Sunday, December 21, 2008

[Message removed for violating bulletin board rules]

Interesting post over on BendBB this past week. Yet another comment by someone that began a chain of events all to familiar:

Smart Creative Solutions said:

What could be smarter or more creative than loaning yourself millions of your clients dollars?

bendbb said:

If you have evidence that someone illegally loaned themselves millions of client dollars give that information to the authorities, but if not I need to remind folks that the public record information posted in this topic doesn't prove any wrongdoing. There may be an innocent explanation for Summit Accommodators's "liquidity problem" so let's wait and see what develops rather than posting innuendos.

Earlier in the thread St Paddy had posted from the County Clerks office this:

TYPE: Deed of Trust / Mortgage CONSIDERATION: $5,000,000 DATE REC: 9/22/2008 8:52:58 AM

DIRECT: NEUMAN, MARK A INDIRECT: INLAND CAPITAL CORP
DIRECT: NEUMAN, JANICE L

SUBDIVISION: AWBREY BUTTE HOMESITES PHASE SEVENTEEN LOT: 22 BLOCK: 6
SUBDIVISION: AWBREY BUTTE HOMESITES PHASE 30 LOT: 7
SUBDIVISION: HIGHLANDS AT BROKEN TOP PHASE 2 LOT: 36


So when bendbb tells people to stop posting "innuendo", there's already a fair bit of PROOF that the principals of Inland & Summit are on the grift. They've already removed $10MM in commingled funds. And so it begins:

Smart Creative Solutions said:

Hold on there Mr. Internet Policeman-- I didn't say it was illegal. As a matter of fact 1031 accommodaters are totally unregulated so there is nothing illegal to report to the authorities.

It is a matter of public record, not innuendo, that both of the principals of Summit Accomodators loaned themselves five million dollars from their company recently and that the security for these "loans" have an RMV that is a fraction of the "loan" amount--smart and creative.


bendbb said:

I'm glad to hear you don't think it was illegal, but your post explicitly said they loaned themselves millions of "clients dollars". That's innuendo, and that needs to stop.
Guest said: Oh pleeeease --there is no innuendo that needs to be stopped. It is undisputed that these loans were made by Island Capitol, the company whose sole purpose was to hold "clients dollars".

On their website they confirm these"clients dollars" are missing

Currently, there are significant funds in the exchange fund accounts maintained by SAI. However, the balances are less than the total amount of all currently open exchanges for Summit Customers.

This isn't an alleged incident--it really happened--the clients money isn't reportedly gone, it is gone.


Panda said:

bendbb you need to put the brakes on. I don't see how any of this discussion crosses any lines. People are offering their opinions as to what is going on here. They have a right, perhaps even an obligation to do that, as there is something very amiss here.

I've had personal dealings with some of these principals and I'd be very worried if I had money in their company.


Panda hits the heart of it right here. I'll put to you that at the heart of any thought suppression is SELFISHNESS. Not caring about anyone but yourself. It's how dictators operate, it's how BendBB operates.

I can offer IRREFUATBLE (rhetorical) proof: If BendB was one of Summit Accomodators clients, and had, AT THIS MOMENT, a transaction that he could not complete because of the CURRENT LIQUIDITY ISSUES, that he'd be about as far away as he could be from his current stance:

"Let's presume INNOCENCE of these grifters despite the fact that we have UTTER PROOF that they have VICIOUSLY VIOLATED THEIR FIDUCIARY DUTIES. No, no. Let's give them another chance. Let's see if they CAN WORK IT OUT. They've DIVERTED $10MM+ to themselves, thencly leaving an untold number of people in the Bernie MADE-OFF-TYPE Lurch of not being able to BUY ANYTHING. Yes. The CORRECT thing to do is GIVE THEM MORE TIME WITH OUR MONEY."

But maybe IHTBYB is Too Cynical? Maybe bendbb is protecting people FROM THEMSELVES. He wll permit No Evil against these Reputable 1031 Exchangers:

Freddi said:

[Message removed for violating bulletin board rules]

Guest said:

[Message removed for violating bulletin board rules]

St Paddy said:

[Message removed for violating bulletin board rules]

Freddi said (again):

[Message removed for violating bulletin board rules]

Then St Paddy posts something I used to exclaim on a regular basis when posting on BendBB, something that hasn't happened in over a year:

WTF did I violate?

bendbb said:

I don't keep track of removed messages. Don't take it personally.

Great thing about this, is there is no one who knows WTF St Paddy even wrote. It's all gone. No personal arbitration of truth, only bendbb's idea of What Truth Is. And so it degenerates into Parsing Every Word so as not to be called LIAR:

Hypothetically Speaking said:
How about if we say hypothetically; In a hypothetical situation like that, could people voice their opinion?
bendbb said:

Hypothetical situations are fine as long as they don't morph into thinly veiled allegations about real people.

Ah yes, there's nothing like a spritzer of Oblique Language to put a spring in your step!

"Thinly veiled accusations"? Really?

So, the posting on the county clerks office Just Doesn't Hold Enough Water? Did you go along with If It Doesn't Fit You Must Acquit? I mean, WTF do you need?

Thickly veiled Hypothesis said:

Thanks for that ruling.

To thicken up the veil, how about if we say the town was in Ohio, and that it was 2 astronauts that stiffed their 1031 customers?


Perfect. If this CAN'T possibly indict the character of any of bendbb's Possible Associates in Bend, can we actually have a conversation about it? PLEASE?

Then the sarcasm starts, because people can't believe they're being Shut Down for Stating The Incredibly Obvious:

Queen said:

I can't figure out if you're being sarcastic or if you live in a parallel universe where what these guys did is something less than reprehensible.

The most obscene part of this is they are characterizing the the 10 million dollars they made off with as an investment.

From their site;
The current amount owing from Inland to SAI is approximately $13,706,557.21. The existing real estate investments will be made available to repay the loan balance and satisfy claims,

The security for these 2 five million dollar "investments" that were both made 9/22/08 are third trust deeds on houses that were already seriously underwater.

The second most obscene part of this is that were it not for these 2 "loans" and the opulent livestyle the principals treated themselves to, no customer would have lost any money.


Bendbb; this is not innuendo-- I'm not insinuating these guys are scoundrels, I'm coming right out and saying it.


Guest said:

I'm being very sarcastic with more than a hint of criticism for the way bendbb handled this entire thread.

bendbb said:

So maybe I should make like BEM and moderate messages *before* they're posted -- is that what you want?

My vision for the bulletin board is to keep it focused on issues, not on people or personalities. I don't understand why you find it necessary to call people names like "scoundrels". Can't you find another way to express your opinions without name calling?


You BASTARDS! Besmirching BendBB with your flagrant use of terms like SCOUNDRELS! Jeebus would roll over in his GRAVE!

bearishly happy said:

bendbb.

It seems like you have a bit of a tin ear for rumor. I know you got the Cessna guy to deal with (Cessna closing tomorrow!) and other scurrilous rumors, but not all rumors are false, either. I'm not sure why you and RDC feel it necessary to be apologists for obvious bad dealings. Scoundrels is the least word I would use.


Guest said:

bendbb you're really showing your colors on this thread. Do you have some skin in the game or some other association with people at this firm? Your continual chastising of people throughout this thread, at the risk of being being censored, has been childish and petty.

BINGO!

Guest said:

So here's another hypothetical.

I call you and say, "I'm new to Bend, and I need to invest in a 1031. I hear your'e the expert, here. What do you think of Summit?"

Do you say nothing?


bendbb said:

I ask you, "How did you get my number?"

Considering that Summit has filed for bankruptcy and isn't accepting new 1031 customers your hypothetical seems a little far-fetched, but maybe that's true of most hypotheticals.


Ohhhhhhh.... there it is. "THAT'S TRUE OF MOST HYPOTHETICALS"

Uh huh. Commenters held BELOW CONTEMPT.

"You know what, I run this fucking board, and I'm not going to have the FUCKING DECENCY to even put forth a useful answer. And I am going to ASSUME THE BEST about a bunch of thieving FUCK STICKS and continue deleting posts as I see fit. AND BEST OF ALL, I am going to make THE 100% COMPLETE ASSININE statement that MOST HYPOTHETICALS ARE FAR-FETCHED. And no. I will OFFER NO PROOF. It's true BECAUSE I FUCKING SAID SO!"

Guest said:

Of course you refer them to Summit, that is if you use the same reasoning processes as bendbb-- He has read their website where they confess to relieving their customers of 14 million dollars, but notwithstanding this admission, he sees no wrongdoing.

Exactly. Do you realize bendbb that people are INCARCERATED EVERY FUCKING DAY WITHOUT EVIDENCE. They are given their day in court, BUT FIRST THEY ARE ARRESTED ON SUSPICION OF GUILT. NO PROOF. Just suspicion. ALMOST EVERY PERSON IN JAIL WAS ARRESTED ON SUSPICION, BUT NO PROOF.

And what do we have with Summit? My God, the evidence is OVER-FUCKING-WHELMING... but bendbb doesn't have the critical thinking skills God gave a fucking rock, to realize his commenters have PILED UP THE SUSPICION PRETTY FUCKING HIGH, and probably have the RIGHT to make... wait for it:

INNUENDO.

Yeah. These SUmmit fuckers are as guilty as Hitler in my book. This is FRAUD, and ALL BUT THE SENTENCING is fucking DONE. WTF else do you need? A fucking video where they are sitting around LAUGHING DIABOLICALLY ABOUT COMMITTING FRAUD?

Well, apparently the answer over on BendBB is "YES".

Guest said:

Poor clients....
Gotta do an exchange within 180 days to avoid paying taxes.
Unable to close exchange within 180 days because the money's gone.
Taxes now due. No money to pay them because... the money's gone.


bendbb! ALERT! DANGER, DANGER!

My God, this person is IMPLYING INNUENDO THAT THE MONEY IS GONE! AHHHH! INNOCENT UNTIL PROVEN GUILTY! Where are you bendbb? HELP US!!!

Guest said:

If you're the victim of a fraud it really helps you on taxes. This was discussed several places recently due to the Madoff case.

Whew! Glad to hear about The Vast Upside of Summit's FRAUD.

Guest said:

Quote:
As a long time reader and a poster a few times, I am in complete agreement with BB admin, If it's not the truth at the time of posting it is only an opinion.


Apparently you and bendbb just aren't getting it.

Does anyone ever know the Truth? Or the facts?

Even when you think you've got Truth in a chokehold it gets away.

I think the complaint is that unless bendbb knows for certain something is true (read above) he accuses everyone of spreading misinformation. If he's in a sour mood he deletes stuff.

Which begs the question "How would you ever become enlightened if you weren't first willing to contemplate facts that you might not be certain of at the time?"

Perhaps the funniest part of this whole debate is this board is edited as though its got the readership of the WSJ. But that's Bend. Everyone thinks they are a BSD.

I like hanging out in smoky dark rooms to get the dirt, then I can follow up and figure out whether or not what I've read here is probable or not.

You shut off that spigot and this board becomes worthless. I've watched over-zealous moderators do that time and time again. Pity. I think its happening here also.


I like this guy. But not everyone did.

bendbb said:

If you think this bulletin board is over-zealously moderated feel free to go somewhere else because it's unlikely that the moderation is going to change.

At this point, I'd suggest you go over to BendBB just to read the posting by "Deep Throat" on page 11 of this thread. I'd give a URL, but since bendbb has admitted many times to IP harvesting, I can only give a description of where to go. Deep Throat posts a pretty lengthy and informative comment regarding the Summit mess.

And luckily this debate is nicely sewn up.

Not Deepthroat said:

[message removed for violating bulletin board rules]

See, if you ARE someone WHO HAS ACTUAL real-World knowledge about the Summit-Inland FRAUD, you actually CANNOT post it over on BendBB. Why? Because it will immediately be deleted as INNUENDO.

bendbb, bless his gristly heart, is one of a Vast Number Of Deluded Dumbfuck Who Thinks: This Is Bend, AND EVERYONE IN BEND IS A CUT ABOVE THE REST. EVERYONE. I am a cut above. I am Better.

We're told this EVERY FUCKING DAY by the POLLYANNA BULLETIN.

"No, no. That business is NOT BAD. It's run by Bendites, so THAT IS NOT POSSIBLE. There can't be any FRAUD in Bend, because NOTHING BAD HAS EVER OCCURED IN BEND. THERE ARE PEOPLE WHO ARE TRYING TO FUCK US ALL IN THE ASS, THEN KILL US. They are The Dissenters. THEY DO NOT think Bend Is Special. You MUST NEVER LISTEN TO THEM. EVER! Now Let Us Go Forth To Jonestown, where we might all partake in a glorious LIFE ENHANCING KOOL FLUID..."

Ahhhhh cults. They systematically try to rob you of your ability to THINK. Because if YOU ACTUALLY KNEW THE TRUTH, they would LOSE ALL POWER OVER YOU. Have no doubt, BEND IS A CULT.

And it is RUN by Real Estate. And this story is about a HIGH PRIEST of the Cult of Bend making off with MILLIONS, mind you they have ADMITTED IT and There Is No Doubt, and bendbb and every other Bend Media Outlet is True To Form, and STILL LEAVING OPEN TO QUESTION whether they are worthy of our suspicion.

Even having to THINK FOR 1 MICROSECOND about that, is indicative of CULT-THINK. OF COURSE THEY SHOULD BE ARRESTED UNDER SUSPICION OF GUILT, RIGHT NOW. WTF, indeed.

OK, MINDLESS FUCKING CULT-FUELED CENSORSHIP aside, this Summit thing is a HUGE STORY. We've seen ReMax go down. There have been untold boutique mortgage shops & realtors & builders already bite the dust. We've even seen suicides.

But Summit, like ReMax is LARGE. Now the CIRCUMSTANCES are totally different. ReMax just bled out & died, cuz RE is over in this town.

Summit is PHASE II of the shutdowns. The ENRONS of The Bend RE Collapse has begun. Yeah, this is the Clusterfuck Black Hole Phase where the tide has gone out & The Big Boys are starting to be exposed for what they are. FRAUDSTERS.

Bend RE is The Largest Ponzi Scheme FRAUD on the West Coast. We're penny-anti shit, so I wouldn't want to say The Biggest In The US, or anything. But as PER CAPITA FRAUD GOES, this town is at The Top Of The Pile.

Have no illusions, this place is DOOMED. Why? Because when you CANNOT TRUST the intermediaries & the principals, you CANNOT DO BUSINESS. People will not give WHAT MONEY THEY HAVE, to ANYONE. This town is like a GIANT WashMu branch right before the SEIZURE: People will begin BAILING LIKE MAD, JUST TO GET ANYTHING OUT OF THIS FRAUD-RIDDEN SHITHOLE.

Our motherfucking newspaper is ON LAND GIVEN TO THEM BY The Biggest Developer In Town. WTF?

OK, I'll wrap this up. On a lighter note. Did anyone notice there was no "What's Going Up" section in the paper yesterday? At least not in the website of bendbulletin.com. The week before it was a picture of The Administrative BARN for the Sunriver Stables. THAT is What's Going Up. A barn. And not a big barn. A small barn.

RIP "Whta's Going Up". You did manage to go out on a high note.

Oh right... and file this under Not Everything Is As It Seems. Dunc filed a post, Why Open Now? He talks about Gottschalks, and some supplier problems and such. But here's the problem:
GOTT, 3yr chart

This company is about to go BUST. This company has lost almost 99% of it's value, and that is ALMOST ALWAYS a harbinger for DOOM.

I expect a BK on GOTT very soon, within a month probably.

GOTT & Summit illustrate ONE SINGLE TRUTH in times like these: Things are NOT as they seem. Bend Bulletin EXPOUNDED on the UNPARRELLELED ATTRACTIVENESS of Bend for setting up shop, by using GOTT's opening a store in THESE TRYING TIMES.

Uh huh. And I suppose Mark Neumans 8,000+ sf mansion is PROOF that Summit is on FIRM FINANCIAL FOOTING.

We've seen time & TIME AGAIN, that This Time It Is Different. THIS FINANCIAL COLLAPSE is a different breed. We've had 30 years built on phantom income built on credit card & home equity INCOME. This country is largely built on a base that DOES NOT EXIST. OK, NOT EVERYTHING in the US Economy is a PHANTOM, but far more than anyone ever thought possible IS.

We're seeing WHOLE TOWNS and whole areas that were completely sidestepped by the bubble runup, and are now doing "fine". Look at Harney & Grant counties for high relief illustrations of this. These communities experienced BARELY A BLIP whether up or down in the past 10 years.

But then there are places like Bend. Contrary to the 0% Exposure of places like Burns, we are Almost Entirely Dependent On Bubble Economics.

Burns, strangely enough is The Wal Mart of The Bust, doing Quite Well Thank You. But Bend is The Office Max, Gottschalks, KB Toys, Circuit City of the bust All Rolled Into One. We doubled, tripled, and then QUADRUPLED down on REd.

We are so ridiculously quadruple beta-positive on RE, that we will NEVER RECOVER. And note, 18 months ago I made similar statements and was chided as a Clap Board Lunatic.

But this town will NEVER RECOVER. The tide is going out like NEVER IN HISTORY, and the Summit's of Bend are being exposed. Folks, it AIN'T FRAUD UNTIL YOU GET EXPOSED. Go ask Bernie MADE OFF. And the motherfucking tide is GOING OUT.

You will NOT BELIEVE the damage that will be done. Medians at $120K doesn't really fully encapsulate it. $120K medians will happen for a reason. It'll be due to FEAR, FRAUD, and FIDUCIARY ASS FUCKING. People will be SCREWED en masse in Bend.

And I mean WORSE than we have been. Look at our Elected City Council.

This place is 100% DOOMED. And if YOU STAY HERE, or BUY A HOME HERE, you deserve everything you get, including being 100% MADE-OFF'd by Bend's FRAUD-RIDDEN RE INDUSTRIAL COMPLEX.

Bend will only be worth buying once the Emporers Clothes have been proven to be NON-EXISTANT in a court of law, and The Kingdom HAS BURNED. This place will be AWASH in vacancies, both residential & commercial.

There will be a time to Buy In Bend, but that time will NOT BE FOR AT LEAST A DECADE. ALL THE FRAUD WILL NEED TO BE WASHED OUT. All the SCOUNDRELS will have to be THROWN OUT OF OFFICE. We will have to be cleansed, and that isn't even close to happening, if anything our elected slate of Councilors further delays the timeline to recovery. Probably 5-10 years, yet again.

We're fucked. Bend is FUCKED.

967 comments:

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Bewert said...

Madoff Fund Operator De La Villehuchet Found Dead (Update1)

By Saijel Kishan and Katherine Burton

Dec. 23 (Bloomberg) -- Thierry Magon de La Villehuchet, who ran a fund that invested with Bernard Madoff, was found dead at his office today in an apparent suicide, according to a police officer at the scene.

De la Villehuchet, 65, was a co-founder and chief executive officer of Access International Advisors, according to a marketing document. Access, based in New York, invested $1.4 billion with Madoff, who was arrested on Dec. 11 for allegedly running a $50 billion Ponzi scheme.

###

Just the first. Let's hope the local guys aren't this stupid.

Bewert said...

Re:
The City of Bend is getting into debt at the rate of $10M/month by my figuring. Debt that by the magic of expected sales of JR land, and other ASSETS, they can make BEND BOOKS BALANCE.

###

Didn't you read the JR article? This part made me laugh;

City Attorney Mary Winters said the city will not spend the money it makes from selling the land until the property has been rezoned and PacifiCorp has been cleared to start developing. She said the company or the city could back out of the deal within an 18-month period if things don’t go as planned.

Bewert said...

Now this part made me cringe:

If the deal goes through as currently written, the city will sell the larger parcel for $7 per square foot and the smaller parcel, which is located in a less desirable location along the railroad tracks, for $1 per square foot.

A buck a foot. For industrial land next to railroad tracks--which could be pretty useful for an industrial company...

BTW, my opus is almost ready for filing, as soon as Judy Steigler is gone. They really screwed up this time, voting on this sale with absolutely no public notice.

Bewert said...

Re: Bruce, your spelling is off. It is "mother lode" not "mother load".

###

That was the fake Bruce last night. Click on the profile and you can see which ones he did. I didn't post last night.

Bewert said...

Re: 6 jobs in BULL

###

Wow, I didn't believe so grabbed the Classifieds and counted them.

Six fucking jobs listed in a town of 70,000.

Bewert said...

The entire classified section is only seven pages, and of that two-plus pages is ads and weather,and another 1+ pages is legal notices. A whole page of Trustee's Notice of Sale ads.

Scary shit.

Anonymous said...

DEAD - BEND DEAD - MADOFF CRONY's ... WHO WOULD HAVE GUESSED??

Fund manager tied to Madoff loss found dead: reports
By Wallace Witkowski
Last update: 1:49 p.m. EST Dec. 23, 2008
SAN FRANCISCO (MarketWatch) -- Thierry Magon de la Villehuchet, a fund manager who reportedly lost large sums in Bernard Madoff's alleged $50 billion Ponzi scheme, was found dead in a New York office building, according to media reports Tuesday. A New York City Medical Examiner spokeswoman told Reuters that de la Villehuchet, 65, was pronounced dead at 8 am Eastern, and that the cause of death was not known. He co-founded Access International Advisors LLC, which specializes in managing hedged and structured-investment portfolios

Anonymous said...

That was the fake Bruce last night. Click on the profile and you can see which ones he did. I didn't post last night.


###

All bruce's in Bend are fake.

This is news??

Anonymous said...

Just the first. Let's hope the local guys aren't this stupid.

###

Being found Dead?

Please explain what you mean BP.

Local Madoff guys?

Nobody in Bend has ever been found dead. I read the Bulletin & Source daily, and have never read a report of a local found dead.

Anonymous said...

HOMER, what is most interesting here, is lately ALL the CASH for your girlfriend has been coming from sale of a 'MDU', which just happens to be owned by KNIFE-RIVER, they VERY people who get all the FUCKING MONEY on Juniper-Ridge make-work projects, ... Who would have fucking guessed

MOSS PATRICIA L: Declared Holdings
Company/Relationship Reported Shares Ownership
Cascade Bancorp
Officer
NasdaqCM:CACB
(historical quotes, profile, SEC, other insiders) 8-Aug-08 135,577 Direct
MDU RESOURCES GROUP
Director
NYSE:MDU
(historical quotes, profile, SEC, other insiders) 10-Dec-08 35,910 Direct

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
ADVERTISEMENT
10-Dec-08 2,360 MDU Acquisition (Non Open Market) at $20.97 per share.
(Value of $49,489)
8-Aug-08 7,500 CACB Option Exercise at $5.74 per share.
(Cost of $43,050)
28-Apr-08 4,050 MDU Acquisition (Non Open Market) at $28.52 per share.
(Value of $115,506)
3-Mar-08 11,500 CACB Acquisition (Non Open Market) at $10.13 per share.
(Value of $116,495)
24-Jan-08 3,120 CACB Disposition (Non Open Market) at $12.98 per share.
(Value of $40,497)
31-Dec-07 1,878 MDU Acquisition (Non Open Market) at $27.94 per share.
(Value of $52,471)
26-Oct-07 6,626 CACB Option Exercise at $6.04 per share.
(Cost of $40,021)
27-Apr-07 4,050 MDU Acquisition (Non Open Market) at $31.07 per share.
(Value of $125,833)
1-Feb-07 16,568 CACB Option Exercise at $6.04 - $6.04 per share.
(Cost of about $100,000)
1-Feb-07 7,111 CACB Acquisition (Non Open Market) at $27.32 - $27.32 per share.
(Value of about $194,000)
29-Dec-06 2,047 MDU Acquisition (Non Open Market) at $25.81 - $25.81 per share.
(Value of about $53,000)

Bewert said...

