Karen Hanover Commercial Short Sale Course Scam – YOU GOT SUCKERED
By Duncan Wierman on Jun 10, 2010 in Duncan's Opinion, In the News
I hate to say it, but I told you so. This below email just came in from one of my students who did some further investigations:
His Complete Email to Me..
Hi Duncan,
I saw on your blog that you were not supporting Karen Hanover's launch and the overall lack of due diligence. Ha. A couple of months ago I did some due diligence on her after hearing her speak at a conference here in San Diego in January. Your intuition was dead-on.
The "associations" Karen Hanover touts as being a member of CCREA NAIA (and the self storage one SSEI?) are all her own creation. In February she had the balls to create a press release to tout how the CCREA had awarded her real estate course its #1 ranking! I love tenacity and perseverance, but fraud is disgusting and seeing how there are so many dubious characters in this business, it just bugs me.
Anyway I sent an email to Sperry Van Ness's Human Resources department and got back the enclosed email. According to SVN she has never worked there and their attorneys are looking into it. ))) I have not called Marcus & Millichap.
Your points on the blog are so well taken. Everybody signs up and does the birddog routine but the gurus can't or don't want to do all the deals and thus cherry-pick the list. Rick Wheat who with Jeff Kaller are doing their scandalous bird dog system told me back in 2005 when he was Ron Legrand's acquisition head that in that year they looked at over 1100 deals submission and actually closed on 14. So you would have to submit 80 deals of average quality before expecting to do one. I don't think the normal man on the street has put this math together, but you did in your blog and I thank you for getting the word out to the masses.
EXPOSED
Next time you get emails about a new course from a Real Estate Guru, do some digging first. Don't believe everything you hear. YOU BEEN HAD! I hope you can get your money back. Good Luck
Update 13 June 2010:
Seems I upset the apple cart! IF I have stated any incorrect information I will publicly state I was wrong on my blog and apologize here. At this time, I have not received any evidence to the contrary. I am now being threatened by a lawsuit because I provide a medium for people to feedback about the course. The site remains open for rebuttal and other points of view.
I received the following text messages from Karen Hanover asking me to remove the post. What an un-American thing to do! What happened to freedom of speech?
HERE COME THE THREATS.........
Notice now Karen Hanover is trying to turn this around ? She is implying that she is going to file a complaint against me for "Annoying Text Messages" to her, when in fact I was only responding to her UNAUTHORIZED TEXT to me . I never gave her my number. She quotes CA Penal Code which I should now to use to file a complaint against her!
How childish is this woman? Is this who you want to do business with ? I might also throw in for good measure....
She stated to everyone in her LAUNCH WEBINAR, and again to everyone who bought her course that she would partner with you and FUND YOUR DEALS. Then when it came time to ask for funding (by one of my students), she said NO, you have to QUALIFY ! That is NOT partnering ! That is called a LOAN. One more LIE from her .......
Did a background check from public sources of information - Not one commercial deal shows up, BUT 7 foreclosures, and a bunch of tax liens against her...
DOWNLOAD Pages from Karen Hannover Public Knowledge Background Check
To think that she sold 2.2 Million dollars of coaching at her event, and she doesn't have one of her own success stories.. ??? WT ?
Check out my other post about how she put the scam together, AND now she is bragging about going on vacation directly after her bootcamp, leaving her new students to fend for them selves....
Read about the Karen Hanover Commercial Goldrush Coaching Scam Reviewed
UPDATE 8 AUGUST 2010
In case you are interested to know.
To be a CCIM candidate, it doesn't take anything but a smallish check (about $500, for the intro 100 course) to start the CCIM program and become a "candidate". To get the CCIM pin is a different animal entirely. You have to pass the five week long courses, pass the comprehensive five hour exam (given twice a year), document your deal history - $10M generally, and produce a portfolio documenting your deals with canceled checks to verify payment (it's THAT sticky). I have colleagues who have notarized letters from previous employers documenting their experience, inspection deal volume and income with pay stubs/copies of checks. They had to dredge up dozens of canceled check images from their business. They stated becoming a CCIM was very intense.
Why would people trust 30K in coaching to someone who does not have real qualifications or even pass the industry standard test is beyond me.
