Thursday, April 05, 2007

St. George -- America's Fastest Growing Community

I learned that my town is the fastest growing community in the United States. It is always interesting to receive any "#1" distinction, but I wonder if St. George is handling the growth. According to Yahoo, St. George's median house price for new homes has dropped 48% at 299,900 and the overall median price is still nearly 400,000 -- very pricey for anyone looking for starter homes. Washington County School District cannot attract enough teachers to this county, and from what I understand the fire and police departments are experiencing similar woes respectively. Another subject of irritation for me is the roads and public services in this town, as my visiting brother-in-law put it, "St. George is a big city without the infrastucture."

I wonder what the coming months and years will have for St. George. I have a feeling that they maybe quite painful.

A vast number of locals who have purchased homes recently are in ARM's or negative ammortization loans. I have recently heard many stories of clients who have been approached about predatory lending arrangements, or clients that know people who are in predatory lending arrangements. I had a mortgage officer-client who discovered over 18 of his neighbors had signed into the infamous Franklin Squires ponzai scheme. As a reference, the scheme goes like this: Franklin Squires basically arrange to buy houses at above market prices and give a kickback to the buyer. They then offer (or rather require) for the buyer to invest the borrowed money with their company to keep their ponzai scheme going.

I fear that there may be many foreclosures eminent in this the fastest growing town.

10 comments:

Anonymous said...

"Growth for the sake of growth is the ideology of a cancer cell."

- Ed Abbey

pramahaphil said...

Amen, Ed

Anonymous said...

Please tell us more about this real estate scheme...

Anonymous said...

what a neat blog! I actually live up north in Utah County. I was reasearching the damage Franklin Squires has done to others. I have immediate family members that are one of the founders--and the path that greed greed takes you is a sad one. I hope your friends can find a way out of those loans, and into a standard mortgage. Thanks for letting me jump in.

Robert said...

If you have been a victim of the Franklin Squires or www.FreeCapitalist.com Please contact our offices at Western Capital via email at investigations@mycollector.com
www.FranklinSquiresLawsuit.com

Scot said...

Wow, 18 of his neighbors! What a joke.

Get your facts straight at least about how Equity Mill actually works.

B.T.W. Beware of this "Robert" Paisola and his bogus "Western Capital" company. He likes little boys. Seriously!

CHECK THIS OUT!!!

UNITED STATES COURT OF APPEALS

TENTH CIRCUIT

UNITED STATES OF AMERICA,

Plaintiff - Appellee,

v.

ROBERT HENRY PAISOLA,

Defendant - Appellant.


No. 02-4129

(D.C. No. 2:97-CR-222-W)

(D. Utah)

ORDER AND JUDGMENT(*)

Before SEYMOUR, MURPHY, and O'BRIEN, Circuit Judges.

After examining the briefs and appellate record, this panel has determined unanimously that oral argument would not materially assist the determination of this appeal. See Fed. R. App. P. 34(a)(2); 10th Cir. R. 34.1(G). The case is therefore ordered submitted without oral argument.

Mr. Robert H. Paisola appeals the district court's imposition of a consecutive sentence for a violation of his supervised release. Exercising jurisdiction under 18 U.S.C. § 3742(a) and 28 U.S.C. § 1291, we affirm.

In 1998 Mr. Paisola pled guilty to Possession of Child Pornography in violation of 18 U.S.C. § 2252(a)(4)(B). He was sentenced to eighteen months imprisonment, followed by thirty-six months supervised release. This was to run concurrent with a sentence he was already serving for violating 18 U.S.C. § 1014, False Statement to a Financial Institution (thirty months imprisonment followed by thirty-six months supervised release).(1)

After his release from prison on both offenses,(2) Mr. Paisola admitted to making a false loan application in violation of the terms of his supervised release in the false statement case. He was sentenced to eighteen months imprisonment, followed by eighteen months supervised release. While imprisoned on his revocation in the false statement case, he admitted to violating his supervised release in the child pornography case by making a different false loan application when he was still at large.(3) For this second violation, he received a sentence of sixteen months, followed by eighteen months supervised release. Critically, the district court ordered this sentence to run consecutive to his term of imprisonment in the false statement revocation. At issue in this appeal is the authority of the district court to order a consecutive sentence in a revocation proceeding after having originally imposed a concurrent sentence.

Robert Paisola said...

Hello My Friends,
This is Robert Paisola and the above case in indeed about me. I would ask you to simply visit www.FranklinSquiresLawsuit.com and my foundation on Offender Reform at www.PrisonPartners.net

We as a society can either look and judge at what happened 12 years ago in this case or we can look at the worldwide good that is being done because of these lessons that have been given to us.

You, my friends, must choose. If you really want to learn about the true Robert Paisola, goto www.RobertPaisola.net and YOU be the JUDGE if that is what you choose to do. Either way, I honor your decision.

With Love and Respect,
Robert Paisola
CEO and Director
The Prison Partners Foundation

Robert Paisola said...

The above URL for the foundation is www.PrisonPartners.com

Thanks
Robert Paisola

Anonymous said...

1) Robert Paisola is a hack and a fraudster - just look at his interview on MSNBC re: prisoners and all of the various information about him on the internet.

2) The original blog is based on mis-information. The blogger should get his facts straight before publishing lies as truth.

Anonymous said...

Koerber is a fraudster too. Both he and Paisola have the ability to lie through their teeth.

FS is a ponzi scam. He hasn't paid people since June because the regulators stopped the new money from comming in.