Re: Please explain what you mean BP.

###

The Summit guys offing themselves.

Didn't you read about the homeless guy last week?

Anonymous said...

WHO RUNS 'Western COMM' that owns the BULL why MOSS, who just happens to get her milk-money from the people who run KNIFE-RIVER, ...

Patricia Moss of CACB is the Secretary of Western Communications that owns the BULL.

Would would have guessed??

December 22, 2008 4:10 PM
Anonymous Anonymous said...

Patricia Moss is a very busy Girl Win's the LLC award.

1 ABN INA REP 267692-81 CUR BEND LEASING CO.
2 ABN INA REG 267692-81 CUR BEND LEASING CO.
3 ABN INA REP 257117-97 CUR BIG A DISTRIBUTION
4 DBC ACT AGT 193154-80 CUR CASCADE BANCORP
5 DBC ACT PRE 193154-80 CUR CASCADE BANCORP
6 DBC INA PRE 550814-84 CUR CASCADE BANCORP FINANCIAL SERVICES, INC.
7 ABN INA REP 267686-89 CUR CASCADE COLLECTION AGENCY
8 ABN INA REG 267686-89 CUR CASCADE COLLECTION AGENCY
9 ABN INA REP 267687-88 CUR CASCADE COURIER SERVICES
10 ABN INA REG 267687-88 CUR CASCADE COURIER SERVICES
11 ABN INA REP 267691-82 CUR CASCADE CREDIT BUREAU OF CENTRAL OREGON
12 ABN INA REG 267691-82 CUR CASCADE CREDIT BUREAU OF CENTRAL OREGON
13 ABN INA REP 267689-86 CUR CASCADE ESCROW COMPANY
14 ABN INA REG 267689-86 CUR CASCADE ESCROW COMPANY
15 ABN ACT REP 547588-84 CUR CASCADE FINANCE
16 ABN INA REP 267688-87 CUR CASCADE FINANCIAL SERVICES
17 ABN INA REG 267688-87 CUR CASCADE FINANCIAL SERVICES
18 ABN INA REP 267690-83 CUR CASCADE REAL ESTATE COMPANY
19 ABN INA REG 267690-83 CUR CASCADE REAL ESTATE COMPANY
20 ABN INA REP 267685-80 CUR CASCADE SECURITIES
21 ABN INA REG 267685-80 CUR CASCADE SECURITIES
22 DBC INA SEC 150075-11 CUR CASCADE STOCK CO., INC.
23 ABN ACT REP 267695-88 CUR CENTRAL OREGON TITLE CO.
24 ABN ACT REG 267695-88 CUR CENTRAL OREGON TITLE CO.
25 DBC INA AGT 552796-82 CUR COLUMBIA CHRISTIAN ACADEMY SATELLITE HOMESCHOOL NETWORK INC
26 DBC INA PRE 552796-82 CUR COLUMBIA CHRISTIAN ACADEMY SATELLITE HOMESCHOOL NETWORK INC
27 DBC INA SEC 552796-82 CUR COLUMBIA CHRISTIAN ACADEMY SATELLITE HOMESCHOOL NETWORK INC
28 DBC INA SEC 495172-87 CUR MEMORY DIVISION, INC.
29 DLLC INA AGT 248888-93 CUR MOSS INVESTMENTS, LLC
30 DBC INA SEC 530195-85 CUR OUR FULFILLMENT HOUSE, INC.
31 ABN INA REG 771630-88 CUR SQUEEGEE HOLDINGS
32 DBC ACT SEC 083165-15 CUR WESTERN COMMUNICATIONS, INC.

Bewert said...

Knife River Corporation is the construction materials and mining subsidiary of MDU Resources Group, Inc. (NYSE:MDU).

Nice catch, Buster.

Anonymous said...

The Summit guys offing themselves.

Didn't you read about the homeless guy last week?

###

Are you saying that the 'homeless' guy was really a Summit-1031 Principal?

Was this a Bend Hit?

Bewert said...

But it looks like Moss is buying, not selling.

Bewert said...

Re: Are you saying that the 'homeless' guy was really a Summit-1031 Principal?

###

Client ;)

Anonymous said...

So let me understand this.

CACB is the Bank of Bend.

They control the company that owns the BULL.

They profit every time taxpayer money is squandered at Juniper Ridge, on Knife-River 'public works' projects, that only make the richest man in CALIF ( Resnick ) richer.

That every time a nickel is spent on Knife-River, that Moss gets a quarter.

Anonymous said...

But it looks like Moss is buying, not selling.

###

I think we can conclude that there is no relationship between Knife-River and the person who runs the BULL.

Anonymous said...

Cascade Bancorp (Oregon) Named in Oregon's Top Ten Most Admired Companies


BEND, Ore., Dec. 16 /PRNewswire/ -- Cascade Bancorp (Nasdaq: CACB) announced that Bank of the Cascades has been named one of the Business Journal's Most Admired Companies in Oregon, based on a survey of Oregon CEOs. Bank of the Cascades was honored in the financial services category.

The Most Admired Companies awards are determined through surveys sent to more than 2,000 CEOs and top-level managers throughout Oregon. These executives are asked to select the companies they most admire in eight different industry classifications, including technology, agriculture, nonprofits, healthcare, financial services, professional services, commercial real estate and traditional manufacturing. Companies were rated by attributes including innovation, quality of product or service, community service, branding and quality of management. Award winners were announced at Oregon's Most Admired Companies recent luncheon in Portland.

"We're delighted to be included in this list of outstanding Oregon companies," said Patricia L. Moss, president and CEO of Cascade Bancorp and CEO of Bank of the Cascades. "I am proud and appreciative of the commitment to excellence demonstrated by our team of bankers on behalf of customers and community."

Bank of the Cascades offers full-service community banking through 33 branches in Central Oregon, Southern Oregon, Portland, Salem and Boise/Treasure Valley.

About Cascade Bancorp

Cascade Bancorp (headquartered in Bend, Oregon) and its wholly-owned subsidiary, Bank of the Cascades, operates in Oregon and Idaho markets. In terms of banking growth markets, Cascade ranks as the top community bank footprint in the Northwest. Cascade has a business strategy that focuses on delivering the best in community banking for the financial well-being of customers and shareholders. The Bank implements its strategy by combining outstanding service, competitive financial products, local expertise and advanced technology applied for the convenience of customers. Founded in 1977, Bank of the Cascades offers full-service community banking through 33 branches in Central Oregon, Southern Oregon, Portland/Salem and Boise/Treasure Valley. The Bank has been repeatedly named among the top performing banks in the nation by industry publications. The Bank is honored to be among the top Oregon "Best 100 Companies to Work For", as compiled by Oregon Business Magazine. For further information on Bank of the Cascades, visit our web site at http://www.botc.com

Anonymous said...

DOWN ECONOMY?? NOT A PROBLEM IF YOU KNOW HOW TO GROW RICH DURING A DEPRESSION.


Bank of the Cascades Opens New Salem Regional Office


BEND, Ore., Dec. 23 /PRNewswire-FirstCall/ -- With the last coat of paint applied and all final construction details complete, Bank of the Cascades new Salem regional office opened for business, on Monday, December 8. The bank's commitment to the Salem/Keizer area is evident in the size of its new 12,000 square foot space, one of the largest in its network of 33 branches throughout Oregon and Idaho.

Located in southeast Salem at 520 Hawthorne Avenue SE, the brick and glass building has been under construction since early spring 2008. In addition to regional offices for the Bank of the Cascades, the new building houses branch banking services, a mortgage center, commercial lending, professional banking and a trust department. A formal ribbon-cutting ceremony will be held in February 2009.

"Bank of the Cascades has great confidence in the future of the mid-Willamette Valley market," said Patricia L. Moss, president and chief executive officer, Bank of the Cascades. "This new location allows us to continue our current services and gives us room to expand -- all to better serve our growing customer base in Salem, Keizer and the surrounding area."

"Community banks like Bank of the Cascades are well-equipped to serve business and individual customers, particularly in challenging times such as these," Larry Goodreau, SVP and area manager, Bank of the Cascades continues. "We're dedicated to making your money work for you by keeping local deposits local and reinvesting in community through loans to stimulate and contribute to our local economy and through corporate philanthropy to support community needs."

The contemporary design of the two-story building features a brick and glass exterior that complements the architecture of neighboring properties. Bank of the Cascades new office is just north of Creekside Corporate Center, one of the leading Class A office complexes along the I-5 corridor. Businesses in the immediate area include State Farm's regional office, Kettle Foods, Costco and Roberson Motors.

Designed with the environment and energy efficiency in mind, the building features carpet with recycled content, environmentally-friendly sheet linoleum, and low or no-emitting paint finishes. Coupled with efficient windows, window sun shades to minimize heat gain, and energy efficient lighting, the building is a healthy and comfortable environment for employees and customers.

About Bank of the Cascades

Bank of the Cascades is the principal subsidiary of Cascade Bancorp (Nasdaq: CACB). Headquartered in Bend, Oregon, Bank of the Cascades delivers personalized relationship banking, competitive financial products, and advanced technology applied for the convenience of customers. Founded in 1977, Bank of the Cascades offers full-service community banking through 33 branches in Central Oregon, Southern Oregon, Portland/Salem and Boise/Treasure Valley. The Bank has been rated among the top performing banks in the nation for the ninth consecutive year by Independent Community Bankers of America, is included in the top 20 most successful companies in the annual Seattle Times Northwest 100, as well as being named the 2007 top community bank in the Northwest by US Banker Magazine. And recently, Bank of the Cascades was named by the Business Journal as one of Oregon's Most Admired Companies in the Financial Services category, as chosen by Oregon CEOs. For more information, visit www.botc.com.

Anonymous said...

NorthWest Crossing Business Tenant Named “Architect of The Year” for Golf Course Design


GOLF Magazine recognizes David McLay Kidd, a golf course designer who has an office in Bend, Oregon’s NorthWest Crossing Neighborhood Center Bend, OR, December 19, 2008 -- GOLF Magazine has named David McLay Kidd as the Architect of the Year for 2008. Kidd, who opened his headquarters in Bend, Oregon neighborhood NorthWest Crossing earlier this year, was the designer behind the renowned Bandon Dunes on the Oregon coast approximately 10 years ago. Recently, he has had two high-profile course openings: the Castle Course in St. Andrews and Tetherow in Bend, Oregon. Tetherow was also recognized by the magazine as one of the top courses of 2008.

Kidd, whose business is called DMK Golf Design, began the firm in 1998 when he opened an office in Great Britain. The Scottish designer opened his new headquarters in Bend, Oregon’s NorthWest Crossing in early 2008.

The GOLF Magazine article states that Kidd’s “designs often provoke polar reactions, his spirit of adventure and willingness to break with convention — both evident in spades at the Castle Course and Tetherow — are to be saluted.”

About NorthWest Crossing
NorthWest Crossing is a mixed-use community on Bend’s west side which has won several national awards for its green building practices, as well as receiving the PCBC’s 2008 Gold Nugget Award of Merit for Master-Planned Community of the Year, BUILDERnews Magazine’s 2008 Spirit of the West Award and Cottage Living magazine’s 2008 Top Cottage Neighborhoods. West Bend Property Company LLC, a partnership of Brooks Resources Corporation and Tennant Family Limited Partnership, is developing the community. Both companies, based in Bend, have solid histories of commitment to thoughtful, quality real estate developments in Central Oregon. Their goal of creating a livable and sustainable community at NorthWest Crossing is rooted in their understanding and respect for the true essence of Bend and the Central Oregon lifestyle. http://www.northwestcrossing.com

Contact:
David Ford
NorthWest Crossing
Bend, OR

Anonymous said...

Brooks Resources Releases Annual Calendar; Celebrates 40 Years in Bend, Oregon

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2008-12-19 10:44:50 - Bend, Oregon real estate company features NorthWest Crossing on iconic wall calendar

Bend, Oregon, December 19, 2008 -- Brooks Resources Corporation today announced that its annual wall calendar is now available to the public. The 2009 calendar, which the community looks forward to each year, features a view of the Cascade Mountains at sunset from the NorthWest Crossing Bend, Oregon neighborhood center and a timeline of Brooks Resources' projects in Central Oregon
over the last 40 years.

'We are looking forward to celebrating 40 years of doing business in Central Oregon in 2009,' said Romy Mortensen, vice president of sales and marketing for the company. 'Our annual calendar was the perfect medium to kick off our celebration and we hope our loyal calendar collectors will enjoy this new edition.'

The calendar is being distributed to local businesses by non-profit group CORIL (Central Oregon Resources for Independent Living) in exchange for a donation from Brooks Resources. Individuals are also welcome to visit the Brooks Resources corporate office in downtown Bend, Oregon to pick up a calendar for free.

For more than 20 years, the calendar has featured a beautiful landscape photo from the Central Oregon area. This year's photo is by Chris Mather of Dog Leg Studio.

Brooks Resources is located at 409 NW Franklin in downtown Bend and will be open to distribute the calendars from 8 a.m. to 5 p.m. on all business days (closed week of Christmas). Call 541-382-1662 to find out more.

About Brooks Resources Corporation
Brooks Resources Corporation, based in Bend, Oregon, is a real estate development company that delivers quality real estate products and services in Central Oregon. With roots in the original 1916 Brooks-Scanlon lumber company that sparked a boom in Bend's growth for the next half century, Brooks Resources is one of the oldest and most respected developers in the area. Offering a diverse choice of premier neighborhoods in Central Oregon, Brooks Resources Corporation is committed to the preservation of natural environment around home sites, positive growth of communities and an active relationship with the communities of Central Oregon.

Its current developments include North Rim on Awbrey Butte, RiverWild at Mount Bachelor Village Resort, Awbrey Park, Century Washington Center, IronHorse, NorthWest Crossing (a joint venture with Tennant Family Limited Partnership) and Yarrow in Madras through a joint partnership with JELD-WEN Communities and Taylor Northwest. In addition it operates Awbrey Glen Golf Club, Mount Bachelor Village Resort, Botanical Developments and Brooks Resources Realty. For more information, visit www.brooksresources.com.

Contact:
Valerie Yost
Brooks Resources Corporation
Bend, Oregon
541-382-1662
valerie@brooksresources.com
www.brooksresources.com

Anonymous said...

This is HOW Bend should go, but they actually have a County Sheriff over-seeing Redmond with Balls.

###

Former Redmond City Manager Pleads Guilty To Assaulting Wife

BY ETHAN LINDSEY

Bend, OR December 23, 2008 8:47

In a Bend courtroom Monday, Redmond’s ex-city manager pled guilty to assaulting his wife on at least two separate occasions. But, under a Deschutes County domestic violence prevention program, Mike Patterson could avoid jail, and eventually have the charges dismissed.

Central Oregon correspondent Ethan Lindsey reports.


Police arrested Patterson in November for assaulting his wife. Because his child heard the crime, the charges were upped to a felony.

Patterson resigned as the city manager of what once was Oregon’s fastest-growing city.

In court, Patterson responded to the judge’s questions a quiet, hoarse voice.

Court: “How do you plead to count 2, assault 4, constituting a domestic violence, a class A misdemeanor? Couldn’t hear you sir?"

Mike Patterson: "Guilty.”

Now, he will enter a domestic violence treatment program offered by Deschutes County.

If he successfully completes the counseling program, court will dismiss the two charges of domestic violence to which he pled guilty.

Mike Dugan is the district attorney.

Mike Dugan: “Folks that enter into this domestic violence intervention program don’t go to jail unless they show court that they’re really screwing up."

In court, Dugan said the restraining order against Patterson remains in place.

Anonymous said...

10-Dec-08 2,360 MDU Acquisition (Non Open Market) at $20.97 per share.
(Value of $49,489)

###

Todays price $20.11, ...

My bet is the gave her the stock, and this is the value that is being posted as a purchase.

Anonymous said...

The Secretary of the OWNER of the BULL, and a Director of Knife-River, ... a story made in BEND HEAVEN.

Toss in an adviser role at OIF, and you have the script for a hollywood movie.

...

Moss, Patricia
Brief Biography

Ms. Moss has been director of Cascade Bancorp since 1993. Ms. Moss currently serves as CEO of the Bank of the Cascades (the “Bank”) and President & CEO of Cascade Bancorp. From 1998 to 2003, Ms. Moss served as President & CEO of the Bank and the Company. She is also a director of MDU Resources Group, Inc., Oregon Business Council, and Clear Choice Health Plans, Inc. In addition, Ms. Moss serves on the advisory board of Oregon Investment Fund.

Anonymous said...

The Secretary of the OWNER of the BULL, and a Director of Knife-River, ... a story made in BEND HEAVEN.

Toss in an adviser role at OIF, and you have the script for a hollywood movie.

Who gets all the work to develop the UGB expansion?? Knife-River.

Who sits on a TON of worthless Bend non-performing loans?? CACB.

Anonymous said...

brilliant!!!

Anonymous said...

I still didn't get my question answered.

What is a 1031-no-follow???

Bewert said...

Moss is also on the Juniper Ridge Management Board.

Bewert said...

Re: What is a 1031-no-follow???

###

There is a guy standing on the corner of the Walmart parking lot with a cardboard sign. I bet he knows.

Anonymous said...

So lets understand whats going on here.

Patricia Moss Controls the BULL,

Knife River,

CACB, ...

If we can find a connection or link between her and the SORE, then the Bend cycle can be called complete.

The best part is that here we face a depression, and CACB is expanding and rolling in MONEY.

Who would have guessed??

Who could have known??

What about all those non-performing CACB RE loans, did they get washed off the books by the 1031 scandal??

Anonymous said...

Moss is also on the Juniper Ridge Management Board.

$$$$

Mark Twain says truth is stranger than fiction, this is Bend.

Where Truth is so fucking BRAZEN that nobody could or would fucking care.

The fact is Patricia Moss is small potatoes. On to her owners & enablers.

Anonymous said...

Re: What is a 1031-no-follow???

###

There is a guy standing on the corner of the Walmart parking lot with a cardboard sign. I bet he knows.

*

Maybe he knows the dead guy found near there??

Anonymous said...

BP,

Now what are the links between the 1031 LLC's and the Moss/Hollern(smith) LLC's???

mum

Anonymous said...

Don't forget the SORE (switzer/fadeley) LLC's & the 1031 LLC's.

What about CACB's 100's of non-performing RE loans, did any of them commingle with the 1031 exchange flips??

Anonymous said...

COLUMBIA CHRISTIAN ACADEMY SATELLITE HOMESCHOOL NETWORK INC

*

Moss controls the above.

Any connection to Westside Church ( 1031 church of jeebus)??

Anonymous said...

There's that BULL word "SHOCKED" again ...

Teacher accused of having sex with student (Capital News 9)
Yahoo! News Search Results for homeschool 2007-05-21
An arrest of a teacher at Columbia High School has taken the community by surprise. "Like you, we're obviously shocked and dismayed at the allegations," said East Greenbush Central Schools Superintendent Terrance Brewer.

MrBruce said...

Harshest effects of the recession hit rural Oregon
Families ask for food, shoes and clothing as joblessness grows

Tuesday, December 23, 2008
RICHARD READ
The Oregonian Staff

Rural Oregon is taking the brunt of the current recession, with November unemployment rates hitting 12.4 percent in Crook and Grant counties.

The rates released Monday overshadow the 7.2 percent rate in greater Portland, where a more diverse economy offers a wider range of opportunities for job seekers.

Behind the numbers lies growing misery, as families with laid-off workers scramble for food and clothing. A crush of applicants for assistance awaited volunteers distributing supplies Monday at the 4-H Clover Club Building in Prineville.

"Our food and gifting has gone up about 20 percent this year," said Brenda Comini, director of the Crook County Commission on Children and Families.

Comini's crew planned to deliver 575 food boxes Monday and today, and families asked for shoes and clothing instead of toys requested in other years. Many of those who showed up Monday for the annual drive had been laid off recently.

Oregon's unemployment rate increased sharply during the past two months to 8.1 percent. The statewide seasonally adjusted number translates to 7.9 percent in absolute terms comparable to the regional unemployment rates released Monday by the Oregon Employment Department. The national rate, in raw form, was 6.5 percent, or 6.7 percent seasonally adjusted.

Double-digit rates aren't unusual in Grant County, but they usually occur in February and March as seasonal logging and construction laborers leave work, said Jessica Nelson, an Employment Department economist. The last time Grant County's jobless rate reached 12.4 percent in November was in 1998, she said.

"So it could be a sign of a pretty high unemployment rate to come in the winter," Nelson said.

Central Oregon has moved quickly from boom to bust, driven by housing-industry fallout. Crook County's jobless rate in November 2007 was 6.3 percent, just over half its current figure.

"Two years ago, employers in central Oregon were searching for a work force," said Jan Swander, WorkSource Oregon's Bend-based analyst for central and south-central Oregon. "So this has been a big change."
FACTBOX

• Best and worst

In Deschutes County, November unemployment hit 9.9 percent, double the rate of the same month a year ago. Leisure and hospitality took a big hit, losing 320 jobs, or 3.2 percent, in November.

"What we're seeing in Deschutes County is that loss of leisure and hospitality jobs from the summer months," Swander said. The food-service sector also has suffered, she said.

The county's 9.9 percent unemployment rate is the highest November figure going back to at least 1990. But government jobs and trade, transportation and utilities employment show gains.

Rural Oregon escaped the worst effects of the 2001-2003 recession, which hit Portland harder because of its high-tech industry.

Seasonally adjusted, greater Portland's unemployment rate hit 7.5 percent in November, the highest since the tech bust. The nonadjusted rate was 7.2 percent.

The metro area's seasonally adjusted rate increased from 6.8 percent in October. The area has shed 15,400 jobs since peaking in March 2008, a loss of about 1.5 percent.

More than 85,000 people were unemployed in November across the metro area. The area is classified to include Clackamas, Columbia, Multnomah, Washington and Yamhill counties in Oregon, and Clark and Skamania counties in Washington.

Construction lost 1,800 jobs, several hundred more than typical for this time of year. The sector is down 4,200 jobs, or 6.3 percent, for the year.

Manufacturing added 300 jobs in November, but only because the Boeing strike ended.

Richard Read: 503-294-5135; richread@aol.com

Anonymous said...

Behind the numbers lies growing misery, as families with laid-off workers scramble for food and clothing. A crush of applicants for assistance awaited volunteers distributing supplies Monday at the 4-H Clover Club Building in Prineville.