Here is a link to Karen Bogus Press Release about her qualification, and also a slide in her powerpoint how she is representing herself fraudulently.
Karen Hannover Bogus Award Announcement on PRWeb
http://www.prweb.com/releases/2010/02/prweb3614034.htm
What a joke! - Click on the image to see it LARGE
FALSE CLAIMS ABOUT LICENSED AGENT WITH BOTH COMPANIES
UPDATED 10-11-10 - click on image to see full size
Karen Hanover Exposed - Official
PLEASE BE SURE TO LEAVE YOUR COMMENTS BELOW:
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November 18th, 2010 at 12:52 am
OMG ……. I thought Willow Lakes is being bought for 6.6 mil……………so are you saying that the mortgage of aprox. $30,000 a month not including some type of mortgage insurance because there is NO $ down…….regular insurance and taxes does not seem to have the clientele to make this property work………OMG …OMG…OMG….Hey I have a great idea !!!!! Maybe Karen Hanover can take the homeless friend she brags about helping on facebook and actually give him a place to live before this place with no money down goes back to the bank. Oh well I am sure if this does not work out there will be somebody she can bully,threaten, make fun of and blame on her way to the next SCAMINAR, while she is filming her new SCAM Christmas stocking stuffer video…..(sorry couldn’t help myself)…….
November 18th, 2010 at 1:31 am
Quote from Karen Hanover…………….
“All you need to do a deal is focus.”
Guess you are not in focus here Guru.
Maybe you should focus on the 40+ people Rebecca has put together at the FBI…..Maybe you should focus on the fact you are full of s;’t..and getting peoples ipo’s from this website is a waste of your time because noone is smearing you………..they are stating the facts.
November 18th, 2010 at 4:56 am
Bob, when i see your post ” LAUGHING AS I TYPE”
Kills me!! I am still laughing!! OMG..Feels GOOD! Can’t tell you enogh how much I needed a good laugh. Almost peed my pants! Almost…lol
November 18th, 2010 at 11:04 am
Willow Snakes has a total taxable value of $1,674,500 that come to aprox. $29,000 in taxes a year. Does anyone know the supposed purchase price and how many units ???? Who wouldn’t sell this place for NO MONEY down just to get rid of it.Does not sound according to the statements the previous owner has taken care of it…………Lots of fix up here. Unless of course you are Karen Hanover where you can scream, bully and threaten the tenants with lawsuits like she does everyone else.So maybe then you can take an office there and move all the Corporations you continue to open to this address and not the one you are usuing now
…….
November 18th, 2010 at 11:11 am
Karen Hanover is a JOKE!
this property was sold back in 5/4/2009 for $6,500,000.see details
http://apps.coj.net/pao_propertySearch/Basic/Detail.aspx?RE=1436330000
The ownership is is under LLC that did not file for second year and they are currently inactive LLC based on Sunbiz.org
http://sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=L09000041280&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=WILLOWLAKESAPARTMENTSJACKSONVI&names_filing_type=
November 18th, 2010 at 11:23 am
what will be the name of new ownership be for the records??? can anyone guess
I am thinking …..
Willow Snake Scam LLC??
HMMMM or Maybe
Willow Fake, Fraud LLC???
any suggestion people?
November 18th, 2010 at 11:53 am
@Duncan………..Is this the correct property address of the future KAREN HANOVER purchase….Does not make sense.
November 18th, 2010 at 12:53 pm
@ Debbie
it just shows how much of a dump it is that the new owner wants out in less than a year and he bought for $6,500,000 now selling for $6,600,000. what a bargain not even looking at the #’s:)
The review Duncan put up about the subject, people blogging and posting comments about the willow lakes and quality of life they should be afraid because Karena and her attorney might sue them for Libel, bad faith and dirty Hands…. What a Joke and legal system abusers!
November 18th, 2010 at 1:56 pm
Looks like Willow Snake Apartments has some serious enviromental problems… I am still laughing. Just too funny!! lol lol lol
November 18th, 2010 at 3:04 pm
Why does KH continue to make threats to sue the hired help past and present? is it because she is losing control and it makes her feel better?
