems. In one house the kitchen cupboards have fallen off the wall because they screwed them into sheetrock instead of studs!
They also SCAMMED my tenants. One of the things I discovered is that York St. told the tenants that they could buy the houses in 5 months and gave them a signed contract. They did not disclose this to me as the investor! I interviewed all 6 of my tenants and they all told me they had experienced the same nightmare with York Street.
- House wasn't ready on the move-in date.
- Some of them moved from house to house until their house was ready.
-York Street never does what it promises to do.
- When repairs are finally made, they are made by unlicensed, unskilled cheap labor.
- Repairs must be done again becuase they aren't done correctly or cause more problems.
- Takes hours of trying to phone them before they reach a live person.
Some other things they did:
- Before closing, sent me falsified documents with higher rent amounts than the actual amount on the lease.
- Told me the properties were all leased and cash flowing when they weren't.
- Have not paid me security deposits and rents due me since June. They only partially paid.
- Lance Puig is the President and when I had a phone conference with him he assured me he would get all matters resolved and to date has not.
- They gave the tenants a "one year warranty" and then had the tenants pay for the repairs instead of their rent, therefore I didn't get the rent as the owner/investor.
The worst story ever...
I got a call from people trying to move into my house that York St. had told me was leased. These people were in a panic becuase they had paid York St. $1150 in June as a deposit to get the house cleaned, repaired.They went into office York St. on July 15th and paid their pro-rated rent for the rest of the month and went to move in and the house was red-tagged by the city with over 16 items that had to be repaired before they could move in. There was dog POOP all over the living room carpet and the house was in total disrepair and filthy. These poor tenants were panicking becuase they had to get their stuff out of storage and had no place to move to. When they finally got through to York St. on the phone they were told that they no longer managed the property and that I was the new owner. (I had fired them as the property managers in the end of June becuase they refused to pay my rents to me.) What they failed to do was inform me that the copy of the lease they had given to me for that house was no longer valid and that the house was vacant and that they had re-leased the home to these folks that would be moving in on July 15th. AND, they took the money from them on July 15th even though they weren't the property manager anymore.
Don't BUY from York Street as an investor!
Don't RENT from YOrk Street either!
Their website for potential lease-to-owner's is http://www.yorkstreethomes.com/
...UNQUOTE
Directed at YSP I am one of those people you claim YSP helps dreams come true. Dealing with YSP was a total and complete nightmare and if it every comes up on my credit you can rest assured I will find ways to make everyone know how shady YSP truly is. They make everything seem legit up front and willing to work with special situations. I was a single mother trying to get away from an abusive relationship asap and YSP was extremely willing to help me. But they got me in a house, would not fix a thing allowed me to "lease" then made it so that I couldn't even get the utilities in my own name and suddenly tried to raise my rent to some ungodly figure and tried to keep me bound to that lease with no utilities turned on and not to mention I was pregnant with house that the homeless wouldn't want. YSP is a horrible company and I pray that those who set to take advantage of others reeps what they are sowing. Everyone there has a play in doing dirt and that lovely bonus makes you think you are actually doing people a favor and you look the other way.
Brenda - the IP picked-up in your complaintboard.com registration was from the Philippines, not Dallas! Better luck next time with this continued feast of deception.
It appears that Lance Puig now knows this posting is here and he's mobilized "the troops".
The facts are here and we all know it. It's a darn shame that the financial hardships and sorrows inflicted on investors, service providers and other good, hard working people in the United States may now have an effect on the employees of York Street Properties in the Philippines. Here, in the United States, many have lost their livelihoods, homes, cars, assets and even marriages over Lance Puig's mis-deeds. It now appears the sadness, for all concerned, is international. You might like to start looking for new jobs to prepare yourself - that warning is more than many people got, so at least you have a chance to start over before the end is a surprise.
URGENT I am a Dallas based General Contractor and have worked with York Street Properties and Lance Puig for over 5 years. I am proud of the work I have done on these houses. I am personally offended by the above comments that my product is sub-par ….or that York delivers properties that are sub standard. I spend a lot of my personal time making sure that the work I do is top quality!