###

I wonder if the JR move of Les Schwab out of Priny had anything to do with this??

Thanks Bend.

MrBruce said...

Moss, Patricia
Brief Biography

Ms. Moss has been director of Cascade Bancorp since 1993. Ms. Moss currently serves as CEO of the Bank of the Cascades (the “Bank”) and President & CEO of Cascade Bancorp. From 1998 to 2003, Ms. Moss served as President & CEO of the Bank and the Company. She is also a director of MDU Resources Group, Inc., Oregon Business Council, and Clear Choice Health Plans, Inc. In addition, Ms. Moss serves on the advisory board of Oregon Investment Fund.

###

I wonder how she failed to mention on her own BIO, that she also is the secretary for 'Western Comm', the owner of the BULL??

Anonymous said...

CACB was dependent upon business it got from Brooks Resources.

###

Central Oregonians favor local, regional banks, report says...
Submitted by admin on Sat, 2005-11-05 22:10. ::

Local and regional banks are favored by Central Oregon residents compared with larger national financial institutions, according to a federal report.

The Federal Deposit Insurance Corp. market share report for the year ended June 30 — which was released last month — showed that local banks such as Bend-based Bank of the Cascades gained ground in Central Oregon's highly competitive banking industry.

Bank of the Cascades deposits, a key measurement of a bank's health, grew by nearly 20 percent since June 30, 2004, rising from $556.5 million to $664.6 million.

The increase boosted the bank's share of deposits in Deschutes County from 32.9 percent to 33.4 percent, the report said, putting it securely atop the FDIC deposit rankings.

Larger, federally chartered banks, including second-ranked Washington Mutual and third-ranked U.S. Bank, lost Deschutes County market share from the prior year.

Washington Mutual, based in Seattle, saw its deposits in the county drop from $310.5 million to $272.9 million and its market share drop from 18.4 percent to 13.7 percent.

U.S. Bank, founded in Oregon but now based in Minneapolis, increased deposits from $231.9 million to $263.7 million, but its market share slipped from 13.7 to 13.3 percent.

The banks are among 14 chartered banks competing in the county. Significant population growth has brought more money to the region, more construction and increased real estate prices.

The deposit growth is likely due to banks' success in the region's loan market, according to local builders and mortgage brokers.

"A lot of times, people may already bank at Bank of the Cascades, and they already have existing relationships, so it is easy for them to go there for a loan," said Kirman Kasmeyer, mortgage broker for Brooks Resources Corp. "They already know the teller, the bankers, the staff."

Real-estate lending, like construction loans, can be a gateway for regional banks to build relationships with customers ranging from builders to buyers.

"We have had experience in building loans, and we have developed programs to accommodate the builder so that the moment they ask for something we have the system to provide whatever they need," said Patricia Moss, President and CEO of Cascade Bancorp., parent company of Bank of the Cascades.

Ryan Killgore, regional president of U.S. Bank, dismissed the significance of the deposit rankings, noting that his company also increased its deposits. Deposit share doesn't necessarily tell the whole story because banks can grow deposits by taking risks that may harm profits, he added.

"If you look at banks that fail, they generally have gotten themselves into problematic loans, which can kill profitability," Killgore said. "Those problematic loans may not show up in a robust economy, but they can start showing up if the economy turns a little."

Anonymous said...

BP,

So in 2003, Moss (CACB) was asked to be director for MDU(Knife-RIVER), by 2005 almost all of the Business that CACB got, was courtesy of Brooks Resources.

It made CACB queen-bee into a legend.

Today, all of the Bend Treasure goes to Knife-River, who would have guessed??

Anonymous said...

"A lot of times, people may already bank at Bank of the Cascades, and they already have existing relationships, so it is easy for them to go there for a loan," said Kirman Kasmeyer, mortgage broker for Brooks Resources Corp. "They already know the teller, the bankers, the staff."

Real-estate lending, like construction loans, can be a gateway for regional banks to build relationships with customers ranging from builders to buyers.

"We have had experience in building loans, and we have developed programs to accommodate the builder so that the moment they ask for something we have the system to provide whatever they need," said Patricia Moss, President and CEO of Cascade Bancorp., parent company of Bank of the Cascades.

Anonymous said...

Knife River Corporation

Knife River Corporation is the construction materials and mining subsidiary of MDU Resources Group, Inc. (NYSE:MDU). MDU Resources Group, Inc., ... ( Director Patricia Moss )

Anonymous said...

Patricia Moss, did 1031-summit do biz with 'cascade escrow'??

13 ABN INA REP 267689-86 CUR CASCADE ESCROW COMPANY

Secretary of the company that owns the BULL, who would have guessed??

32 DBC ACT SEC 083165-15 CUR WESTERN COMMUNICATIONS, INC.

Anonymous said...

State Investigates Bend Company


12/23/08 Bend

Summit 1031 Exchange in Bend says it is $14 million dollars short of paying back clients, and has filed for bankruptcy. The company has offices in Bend and Redmond. It serves real estate investors by holding onto the money from the sale of investment property until it is reinvested, keeping it tax free for clients. It closed unexpectedly last week.

The company says it used the money it was holding for their clients to loan to a company investing in real estate primarily in Central Oregon but the recent downturn, left the company short over $14 million dollars. The company has posted a notice on its website: http://www.summit1031.com/

The Oregon Division of Finance and Corporate Securities has begun an investigation. It's looking for anyone owed money. You can call 1-866-814-9710.

Bewert said...

From BEBB's board:

'I'll just politely suggest this folks, let's not jump to any ill-formed conclusions regarding Mr. Lyons. I know Mr. Lyons both personally and professionally and can tell you without a shadow of a doubt that he is a person of absolute principle and unquestionable ethics and would never do anything to jeopardize his client's trust, their assets, or his good-standing with the State of Oregon Bar. Any investigation into Summit(if and when it should occur) will prove this.'

This shit just gets richer and richer.

I'll look into the Moss LLC thing when I get a chance, Buster.

Bewert said...

Christ smite all the Bruce's here.

I'm getting confused myself.

Anonymous said...

So many bruces, but all with on email at bewert@gmail.com

Anonymous said...

Why is that gay fucking assfag BEBB defending Lyons? Are they gay lovers or something? It looks like this fucker Lyons really fucked up bigtime, losing $14M of clients' money. It'll be funny if he ends up offing himself.

Bewert said...

Re:
I'm getting confused myself.

###

Yeah, me too...

Anonymous said...

http://twitter.com/cassondra/status/1075022224

Bewert said...

Re: Christ smite all the Bruce's here.

I'm getting confused myself.

###

Now this is fucking weird. I was off doing Christmas shopping and having a burger at Red Robin with Trudy. When this was posted with my bio at the link.

Really weird.

Anonymous said...

Change your password.

Anonymous said...

OK, finally almost ten days late, but the BIG-ZERO is telling the 1031 story, ok DUNC, you can talk about it now, its almost out there.

Bend's Summit 1031 Exchange goes bust
Oregon begins an inquiry after clients say they were misled

Wednesday, December 24, 2008
BRENT HUNSBERGER and JEFF MANNING
The Oregonian Staff

A Bend firm specializing in tax-sheltered land deals has filed for bankruptcy after using millions of its customers' money to fund its owners' ventures, allegedly without permission.

The owners of Summit 1031 Exchange acknowledged publicly this week that they are $14.2 million short of the $27.8 million in cash owed to clients in at least eight states.

Summit's liquidity crisis stems from loans it made during the real estate boom to Inland Capital Corp., which in turn lent the money to various companies and individuals in central Oregon, the company said this week on its Web site.

Inland Capital is owned by the same people who own and run Summit.

State regulators are investigating the matter, said Kevin Anselm, enforcement chief at the Oregon Division of Finance and Corporate Securities. Customers and business partners have hired attorneys, saying they were misled about where Summit was holding customers' money.

"This is just horrible," said John Tennant, a prominent downtown Portland landowner whose family is owed $1 million. "We've hired an attorney, and we'll be filing a lawsuit."

Summit specialized in 1031 tax-deferred exchanges, a type of real estate investment that allows investors to defer paying federal taxes on gains from property sales. It joins several other large 1031 exchange companies nationwide that have filed for bankruptcy or simply folded in recent months as the real estate market has collapsed.

The largely unregulated exchanges are tax-deferred as long as sellers quickly reinvest their proceeds in similar properties.

So-called "accommodators" such as Summit hold proceeds from a sale for up to 180 days while the customer closes on a second purchase. The accommodators make money on fees and interest earned off the proceeds.

Summit's customers and business partners say they were led to believe Summit had deposited their proceeds in bank accounts insured by the federal government, as most accommodators do.

Page 2 of 2

"They didn't do that as you can see," Tennant said Tuesday. "They made loans to the four principals, and they invested that money into different real estate ventures to benefit themselves."

Danae "Nye" Miller of Bend said they engaged Summit when they sold their 34-acre cattle farm near Bend to buy a much larger farm so they could raise beef organically. Summit now owes them $750,000.

"It's potentially devastating to us," said Miller, 50. "It's the first time we've ever done an exchange. I don't know how in our lifetime we could ever recoup that money."

Company officials were unavailable for comment Tuesday. A message on their telephone answering machine said the company has "curtailed operations" after suffering "significant financial issues."

"(Summit Accommodators Inc.) deeply regrets the distress and detriment that Summit customers are currently experiencing," the company's statement says.

The revelations have stunned investors and business partners alike. Summit's principals -- Mark A. Neuman, Brian Stevens, Lane D. Lyons and Tim Larkin -- had built a strong reputation in the field and in the Bend business community. Summit had branch offices in Bend; Portland; Austin, Texas; Salt Lake City; Incline Village, Nev.; Jackson, Wyo.; Kalispell, Mont.; and Yakima.

"They were very well regarded," said Dave Chambers, an accountant in Lake Oswego who ran Summit's local office. "These guys in Bend got really good at this. These guys got too successful."

Chambers and his partner, Jamie Hammock, say they first learned Summit was in trouble Dec. 12. In monthly meetings, Summit officials in Bend detailed their exchange holdings and average rate of returns at banks but never mentioned any real-estate loans, they said.

"It was all very much understood that it was with a bank," Hammock said.

But through 2006, according to Summit's Web site, Summit had been lending 1031 exchange funds to Inland Capital. After central Oregon's real estate market tanked, those borrowers defaulted. Inland Capital, in turn, now owes Summit $13.7 million, Summit says.

Summit's largest creditors hail from Texas, California, North Dakota, Idaho, Utah, Montana and Washington. In Oregon, they include Home Valley Bank in Grants Pass, Tenneson Engineering Corp. in The Dalles, the Millers near Bend and Tennant Investors, the family partnership held by John Tennant and his brothers.

Summit said it has replaced management with Portland turnaround consultant Tyrell Vance and will try to sell land and other assets to repay customers and creditors. But that process will take time, and it's unclear its assets will fetch enough to satisfy all its debts, the company warned.

Its customers hope otherwise.

"We're expecting to get our money back," Miller said. "We can only expect that's what's going to happen because that's our dream."

Brent Hunsberger: 503-221-8359; brenthunsberger@ news.oregonian.com, www.oregonlive.com/itsonlymoney

Jeff Manning: 503-294-7606, jmanning@news.oregonian.com

Anonymous said...

More tax-free land deals go bad
Posted by Brent Hunsberger, It's Only Money Blog December 24, 2008 00:22AM
Categories: Investing

A central Oregon firm specializing in popular 1031 Exchanges has gone bankrupt, and customers and ex-business partners allege they were deceived. Read about it in today's Oregonian.

Those owed $750,000 or more by Summit 1031 Exchange: A prominent downtown Portland landowner and a Bend-area cattle farmer who got caught up in the mess while trying to buy a larger farm to raise into organic beef.

Summit also had offices in Salt Lake City, Austin, Wyoming, Montana and Washington and creditors/customers extend into those states, bankruptcy filings show.

Here's The (Bend) Bulletin's latest story on the matter.

Anonymous said...

How can there be dozens of Bruce's but only one email? bewert@gmail.com ???

Anonymous said...

>>In monthly meetings, Summit officials in Bend detailed their exchange holdings and average rate of returns at banks but never mentioned any real-estate loans, they said.

Holy shit. If that's true, smells like fraud to me.

Anonymous said...

>>In monthly meetings, Summit officials in Bend detailed their exchange holdings and average rate of returns at banks but never mentioned any real-estate loans, they said.

Holy shit. If that's true, smells like fraud to me.

###

I'm sure these 'personal loans' were paying above average interest, and hell this is BEND, everyone is a bank, and every bank is a 'bank holding company'.

Patricia Moss has her had in every cookie jar.

tim said...

These guys started investing in real estate in 2006? 2006? God no. Why in 2006? Man, were they ever asking for a spanking.

I believe we were here, warning people not to do dumb ass shit. Why don't people listen to us?

IHateToBurstYourBubble said...

The X-mas weather in Portland is going to kill retailers in Bend. And I mean "KILL". Dead, doors closed.

Worst Christmas EVER in Bend... Bull will spin it 17 ways though. Find someone who says business is bustling... hint Costa, PAWN BROKERS.

Anonymous said...

"They didn't do that as you can see," Tennant said Tuesday. "They made loans to the four principals, and they invested that money into different real estate ventures to benefit themselves." - OREGONIAN

Who would have guessed?

Who could have known?

Here's the deal, when an individual participates in an illegal tax shelter, they too can be fined by the IRS.

This thing is going to run deep.

Nobody 'knew' that the 1031 float was being 'invested' in Bend Real Estate?? It will come out that everybody knew, that was probably a selling point. Albeit wink&nod, which means that ALL participants were involved in illegal tax avoidance against the US Treasury. No victims in this Chain-Letter, only criminals.

The one aspect is the buying of land, and stripping the water rights, and then selling the land and keeping the difference, that could explain the flipping with OPM ( other peoples money ), but more than likely everyone wanted to participate in the Great Bend Real Estate Bubble.

Anonymous said...

These guys started investing in real estate in 2006? 2006? God no. Why in 2006? Man, were they ever asking for a spanking.

I believe we were here, warning people not to do dumb ass shit. Why don't people listen to us?

*

They could have been trying to get a deal of a lifetime??

They could have bought the BULL best in 20?

They could have been trying to BUY up excess inventory to minimize the collapse?

I bet they were doing these self loans prior to 2006, its silly to think that they waited until after the bubble was well over to use OPM ( other peoples money ) to buy.

On the other hand, there were 'deals' in 2006, and as already been established, people were buying land, stripping water-rights, and putting the land back on the market, and profiting from the water-rights.

Also the finance collapse didn't happen until Spring of 2007, thus they really could have assumed that 'easy-money' was forever.

Remember these guys were fucking rolling in money, they couldn't see anything but MONEY, people were throwing money at them.

Anonymous said...

Why did the Oregonian dig deeper than the BULL?

#########

The BULLETIN is controlled by Patricia Moss (CACB).

The Oregonian just printed what they read in the Bankruptcy Filing's ( PUBLIC DOC ), why has none of the geniuses here read or posted these filings?

Patricia Moss controls the company that owns the BULLETIN, Patricia Moss is sitting on tons of 'non performing real estate loans', its in nobody's business in Bend to rub salt on Bend's wound's.

On the other hand all the good lawyers live in PDX, and they need to know about the next jackpot, and that be Bend Oregon lawsuits.

Bewert said...

Re: I'm sure these 'personal loans' were paying above average interest, and hell this is BEND, everyone is a bank, and every bank is a 'bank holding company'.

###

I have found one, a $1.1M loan on 9/20/2004 to GALVESTON POINT LLC (based out of the Summit office with Lyons and Larkin) that was satisfied on 4/14/05 with a payment on $1,059,014.56, according to a Release of Trust Deed filed on 7/13/07. Other than the underpayment and delay in filing the release, one other thing a bit odd about this one is that the Trust Deed states:

"The grantor warrants that the proceeds of the loan...are: primarily for grantor's personal, family or household purposes"

And what's $41,000 plus $15,000 or so in interest between golfing buddies?

I wonder if anyone reported that as income.

Anonymous said...

Ah bendbb and his crew are scrubbing again.

Bewert said...

Re: "They didn't do that as you can see," Tennant said Tuesday. "They made loans to the four principals, and they invested that money into different real estate ventures to benefit themselves." - OREGONIAN

and

These guys started investing in real estate in 2006? 2006? God no. Why in 2006? Man, were they ever asking for a spanking.

###

According to the records, about 220 loans to many friend and family going back to mid-2000.

$28,000,000 worth from 1/1/05 to 11/10/08, just a few days before the 11/15/08 posting of "financial difficulties".

These guys are scumbags.

Bewert said...

Re: Ah bendbb and his crew are scrubbing again.

###

Was at Pegasus talking to Dunc a couple of days ago and he said "Every time I go there, there are fewer messages!" Funny.

Anonymous said...

Remember when we were arguing about whether the loans "meant" anything?

This looks worse by the day.

Anonymous said...

Bend has become Oregon's Stockton. You want to invest in West Virginia now. There's lots of flat mountaintop land available.


The year ends on a sour note for the beleaguered residential market as two leading indicators show foreclosure rates soaring while home prices sink in Oregon and elsewhere.

The bad news comes from RealtyTrac, an Irvine, Calif.-based firm that tracks foreclosure rates, and First American CoreLogic Inc., a Santa Ana, Calif.-based company that tracks home prices.

The foreclosure data was nothing short of terrible. RealtyTrac said 2,965 foreclosure-related actions were taken against Oregon mortgage holders in November, an increase of 142 percent over the past year and more than 4.3 percent over October.

Nationwide, there were 28.3 percent more foreclosures in November than a year ago. In one spot of bright news, the national foreclosure rate actually dropped 7.3 percent when compared to October.

According to RealtyTrac, there was some form of foreclosure action against one in every 488 households in the U.S. in November. Oregon fared somewhat better with a foreclosure action rate of one for every 535 households.

Deschutes County had Oregon’s highest rate of foreclosure activity with 397 actions, or one for every 183 households. Counties with low foreclosure rates tend to be in the state’s rural areas to the south.

Elsewhere:

• Multnomah County had 883 actions, or one per 347 households.

• Clackamas County had 367 actions, or 1 for every 406 households.

• Washington County had 423 actions, or one for every 475 households.

• Clark County had 365 actions, or one for every 427 households.

First American CoreLogic said local home prices decreased 9.05 percent in October, its most recent data. That’s about one point better than the national decline of 10.4 percent and a little better than the Seattle area’s decline of 9.4 percent.

First American said the October data indicate a steady annualized depreciation rate of between 10 and 11 percent for nine consecutive months. The states with the largest price changes were:

• California, down 28 percent

• Nevada, down 25 percent

• Arizona, down 20 percent

• West Virginia, up 5.88 percent

• South Dakota, up 3 percent.

Anonymous said...

Summit didn't have to declare bankruptcy. They could've just sold all their Bend properties to Porkchop. Porkchop's always looking to add to his collection of negative cash-flow tweaker pads. Hell he probably would've even put 30% down on each of 'em. Isn't that right Porkie?

Anonymous said...

"Who would have guessed?

This thing is going to run deep."


I believe it was Bruce (the real one) who brought this up a few days ago.

Someone on here gave him a lot of shit for that.

But he turned out to be right.

In the spirit of the season, give the poor bastard a little credit.

tim said...

I'm thinking it was maybe one of the fake Bruces that brought this up.

Anonymous said...

Marge said...
RUMOR>>Not yet comfirmed !!!!

Was just told that Summit Accomodaters has skipped town and possibly with some money that was not theirs..

Any confirmation from the gallery?

This was 9 days ago.
Then you all took the ball and ran with it. I heard there were closings that couldn't occur at a title company as there were no funds avalable.
You all have done a great job of digging up the real dirt on Summit and Bend.
Baby Jeebuz Smite Summit and P. Moss once again.
Hope all of your stockings are filled with Beans, Bullets, Booze and Bullion tonight. This might be the best Christmas for years to come.

Merry, Merry!!!

tim said...

Marge has staked her claim. You're right Marge. I remember that. You were first.

Three cheers for Marge!

Anonymous said...

I'm thinking it was maybe one of the fake Bruces that brought this up.

###

It was retarded bruce, and he still deny's his email is bewert@gmail.com.


Forest 'Bruce'? Simple 'Bruce'? Bruce Pussy? Mother Bruce? Father Bruce? Real Bruce?

I remember at one time there used to be dozens of Busters in any given day.

Now everyone has gone PUSSY with OREO having been elected.

The problem is that OREO is NO fucking PUSSY, he is a PUG's PUG.

Anonymous said...

Remember when we were arguing about whether the loans "meant" anything?

This looks worse by the day.

###

We had to rhetorically ask these questions, as public records had been there all the time.

The iceberg is still not fucking visible.

What we have is a huge tax evasion program where everyone in Bend was playing tax-shelter, and now saying "who could have known".

Well, within minutes of DEMANDING that loan proof be provided the troops here brought forth PROOF that the loans existed.

The critical issue right now is that the SAI folk are saying they didn't 'invest' in BEND RE until 2006.

I think we can prove otherwise, its MY HUMBLE OPINION that investors KNEW that funds were going into BEND RE all along.

Only when the BEND RE went south POST 2007 did the 'BEND RE TAX-SHELTER PYRAMID SCAM GO SOUTH'.

Participating in an illegal tax shelter is a crime. The so called 'victims' had better do more than scream "I'm a victim, I didn't know", BULL SHIT.

DUE DILIGENCE just a little DUE DILIGENCE could have would have shown that the funds were being used to 'invest' in BEND RE.

We just have to find when it really started, and find out if they ever promoted the fact. Too many people were involved, for not everyone to have known.

Look closely at the CACB(P-MOSS) connection, look closely whose property was bought?, who were the buyers??

Anonymous said...

The thing to look for right now isn't personal loans, it was BUYING BEND RE pre 2006 with the commingled funds.

The allegations currently on the bankruptcy filing is that all purchases of 1031 money were post 2006, if we could prove they were doing this pre 2006, the IRS would be very fucking interested.

Anonymous said...

So simple-bruce ( Seen Tropic Thunder? ) has founds loans back to 2004, what did they do with the money?? Most likely they bought real-estate, was it for collective investment, personal??

My guess is that you see this recurring clause 'For personal use' on every loan, the fact they were buying the RE for themselves and not the FUND may protect their ass from running a fraudulent tax-shelter.

Like somebody said, when you have two lawyers, and two CPA's, the odd's of anyone going to jail are fucking slim. These boyz KNEW what they were fucking doing.

What has to be found is a PUBLIC notice that they were using the commingled FUNDS to float Bend Real Estate pre 2006, and post.

There is much talk about 'personal land' purchase with the personal funds, and peeling the water, did these profits go back to the FUND? Then they may have NOT been personal!!!!

Anonymous said...

Will 'Forest Bruce', please find the 1031-summit bankruptcy filing, and post it, ...

If you want it email the OREGONIAN guy, he'll send it to you, we need to get on a website.