KH and you team, you may want to check out the recent news Bernie Madoff’s secretary and another woman were arrested today. It doesn’t sound like the feds are buying the I didn’t know this was a scam !! The goods news, the feds like to try to keep you 500 miles from your home they happen to have a womans prison in california, FCI Dublin[if it was good enough for patty hearst it should be good enough for you] another thing–don’t worry if orange isn’t your color -khaki is a big color of the feds it’s neutral and goes with just about everything!!
November 18th, 2010 at 4:14 pm
@ Karen Hanover is not real…………..
Those are catchy titles……However I wonder what Co. name she will be buying this in…..Might have a few title issues before she even purchases this if she uses one of her Florida Companies.Seems there might be a little prolem ……Can’t wait to see…..
November 19th, 2010 at 12:58 am
I don’t care to look into this Willow Snakes Apartment and waste my time wondering if she baught it or not..Although I have to say the comments on apartmentratings.com is still pretty hysterical to me. But, regardless, KAREN HANOVER is a FRAUD! and it doesn’t matter if she closed on this property….She has HUNDREDS OF VUCTIMS!! She can not cover her ass by doing any deal she can to try and make herself look good. She is still a FRAUD!! Plan and simple!!!
November 19th, 2010 at 12:57 pm
I agree Rebecca……It does not matters at this point if Karen Hanover closes on a property or not. Except for the remaining fasttrackers that will be in for a rude awakening. She will be doing it to make herself look legit. Wow… what a buy the the currant owner is trying to unload this for 6.6 mil when he just bought it for 6.5 mil. but Hanover has this sold already for 9 mil…..What am I missing here…..Does she know how crazy she sounds.DELUSIONAL What happened to her video taking these facttrackers on a ride to this dump…..?
November 19th, 2010 at 2:37 pm
ANY BODY OUT THERE That still wants to pursue their goals to obtain ownership in Multi-Family Property’s, Duncan Wierman introduced me to a man named CHARLES DOBENS and he has been working with me now for a few weeks. I HIGHLY RECOMMEND HIM! He is an attorney and a very successful investor with a huge portfollio and very shrud and knowledgeable in this industry. I have learned and done more with him in this short amount of time then I could go over on this post. I KNOW FOR A FACT HE WILL HELP TAKE ME INTO MY FIRST DEAL!!! NO question in my mind! I am not making ANYTHING for me sharing this. I know that KAREN HANOVER is a FRAUD and has mis-lead alot of wonderful people! CHARLES DOBENS IS THE REAL DEAL! Don’t let what happened with Karen stop you from pursuing your dreams! I can’t say enogh positive things about Charles…I asked him if I could share my experience about him and pass on his number to people that are serios and still want to move forward. After everything we have all gone through with this huge fraud with karen hanover I would never lead you in the wrong direction. I have learned a valuable lesson from karen hanover…DUE DILIGENCE!!! Charles Dobens definently checks out with very high ratings!!! I highly highly recommend him! He is not out solicitating people and is not what some people refur to as a guru. He is an attorney and real professional…He has been a true blessing to me. Call and talk to him at 877-866-4764. If you want to talk to me you can reach me at 714-523-1546. Rebecca
There are no alteritive motives here. I just know what I have been through with Karen Hanover has been a nightmare1 and Charles Dobens lifted me up and has changed my perspective and has really been a true blessing through all of this! his number once again is 877-866-4764.
November 19th, 2010 at 4:34 pm
@ Duncan
Thank you for the article and great that Karen Scamover VA was served and had to remove the stuff. They are all Jokes and involved in a conspiracy of FRAUD.
@Karen Scamover
Your day is coming sooner before you can Imagine scumbag…Thats right you and anyone involved in your FRAUD are lowest SCUM on earth..you keep on thinking civil law suit against you has no meat on it, just keep on hoping like that..Your time is coming soon lowlife. The only one that has dirty hands and is sick minded is you SCUMBAG.
November 19th, 2010 at 5:37 pm
Karen Hanover and all her co-consirators will be pulled in and prosecuted. I have spoken with two other victims that has received calls from JILL DUGGINS asking these people when the were going to wire there money with a sence of urgency on a few occations, with different people…I’m very confident that all the VICTIMS in this FRAUD with KAREN HANOVER will provail and have justice. I am still receiving phone calls from VICTIMS. I didn’t even know that KAREN HANOVER was FRAUDING people from as far back as last year and her fastrack program was called diamond students going for 20k. I just received two calls from that event the day before yesterday. We now have 51 Victims and still counting!!!
