From: ehcorp1@lycos.com
Newsgroups: alt.invest.real-estate misc.invest.real-estate alt.real-estate-agents
Subject: Defend yourself  Paul ... you're under attack
Date: 23 Jun 2003 10:32:07 -0700

"Paul Vanasse"  wrote in message news: >Are you saying investors are scum and are taking
> > advantage of the unknowing? 
> Only a low life POS would knock on the door to steal the equity of someone
> who's losing his/her house. 

Not everyone here would kick grandma out on the street for $40K but
then she  failed to meet voluntary obligations so ...  causation
exacts a certain toll.

>Mr. Sheets acts like he's Mother Theresa by
> "helping" these individuals but in reality it's Carpet Bagging. Lets call it
> for what it really is. Look, over the years Ive bought more foreclosures
> than you can shake a stick at (and I still made money on almost every one of
> them), this is because I always did three things:
> 
> 1. I always allowed the seller/owners to keep their dignity and walk away
> with something more than their pride. At the very least FMV minus commission

Wow, you are a generous guy, but why do we all feel that you're being
less than generous with the truth?


> 2. At an auction I NEVER bid on a house that was occupied. Try having a
> little kid looking back at you through the front window of his house while
> the auctioneer is standing on the front steps taking bids.

Hummm ... so when you acquired all those vacant foreclosures at
wholesale prices I'm sure you sent a check to the foreclosed owner for
the Paul-standard-deal of FMV less commissions.  Generally I don't
open image attachments but for you Paul, I'll make an exception when
you post cancelled checks of equity payments to foreclosued owners. 
Being a purely ethical guy, I'm sure you wouldn't make distinction
between an occupying and displaced foreclosed owner.  You pay them
all, right Paul?


> 3. I either created (via zoning or planning) or thought of alternative uses
> for the property that slipped by most. This is where the real money is made,
> not by ambulance chasing some guy out of his lousy $10,000 in equity.

Wait a minute Paul, you're not telling us that you nip some poor
visionless owner for his property then apply your vision and earn
zillions?  That would mean taking advantage of a visionless seller. 
When you buy property from the visionless crowd doesn't FMV mean the
Paul-vision value?  Or are you just a lying piece of crap take
advantage when you can vulture?  BTW, I'm a honest vulture that takes
every legal advantage available.  Why do we all think you do the same
only under cover of self-serving lies?



> The bottom line was, everyone in the transaction came out a winner (winner
> being defined as the best outcome at the time).

See the above comments.  Paul, you keep switching definitions to keep
the mud off but it isn't washing out.  Sorry, but we all see you for
the muck pond  you've been wallowing in.


> Q. what do you get when you drag a $10 bill on a string through a trailer
> park?

My experience is that when I deposit money at the bank they never ask
where it came from ... trailer park or Nob-Hill, it all spends the
same.

Paul, down deep inside you're probably an ok guy.  You've just got to
learn to forgive yourself of all these lies & yarns you keep pawning
off as truth.

Hugs?