'Bruce Pussy' don't you think its time to update your JR site, with the fact that Patricia Moss of Knife-River is pushing all of the city's debt towards folks who give her $50k/bi-monthly??

Anonymous said...

"Forest Bruce" If you email Jeff, he'll send you the 1031-summit Bankruptcy filing.

Brent Hunsberger: 503-221-8359; brenthunsberger@ news.oregonian.com, www.oregonlive.com/itsonlymoney

Jeff Manning: 503-294-7606, jmanning@news.oregonian.com

tim said...

I think that lady in the Oregonian story with the ranch is the very talented artist who did the horse in the roundabout.

Anonymous said...

A Bend firm specializing in tax-sheltered land deals has filed for bankruptcy after using millions of its customers' money to fund its owners' ventures, allegedly without permission.

###

This is the SLANT that the BIG ZERO hit on the HEAD.

That 1031-summit was junk tax-shelter outfit, specializing in 'land deals' to cheat the government out of taxes.

The US Treasury will REAM everyone within arms reach of this customer or principal.

Bend is a FRAUD, but tax-shelters will get you fined like a hell, nobody might go to jail, but the tax liens will wipe most players out.

With NO statue of limitations.

Anonymous said...

Like Marge say's its critical on all this to go back to 2003, this is when Patricia Moss (CACB) put the whole New-Bend way of doing business into gear, on behalf of her handlers.

Anonymous said...

The credit for un-covering the 1031-summit deal doesn't go to the pussy, he didn't do shit, it was bendbb. Had he not deleted all the posts nobody would have known it was true.

BENDBB is always the shit-detector, if you post truth he'll delete, thats when you know the issue is real.

The pussy as always did shit, well accept he threatened to file a fraud complaint on 1031-summit, ... a long list of pussy complaints.

Anonymous said...

Awesome scandal guys! Top notch! When is the next one?

Anonymous said...

I am not sure how many of my clients have used SAI in the past 10 years for exchanges..never had a problem. But... I assure you my clients were never aware their money was anywhere other than a safe account, a trust account that was insured. I can't believe the public trust may once again have been breached by greed.
Hang'em from the yard arm if all this is true. It seeems to have a fair amount of dirt on the crust. ope the Fed's can sort this out.

Anonymous said...

I find it hard to believe that these guys were able to take out Millions for the past four years, and have dozens of people involved and nobody knew what was going on.

Hell once this group was told to check public records, it was all out there in hours.

I find it very hard to believe that customers didn't know their money was being invested in Bend Land.

What about the water-rights being peeled off Marge, who bought that shit once the water-rights were removed??

People today are 'surprised' Madoff surprised.

I bet that the same people were flipping RE every 180 days all along, and letting their money FLOAT in the 1031-summit pool, and on paper all were making money.

It wasn't until REDEMPTIONS were DUE on the de-leveraging since summer of 2007, that the racket imploded.

Simply too many fucking people involved in this one for everybody to play fucking BEND-STUPID.

This whole COVA/CORA rhetoric "WHO COULD HAVE KNOWN" is bullshit DUE-DILIGENCE.

If you 'invest' in a tax shelter FRAUD the IRS fucks you in the ASS, DUE DILIGENCE.

Bewert said...

Yes, Mike, I'm trying to get the BK filing to post. I'm very interested in the list of creditors.

Anonymous said...

Yes, Simple-Bruce, we know your busy with all these 'complaints'. Not a fucking chance will any Bend Fraud ever going down, ever...

Here's a good one for Simple-Bruce to prove the point,...


Federal Cases Of Stock Fraud Drop Sharply Under Bush

Article Tools Sponsored By
By ERIC LICHTBLAU
Published: December 24, 2008

WASHINGTON — Federal officials are bringing far fewer prosecutions as a result of fraudulent stock schemes than they did eight years ago, according to new data, raising further questions about whether the Bush administration has been too lax in policing Wall Street.

Legal and financial experts say that a loosening of enforcement measures, cutbacks in staffing at the Securities and Exchange Commission, and a shift in resources toward terrorism at the F.B.I. have combined to make the federal government something of a paper tiger in investigating securities crimes.

At a time when the financial news is being dominated by the $50 billion Ponzi scheme that Bernard L. Madoff is accused of running, federal officials are on pace this year to bring the fewest prosecutions for securities fraud since at least 1991, according to the data, compiled by a Syracuse University research group using Justice Department figures.

There were 133 prosecutions for securities fraud in the first 11 months of this fiscal year. That is down from 437 cases in 2000 and from a high of 513 cases in 2002, when Wall Street scandals from Enron to WorldCom led to a crackdown on corporate crime, the data showed.

At the S.E.C., agency investigations that led to Justice Department prosecutions for securities fraud dropped from 69 in 2000 to just 9 in 2007, a decline of 87 percent, the data showed.

Federal officials took issue with some of the data compiled by the Syracuse group and said that they had maintained a strong commitment to rooting out fraud and abuse in the stock markets. While the S.E.C. could not provide numbers of its own on criminal cases arising from its investigations, Scott Friedstad, the deputy director of enforcement at the commission, said the numbers did not reflect “the reality that I see on the ground.”

“We are as committed as ever to vigorous enforcement efforts,” he said.

But a number of investor advocates and securities lawyers who are critical of the S.E.C.’s recent performance say they will be anxiously watching the incoming Obama administration to see what steps it may take to restore the agency’s battered credibility and re-establish it as a watchdog against corporate abuse.

President-elect Barack Obama has named Mary Schapiro, head of the Financial Services Regulatory Authority, to lead the S.E.C, and he has promised an overhaul of the agency and other financial regulatory offices to provide tougher oversight.

“I think the S.E.C. has completely fallen down on the job,” said Jacob H. Zamansky, a New York lawyer who specializes in representing investors who have lost money in fraud cases. “They’re more interested in protecting Wall Street than protecting investors. The new administration has to do a complete overhaul of the S.E.C.”

The F.B.I., which frequently investigates stock fraud cases either on its own or in partnership with the S.E.C., has also had a sharp decline in the number of white-collar cases it has brought in the last several years — partly a reflection of a huge shift in staffing and resources to counterterrorism operations since the Sept. 11 attacks, officials said.

David Burnham, co-director of the Syracuse research group, which is known as the Transactional Records Access Clearinghouse, or TRAC, said the decline in stock fraud prosecutions growing out of the F.B.I. “really is no surprise. It’s a reflection of a choice that was made right after 9-11 to move investigators into terrorism, and this is the cost of that.

“Maybe it’s the correct call,” he added, “but with both the F.B.I. and the S.E.C., the federal government is really the only place that does white-collar crime on a systematic basis.”

The economic collapse of the last few months has brought intense scrutiny of the S.E.C. amid accusations that it failed to foresee and prevent the collapse of one major financial institution after another as a result of risky overinvestment in mortgage-backed securities.

“As an overheated market needed a strong referee to rein in dangerously risky behavior, the commission too often remained on the sidelines,” Arthur Levitt, who served as chairman of the S.E.C. during the Clinton administration, told the Senate Banking Committee in October.

The Madoff scandal, now under investigation by federal prosecutors in Manhattan, has ratcheted up criticism even further.

Christopher Cox, chairman of the S.E.C., ordered an internal investigation last week into what he said were the agency’s “multiple failures” to investigate credible allegations of wrongdoing by Mr. Madoff.

The S.E.C.’s own data suggests that the agency has put increasing emphasis on using non-criminal means, like civil fines and what are known as deferred prosecution agreements, in dealing with allegations of wrongdoing. The number of S.E.C. cases handled through civil or administrative remedies has grown from 503 in 2000 to 636 this year.

Critics of the S.E.C. also attribute the decline in criminal cases to shortages in staffing and resources in the agency’s investigative units, policy changes that have reduced the authority of investigators to pursue cases on their own, and a “revolving door” phenomenon that has led investigators to leave the agency for high-paying jobs in the industry that they once helped to monitor.

“It’s been awful,” Sean Coffey, a former fraud prosecutor in New York who now represents investors in securities litigation, said of the S.E.C.’s recent enforcement record. The agency has “neutered the ability of the enforcement staff to be as proactive as they could be. It’s hard to square the motto of investor advocate with the way they’ve performed the last eight years.”

Mr. Coffey said he believed the declining number of stock fraud prosecutions is partly a result of the backlash the Bush administration experienced after its aggressive pursuit of corporate crime following the Enron collapse in 2002, which led to the creation of a national task force on corporate wrongdoing.

In the last few years, he said, “the administration has been sending the message that we’re going to loosen the binds on the market to compete in the global marketplace, and they’ve pulled the throttle back on prosecutions because it wasn’t politically necessary anymore.”

Anonymous said...

MERRY XMAS KUNTS

Fed Clears GMAC Plan To Become A Bank Holding Company -
Move Will Benefit General Motors

By Binyamin Appelbaum
Washington Post Staff Writer
Thursday, December 25, 2008; Page D01

The Federal Reserve gave General Motors a crucial boost yesterday by approving a request from GMAC, which provides funding for most of the automaker's dealers and many of its customers, to become a bank holding company.

The move gives GMAC access to new sources of funding, including a potential infusion of taxpayer dollars from the Treasury Department and loans from the Fed itself.

The financial crisis has limited the company's access to other funding sources even as it struggles with mounting losses in its portfolio of auto and home mortgage loans. That has limited its ability to make loans, constricting GM's ability to sell cars.

In return, the company is subjecting itself to regulations that could force changes in some business practices and limit its future profitability. For example, GMAC will need to hold more money in reserve against its portfolio of outstanding loans. The Fed also required GM, which owns 49 percent of the company, and Cerberus Capital Management, the private-equity firm that bought 51 percent of the company from GM in 2006, to divest much of their ownership stakes, because commercial companies are not allowed to own banks.

"Today's announcement marks a key turning point in GMAC's history," chief executive Alvaro G. de Molina said in a statement. "It is critically important to our company and to the broader economy to resume responsible lending to consumers and businesses."

The Fed's approval ends weeks of uncertainty for GMAC. The company said that it needed 75 percent of its bondholders to agree to change the terms of their investments, but many had balked at the proposed concessions. The company also said that it needed additional investments from other sources to meet the Fed's requirements for the amount of money a bank must have on hand.

A company spokeswoman declined to comment yesterday on how the company had met those capital requirements.

The Federal Reserve Board granted GMAC's application on an emergency basis, shortening its normal review process. Emergency approval has become the Fed's routine practice this fall as it offers shelter to companies including investment banks Goldman Sachs and Morgan Stanley and credit card lenders American Express and Discover Financial Services.

In this case, as in the others, the Fed said the reason was the economic crisis.

"The proposal would benefit the public by strengthening GMAC's ability to fund the purchase of vehicles manufactured by GM and other companies and by helping to normalize the credit markets for such purchases," the board wrote in granting the application.

The Bush administration last week extended $13.4 billion in emergency loans to GM and Chrysler, plus another $4 billion in February if they meet certain conditions, to keep the companies out of bankruptcy long enough to begin carrying out restructuring plans.

GM must now reduce its stake in the auto lender below 10 percent, from 49 percent. GM has three years to sell the rest of its shares, which in the interim will be placed in a trust that the company does not control. The automaker and GMAC also agreed to unwind a number of exclusive agreements, freeing GMAC to offer financing on equal terms to customers of other car companies.

Cerberus and its chief, Steve Feinberg, must reduce their stake below 15 percent, from 51 percent. The private-equity fund plans to distribute its GMAC shares proportionally among its investors.

Opponents of the Fed's action had complained that GMAC's ownership structure violates the traditional separation of commercial and banking companies. GM and Cerberus are likely to remain the largest shareholders in GMAC and could continue to exert significant influence.

As a result, the Fed's decision was not unanimous. The newest member of the Federal Reserve Board of Governors, Elizabeth A. Duke, voted against the application, while four governors voted in favor. Duke is the only member of the board who has worked in the banking industry.

Anonymous said...

>>>What about the water-rights being peeled off Marge, who bought that shit once the water-rights were removed??<<<<

The water rights sales have been going on for many years. It's shit and the big BOYZ have had their way with them. Brasada is another example of offing the rights for future credits with the Conservancy, in order water a golf course.Just check your water rights at the door and get $$$'s or future benefits. I hate rape and pilage of land. Since leaving So. Cal in the early 70's I watched as they raped the Irvine hills, I have been puking about that kind of gross developement evr since. The beautiful Awbey Hills now destroyed and residents complain about the deer. Fuck them, the deer were there first.
Good on you all digging deep on SAI. Wish we could find the same shit on the BIG BOYZ. We know it's there somewhere. As they say "As the tide goes out, we will know who wears what".

Again,

Merry, Merry!!!

Anonymous said...

IS EVERY FUCKING THING IN BEND A PONZI SCHEME????

Bernard Madoff, former chairman of the Nasdaq, has apparently been running a Ponzi scheme. According to some, he stole $50 billion--$1 billion for each of his 50 respected years on Wall Street.

The news coverage of this latest Wall Street scandal amuses me. It's shocking, commentators say, that something like this could have happened. The only shocking thing is that more individuals and firms on Wall Street haven't been accused of/caught running Ponzi schemes. After all, what types of individuals work in the financial sphere? Isn't greed one of the primary qualifications? Finding a fraudulent investment business on Wall Street is about as surprising as finding a liquor cabinet empty after entrusting it to an alcoholic.

Another amusing aspect of the Madoff scandal is who the victims are. Henry Blodget, the ever entertaining host of Yahoo! Finance's Tech Ticker (not a stranger to scandal himself), reported that some of Madoff's investors knew something fishy was going on. That's why they invested. No one could produce such high, steady returns year after year with such a safe investing strategy. While they were being cheated, they thought Madoff was cheating others through insider trading. Serves them right. It won't be at all surprising if all these thieves in their own right get compensated for their losses by their government friends. (It would be nice if innocent victims were compensated, though.)

A Ponzi scheme is a simple thing. The thief sets up a fake investment enterprise, and persuades his friends, coworkers, etc, to invest in it. He then sends them statements or even cash dividends, showing that the investment is going well. This attracts more money from the original investors and new ones. Should any investors wish to withdraw their money (in normal circumstances most won't, because their statements show that their investment is doing well), the money from newer investors is used to pay them. Early investors who decide to withdraw their money are paid by the funds new investors deposit. On it goes, until the thief's greed is satisfied and he makes off with the money or there aren't enough new investors to fund the redemptions of earlier investors.

The latter is what happened to Madoff. Losing money everywhere else, too large a number of his investors were forced to redeem their deposits. If the markets hadn't crashed, it's quite possible Madoff's scheme would have gone on much longer, and some of his investors could have made money (if their orderly withdrawals coincided with equal or larger new deposits).

This brings me to some of the Ponzi-like schemes almost all of us participate in.

Stocks: We buy paper with the hope that some sucker in the future will buy that paper from us for more than we paid. (Perhaps not quite as true with dividend paying stocks).

Social Security: The money deducted from our paychecks isn't put away for our future use. Rather, it is used to fund currently retired workers. When we retire, those who work then will fund our SS payments. If this isn't a Ponzi scheme, I don't know what is: early investors are paid by the contributions of new investors. The entire thing is based on the premise that there will be more and more workers in the future. It's far from certain that this premise is true.

Our Economy Before the Credit Crisis: People took out loans on their houses and bought junk. When their houses rose in value, they took out larger loans, repaid the old loans (early investors paid off with the deposits of later investors), and bought more junk. Repeat this a few times. Then some of the loans reset at higher interest rates and couldn't be paid back (more redemptions than can be funded by new investors). This triggered more loan defaults, and the buying of less junk, which resulted in more defaults.

Government (and Corporate) Bonds: You buy a government bond. The interest the government pays you comes from the money it borrows from others, that is, other bond buyers (and to a lesser and lesser extent tax revenues). When your bond matures, the government pays you with more borrowed money (and to a lesser and lesser extent from tax revenues).

Insurance (car, medical, loan default, unemployment, stock broker, etc): This is just like Social Security. We pay a premium to the insurer in exchange for compensation when an event insured against occurs. When the event insured against happens (doctor's visit, stolen or damaged property, etc), the insurer funds our compensation from others' premiums. That is, it's like having new investors pay for the redemptions of earlier investors. If the insurer has too many claims, it won't be able to pay all its clients. Some state unemployment funds are facing this problem. As unemployment rises, they have to pay out more benefits while the premiums they collect get smaller. The last workers, while paying everyone's benefits, will get nothing when they lose their jobs.

Bank Deposits: Not quite a Ponzi scheme, but close. We put our money in the bank, and the bank is supposed to invest it. Put another way, the bank borrows money from us and lends it to others. At some banks we get interest for our trouble. Withdrawls are funded mostly by new depositors, or with other borrowed money. Should a large enough percentage of depositors want their money back at once, the bank will fail. Assuming there's no insurance, not all the money will be returned, as some of the bank's investments will not be good ones.

There are many more Ponzi schemes, I'm sure.

As long as there is confidence, a Ponzi scheme can work for a long period of time. Nevertheless, its design is such that it cannot work indefinitely. Either confidence is lost or it grows too big to be sustainable, and the whole thing collapses. Ponzi scheme collapse isn't just possible - it's inevitable.

So what do we do? Press our policy makers for reforms. Build systems that aren't pyramid schemes. And if you're forced (or choose) to participate in Ponzi schemes, try to get paid in cash or real assets that you can use even if no one wants to buy them from you. For example, if investing in stocks, prefer dividends. Convert some of that cash into stuff you can use just in case cash becomes worthless, etc.

Anonymous said...

FUCK ME, FUCK ME, FUCK ME HARD 1031 HARD ...

1031 Exchange Scams Can Devastate Investors
Posted by Phil De Carolis at 8/13/2008 3:05 PM and is filed under Real Estate Advice By Ilyce Glink

By Ilyce R. Glink

A recent report in the Wall Street Journal highlighted yet another 1031 exchange company that had stolen investors' funds and used them to fund an expensive lifestyle.

Thousands of real estate investors have used 1031 exchanges to defer capital gains and other taxes due when buying replacement investment property. When the rules are properly followed, a 1031 exchange -- also referred to as a Starker trust or Starker exchange -- allows a real estate investor to buy and sell real estate without having to pay any federal income taxes on the sale of the property. The payment of any taxes is deferred until the owner of the property dies or sells the property and does not use a 1031 exchange.

1031 exchanges are generally used for real estate transactions but can also be used for investments in other types of properties, including airplanes, cars, trading cards and even musical instruments. But these investments have to be true investments, and the sale of one must be followed by the purchase of another like-kind investment: a real estate asset for another real estate asset, or an airplane for an airplane.

According to Scott Nathanson, senior vice president of Nationwide Exchange Services, a company that acts as a qualified intermediary, the problem is that 1031 exchange companies are unregulated, and security isn't high on their list of priorities.

"Making sure that (investors') 1031 funds are secure is expensive and time-consuming," Nathanson says. "So a lot of 1031 exchange companies don't do it."

In the past few months, Nathanson says, the faltering economy and slowing real estate market have meant trouble for many 1031 exchange companies that aren't quite on the up and up.

In Chicago, two attorneys who operated small 1031 exchange intermediary companies in addition to their legal practices were found to have skimmed $1 million, in one case, of investors' funds. In one of the cases, the attorney skimmed a little bit from each of the investors' funds over many years, Nathanson explained.

But the sheer magnitude of some of the cases, which Nathanson and investigators refer to as Ponzi schemes, is startling.

In Denver, the owner of the Southwest Exchange Inc. acquired a number of small 1031 exchange companies, combined them together and then took $100 million of $150 million in funds to invest in some European breast implantation technology.

"As long as there is new money coming in that you can use to pay out the 1031 exchange funds that have to go out, you're OK," Nathanson explains. "But as soon as the market slowed, he needed to get those funds back into the 1031 exchange company, but apparently couldn't."

On the East Coast, the owner of another 1031 exchange company used the company as his private piggy bank, pulling another $100 million out of it for personal use.

Nathanson says that real estate investors looking to do a 1031 exchange should ask companies a few basic questions to help establish where their funds will be held and how safe they are.

First, ask where the funds will be held and how they will be held. Nationwide Exchange Services, which Nathanson believes is the only 1031 exchange company that is Sarbanes-Oxley Section 404 compliant, holds funds only in FDIC banks. Not only that, the funds are held in a special escrow trust account so if a bank goes under, the funds are safe even if there is more than $100,000 in the account.

Nathanson says it takes an extra day to get the funds out of the special trust account, "but it's amazing how patient people have become in the wake of the Indymac Bank failure."

Next, ask if the 1031 exchange company has a fidelity bond and if you can get a copy of it. Nathanson says his company has a $55 million fidelity bond to protect customers.

"In a bad economy, where 1031 exchange companies cut corners is with the bonds, which can be expensive," he adds.

Finally, ask if the 1031 exchange company carries errors and omissions insurance on each exchange. The answer you're looking for is yes, because the E&O policy covers mistakes such as funds being erroneously wired to the wrong location.

If you have 1031 exchange funds held with a company that doesn't follow best security practices, the end result can be devastating.

"The IRS is unforgiving on this issue because they say you have the right to choose any 1031 exchange company you want. If you choose a company that turns out to be a bunch of crooks, the IRS says it's your problem. You still owe the taxes," even if you can't buy a replacement property and you have lost your money, Nathanson explains.

How much could you owe? If you failed to complete the 1031 exchange for any reason, you'd owe capital gains tax on your profit, any state taxes that would have been due and the recapture on any depreciation you took.

In short, you could be completely wiped out, especially if you have been doing 1031 exchanges over and over again, deferring hundreds of thousands of dollars in profits.

"It's most people's life savings, and they never ask these important questions about security. What we are often asked is why we're going to keep the funds in a trust account that only earns 2 percent," Nathanson says. "They keep asking if there isn't a place where we could earn a little more."

Anonymous said...

Tuesday, May 29, 2007
1031 woes

One of my friends and former colleagues agreed with me some years ago that someday, if circumstances did not change, there was going to be an S&L-like scandal involving tax-deferred exchanges under Section 1031 of the Internal Revenue Code. My opinion was that a few bad apples pushing 1031s were not selling their product to appropriate parties; e.g. pushing a tenant-in-common share of a highly leveraged, somewhat risky commercial property on a an elderly person whose life savings were tied up in this exchange. So far, thankfully, no major scandals of this ilk have surfaced on my radar screen.

But the WSJ over the weekend notes a different problem: at least two good-sized 1031 exchange accomodators (in other words, the party holding the money for up to 180 days while the person wanted a tax deferral figures out what to do) have been allegedly misappropriating funds, running Ponzi schemes or otherwise losing peoples' investments. (Again, at the risk of sounding like a lawyer, these are all allegations). I sure hope these people get their money out, and it looks like the IRS is watching over this situation and will hopefully be lenient to these taxpayers.

I remember a client asking me if I could be the exchange accomodator. Nope. That is not allowed, though I have heard rumors of situations like that occurring notwithstanding the prohibition. What would I do if I were 1031ing funds? I'd use a company that is affiliated with a bank or a title company and has significant experience with 1031s.