The design (trim, paint, fixtures, countertops, etc) are MUCH better than average for the neighborhoods. I don’t know anyone else for example who puts all stainless appliances in these rentals. I can guarantee you that the tenants (and I have seen this over and over) don’t expect this when they walk in….and they fall in love with my work instantly.
I have found York to be very organized and always finding new ways to make a better product for the tenants.
Unlike the other negative posts here….I am going to leave my REAL NAME. I have nothing to hide (unlike others who are taking pot shots at York).
Brenda Alvarez
General Contractor
Dallas, TX
I have been a vendor for YSP since 2007 and my experience has been very positive. Even during the tough economic situation that the world is going through Lance Puig has honored his commitment with me and has always paid me on time. I also know that he is a fair and reasonable person and that there are many people, as I am, happy to working with him. He has given numerous opportunities to others to make money and it is sad to see so many lies, without any proof, being written here.
I have 5 month old baby, an elderly parents and siblings to support. Doing business with york street for almost year now, Mr. Puig Never failed to pay me on time. Almost a year now working in York street has been a life saver not only to me but also to my family.
That is is why it is hard for me to believe all the bad thing they are saying to the company and to Mr. Puig, it is so unfair and biased especially when you know first hand it is
not true and exaggerated.
CS YSP
I have been working for YSP for almost 2 years now. Before YSP I been dealing with a lot of outsource company and most of them don't pay and if ever they do the salary is really low. We are getting a lot of bonuses here and YSP is very generous to us. So I was shocked when someone is saying that YSP is not paying - that is so untrue. There might be a delay for other vendors cause there is a process they need to follow before releasing money but they still get their pay.
Without YSP I will not be able to support my Family. We are 8 kids in the family and imagine how YSP can help me to survive our everyday expenses. We help people we make their dreams happen it cannot happen overnight but still we make it happen.
I am not saying all these because I am working for YSP, I am saying this because this is really what is happening. Almost every day I talk to Lance, I can see how he wants to make things better for other people. I know his intentions are all good… he also have a family don’t forget that. He cannot please everyone here but he doesn’t deserve all this bad comments. If you have problems with YSP it’s much better to talk to us and solve the issue than spreading false accusation.
BM
ItsZep, I believe that you can file a lien on any property prior to formal foreclosure. Intuition says you should do this very quickly.
I know there is work being done behind the scenes already, but perhaps we should also open up the topic of criminal proceedings being filed against Lance Puig? You can bet he's trying to figure out ways to hide behind "corporate veils". However, he can also be help personally and criminally liable according to legal counsel... certainly the State of Texas doesn't want this kind of a character to show-up again, cheat people and with a sad face say "oh, geeee, I failed again - sorry".
PS: I'm just advised that another company used to buy houses was Green Street LLC, though I'm sure there are more. You might like to have a look at all the buying entities if you can.
Dallas CAD is showing these properties still owned by York Street Properties.
Does anyone know if we can get a lean on these properties?
Property Address City Owner Name / Business Name Total Value Type
1 10331 DESDEMONA DR DALLAS YORK STREET PPTIES $81, 240 RESIDENTIAL
2 9228 PINEHAVEN DR DALLAS YORK STREET PPTIES INC $53, 400 RESIDENTIAL
3 901 POINSETTIA DR LANCASTER YORK STREET PPTIES INC $126, 320 RESIDENTIAL
4 9531 BECKLEYVIEW AVE NO TOWN YORK STREET PROPERTIES $39, 190 RESIDENTIAL
5 1602 SPRINGLAKE DR MESQUITE YORK STREET PROPERTIES INC $83, 460 RESIDENTIAL
Here is a link to copy & paste for more info:
http://www.yorkstreetproperties.com/index.php?section=about_us&sub=history
WMurphy since his assets are real properties is it practical to get leans on his properties or the LLC owned properties. It would seem that would place him in a bind when he wants to sell his primary assets? I am not an expert on this, what do you think?