November 19th, 2010 at 6:07 pm
ANY BODY OUT THERE That still wants to pursue their goals to obtain ownership in Multi-Family Property’s, Duncan Wierman introduced me to a man named CHARLES DOBENS and he has been working with me now for a few weeks. I HIGHLY RECOMMEND HIM! He is an attorney and a very successful investor with a huge portfollio and very shrud and knowledgeable in this industry. I have learned and done more with him in this short amount of time then I could go over on this post. I KNOW FOR A FACT HE WILL HELP TAKE ME INTO MY FIRST DEAL!!! NO question in my mind! I am not making ANYTHING for me sharing this. I know that KAREN HANOVER is a FRAUD and has mis-lead alot of wonderful people! CHARLES DOBENS IS THE REAL DEAL! Don’t let what happened with Karen stop you from pursuing your dreams! I can’t say enogh positive things about Charles…I asked him if I could share my experience about him and pass on his number to people that are serios and still want to move forward. After everything we have all gone through with this huge fraud with karen hanover I would never lead you in the wrong direction. I have learned a valuable lesson from karen hanover…DUE DILIGENCE!!! Charles Dobens definently checks out with very high ratings!!! I highly highly recommend him! He is not out solicitating people and is not what some people refur to as a guru. He is an attorney and real professional…He has been a true blessing to me. Call and talk to him at 877-866-4764. If you want to talk to me you can reach me at 714-523-1546. Rebecca
There are no alteritive motives here. I just know what I have been through with Karen Hanover has been a nightmare1 and Charles Dobens lifted me up and has changed my perspective and has really been a true blessing through all of this! his number once again is 877-866-4764. You will not be sorry! PROMISE!
November 19th, 2010 at 6:37 pm
well others may be intimidated BUT I AM NOT!!! I JUST GOT SERVED BY KAREN HANOVER!! BRING IT ON LADY!!! I WILL NOT STOP POSTING!! YOU HEAR THAT!!! YOU ARE A FRAUD!! I AM HAPPY! BRING IT ON!!! REBECCA SMITH 714-523-1546.
YOUR ATTORNEY IS OPENING A CAN OF WORMS! AND JUST BRINGING YOU CLOSER TO THE LEGAL SYSTEM!!
November 19th, 2010 at 7:34 pm
@Debbie:
I brought up this possibility with Duncan a few days ago. To flip a property, all you need is a buyer willing to pay more than you are purchasing it for.
Karen Hanover still has some Fastrackers who trust her so surely she wouldn’t hose them, right? What if Karen has convinced her Fastrackers that Willow Lakes is worth $9 million but she can buy it for $6.6 million? All she has to do is then flip it to her Fastrackers, who she has already convinced to pay $9 million for it, and Karen gets a nice flip profit while leaving her Fastrackers stuck with a “C” Class property that they overpaid $9 million for. No muss, no fuss (for Karen) but long-term pain for her Fastrackers.
Just wondering. But surely she wouldn’t stoop that low, would she? Nahhhh!
November 19th, 2010 at 7:55 pm
I am reading over the law suit that I was served with today from KAREN SCAMOVER and I see she has taken bits and pieces from when I had to kiss her ass in the beginning saying anything to her to not fraud me like I was suspecting. But, Karen has bits and pieces and I have all the corrispondance back and forth. I am happy I was served. KAREN HANOVER AND YOUR ATTORNEY. WE HAVE A FEDERAL INVESTIGATION AND EVERYTHING I POST HERE ON THIS BLOG I HAVE PROOF TO STAND ON AND EVERY THING I POST ABOUT YOU ( KAREN HANOVER IS TRUE ) THANK YOU TO KARENS ATTORNEY FOR THE OPPORTUNITY TO STAND AT MY DEFENCE IN THE COURT OF LAW!! I have lots of other VICTIMS that would love to speak as well. CAN WE EXPODITE THIS COURT DATE KAREN?? AN EARLY CHRISTMAS GIFT MAYBE? ARE YOU PAYING YOUR COUNCIL WITH ALL OF THE VICTIMS MONEY TOO? NICE!