Anonymous said...

IF YOU TAKE a 1031 DICK in the ASS what can you expect??? ....


The recent difficulties of Qualified Exchange Services (QES) in Santa Barbara and its affiliate company Southwest 1031 Exchange in Nevada have raised concerns by real estate investors about the safety of the 1031 exchange process and how to select an honest facilitator to control their money during transactions. For the uninitiated, a tax-deferred exchange is a method for selling and buying investment real estate without paying capital gains taxes.

Internal Revenue Code §1031 provides the basis for these transactions and requires the use of an independent entity – a “qualified intermediary” (QI). The QI receives and holds money from the sale of property until replacement property can be purchased. During the time funds are held, they must be beyond the control of the investor and, more importantly, under the control of the QI or the transaction may become taxable under IRS regulations. The QI industry is unregulated, so each company works differently to meet IRS exchange requirements – a recipe for confusion and potential disaster.

Since the delay between the sale and purchase can be as long as 180 days, a QI can control substantial sums of money over many months.

The failures of QES (approximately $12 million missing) and its affiliate Southwest Exchange (approximately $90 million missing) are creating shock waves in real estate circles, causing investors to search for clues to select a safe, experienced and knowledgeable QI.

While there are no magic bullets here, there are important questions to ask when looking for a qualified, honest facilitator who would be holding potentially large sums of money during a tax-deferred exchange. Here are a few.

Protecting Your Assets

A good first question to ask is what “security” is provided for funds held? Some companies offer a unique Bank Guaranty. The bank holding the funds guaranties to the investor that the funds are safe and will be available to acquire replacement property. Many banks offer this protection to exchange corporation clients at no charge. Such security arrangements at other qualified intermediary companies can include third party guaranties, standby letters of credit and qualified trust accounts.

A second question should focus on how the money is managed while it is under the control of the QI. Each exchange account should be segregated from other funds so the safety of the funds can be instantly determined.

Unfortunately, most QIs commingle funds in a single account, usually to increase the interest the QI can earn during the holding period. This is how QIs pay themselves an amount greater than what they openly charge their clients. QIs may earn 2% to 4% interest on the funds while they’re holding them. Some have kept 100% of that interest. Until recently, less than 10% of QIs nationally allowed their clients to earn the interest. The IRS is currently looking at requiring QIs to disclose to clients the portion of interest the QI has taken. Providing clients with factual knowledge of the total fees paid for their exchanges could reduce the incentive for commingling funds.

A good third question to ask: Is the QI bonded and what does the bond cover? Superficially, a fidelity bond sounds like good protection, but bonds usually only cover theft by employees, while misuse of funds by QI owners is not protected. In the QES/Southwest situation, there appear to be two problems with the bond they advertised. First, the owner may have let the bond lapse. (It cost the company approximately $60,000 a year to maintain the bond.) Second, because the employees are apparently innocent of theft in this situation, it appears the bond may not have covered the losses anyway. Furthermore, protection is for loss of funds only and will not cover tax liabilities and other costs investors might incur in connection with attempts to recover their funds.

A tax liability arises when property is sold in an exchange and new property is not acquired within the allotted 180 day period. Investors who have lost money in the QES/Southwest situation will be unable to reinvest their “gain” into a replacement property within the “exchange period” so the income consequences (the capital gains) from their failed exchange will be recognized this year. Their tax deduction for the loss of funds, however, will not be available until those funds are determined to be uncollectible by IRS standards, which could be years from now.

The QI industry has long been in danger due to lack of regulations and standards. The Federation of Exchange Accommodators has ethical and moral requirements for membership, but unfortunately, QES and Southwest Exchange were members in good standing until it was too late to protect anyone. One might look to governmental regulation as a solution, but even if such regulation did exist, rules could not have prevented Southwest principal Don McGhan, whose questionable reputation was apparently of record, from gaining control of QES’ exchange proceeds. Why? Because anyone can offer to buy a QI’s book of business, just as anyone can offer to buy any kind of privately or publicly held company in America. It’s up to the selling QI’s principals to carefully scrutinize any offer they receive from a buyer before accepting it.

Unfortunately, no matter what the reason for lost funds, when any element of the 1031 exchange system fails, the result for clients is tragic. Thus, the experience and expertise of every QI and its principals are paramount. While again not foolproof, some protections do exist:

1. Learn as much as possible about prospective companies.

2. Look to “experienced” CPAs, attorneys, banks, reputable Realtors and real estate investors for referrals. Ask who they have worked with and referred clients to in the past. Recommendations based on friendship or insufficient knowledge of a QI is not good enough.

Anonymous said...

1031 THEFT here is a story how you can just keep doing it forever, well until your bubble is done, ... Note the whole deal here is MOST 1031's were imploding 1-1/2 years ago, but we're BEND we're 1-1/2 years in LAG, ...


Southwest 1031 Exchange Exposed

A class action lawsuit has been filed against Qualified Exchange Services, Southwest Exchange, Don McGhan, MediCor Ltd., and a host of others by Hollister & Brace, Attorneys at Law of Santa Barbara, CA. The 37-page filing makes for an extremely fascinating read.

First, I'm not an attorney, I'm a real estate agent who specializes in 1031 Exchanges. So there are a few things with the filing that I'm not totally clear on. The rest of it I will summarize to the best of my ability. If you have the time and interest, you should download the filing as it opened a whole new window into the background of this situation.

Basically, the filing alleges Donald K McGhan along with a handful of others discovered it was possible to exploit the huge lack of regulation in the 1031 Exchange industry. McGhan, the father of the breast implant, already had a history with the Securities Exchange Commission for filing false and misleading statements.

This is where I have to ask the question...am I the only person in the world who knows how to use a search engine? I've been able to dig up a whole lot of dirt on McGhan. Most of it has been on the Internet for year.

So McGhan and his buddies (I will name them in the next post) decide to buy Southwest 1031 Exchange in June of 2004. Using Capital Reef Management (a Delaware Corporation controlled by McGhan and family members), they purchase Southwest Exchange from Betty Kincaid for $3 million and she retains 25% control.

McGhan and buddies raid the coffers of approximately $50 million. This little theft goes unnoticed because the real estate market is booming and their investment adviser (John DeMarginy then of Smith Barney) is in on the deal.

This goes so well that the band of merry thieves buys Arrow 1031 Exchange in Boise and does the same thing. Then the market starts to slow and panic sets in because they can no longer cover for the missing money. What do they do? Well, they decide to purchase Qualified Exchange Services of Santa Barbara. They raid $10 million from this company and know the jig is up.

Certainly you realize this is an exceptionally brief summary of the deeds but I just wanted to get an overview before I start diving into the meat.

Anonymous said...

http://bendeconomy2.informe.com/forum/key-to-understanding-1031-summit-is-study-other-1031-bk-s-dt198.html#384


FUCK ME FUCK ME 1031 FUCK ME GOOD

Anonymous said...

"The grantor warrants that the proceeds of the loan...are: primarily for grantor's personal, family or household purposes"

Southwest 1031 Exchange Exposed - Part 3

Attornery's for Donald K McGhan have filed motions to dismiss the lawsuits filed against him in the Southwest 1031 Exchange, Arrow 1031 Exchange, and Qualified Exchange Services caes. The two filings are available for download here and here. Once again, this makes for fascinating reading.

Basically McGhan's attorneys contend that the lawsuit needs to be dismissed because Don McGhan (this is my summary and opinion, I'm not an attorney) had the right to direct funds as he saw fit and he cannot be held personally responsible. Of course, Don McGhan was the Qualified Intermediary of record with the State of Nevada, I'm not sure how much more personal responsibility there can be.

Anonymous said...

Yep, Not in BEND, nobody would have ever googled the principals of 1031-summit to see if they were using the 1031 money for personal use, ...

Southwest 1031 Exchange Exposed - Part 2

Robert Brace, the Santa Barbara attorney representing the class action lawsuit filed against Southwest Exchange and others, brings up a good point in his filing. Why didn't anyone Google Don McGhan?

Let's say I own a frozen custard stand. For years I've poured my heart and soul into frozen custard and now own the most popular custard stand in Arizona. One day I'm approached by a group of investors who offer to purchase my custard stand for a large amount of money. What is the first thing I do before I consider any offer? I hop online and Google their names, the names of their children, the neighbors, the dog, etc. There is no way I would ever consider selling something I built from the ground up without thoroughly researching those involved.

Anonymous said...

KUNTS HERE's a good story, another ITEM often missed as that not only do you lose your money, and owe IRS taxes on the first sale, but you also lose the downpayment on the next sale, and most often the seller of the subsequent sale sues you for failure to complete the transaction which can lead to a large damage award, ... TRULY an AWESOME BEND FUCK, ... This could be the JACKPOT for lawyers in PDX forever. ...

Southwest 1031 Exchange - A Victim's Story

Wayne and Greta Albritton are the type of people you wish were member's of your family. They own dogs. They worked hard in the Las Vegas entertainment industry, owned bars and restaurants, performed in shows, bought a cabin for investment, and eventually decided to move to Palm Springs, CA. A great life and a relaxing retirement on the horizon.

If you call performing in the Palm Springs Follies retirement.

The Albrittons decided to sell their cabin in Nevada and purchase an investment property closer to their Palm Springs home. All was well. They closed on the sale of the Cabin in early December, identified a replacement property and were scheduled to close on the replacement purchase January 26, 2007.

Little did they know using Southwest 1031 Exchange would possibly destroy their retirement dreams.

As January 26 approached, Southwest 1031 Exchange was contacted by the title company and by the Albrittons in an attempt to determine when the $433,000 from the sale of their cabin would be wired to the title company in Palm Springs. Eventually on January 26, Wayne reached Don McGhan and was assured he was walking across the street to the bank and taking care of it immediately. This was 11:00 a.m. that Friday morning. Don McGhan faxed a copy of the wire transfer to the Albrittons. Wayne and Greta left for work.

Later that afternoon at 2:27 p.m., Don McGhan left a message on their answering machine. He said there was a screw up with the coordination of the wire transfer and it would happen the next Monday morning and not to get other people involved.

Wayne and Greta are not stupid. They knew something was wrong. The drove to Las Vegas and went to Southwest 1031 that Monday morning to get to the bottom of the situation. No one was able to tell them what was going on or what to do so they went across the street to the bank.

Silver State Bank was the bank where Southwest 1031 conducted business. Wayne asked for the manager and showed her the 'receipt' for the wire transfer. He was told they could not help them. Frustrated, eventually Wayne and Greta left. They returned to Southwest 1031 and made no headroom there.

Today, the Albritton's don't know what happened to their money. They had to cancel the purchase contract in Palm Springs and face tax implications on the $433,000. They don't know how this is going to end or if they will ever see their retirement nest egg again.

This is what I know...I've seen the 'receipt' for the wire transfer. It is not a receipt but a print of an input screen at the bank. Did Don McGhan have access to the secure wire transfer functions at the bank? Did someone at the bank assist him in creating this false document? I can only hope one of the investigators involved in this asks these questions.

Many people were damaged in this. Their dreams now seem lost forever. They deserve help and they deserve answers.

Anonymous said...

HOMER might like this STORY the MAN who INVENTED BIG CALI FAKE TIT's, decided to 'retire' and bought 1031-exchange companys, and got MILLIONS FOR FREE, ... Best racket, and nobody ever goes to jail, after all the people 'gave' you the money, didn't get it back?? Sue my fucking LLC, ... FUCK YOU

Don K. McGhan, Southwest 1031 Exchange, MediCor

What do breast implants and tax-deferred exchanges have to do with each other? Apparently the infamous Donald K. McGhan might have the answer to that question.

Why would a man who has spent most of his life making breast implants decide to purchase three 1031 Exchange Qualified Intermediaries?

The MediCor website is currently being updated so I had to resort to Google Cache to research some of this.

From the MediCor Company History Page:

"Donald K. McGhan. Mr. McGhan is a founder of MediCor and has served as its chairman from its inception. Previously, Mr. McGhan was a founder and director of Medical Device Alliance, Inc., where he served as its chairman from its inception in 1996. Prior to that, Mr. McGhan was a founder and director of Miravant Medical Technologies, Inc., which was originally named PDT, Inc. Mr. McGhan was also a founder, chairman and president of Inamed Corporation from 1984 to 1998, founder, chairman and chief executive officer of McGhan NuSil Corporation, which was acquired by Union Carbide Corporation in 1990, and a founder, president and chairman of Immulok, Inc., which was acquired by Ortho Diagnostics Systems, Inc., a subsidiary of Johnson & Johnson in 1983."

On January 24, 2007 MediCor announced Don McGhan had resigned from the Board of Directors.

On February 6, 2007 David Keys, former chief executive officer of Southwest Exchange, resigned from Silver State's board of director. He was announced to board Jan 29.

Here is a press release I found from May 1, 2006:

BOISE, ID — May 1, 2006 — Arrow 1031 Exchange announced today that it had recently partnered with Nevada based Southwest Exchange Corporation to provide processing services for Arrow’s exchange transactions. This partnership will permit Boise based Arrow 1031 Exchange to expand their services along with providing increased financial strength to their customers. For example, each exchange transaction will now be protected by a Fidelity Bond in the amount of $20,000,000 and an Errors and Omissions policy of $1,000,000. Arrow 1031 will continue to maintain its depository relationships with local Idaho based financial institutions.

The strategic partnership of these two independent 1031 exchange companies has created a powerhouse of expertise in the field. Betty Kincaid, who founded Southwest Exchange Corporation in 1990, is a recognized exchange expert who worked with the Nevada legislature to craft legislation protecting clients using a Nevada registered intermediary. Betty is also the past President of the Women’s Council of Realtors. Kimberly Trent, President of Arrow 1031 Exchange, has been in the Real Estate industry for 18 years and has been in Boise, Idaho specializing in 1031 tax deferred exchanges since 1994. Vice President Christy Milliren has been in Boise’s real estate industry for 13 years and specializing in 1031 tax deferred exchanges since 1999. Both Kim and Christy (and a number of Southwest Exchange employees) have been awarded the designation of CES, or Certified Exchange Specialist, offered by the Federation of Exchange Accommodators, the professional trade association for qualified intermediaries. Southwest Exchange’s President and CEO, David Keys, is a CPA, Certified Management Accountant (CMA), Certified in Financial Management (CFM) and a Certified Valuation Analyst (CVA). Southwest’s CFO, Dean Koch, is a CPA and CVA. In addition, Southwest has two full time attorneys on staff. Kim and Christy are assisted in the Boise Arrow 1031 Exchange office by Laura Anderson, Marketing and Sales Representative.

As more investors use real estate investment as a wealth building tool, Arrow 1031 looks forward to continuing to provide the Idaho community with outstanding 1031 tax deferred exchange services. Kim, Christy, and the entire staff will continue to operate as the Arrow 1031 Exchange that you have grown to trust and respect. For more information about Arrow 1031 Exchange visit the Arrow 1031 online website www.arrow1031.com or call (208) 322-1031. Or for more information about Southwest Exchange Corporation, visit SEC online at www.SouthwestExchange.com or call 800.827.9150

Here is another press release:

"Southwest 1031 Exchange™ has two new affiliates!

BOISE, ID – Arrow 1031 Exchange announced on May 1 , 2006 that they have partnered with Nevada based Southwest 1031 Exchange™ to provide processing services for Arrow’s exchange transactions. This partnership will permit Boise based Arrow 1031 Exchange to expand their services along with providing increased financial strength to their customers. For example, each exchange transaction will now be protected by a Fidelity Bond in the amount of $50,000,000 and an Errors and Omissions policy of $1,000,000. Arrow 1031 will continue to maintain its depository relationships with local Idaho financial institutions.

SANTA BARBARA, CA – QES, Qualified Exchange Sevices, announced on October 20, 2006 that they partnered with Nevada based Southwest 1031 Exchange™ to provide processing services for QES’s exchange transactions. This partnership will permit Santa Barbara based QES to expand their services along with providing increased financial strength to their customers. For example, each exchange transaction will now be protected by a Fidelity Bond in the amount of $50,000,000 and an Errors and Omissions policy of $1,000,000. QES will continue to maintain its depository relationships with local California financial institutions.

The strategic partnership of these three independent 1031 exchange companies has created a powerhouse of expertise in the field. Southwest 1031 Exchange™ executives are Albert “Dee” Conton Jr., President who is a Nevada Realtor and native Nevadan. Dean Koch, COO/CFO is a CPA and CVA. Robert Noggle, Executive Vice President of Marketing and Education is a JD and CES and L. Gean Mundt, Vice President of Sales is a CES.

Arrow 1031 Exchange executives Kimberly Trent, President has been in the real estate industry for 18 years and has been in Boise, Idaho specializing in 1031 tax deferred exchanges since 1994 and is a CES. Christy Milliren, Vice President has been in Boise’s real estate industry for 13 years and specializing in 1031 tax deferred exchanges since 1999 and is a CES.

QES, Qualified Exchange Services, executives Kyleen Dawson, President has been in the real estate industry for 14 years and is a CES and Megan Amsler, Vice President has 7 years in the real estate industry and is a CES. The Santa Barbara office specializes in facilitating 1031 tax deferred, reverse and improvement exchanges.

Robert, Gean, Christy, Kim, Kyleen and Megan have been awarded the designation of CES, Certified Exchange Specialists which the Federation of Exchange Accommodators, the professional trade association for qualified intermediaries, awards this designation once you have had three years experience and pass the CES test.

As more investors use real estate investment as a wealth building tool, Southwest 1031 Exchange™, looks forward to continuing to provide outstanding 1031 tax deferred exchange services nationwide. "

Anonymous said...

This year, you may be wondering about the carbon equation of a Christmas tree. You may have replaced the old incandescent Christmas lights and their crazed, fragile bulbs with strands of L.E.D.’s that turn from green to blue. You may have given each other newly planted trees on the edge of the rain forest or traded the promise of future services with your friends.
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This may be the Christmas when you wonder, or are forced to find out, just how much of the material Christmas you can leave behind.

It may be the one that redefines Christmas entirely — for better or worse.

If you look back at the photos of Christmas 50 years ago — not that long a time, really — you can see what a simple place it once was. What you wanted for Christmas was a very short list of possibilities, and what you got was usually the single most possible thing on the list, plus a few of the articles your mother thought you needed. The intent was the same as it is now, more or less, but the means were so much fewer.

You may be finding a way to a new and simpler Christmas this year, but that was once the usual kind of Christmas. What it comes down to, perhaps, is saving Christmas from the idea that Christmas will save us — that the shopping we do this season will keep the economy afloat or give us the buoyancy we need for the coming year.

But, really, Christmas needs no saving. It does not exist apart from what we make of it. And, on its own, it cannot save us, though it contains the gestures of generosity and thankfulness that are halfway to being a better person, a richer community. Christmas is all the better for being a simple place, nothing more, perhaps, than two red cardinals, male and female, against the backdrop of a snowy field. They are there every day. The only difference is that today it feels like Christmas. -- NY Times


Merry Christmas everybody!

Anonymous said...

Bend Police: Girl, 8, and woman in her 20s hospitalized with gunshot Bend Bulletin - 37 minutes ago
Bend, Oregon (Bulletin) -- At least three people were found dead after a man dressed as Santa Claus started shooting at a Walmart in South Bend, police said Thursday

Anonymous said...

This is a who is who in who got rich in 1031's, today most are BK, ... Who would have guessed.


1031 Growing Pains

Oct 20, 2006 3:40 PM



Although the tenant-in-common (TIC) market continues to rake in a staggering amount of money, the industry finds itself in the throes of some major changes. Securitized TICs alone are responsible for raising $1 billion in equity per quarter during the third and fourth quarters of 2005 and the first quarter of 2006, according to data from Salt Lake City-based Omni Brokerage Inc.

But the meteoric rise of TICs is beginning to show signs of leveling off. The amount of equity raised slipped to $908 million in the second quarter, and initial projections for the third quarter called for $890 million to flow into TIC investments (see chart).

The TIC industry has experienced incredibly rapid growth — roughly 100% per year since 2002. So, a change to more moderate growth was inevitable, say industry experts. “This is a year where we reached some equilibrium in the market,” says Marc Paul, president and founder of Los Angeles-based SCI Real Estate Investments. Paul estimates that total transaction volume for TIC properties industry wide — both securitized and non-securitized transactions — will rise about 20% in 2006 to between $15 billion and $20 billion.

Demand remains strong, particularly for high-quality properties, Paul adds. SCI recently filled the $29 million equity commitment for ITC Crossing South in Morris County, N.J., in less than 90 days. Built in 2000, the 372,789 sq. ft. center is anchored by strong credit tenants such as Lowe's Home Improvement, Old Navy and Bed Bath & Beyond. The power center, which sold for $65 million, will deliver first-year returns of about 6%.
Buyer's market

Even though the robust transaction volume indicates a healthy market, those numbers don't tell the whole story. The time it takes to fully sell out a TIC investment has doubled and even tripled in the past year. As of Aug. 31, securitized TIC investments needed an average of 87 days to raise the equity capital, according to Omni. That is actually a huge improvement compared to July, when the average shelf life for TIC deals was a whopping 154 days.

Properties are sitting on the shelf longer for a variety of reasons. A jump in the 10-year Treasury yield earlier this spring coupled with incredibly low cap rates has caused investors to become cautious. The lull also is a reflection of more deals coming to the market. As of Aug. 31, there were 48 securitized TIC properties on the market — more than triple the 10 to 15 options that were the norm a year ago, according to Omni.

Another factor contributing to slower deal flow is a narrow distribution channel. “The sponsor community continues to grow at a fairly rapid pace, but the broker distribution channels have not expanded,” says Manuel A. Nogales, director of business development at Omni. Securitized TIC deals are dependent on licensed broker/dealer firms. About 60 broker/dealer firms represent 80% of the securitized TIC transactions.

Buyers are benefiting from the more competitive market with a wide variety of deals to choose from and plenty of time to make decisions. The increased competition also is expected to weed out some of the weaker sponsors and less-than-stellar TIC offerings. Omni is currently tracking 63 active securitized sponsors. Eight sponsors left the TIC marketplace during the second quarter, and five more sponsors have suspended TIC activity for the time being.

The industry-wide shakeout is expected to continue into 2007. “I think you will see a pretty stable product flow and continue to see some more of the marginal people exit the business,” says Clay Womack, CEO of Santa Monica, Calif.-based Direct Capital Securities Inc.
Calling all investors

As TIC properties continue to flood the market, the industry is clearly working to boost demand for its product. One goal is to bring more licensed broker/dealers to the table. Another option is to broaden the target client base.

So far, TICs have been fueled almost entirely by 1031 exchange investors. In 2002, the IRS issued guidance that qualified TICs as “like kind” properties eligible for use in 1031 tax-deferred exchanges. The ability to defer capital gains taxes has proved to be a huge draw. Yet other TIC attributes appear to be striking a chord with non-1031 investors.

One of the big incentives of a TIC structure is that it allows investors to buy a fractional ownership interest in higher-quality properties than what they could afford on their own. Investors also like TICs for the predictable income stream and low management responsibilities.

Initially, about 95% of the capital flowing into deals brokered by Direct Capital Securities came from 1031 exchanges. Now 15% to 20% of that equity is coming from cash investors, and Womack expects that percentage could rise as high as 40%. TICs appeal to older, more established investors who have built their wealth and are in the wealth-preservation stage.

Womack adds, “My prediction over the next two to three years is that if we continue to see quality TIC offerings and a price adjustment to where interest rates are, we will see even more cash investors.”
1031 & TIC INVESTMENTS LLC

310 - 4th Ave S, Ste 1100
Minneapolis, MN 55415
Phone: 612.253.1031
Fax: 612.253.1145
Contacts: Dan Werry, Padma Chintapalli

1031 & TIC Investments, LLC, provides nationwide property for 1031 and 1033 exchange replacements, as well as for investors seeking to make new Real Estate Investments. Our properties are designed for investors looking to make a lifestyle change by avoiding day-to-day management.
1031 EXCHANGE OPTIONS

1850 Mt Diablo Blvd, 5th Fl
Walnut Creek, CA 94596
Phone: 800.675.2424
Website: www.1031exchangeoptions.com
Contacts: Cary Losson, Founder & President; Mark Johanson, Executive VP - Client Services

1031 Exchange Options is a national real estate investment consultancy that helps clients acquire tenant-in-common (TIC) and triple net leased properties, through a 1031 exchange or direct investment. Headquartered in Walnut Creek, CA, 1031 Exchange Options has completed thousands of individual TIC transactions, representing billions of dollars of institutional-grade real estate. Securities offered through Sigma Financial Corporation, member NASD/SIPC.
ACCREDITED SOLUTION, LLC

5750 Sunrise Blvd Ste 220
Citrus Heights, CA 95610
Phone: 877.4AS.1031
Contact: W. Anthony Arnold, President and COO, Tony@AccreditedSolution.com

Accredited Solution, LLC, founded by William Swayne and Joseph Spagnoli, is a full service, personal financial planning firm. We specialize in bringing clarity to the otherwise complex world of 1031 Tenant in Common Real Estate transactions. Our Clients are individual investors and the clients of other Registered Representatives who desire Accredited Solution to facilitate TIC transactions with their clients. We are a client-centric organization dedicated to fulfilling the financial goals of each and every constituent. More information: call 1-877-427-1031 or attend one or our information sessions.

Securities offered through Pacific West Securities, Inc. Member NASD, SIPC. Investment advice offered through Pacific West Financial Consultants, a registered investment advisor.
ALTA INVESTMENT GROUP

9011 Soquel Dr, Ste. 100
Aptos, CA 95003
Phone: 831.688.7700
Fax: 831.688.1779
Website: www.altainvestments.com
Contact: Toni Sutherland

Alta Investment Group was founded with the goal of assisting our clients in every aspect of their financial lives. We've provided the most comprehensive and personal service available, thus earning a reputation for excellence in our industry. For each of our clients we strive to help create financial stability and security to provide financial independence.

Securities offered through Pacific West Securities, Inc. Member NASD/SIPC
ARGUS REALTY

205 Avenida Fabricante
San Clemente, CA 92672
Phone: 877.366.1031
Fax: 949.481.6748
Website: www.argusrealty.com
Email: tsnodgrass@argusrealty.com twilliams@argusrealty.com
Contacts: Tim Snodgrass, President; Todd Williams, Director of TIC Offerings

Since 2001, Argus Realty Investors, LP has acquired over $900 million of commercial real estate and has more than 8 million of commercial real estate and has more than 8 million SF under management. ARI offers investors the opportunity to participate in the ownership of institutional-grade commercial real estate, without the burden of individual property management through its Tenant-In-Common and private exchange programs and real estate investment funds. Our preferred property type is institutional-grade office and industrial properties in urban and suburban markets throughout the United States.
BAKER AND ASSOCIATES, LLC

P.O. Box 18837
Spokane, WA 99228.
Phone: 509.467.1011
Email: dave@baker-associates.com
Contact: David L. Baker

David L. Baker, CLU, CFP is a Real Estate Broker with 35+ years experience in the financial services industry. For a copy of “The 1031 TIC Exchange Strategy” on CD-ROM send $9.95 to Baker & Associates, LLC. Securities offered through Pacific West Securities, Inc member NASD/SIPC. One Renton Place, 555 S. Renton Village #700, Renton, WA 98055, 425.271.3550.
BAKER & MACKENZIE

One prudential Plaza, 130 E Randolph Sr
Chicago, IL 60601
Phone: 312.861.7590
Fax: 312.861.2899
Website: www.bakernet.com
Email: richard.m.lipton@bakernet.com
Contact: Richard M. Lipton

Baker & McKenzie is the world's leading global law firm with a strong leadership in the TIC industry. We are a leader in providing legal services to TIC sponsors, including particularly tax, corporate and securities advice, and the preparation of offering materials for TIC private placements. Visit us at www.bakernet.com or call 312-861-7590 to learn more.
BEACON REALTY CAPITAL, INC.

549 W. Randolph Street, Suite 700
Chicago, IL 60661
Phone: 312.207.0060
Fax: 312.207.1827
Website: www.beaconrealtycapital.com
Contact: Jim Ablan, Principal, 312.207.8233, jablan@beaconrealtycapital.com; Bill Johnson, Principal, 312.207.8234 bjohnson@beaconrealtycapital.com

Beacon Realty Capital, Inc., a Chicago-based commercial real estate financial services company, is among the nation's leading mortgage banking firms. Through our team's aggressive, thorough and creative approaches, we arrange debt and equity financing with various capital sources. Since 2002, we have arranged over 40 financings totaling in excess of $400,000,000.
CAPHARBOR, LLC.

8447 Wilshire Boulevard, Suite 100
Beverly Hills, CA 90211
Phone: 877.886.1031
Fax: 323.653.6233
Website: www.capharbor.com
Email: jshaw@capharbor.com, kjansen@capharbor.com
Contact: Jim Shaw, President & CEO; Katie Jansen, Vice President, Client Development

CapHarbor is a brokerage company serving the needs of 1031 investors who are seeking passively managed replacement properties (Single-Tenant, NNN-Leased properties by the whole and tenant in Common (TIC) interests on a fractional basis for accredited invstors. Visit us at www.capharbor.com or call 877-886-1031 to learn more about our services
CAPWEST SECURITIES, INC.

860 Osos St.
San Luis Obispo, CA 93401
Phone: 805.543.1031
Fax: 805.543.1038
Website: www.capwestsec.com
Email: jcederberg@capwestsec.com
Contact: Jeffrey S. Cederberg, Limited Registered Representative

CapWest Securities, Inc., established in 1992, is an independent, full-service brokerage firm with 72 licensed representatives and 11 branch offices nationwide. CapWest offers one of the finest selections of Tenant-In-Common replacement property inventories in the nation for your 1031 Exchange. Call us today to discuss your next investment opportunity.
COSTA FINANCIAL SECURITIES

1930 Harrison St., Suite 603
Hollywood, FL 33020
Phone: 866.405.1031
Website: www.1031alternatives.net
Contact: Grant Conness

Costa Financial Securities is a leading financial services firm, specializing in innovative tax- deferral strategies and 1031 Exchange replacement property solutions. Costa. Financial works in conjunction with owners of highly appreciated assets and their trusted advisors to develop a plan that will allow them to relinquish tax burdened assets more efficiently. To learn more please visit www.1031alternatives.net
COVINGTON REALTY PARTNERS

30 South Wacker Drive, Suite 2750
Chicago, IL 60606
Phone: 312.879.7560
Fax 312.669.1300
Website: www.covingtonrealtypartners.com
Email: mgoldstein@covingtonrealtypartners.com
Contact: Marc Goldstein, President

Headquartered in Chicago, Covington Reality Partners acquires Class A retail and multifamily properties in primary and secondary markets nationwide. In the last 12 months, Covington has increased its portfolio by more than $178 million. With its current pipeline, that number is expected to reach $250 million by year end. For more information, please visit www.covingtonrealtypartners.com.
DBSI SECURITIES CORPORATION

1550 South Tech Lane
Meridian, ID 83642
Phone: 800.678.9110
Website: www.dbsi.com
Contact: John Mayeron, Executive Vice President of Marketing and Product Development

DBSI Securities Corporation markets private offerings in real estate to independent broker-dealers and their registered reps, including 1031 exchanges/Tenant-in-Common (TIC) offerings, limited partnerships, debt offerings, and REITs. DBSI Securities is part of the DBSI Group of Companies (DBSI), which has served over 7,000 investors in 27 years. DBSI currently manages assets in 28 states valued at more than $1.6 billion.
DIRECT CAPITAL SECURITIES, INC.

1333 2nd Street, Suite 600
Santa Monica, CA 90401
Phone: 888.410.1031 toll-free
Fax: 310.395.4077
Website: www.1031Market.com www.1031EnergyMarket.com
Email: cwomack@1031market.com
Conatct: Clay H. Womack, Chairman & CEO

As the original investment-banking firm in the TIC industry, Direct Capital Securities, Inc. helps Sponsors bring Real Estate and Energy Replacement Properties to market. We offer more than an industry introduction. We're an active, hands-on partner — from the initial structuring of a deal to the investors' exit, years down the road.
ELIASON 1031 PROPERTIES CORPORATION

P.O. Box 219
548 Highway 155
St. Germain, WI 54558
Phone: 1.866.ELIASON
Website: www.e1031.com
Contact: David Eliason, President; Jay Grooters, Chief Operating Officer

For over 40 years Eliason has offered high-quality real estate investment opportunities. Eliason 1031 Properties carries on that tradition with attractive retail and multi-family residential properties via Tenant-In-Common ownership. Eliason's innovative double-layered Master Lease provides enhanced protection and improved cash flow stability. Eliason TIC interests are marketed exclusively through a broker-dealer network.
EXCHANGE INTO ENERGY™

Direct Capital Securities, Inc.
1333 2nd Street, Suite 600
Santa Monica, CA 90401
Phone: 888.271.2500 toll-free
Website: www.1031EnergyMarket.com
Email: cwomack@1031market.com
Conatct: Clay H. Womack, Chairman & CEO

Diversifying into energy can provide valuable rewards. Energy replacement properties can produce stable monthly cash flow, have the potential for higher rates of return than traditional TIC investments, are historically highly liquid and offer hands-off ownership. For more information on energy replacement property — including royalties and working interests — contact us today.
EXCHANGEPOINT PROPERTIES, LLC

450 North Roxbury Dr., Suite #1050
Beverly Hills, CA 90210
Phone: 310.247.2291
Website: www.exchangepointproprties.com
Contact: Evan Farahnik, Principal

ExchangePoint Properties, LLC is a leading real estate investment firm that offers fractional real estate ownership interests to individual 1031 exchange investors, through a team of seasoned and experienced real estate professionals. With our industry leading infrastructure, systems and proprietary underwriting models, ExchangePoint and its affiliated entities have a phenomenal track record which extends for over 12 years, and has attracted Fortune 500 companies as investors and partners. From our home office in Southern California, ExchangePoint and its affiliated entities have completed transactions in excess of one billion dollars and manage a portfolio of over 5 Million square feet of office, multi-family and retail properties on behalf of institutional and private investors.
FORT PROPERTIES, INC.

601 S. Figueroa Street, Suite 2050
Los Angeles, CA 90017
Phone: 213.572.0222
Website: www.fortproperties.com
Email: info@fortproperties.com

FORT Properties is consistent and predictable. Whether you're selling or investing in institutional quality real estate, FORT Properties is the Section 1031 exchange and TIC expert. Our extensive real estate experience ensures that we purchase the highest quality property and, as a pre-capitalized sponsor, we close on time. To learn more visit www.fortproperties.com.
GEMINI REAL ESTATE ADVISORS, LLC

The Flatiron Building,
175 Fifth Avenue, Suite 715,
New York, NY 10010
Phone: 800.644.7845
Website: www.gemini-re.com
Email: wobeid@gemini-re.com, sdifrisco@gemini-re.com
Contact: Will Obeid, President, 212.871.6283; Stephanie DiFrisco, Director of National Accounts, 800-644.7845 ext. 121

Gemini Real Estate Advisors, LLC is a full service real estate company. Our principals come from distinguished backgrounds in acquisitions, development, property management, asset management, finance and brokerage. As one of the nation's leading sponsors of real estate investment programs, we have a proven track record of creating value for our investors.
THE GENEVA ORGANIZATION

3750 Wells Fargo Center
90 South Seventh Street
Minneapolis, MN 55402
Phone: 888.746.4039
Website: www.genevawealth.com

The Geneva Organization is a national real estate wealth management firm, focused on providing tenant-in-common investment opportunities to sophisticated, high-net worth individuals and 1031 motivated investors. To learn more about Geneva's services and their unique Private Letter Ruling visit www.genevawealth.com.
GEORGE SMITH PARTNERS

10250 Constellation Blvd., Suite 2700
Los Angeles, CA 90067
Phone: 310.557.8336
Fax: 310.557.1276
Website: www.gspartners.com
Contact: Steve Bram, Principal/Senior Director; David Pascale, Jr., Vice President

GSP is a Los Angeles based mortgage brokerage company specializing in unique and creative financing structures. GSP arranged 275 loans totaling $3.6 billion in 2005, including dozens of TIC financings. We get you the lowest rate, the most money and the best terms available - and close the loans for you.
GRIFFIN CAPITAL

2121 Rosecrans Avenue, Suite 3321
El Segundo, CA 90245
Phone: 310.606.5900
Fax: 310.606.5910
Website: www.griffincapital.com
Email: info@griffincapital.com
Contact: David C. Rupert, Chief Operating Officer, 203.550.1469; Michael J. Escalante, Chief Investment Officer

Griffin Capital is one of the nation's leading sponsors of tenant-in-common real estate investment opportunities. Led by senior executives with more than two decades of real estate experience collectively encompassing over $9.0 billion of transaction value and more than 350 transactions, Griffin Capital has acquired or constructed approximately eight million square feet of space since 1996. The firm's current portfolio includes 32 assets, approximating 7 million square feet of space, located in 12 states. Additional information is available at www.griffincapital.com.
INVESTMENT PROPERTIES OF AMERICAS

10800 Midlothian Tpke, Ste 309
Richmond, VA 23235
Phone: 804.594.3550 or 877-MY-IPofA
Fax: 804.594.3556
Website: www.ipofa.com
Contacts: Kim S. Watts; B. Fisher Paty

Investment Properties of America, LLC is an exciting and diversified real estate investment and management company. IPofA acquires, develops, and manages properties leasing primarily to major national and regional retailers under net leases. IPofA offers qualified investors, ownership in institutional properties through tenant in common and LLC ownership structures.
INVESTMENT PROPERTY EXCHANGE SERVICES, INC. — IPX1031

Phone: 888.771.1031 toll free
Website: www.ipx1031.com
Email: rbutler@fnf.com, john.king@fnf.com
Contact: Radah Butler, President; John King, Senior Vice President

IPX1031, the nation's leading Qualified Intermediary for §1031 exchanges, specializes in every type of exchange transaction and provides quality services through its nationwide network of over 44 regional offices, a third party guarantee of funds, $100 million bond, and its specialized exchange divisions for reverse and improvement exchanges and mass asset program exchanges. Contact us at 888-771-1031 or visit us at www.ipx1031.com to find the nearest IPX1031 location.
LANDAMERICA FINANCIAL GROUP

101 Gateway Centre Pkwy
Richmond, VA 23235
Phone: 866.442.3011
Fax: 804.267.8851
Website: www.landam.com/commercial
Contact: Michelle A. Shaw, VP - Maketing Director

We have the national coverage, knowledge, and cumulative experience to give fast, accurate, and complete results. Our experts are familiar with every facet of TIC transactions as well as Delaware Statutory Trusts (DST) and the 1031 Exchange. We work closely with our customers to analyze closing scenarios in order to maximize opportunities and minimize expenses. To learn more about LandAmerica's TIC services visit www.landam.com/commercial.
LEGACY REAL ESTATE & INVESTMENTS, INC.

5550 Bates Street
Seminole, FL 33772
Phone: 866.891.1031 toll free
Fax: 347.296.3660
Website: www.ticbook.com, www.tic-investments.org, www.LegacyNNN.com
Email: Legacykathy@aol.com
Contact: Kathy Heshelow, President

Kathy Heshelow has authored the first and only book about TICs, “Effortless Cash Flow: the ABC's of TICs (Tenant in Common Properties).” She focuses on passive income properties for investors across the US, who are often in a 1031 exchange. She is President of a commercial real estate firm and has experience in all types of commercial property assets. www.tic-investments.org or www.ticbook.com. Toll free 866-891-1031 to learn more.
MARINER ASSET MANAGEMENT, LLC

1601 Belvedere Rd., Suite 200E
West Palm Beach, FL 33406
Phone: 866.860.1031 toll free; 561.283.0900
Fax: 561.828.5985
Contact: Michael M. Cabot

Mariner Asset Management, LLC is a privately owned real estate investment and management firm headquartered in South Florida. The company specializes in the acquisition, financing and ownership of institutional quality commercial real estate in select metropolitan areas of the United States. The principals of Mariner are seasoned real estate professionals with more than $1 billion of institutional transaction experience inclusive of $260 million with the TIC structure.
MERIDIAN REALTY INVESTMENTS, LLC

325 Fifth Ave, Ste 202
Indialantic, FL 32903
Phone: 321.956.2000 x204
Fax: 321.956.1199
Website: www.meridian1031.com
Email: mborn@meridian1031.com
Contact: Margustin “Tintin” Born

* Sponsor of Tenants in Common Investment Opportunities
* Over $11 billion of equity raised for tax-advantaged transactions since 1981.
* For more information on MRI, please contact Dawn Myers at dmyers@meridian1031.com.
* We invite you to visit us at www.meridian1031.com or call us toll free at (866) MRI-1031.

PACIFIC WEST FINANCIAL GROUP

PO Box 860
Renton, WA 98057
Phone: 888.236.7979
Fax: 425.255.8567
Contacts: Tony Pizelo, President & CEO; Shanon Ford, Vice President

Established in 1972, Pacific West Securities, Inc. is an independent, nationwide broker-dealer offering a full range of investment products and services. We are dedicated to supporting tenant in common investments through strong due diligence, active industry involvement and a commitment to leading with integrity. For more information on how Pacific West can support you in the TIC arena please call Tony Pizelo at 1-888-236-7979.

Disclosures: PACIFIC WEST SECURITIES, INC., MEMBER NASD/SIPC; PACIFIC WEST FINANCIAL GROUP, INC.,
Registered Investment Advisor
PASSCO COMPANIES, LLC

96 Corporate Park, Suite 200
Irvine, CA 92606
Phone: 949.442.1000
Fax: 949.442.2465
Website: www.passco.net
Contact: William H. Winn, President

PASSCO Companies, LLC acquires and manages a broad range of income-producing properties including neighborhood and community retail centers, regional malls, multi-family, and multi-tenant industrial business parks. The company's property portfolio has grown to more than 8,400,000 square feet, and continues to grow at an accelerating rate.
SAGEBRUSH REALTY HOLDINGS

777 E Speer Blvd
Denver, CO 80203
Phone: 303.865.7488
Website: www.sage1031.com
Contact: Gary Ruhl

As a sponsor of multifamily TIC offerings, Sagebrush Realty Holdings LLC is part of The Sagebrush Companies, a full service commercial real estate investment company. Specializing in domestic and international multi-family residential, hospitality, and commercial development, Sagebrush has been offering investors appreciable market value & strong returns for 12 years.
SCI REAL ESTATE INVESTMENTS

11620 Wilshire Blvd., Suite 300
Los Angeles, CA 90025
Phone: 310.470.2600
Website: www.sciproperties.com
Contacts: Adam Bryan, Senior Vice President & Corporate Sales Director
310.470.2600 ×130; Scott Derrick, Acquisitions 310.470.2600 ×128

Founded in 1994, SCI Real Estate Investments, LLC is a Real Estate Principal with a portfolio valued at over $1 billion of closed fractional-deed real estate. SCI buys Class-A, Institutional-Quality properties nationwide and, working exclusively with Licensed Real Estate Professionals, sells co-ownership real estate interests to accredited buyers.
SPECTRUS REAL ESTATE GROUP/FOR 1031

12426 West Explorer Drive, Suite 220
Boise, ID 83713
Phone: 866.587.7328
Website: www.spectrusgroup.com
Contact: Gary Bringhurst, President and CEO

Based in Boise, ID, Spectrus Real Estate Group/FOR 1031 is a leading provider of quality, diversified real estate investments. The company offers multiple options including replacement properties for 1031 Exchanges, the FOR 1031 NNN PLUS® lease, TIC property ownership, undeveloped land, whole properties, Pro PLUS(tm) (proforma) properties, and ground leases.
WESTERN AMERICA EQUITIES LLC

11235 SE 6th St, Ste 230
Bellevue, WA 98004
Phone: 425.274.8557
Fax: 425.274.8559
Website: www.westernamerica.com
Email: tristan@westernamerica.com jim@westernamerica.com
Contact: Tristan O'Neil VP, Investment Services; Jim Clark, President

Western America Equities LLC is a privately-owned real estate investment and operating company. Headquartered in Bellevue, Washington, the company operates healthcare properties, shopping centers, office buildings, industrial business parks and other property types in the western United States. Western America Equities LLC is a founding member of the Tenant-In-Common Association.
COMPANY STATE TYPE
1031 & TIC Investments MN Registered Rep
1031 Advance, Inc. CA Qualified Intermediary
1031 Adviser, Inc. UT Registered Rep
1031 Advisors USA CA Registered Rep
1031 Exchange Alternatives MI Registered Rep
1031 Exchange Options CA Registered Rep
1031 Exchange Strategies, Inc. CA Registered Rep
1031 Focus CA Real Estate Broker
1031 Group CA Registered Rep
1031 Investment Solutions, LLC MA Registered Rep
1031 Investment Strategies, Inc. PA Real Estate Broker
1031 Property Group SC Registered Rep
1031 Property Watch UT Registered Rep
1031 Real Estate Investing CA Registered Rep
1031 Strategies NJ Registered Rep
1031 TaxSavings.com OR Registered Rep
1031 Wealth Group NJ Registered Rep
A. J. Papale FL Registered Rep
Acquisition Search Services, Inc. FL Real Estate Broker
Advisory Group Equity Services, Ltd. MA Registered Rep
AFA Financial Group, LLC CA Broker Dealer
Affinity Real Solutions — Omni Brokerage CA Registered Rep
Akerman, Senterfitt FL Law Firm
Alan W. Legatz, CPA FL Real Estate Broker
Alexander Partners CA Registered Rep
Alliance Commercial Properties NC Real Estate Broker
Alpha Omega Group, Inc. VA Registered Rep
Alschuler Grossman Stein & Kahan, LLP CA Law Firm
Alta Investment Group CA Registered Rep
American Capital Group WA Sponsor
American Express Financial Advisors VA Broker Dealer
American Realty Capital Markets, LLC VA Broker Dealer
AMPC IL Registered Rep
Anders 1031 TIC Real Estate CA Registered Rep
Anderson Financial Services OR Registered Rep
Andover Buyers Broker, Inc. MA Real Estate Broker
Andrew Stuart Asset Management Group, Inc FL Registered Rep
AndruEds Group, Inc. FL Real Estate Broker
APB WealthCare Advisors, LLP GA Registered Rep
Arent Fox, PLLC DC Law Firm
Argus Realty Investors, LP CA Sponsor/Wholesaler
Arnold & Porter, LLP DC Law Firm
Ashforth Paradigm Capital Advisors MA Sponsor/Wholesaler
Aspire Financial CA Registered Rep
B&H Real Estate Holding, LLC CA Sponsor
Baker & Associates WA Registered Rep
Baker & Hostetler LLP OH Law Firm
Baker & McKenzie LLP IL Law Firm
Bank of America NC Lender/R. E. Services
Barkume & Associates Wealth Management UT Registered Rep
Barry J. Bass Real Estate, LLC IL Real Estate Broker
Bax Investment Group NV Registered Rep
Bayview Financial Exchange Services FL Qualified Intermediary
Beacon Realty Capital, Inc. IL Mortgage Broker
Bear, Stearns & Co., Inc. NY Real Estate Services
Behringer Harvard TX Sponsor/Wholesaler
Beltz Real Estate MN Real Estate Broker/RRep
Berthel Fisher & CO. IA Broker Dealer
Blue Oak Wealth Management SC Registered Rep
Bonaventure Realty Group, LLC VA Sponsor
Breen Financial Management, Inc. FL Registered Rep
Brian J. Dundon & Associates VA Registered Rep
Brookstreet Securities Corporation CA Broker Dealer
Brown Realty Advisors GA Real Estate Broker
Brown Rudnick Berlack Israels, LLP RI Law Firm
Buttonwood Investment Services UT Registered Rep
Cabot Investments Properties MA Sponsor/Wholesaler
Cairncross & Hempelmann WA Attorney
Calton & Associates FL Registered Rep
Cap Harbor CA Registered Rep
Capital Assets Planners, LLC CA Registered Rep
Capital Concepts Group NV Registered Rep
Capital Financial Services CA Registered Rep
Capital Growth Inc./IFG CA Registered Rep
Capstone Financial Group, Inc. MN Broker Dealer
CapWest Securities, Inc. CO Broker Dealer
Carey Realty Investments OH Sponsor
Carlsberg Management Company CA Real Estate Broker
Carlton Advisory Services, Inc. NY Mortgage Broker
Casey Partners, Ltd. CO Real Estate Broker
Cassin Cassin & Joseph LLP NY Law Firm
CBRE Melody & Company TX Mortgage Broker
Centaurus Financial, Inc. CA Registered Rep
Cherry Creek Partners, LLC CO Registered Rep
Chicago Title IL Qualified Intermediary
Chris Goslin & Associates FL Registered Rep
Clearview Wealth Management WA Registered Rep
Codding Commercial CA Registered Rep
Cohen Financial CA Real Estate Broker
Cole Capital AZ Sponsor
Collage CA Real Estate Services
Colliers Turley Martin Tucker OH Real Estate Broker
Column Financial, Inc. GA Lender
Commercial Realty Consultants CA Mortgage Broker
Compass Investments & 1031 Exchange MA Registered Rep
Concorde Exchange Group MI Registered Rep
Congdon-Jeffers Group CA Registered Rep
Connolly Bove Lodge & Huz LLP DE Law Firm
CORE Realty Holdings, LLC CA Sponsor/Wholesaler
Cornerstone Exchange Services CA Registered Rep
Costa Financial Securities FL Broker Dealer
Cottonwood Capital, LLC UT Sponsor
Courtland Securities Corp. CA Broker Dealer
Covington Realty IL Sponsor
Crawford Financial VA Registered Rep
Creekstone Partners, LLC TX Sponsor
CSC Trust Company of Delaware DE Financial Services
Daniel Mennemeyer Agency, Inc. IL Registered Rep
David K. Bedke CA Registered Rep
David Rachford, CPA-PFS CA Registered Rep
Davis Financial Advisors CA Registered Rep
DBSI Group of Companies ID Sponsor/Wholesaler
Deloitte CA Consultants
Denis Wong & Assoc. HI Registered Rep
DeSanto Realty Group PA Sponsor
Direct Capital Securities, Inc. CA Broker Dealer
Diversified Builder Services CA Lender
Diversified Wealth Builders CA Registered Rep
Dividend Capital CO Sponsor/Wholesaler
Doug Michie CA Real Estate Broker
Down to Earth Real Estate CA Real Estate Broker
East Coast Realty Ventures, LLC MD Sponsor
Eliason 1031 Properties Corp. WI Sponsor/Wholesaler
Ellen Erenstein & Assoc. FL Registered Rep
Emerson Equity CA Broker Dealer
Empire Securities CA Broker Dealer
Envisioning Financial, Inc. IN Registered Rep
Envoy Capital Partners CA Registered Rep
EPlanning Securities, Inc. CA Broker Dealer
Equitable Companies, LLC CA Sponsor
Equity Advisors, LLC CA Registered Rep
Equity Services, Inc. CA Registered Rep
Evergreen Realty Group, LLC CA Sponsor
ExchangePoint Properties, LLC CA Sponsor
Exclusive 1031 Options CA Registered Rep
Faris Lee Investments CA Real Estate Broker
Fidelity National Title Insurance Co CO Title Insurance
Filippini Financial Group, Inc. CA Registered Rep
Financial Designs, Ltd. CA Registered Rep
Financial Exchange Corp.-1031FEC IA Real Estate Broker
Financial Group of Central Minnesota MN Registered Rep
Financial Services Network CA Registered Rep
Financial West Group CA Broker Dealer
First Allied Securities CA Registered Rep
First American Exchange UT Qualified Intermediary
First Bank of Beverly Hills CA Lender
First Colony Capital NC Real Estate Broker
First Financial Equity Corp. AZ Broker Dealer
First Guardian Group, LLC CA Sponsor
FirstWest Group, Inc. OR Real Estate Broker
FLA1031, LLC FL Registered Rep
Focus Realty Advisors Inc. TX Real Estate Broker
Foley & Lardner LLP MA Law Firm
FOR 1031/Spectrus Real Estate Group ID Sponsor/Wholesaler
FORT Properties, Inc. CA Sponsor/Wholesaler
Fortress Wealth Management NJ Registered Rep
Franklin 1031 Investments, L.L.C IL Sponsor
Freedman Consulting PA Registered Rep
Gary M. Bowman CFP CA Registered Rep
Gemini Real Estate Advisors, LLC NY Sponsor/Wholesaler
Global Planning, Inc. CO Registered Rep
Goldberg, Kohn, Bell, Black, Rosenbloom & Moritz, Ltd. IL Law Firm
Golf World Enterprises, LLC GA Real Estate Broker
Grand Peaks 1031 Properties CO Sponsor
Granite Investment Group, Inc. CA Sponsor
Great Lakes Trust Co. IL Registered Rep
Greenberg Traurig, LLP AZ Attorney
Griffin Capital Corp. CA Sponsor/Wholesaler
Grubb & Ellis MI Real Estate Broker
GunnAllen Financial FL Broker Dealer
H&R Block Financial Advisors MI Broker/Dealer
Hankinson Financial Advisors, Inc. FL Registered Rep
Harbor Capital Group TX Mortgage Broker
Harbor Financial MT Registered Rep
Heartland Investment IL Registered Rep
Herick Asset Management CO Registered Rep
Hilton Financial Services WA Registered Rep
Hirschler Fleischer VA Law Firm
Hoctor Kaplan, LLC — Attorneys at Law VA Law Firm
Hodges Ward Elliot GA Real Estate Broker
Hoyt Properties, Inc. MN Real Estate Broker
Huff Metro Office OH Real Estate Broker
Independent Financial Group LLC CA Broker Dealer
Inland Real Estate Exchange Corp. IL Sponsor/Wholesaler
Integrated Total Solutions, Inc. FL Real Estate Broker
Internacional Realty Advisor TX Sponsor/Wholesaler
Invest Financial Corp. FL Registered Rep
Investment Capital Group, LLC CO Registered Rep
Investment Properties of America VA Sponsor/Wholesaler
Investment Property Advisors IL Registered Rep
Investment Property Exchange Services Inc CA Qualified Intermediary
Investment Services IN Registered Rep
Investor Solutions, Inc. WA Registered Rep
IPX 1031 CA Qualified Intermediary
Investors Capital CA Registered Rep
J.K. Financial Services, Inc. CA Registered Rep
Jack F. Ward Co. CA Real Estate Broker
Jason K. Adams GA Registered Rep
Jenner & Block LLP IL Law Firm
John Crockett and Associates WA Registered Rep
JP Group Financial IL Registered Rep
JP Morgan Mortgage Capital TX Lender
JRW Investments CA Registered Rep
Kathy Heshelow FL Registered Rep
KBS Capital Markets Group CA Sponsor
KCM Capital Management, Inc. CA Registered Rep
Kelly Accounting & 1031 Exchange Svcs. MT Registered Rep
Kendrick Financial Services GA Registered Rep
KMS Financial Services OR Registered Rep
Kodiak Capital Partners L.L.C. TX Sponsor/Wholesaler
Krieger-Campbell, Inc. CA Broker Dealer
Kutak Rock LLP NE Law Firm
L.K. Allen, Inc. NJ Real Estate Broker
Lambert Investment Co., LLC VA Registered Rep
Lamont Financial Services CA Registered Rep
LandAmerica Commercial Services VA Qualified Intermediary/Due Dil.
Lantrust Securities, Inc. OH Registered Rep
Larry H. Nebel CA Registered Rep
LaSalle Bank NA IL Lender
Latitude, Inc. CA Real Estate Broker
Lehigh Financial Services NV Registered Rep
Leonard, Street and Deinard MN Law Firm
Les V. Anderton Financial Services UT Registered Rep
Levenfeld Pearlstein, LLC IL Law Firm
Liberty Group LLC CA Broker Dealer
Lighthouse Capital Corp. CA Broker Dealer
Lincoln Capital Group, LLC TX Real Estate Services
Lincoln Financial Advisors UT Registered Rep
Loan Star Financial Services, LLC MN Registered Rep
Loanstar Commercial TX Real Estate Broker
LPL Financial Service CA Broker Dealer
Luce, Forward, Hamilton & Scripps LLP CA Law Firm
Ludwig Financial Group MN Registered Rep
M.A. Hill, Brokers DC Registered Rep
Madison Capital Management CA Lender
Magellan Investments CA Real Estate Broker
Mammoth Equities Capital Group, Inc. CA Sponsor/Wholesaler
Mannon Oil, LLC IN Sponsor
MAP-Miguel A. Palma CA Registered Rep
Marcus & Millichap CO Real Estate Broker
Mariner Asset Management FL Sponsor
Mastrogiovanni, Schorsch & Mersky, P.C. TX Law Firm
MCL Financial Group, Inc. CO Broker Dealer
Melissa J. Fox, Esq. CA Real Estate Broker
Mellon 1st Business Bank CA Lender
Meridian Capital Partners MA Sponsor/Wholesaler
Meridian Realty Advisors, LLC TX Sponsor
Meridian Realty Investments, LLC FL Sponsor
Messerli & Kramer P. A. MN Law Firm
Metropolitan Healthcare Properties, LLC AZ Sponsor
Metzger & Sons NY Real Estate Broker
Michael Hsu & Assoc., Broker CA Real Estate Broker
Michael L. Green WI Real Estate Broker
Michael Millen CA Registered Rep
Mick & Associates, P.C. LLO NE Law Firm
Midpoint Financial Services CA Registered Rep
Miterko CA Due Diligence
Moneymallusa Corp. CA Registered Rep
Moody National Companies TX Sponsor/Wholesaler
Moore Financial Services, Inc. CA Registered Rep
Morris, Manning & Martin LLP GA Registered Rep
Mr. Channelside Real Estate Services FL Real Estate Broker
Mueller Investments, Inc. ID Real Estate Broker
Nagle Danley Real Estate Advisors, Inc. CA Real Estate Broker
Namco Financial Exchange, Inc. CA Qualified Intermediary
Nashbar Wealth Services, LLC FL Registered Rep
National Exchange Advisors, LLC CA Sponsor
National Planning Holdings CO Broker Dealer
Navigar Advisors, Inc. FL Registered Rep
Net Equity Associates CA Registered Rep
Net Lease Capital Advisors NH Real Estate Services
Newcomb and Company MA Real Estate Broker
Noble Asset Management Co. ID Registered Rep
Noble Royalties, Inc. TX Sponsor/Wholesaler
Nomax Capital CA Real Estate Broker
North Star Investment Services, Inc. IL Registered Rep
Northern Lake Properties OH Real Estate Broker
Notman 1031 Exchange Group CA Registered Rep
NPV/Direct Invest MA Sponsor/Wholesaler
NXT Realty Group Ltd. IL Real Estate Broker
Old Dominion Financial Advisors Ltd. VA Registered Rep
OMNI Brokerage UT Registered Rep
ORIX Real Estate Capital IL Sponsor/Wholesaler
Pacific West Financial Group ID Registered Rep
Pacific West Securities WA Broker Dealer
Parthenon Realty 1031 Investors, LLC GA Sponsor/Wholesaler
PASSCO Companies, LLC CA Sponsor/Wholesaler
Pence Wealth Management CA Registered Rep
Pepper Hamilton LLP MI Law Firm
Peracon, Inc. VA Real Estate Services
Plotkin Financial Advisors Alliance, Inc. MD Registered Rep
Portfolio Advisors Alliance, Inc. CA Registered Rep
Portola Financial CA Registered Rep
Powell Goldstein LLP GA Law Firm
Preferred Financial Strategies, Inc. CA Registered Rep
Presidio Exchange Advisors CA Registered Rep
Principal Equity Management TX Sponsor/Wholesaler
Private Equity Group CA Registered Rep
ProEquities Inc. AL Broker Dealer
Professional Investment Advisors Inc. NY Registered Rep
PropPoint CA Registered Rep
Q10 Kinghorn, Driver, Hough & Co. TX Lender
Questar Capital Corp. CA Broker Dealer
Rainier Capital Management, LP TX Sponsor/Wholesaler
Real Estate Partners, Inc. CA Sponsor
Real Source Brokerage Services UT Real Estate Broker
Rear View Mirror Holdings, Inc. CA Real Estate Broker
Reef Oil & Gas Partners TX Sponsor/Wholesaler
Regent Capital Group CA Broker Dealer
Regent Land & Investments, LLC FL Real Estate Broker
Resource Real Estate, Inc. PA Sponsor
Richard E. Woollen NC Registered Rep
Rick Ahmann MT Registered Rep
RK Properties CA Sponsor
RLT Financial Management FL Registered Rep
RMI Investment Services L.L.C. NV Registered Rep
Robert A. Stanger & Co., Inc. NJ Broker Dealer
Robert Faust Mortgage Company TX Real Estate Broker
Robert L. Katzman, Esq. NY Real Estate Broker
Roberts Firm CA Law Firm
Roebling Investment Company NJ Real Estate Broker
Ron D Birnbaum, The Financial Consultants MA Registered Rep
Royal American Financial Advisors CA Registered Rep
Royal Securities Co. MI Registered Rep
RVM Associates CA Real Estate Broker
Sabre Syndication Services CA Sponsor/Wholesaler
Sagebrush Realty Holdings LLC CO Sponsor
Samp Financial, Inc. SD Registered Rep
Scheer Partners Investments MD Real Estate Broker
Schindler Financial Group CA Registered Rep
SCI Real Estate Investments, LLC CA Sponsor/Wholesaler
Scott Rohrman TX Real Estate Broker
Senior Capital, LLC FL Sponsor
Senior Financial Services FL Registered Rep
Sequoia Real Estate Holdings, L.P. CO Sponsor/Wholesaler
Sigma Financial MI Broker Dealer
Silver Oak MN Real Estate Broker
Snyder Kearney LLC MD Law Firm
Sonnenschein Nath & Rosenthal LLP IL Law Firm
Sonny Todd Real Estate MT Registered Rep
SourceNet Financial MA Real Estate Broker
Spagnoli Financial Group CA Registered Rep
Spartan Realty Inc. CA Real Estate Broker
Sperry Van Ness AZ Broker
SRS Investments, LLC FL Sponsor
Standard & Poor's NY Real Estate Services
Stark Investments IL Real Estate Broker
Steelhead Capital, Inc. CA Real Estate Broker
Sterilex, Inc. CA Real Estate Broker
Sterling Wealth Management, Inc. WA Registered Rep
Steven Hutek FL Registered Rep
Steven L. Falk & Associates NV Broker Dealer
Steven L. Nartker CA Registered Rep
Striker Petroleum, LLC TX Sponsor/Wholesaler
Sullivan & Worcester, LLP MA Law Firm
Summit Capital Group, Progressive Mortg PA Real Estate Broker
Sunset Financial Service, Inc. CA Registered Rep
T.R. Winston & Company NJ Broker Dealer
Tax Reduction and Investment Strategies CA Registered Rep
Tenants in Common Realty CO Registered Rep
Terra Capital Properties NY Registered Rep
The 1031 Investment Source CA Registered Rep
The 1031 TIC Solution CA Registered Rep
The Dewey Group CA Real Estate Broker
The Geneva Organization MN Sponsor/Wholesaler
The Main Street Group VA Registered Rep
The Marlin Group CA Real Estate Broker
The Pohoriles Company CA Real Estate Broker
The Sherer Group CA Registered Rep
Thompson & Knight LLP TX Law Firm
TIC Advisors MN Real Estate Services
TIC Investments, Inc. FL Registered Rep
TIC Properties, LLC SC Sponsor/Wholesaler
TIC Specialists, Inc. CA Registered Rep
Tim Couch PC CPA GA Registered Rep
Tim McCrary CA Real Estate Broker
Time Value Property Exchange MA Qualified Intermediary
TM 1031 Exchange CA Registered Rep
TransUnion Exchange Corp. CA Qualified Intermediary
Transwestern Commercial Services CO Real Estate Broker
Trinity Partners NE Real Estate Broker
Triple Net Properties, LLC CA Sponsor/Wholesaler
Triplenet Investment Exchange Inc. CA Registered Rep
Triton 1031 CA Registered Rep
Triumph Mortgage, Inc. CA Real Estate Broker
Troast Realty Services, Inc. NJ Real Estate Broker
Trowbridge and Associates CA Real Estate Broker
Tryon Equities OR Registered Rep
Tryon Equities NM Registered Rep
TSG Real Estate, LLC IL Sponsor/Wholesaler
Turner Financial Group CA Registered Rep
Tweed Financial Services CA Registered Rep
U. S. Advisors, LLC CA Sponsor/Wholesaler
U.S. Energy Development Corporation NY Registered Rep
Union Bank of California CA Financial Services
United Capital, LLC MO Lender
United Securities Alliance, Inc. CA Broker Dealer
Uniwest 1031, Inc. VA Real Estate Broker
Upland Real Estate Group, Inc. MN Real Estate Services
VSR Financial Services, Inc. KS Broker Dealer
Wachovia Securities, Inc. NC Lender/R.E. Services
Wangard Advisors, LLC WI Sponsor/Wholesaler
Wealth Exchange Solutions MA Registered Rep
Wealth Management Group, LLC CA Registered Rep
Welton Street Investments LLC CO Broker Dealer
West Advisors, LLC MT Registered Rep
West Valley Properties CA Real Estate Broker
Western America Equities LLC WA Sponsor/Wholesaler
Western Equities OR Registered Rep
Western Reserve Partners L.L.C. OH Registered Rep
White Pacific Securities CA Broker Dealer
Wildwood Wealth Management MN Registered Rep
William B. Moore IL Real Estate Broker
William R. Reinhardt CA Real Estate Broker
Willis S. Cole III WA Registered Rep
Wilshire Holdings LLC CA Real Estate Services
WMS Financial Planners, Inc. WA Registered Rep
Wolf Capital LLC IL Broker Dealer
Woods & Loeb CA Registered Rep
Worldwide Wealth Management NY Registered Rep
WWW.1031Replace.com FL Registered Rep
Yegen Financial Group Ltd. MD Registered Rep
ZenhanceFinancial.Com CA Registered Rep
Zink Realty Advisors OR Real Estate Broker

Anonymous said...

Simple-Bruce, the following from the SEC filing, shows that 'INLAND CAPITAL" was doing RE investments back in 1991, this is what they did, take money from 'investors' to BUY RE.

...

INLAND CAPITAL FUND, L.P. - The offering period for this fund began
December 13, 1991 and ended August 23, 1993. The objectives were to invest in
pre-development land on an all-cash basis and realize appreciation of such land
upon resale.

Inland Capital Fund raised $32,399,282 from 2,683 investors and
purchased, with the net proceeds available for investment, 18 land parcels, one
of which included a house and several outbuildings, for an aggregate purchase
price of $25,945,989. As of June 30, 2003, this fund has had multiple sales
transactions involving the house and portions of 14 parcels which generated
approximately $28,049,000 in net sales proceeds, including notes receivable of
approximately $1,311,000. Its cost basis in the land parcels sold was
approximately $13,990,000 resulting in a gain, net of selling expenses and
commissions, of approximately $14,059,000 for financial reporting purposes.

In the opinion of Inland Real Estate Investment Corporation, the
partnership is currently meeting its investment objectives and has, through
completed sales transactions, realized significant capital appreciation on the
assets sold. Cash distributions to limited partners through June 30, 2003
totaled $22,335,763, all from the sale of land parcels.

Anonymous said...

Mark Neuman
Mark Neuman, CPA, co-founded Summit 1031 Exchange with Brian Stevens in 1991. Mark has over 2 decades of experience as a CPA, and has been structuring ...


****


OVER & OVER everything started in 1991, Inland Capital & Summit-1031

Anonymous said...

How much easier and more profitable it must have been to use 1031 float than to do a sales pitch.

Ah, greed. Your ingenuity is boundless.

Anonymous said...

If you study the national post 2006 horror story's about 1031, you'll see that nobody ever goes to jail, and the principals always end up rich.

Anonymous said...

Well, it's a great scam. Unregulated, with apparently no fiduciary responsibility. People probably accept tiny (or maybe even no) interest. You use that money to take a flier. It heads-I-win, tails-I-don't-lose. It's a way better scam than Madoff ran, because he had fiduciary responsibility.

Anonymous said...

I would not be surprised to see some scammers go to jail, though. Just because no one has yet, doesn't mean no one will.

Quimby said...

Merry Christmas all you bastards!

Just for the record, Quimby let his employees off at 4:30 Christmas Eve (w/o pay of course) and gave them a $5 Starbucks gift card for the holidays.

Don't ever say I don't have a heart!in

Anonymous said...

No DUE-DILIGENCE is just what it is, ... I know all these BEND Realtors taught 1031 exchange classes, and taught how safe it all was.

Trouble is all somebody had to do was 'google' "1031 exchange fraud", and learn about the Biz.

If you 'GIVE' someone your money, and the record clearly shows that they can do whatever they want with your money. Then your fucked.

Study the above, the BIGGEST 1031 collapse to date was Southwest-1031, and UBS paid out the insurance at $28M, the principals got off the 'investors' were allowed to file claims through a reverse-exchanger appointed by the court.

The real question is will the insurance company go after the principals?? Hell why, that's why they all have LLC's.

All the borrowed money against Summit-1031 cash was transferred to the personal account of Neuman @ "Inland Capital", a large firm that specializes in Real Estate investments in Central Oregon and across the country. The loans specially say for 'personal use', meaning that the Summit-1031 money was NOT used for Summit Clients ( very smooth!!! ).

Anonymous said...

Quite funny merry xmas homer, ...

If you google bendbubble2.blogspot.com, you get shit,...

If you google bendmorons.blogspot.com, you get HOMER dressed as santa.

God Bless Bend.

Let's give it another week, remember the only diff between bendmorons & bendbubble2 is ALL the no-follow has been removed from the html-template layout for bendmorons.

tim said...

This crap is yet another reason the real estate bubble will not re-inflate. Like we said two years ago, it's all going to stink so bad that people will hate real estate.

It'll go back to being just the long-time real estate investors that have the stomach and balls for the business. Not every dumb joe and his brother-in-law.

Anonymous said...

Lane Lyons ( boss of Inland Capital ) is prez of education foundation

Education Foundation awards $24,997 in Classroom Impact Grants
by Bend Weekly News Sources
small font medium font large font
The Education Foundation for the Bend-La Pine School District has awarded 26 grants totaling $24,997 through the Classroom Impact Grants Program. These grants will benefit 20 individual schools directly and one district-wide middle school program. The Foundation received over 60 grant requests totaling $105,771 from teachers and district staff for classroom and educational programs.


"All of the grant applications are for great projects in our schools," said Lane Lyons, President of the Education Foundation. "Unfortunately, we are not able to meet all the funding requests. Thanks to increasing support from our community, the Foundation has provided over $493,326 in support to our teachers, classrooms and students since 2003.”

Anonymous said...

Lane Lyons, ...

HospiceCenter Board of Directors
July 2007

* Karen Wolfe - Acting Interim Board Chairman
MedMetrics, LLC
* Eric Alexander - Chief Executive Officer
HospiceCenter
* David P Faircio
Chairman of Central Oregon Veterans Council
* Peggy Grimm
* Stephen Kornfeld, MD - Medical Director
Bend Memorial Clinic
Ex Officio
* Lane Lyons
Summit 1031

Anonymous said...

Lane Lyons, ...

1 DLLC INA AGT 256807-94 CUR 1321 SEQUOIA AVENUE, LLC
2 DLLC INA AGT 256859-91 CUR 4090 BERRYWOOD DRIVE, LLC
3 DLLC INA AGT 256861-97 CUR 4165 EDDYSTONE PLACE, LLC
4 DLLC INA AGT 256810-99 CUR 4686 CALUMET WAY, LLC
5 DLLC INA AGT 256808-93 CUR 92726 PEBBLE BEACH LANE, LLC
6 DLLC INA AGT 324397-96 CUR ABACUS MTN. DEVELOPMENT, LLC
7 DLLC INA AGT 384758-93 CUR ABARRANE MTN. DEVELOPMENT, LLC
8 DLLC INA AGT 300609-90 CUR ACADIA MTN. DEVELOPMENT, LLC
9 DLLC INA AGT 324400-91 CUR ACHILLES MTN. DEVELOPMENT, LLC
10 DLLC INA AGT 324401-90 CUR ACOUSTIC MTN. DEVELOPMENT, LLC
11 DLLC INA AGT 300615-92 CUR AGATE MTN. DEVELOPMENT, LLC
12 DLLC INA AGT 374016-92 CUR ALDRIDGE MTN. DEVELOPMENT, LLC
13 DLLC INA AGT 300616-91 CUR ALIBATES MTN. DEVELOPMENT, LLC
14 DLLC ACT AGT 540165-98 CUR ALOHA CREEK DEVELOPMENT, LLC
15 DLLC INA AGT 343069-93 CUR ALOHA MTN. DEVELOPMENT, LLC
16 DLLC INA AGT 451715-92 CUR ALVERSTONE PEAK DEVELOPMENT, LLC
17 DLLC ACT AGT 540167-96 CUR AMBER CREEK DEVELOPMENT, LLC
18 DLLC INA AGT 300617-90 CUR ANACOSTA MTN. DEVELOPMENT, LLC
19 DLLC INA AGT 343072-98 CUR ANCHORAGE MTN. DEVELOPMENT, LLC
20 DLLC INA AGT 343075-95 CUR ANGOLA MTN. DEVELOPMENT, LLC
21 DLLC INA AGT 300619-98 CUR ANTIETAM MTN. DEVELOPMENT, LLC
22 DLLC ACT AGT 324406-95 CUR APOLLO MTN. DEVELOPMENT, LLC
23 ABN INA REP 283080-96 CUR APPETITE CUSTOM CATERING
24 DLLC ACT AGT 558367-96 CUR APPLE CREEK DEVELOPMENT, LLC
25 DLLC INA AGT 448031-95 CUR APPLE PEAK DEVELOPMENT, LLC
26 DLLC INA AGT 384764-95 CUR APPLETON MTN. DEVELOPMENT, LLC
27 ABN INA REP 245166-92 CUR APRICOT LANE
28 DLLC INA AGT 300620-95 CUR ARCHES MTN. DEVELOPMENT, LLC
29 DLLC INA AGT 343077-93 CUR ARGENTINA MTN. DEVELOPMENT, LLC
30 DLLC INA AGT 324407-94 CUR ARGOS MTN. DEVELOPMENT, LLC
31 DLLC ACT AGT 540177-94 CUR ARIES CREEK DEVELOPMENT, LLC
32 DLLC INA AGT 299278-94 CUR ARIES MTN. DEVELOPMENT, LLC
33 DLLC INA AGT 343078-92 CUR ARLINGTON MTN. DEVELOPMENT, LLC
34 DLLC ACT AGT 528229-97 CUR ARTHUR CREEK DEVELOPMENT, LLC
35 DLLC INA AGT 300622-93 CUR ARTHUR MTN. DEVELOPMENT, LLC
36 DLLC ACT AGT 540175-96 CUR ARUBA CREEK DEVELOPMENT, LLC
37 DLLC INA AGT 343084-94 CUR ARUBA MTN. DEVELOPMENT, LLC
38 DLLC INA AGT 428713-92 CUR ARVON PEAK DEVELOPMENT, LLC
39 DLLC INA AGT 374018-90 CUR ASHTON MTN. DEVELOPMENT, LLC
40 DLLC INA AGT 401799-96 CUR ASIA MTN. DEVELOPMENT, LLC
41 DBC ACT AGT 165499-90 CUR ASPEN RIDGE ELECTRIC, INC.
42 DLLC INA AGT 451721-94 CUR AUGUSTA PEAK DEVELOPMENT, LLC
43 DLLC INA AGT 343087-91 CUR AURORA MTN. DEVELOPMENT, LLC
44 DLLC INA AGT 324410-99 CUR AUSTIN MTN. DEVELOPMENT, LLC
45 DLLC INA AGT 308215-99 CUR AVALANCHE MTN. DEVELOPMENT, LLC
46 DLLC INA AGT 350994-98 CUR AVERY MTN. DEVELOPMENT, LLC
47 DLLC INA AGT 308216-98 CUR AVIATOR MTN. DEVELOPMENT, LLC
48 DLLC ACT AGT 558372-99 CUR AZTEC CREEK DEVELOPMENT, LLC
49 DLLC INA AGT 448035-91 CUR AZURE PEAK DEVELOPMENT, LLC
50 DLLC INA AGT 053331-90 CUR B.T.D. PROPERTIES, LLC
51 DLLC ACT AGT 517362-97 CUR BACHELOR CREEK DEVELOPMENT, LLC
52 DLLC INA AGT 300623-92 CUR BADLANDS PEAK DEVELOPMENT, LLC
53 DLLC ACT AGT 558375-96 CUR BAKER CREEK DEVELOPMENT, LLC
54 DLLC INA AGT 390347-98 CUR BAKER MTN. DEVELOPMENT, LLC
55 DLLC INA AGT 428716-99 CUR BALD PEAK DEVELOPMENT, LLC
56 DLLC INA AGT 374019-99 CUR BANCROFT MTN. DEVELOPMENT, LLC
57 DLLC INA AGT 300628-97 CUR BANDELIER MTN. DEVELOPMENT, LLC
58 DLLC INA AGT 300630-93 CUR BANTU MTN. DEVELOPMENT, LLC
59 DLLC INA AGT 343089-99 CUR BARBADOS MTN. DEVELOPMENT, LLC
60 DLLC INA AGT 457505-93 CUR BARROW CREEK DEVELOPMENT, LLC
61 DLLC INA AGT 350997-95 CUR BASALT MTN. DEVELOPMENT, LLC
62 DLLC ACT AGT 517350-91 CUR BATTLE CREEK DEVELOPMENT, LLC
63 DBC INA AGT 071286-97 CUR BEAMER'S CERAMICS, INC.
64 DLLC ACT AGT 391400-90 CUR BEAR CREEK PEAK DEVELOPMENT, LLC
65 DLLC ACT AGT 457507-91 CUR BEARPAW CREEK DEVELOPMENT, LLC
66 DLLC INA AGT 428720-93 CUR BEAVER CREEK PEAK DEVELOPMENT, LLC
67 DLLC INA AGT 351000-98 CUR BECKER MTN. DEVELOPMENT, LLC
68 DLLC INA AGT 343091-95 CUR BELGIUM MTN. DEVELOPMENT, LLC
69 DLLC INA AGT 343096-90 CUR BELIZE MTN. DEVELOPMENT, LLC
70 DLLC ACT AGT 517366-93 CUR BEND CREEK DEVELOPMENT, LLC
71 DLLC INA AGT 324414-95 CUR BETA MTN. DEVELOPMENT, LLC
72 DLLC INA AGT 428731-90 CUR BIG FROG PEAK DEVELOPMENT, LLC
73 DLLC INA AGT 428738-93 CUR BIG POWDERHORN PEAK DEVELOPMENT, LLC
74 DLLC INA AGT 300631-92 CUR BIGHORN MTN. DEVELOPMENT, LLC
75 DLLC INA AGT 374020-96 CUR BINGHAM MTN. DEVELOPMENT, LLC
76 DLLC ACT AGT 391405-95 CUR BISMARK MTN DEVELOPMENT, LLC
77 DLLC INA AGT 451731-92 CUR BLACKBURN PEAK DEVELOPMENT, LLC
78 DLLC INA AGT 300632-91 CUR BLACKSTONE MTN. DEVELOPMENT, LLC
79 DLLC INA AGT 451724-91 CUR BLEFORD PEAK DEVELOPMENT, LLC
80 DLLC INA AGT 351001-97 CUR BLISS MTN. DEVELOPMENT, LLC
81 DLLC INA AGT 324415-94 CUR BLIZZARD MTN. DEVELOPMENT, LLC
82 DLLC INA AGT 338676-98 CUR BMT&L, LLC
83 DLLC INA AGT 343111-91 CUR BOLIVIA MTN. DEVELOPMENT, LLC
84 DLLC INA AGT 451732-91 CUR BONA PEAK DEVELOPMENT, LLC
85 DLLC INA AGT 457510-96 CUR BONANZA CREEK DEVELOPMENT, LLC
86 DLLC INA AGT 351007-91 CUR BONNER MTN. DEVELOPMENT, LLC
87 DLLC ACT AGT 558402-93 CUR BOSTON CREEK DEVELOPMENT, LLC
88 DLLC INA AGT 343117-95 CUR BOSTON MTN. DEVELOPMENT, LLC
89 DLLC INA AGT 448043-91 CUR BOUNDARY PEAK DEVELOPMENT, LLC
90 DLLC INA AGT 324416-93 CUR BRASS MTN. DEVELOPMENT, LLC
91 DLLC INA AGT 384763-96 CUR BRAY MTN. DEVELOPMENT, LLC
92 DLLC INA AGT 324417-92 CUR BRAZIL MTN. DEVELOPMENT, LLC
93 DLLC ACT AGT 540170-91 CUR BRIDAL CREEK DEVELOPMENT, LLC
94 DLLC INA AGT 343122-98 CUR BRIDAL MTN. DEVELOPMENT, LLC
95 DLLC INA AGT 428748-91 CUR BRIDGEMAN PEAK DEVELOPMENT, LLC
96 ABN ACT REP 153772-94 CUR BRISTOL CONSTRUCTION
97 DLLC ACT AGT 120255-99 CUR BROGLEY ENTERPRISES, LLC
98 DLLC INA AGT 324469-99 CUR BRONZE MTN. DEVELOPMENT, LLC
99 DLLC INA AGT 457511-95 CUR BROOKS CREEK DEVELOPMENT, LLC
100 DLLC INA AGT 451735-98 CUR BROSS PEAK DEVELOPMENT, LLC
101 DLLC INA AGT 324471-95 CUR BROTHERS MTN. DEVELOPMENT, LLC
102 DLLC INA AGT 457513-93 CUR BROWER CREEK DEVELOPMENT, LLC
103 DLLC INA AGT 420730-98 CUR BUCK PEAK DEVELOPMENT, LLC
104 DLLC INA AGT 300635-98 CUR BUFFALO MTN. DEVELOPMENT, LLC
105 DLLC INA AGT 374036-98 CUR BUHL MTN. DEVELOPMENT, LLC
106 DLLC INA AGT 448044-90 CUR BURKE PEAK DEVELOPMENT, LLC
107 DLLC INA AGT 351011-95 CUR BURLEY MTN. DEVELOPMENT, LLC
108 DLLC ACT AGT 488236-94 CUR BURNSIDE CREEK DEVELOPMENT, LLC
109 DLLC INA AGT 391408-92 CUR BURNT PEAK DEVELOPMENT, LLC
110 DLLC INA AGT 300637-96 CUR BUSH MTN. DEVELOPMENT, LLC
111 DLLC INA AGT 119649-96 CUR C.O. HOLDING COMPANY, INC.
112 DLLC INA AGT 308217-97 CUR CABACHON MTN. DEVELOPMENT, LLC
113 DLLC ACT AGT 528288-95 CUR CABIN CREEK DEVELOPMENT, LLC
114 DLLC INA AGT 391413-95 CUR CABIN PEAK DEVELOPMENT, LLC
115 DBC INA AGT 043257-91 CUR CAFE' MOSAICA, INC.
116 DLLC INA AGT 324473-93 CUR CALAMA MTN. DEVELOPMENT, LLC
117 DLLC INA AGT 374038-96 CUR CALDWELL MTN. DEVELOPMENT, LLC
118 DLLC INA AGT 324476-90 CUR CALYDON MTN. DEVELOPMENT, LLC
119 DLLC INA AGT 061864-98 CUR CAMALEON, LLC
120 DLLC INA AGT 299275-97 CUR CANCER MTN. DEVELOPMENT, LLC
121 DLLC INA AGT 428749-90 CUR CARDWELL PEAK DEVELOPMENT, LLC
122 DLLC INA AGT 457515-91 CUR CARIN CREEK DEVELOPMENT, LLC
123 DLLC INA AGT 457517-99 CUR CARLTON CREEK DEVELOPMENT, LLC
124 DLLC ACT AGT 324490-92 CUR CAROLINA MTN. DEVELOPMENT, LLC
125 DLLC INA AGT 300678-96 CUR CARTER MTN. DEVELOPMENT, LLC
126 DLLC INA AGT 324491-91 CUR CARTHAGE MTN. DEVELOPMENT, LLC
127 DBC INA AGT 737742-84 CUR CASCADE RESORTS, INC.
128 DLLC INA AGT 457520-94 CUR CASTLE CREEK DEVELOPMENT, LLC
129 DLLC INA AGT 420732-96 CUR CEDAR PEAK DEVELOPMENT, LLC
130 DLLC ACT AGT 315030-97 CUR CENTURY DRIVE MOBILE HOME PARK, LLC
131 DLLC ACT AGT 319471-95 CUR CFALLS INVESTMENTS, LLC
132 DLLC INA AGT 343126-94 CUR CHAD MTN. DEVELOPMENT, LLC
133 DLLC INA AGT 451736-97 CUR CHAPMAN PEAK DEVELOPMENT, LLC
134 DLLC INA AGT 451740-91 CUR CHARITY PEAK DEVELOPMENT, LLC
135 DLLC ACT AGT 391415-93 CUR CHELAN PEAK DEVELOPMENT, LLC
136 DLLC INA AGT 343134-94 CUR CHEMULT MTN. DEVELOPMENT, LLC
137 DLLC INA AGT 343137-91 CUR CHESHIRE MTN. DEVELOPMENT, LLC
138 DLLC INA AGT 308218-96 CUR CHEYENNE MTN. DEVELOPMENT, LLC
139 DLLC INA AGT 324492-90 CUR CHILE MTN. DEVELOPMENT, LLC
140 DLLC INA AGT 299257-99 CUR CHINA HAT BUTTE DEVELOPMENT, LLC
141 DLLC INA AGT 451742-99 CUR CHURCHILL PEAK DEVELOPMENT, LLC
142 DLLC INA AGT 428752-94 CUR CINCH PEAK DEVELOPMENT, LLC
143 DLLC INA AGT 308219-95 CUR CITRINE MTN. DEVELOPMENT, LLC
144 DLLC ACT AGT 517444-99 CUR CLACKAMAS CREEK DEVELOPMENT, LLC
145 DLLC INA AGT 390349-96 CUR CLARK PEAK DEVELOPMENT, LLC
146 DLLC INA AGT 374039-95 CUR CLAYTON MTN. DEVELOPMENT, LLC
147 DLLC INA AGT 374040-92 CUR CLEARWATER MTN. DEVELOPMENT, LLC
148 DLLC INA AGT 457522-92 CUR CLEM CREEK DEVELOPMENT, LLC
149 DLLC ACT AGT 391417-91 CUR CLEMAN PEAK DEVELOPMENT, LLC
150 DLLC INA AGT 301996-99 CUR CLEVELAND MTN. DEVELOPMENT, LLC
151 DLLC INA AGT 420736-92 CUR CLINE PEAK DEVELOPMENT, LLC
152 DLLC INA AGT 301999-96 CUR CLINTON MTN. DEVELOPMENT, LLC
153 DLLC INA AGT 308221-91 CUR COBALT MTN. DEVELOPMENT, LLC
154 DLLC INA AGT 343139-99 CUR COBURG MTN. DEVELOPMENT, LLC
155 DLLC INA AGT 343141-95 CUR COLTON MTN. DEVELOPMENT, LLC
156 DLLC INA AGT 343151-92 CUR COLUMBIA MTN. DEVELOPMENT, LLC
157 DLLC INA AGT 457523-91 CUR CONE CREEK DEVELOPMENT, LLC
158 DLLC INA AGT 302004-97 CUR COOLIDGE MTN. DEVELOPMENT, LLC
159 DLLC INA AGT 343155-98 CUR COQUILLE MTN. DEVELOPMENT, LLC
160 DLLC INA AGT 312512-91 CUR CORAL MTN. DEVELOPMENT, LLC
161 DLLC INA AGT 457525-99 CUR CORDOVA CREEK DEVELOPMENT, LLC
162 DLLC ACT AGT 293487-94 CUR CORNEY INVESTORS, LLC
163 ABN INA REP 109141-90 CUR COSTA AND COSTA CONSTRUCTION
164 DLLC INA AGT 343190-95 CUR COTTAGE MTN. DEVELOPMENT, LLC
165 DLLC INA AGT 390351-91 CUR COTTONWOOD PEAK DEVELOPMENT, LLC
166 DLLC INA AGT 324493-99 CUR COVE MTN. DEVELOPMENT, LLC
167 DLLC ACT AGT 558360-93 CUR COYOTE CREEK DEVELOPMENT, LLC
168 DLLC INA AGT 312513-90 CUR COYOTE MTN. DEVELOPMENT, LLC
169 DLLC ACT AGT 510130-93 CUR CRATER CREEK DEVELOPMENT, LLC
170 DLLC INA AGT 343192-93 CUR CRESWELL MTN. DEVELOPMENT, LLC
171 DLLC INA AGT 324498-94 CUR CRETE MTN. DEVELOPMENT, LLC
172 DLLC ACT AGT 517473-93 CUR CROOKED CREEK DEVELOPMENT, LLC
173 DBC ACT AGT 788801-85 CUR CTILE BEND, INC.
174 DLLC ACT AGT 382892-94 CUR CULVER CROSSING, LLC
175 DLLC ACT MEM 382892-94 CUR CULVER CROSSING, LLC
176 DLLC INA AGT 324499-93 CUR CULVER MTN. DEVELOPMENT, LLC
177 DLLC ACT AGT 428753-93 CUR CUMBERLAND PEAK DEVELOPMENT, LLC
178 DLLC INA AGT 451744-97 CUR CURTIS PEAK DEVELOPMENT, LLC
179 DLLC INA AGT 343204-99 CUR CYPRUS MTN. DEVELOPMENT, LLC
180 DLLC INA AGT 343207-96 CUR DAIRY MTN. DEVELOPMENT, LLC
181 DLLC INA AGT 324506-94 CUR DAKOTA MTN. DEVELOPMENT, LLC
182 DLLC INA AGT 343209-94 CUR DALLAS MTN. DEVELOPMENT, LLC
183 DLLC INA AGT 374052-97 CUR DARLINGTON MTN. DEVELOPMENT, LLC
184 DLLC ACT AGT 528243-99 CUR DAWES CREEK DEVELOPMENT, LLC
185 DLLC INA AGT 324508-92 CUR DAWN MTN. DEVELOPMENT, LLC
186 DLLC ACT AGT 374054-95 CUR DEARY MTN. DEVELOPMENT, LLC
187 DLLC ACT AGT 488241-97 CUR DEBORAH CREEK DEVELOPMENT, LLC
188 DLLC INA AGT 451745-96 CUR DEER PEAK DEVELOPMENT, LLC
189 DLLC INA AGT 324510-98 CUR DELPHI MTN. DEVELOPMENT, LLC
190 DLLC INA AGT 324512-96 CUR DELTA MTN. DEVELOPMENT, LLC
191 DLLC INA AGT 343212-99 CUR DENVER MTN. DEVELOPMENT, LLC
192 DLLC INA AGT 324515-93 CUR DEPOE MTN. DEVELOPMENT, LLC
193 DBC INA AGT 039678-90 CUR DESCHUTES RIVER DEVELOPMENT, INC.
194 DLLC INA AGT 343215-96 CUR DETROIT MTN. DEVELOPMENT, LLC
195 DLLC INA AGT 343217-94 CUR DEXTER MTN. DEVELOPMENT, LLC
196 DLLC INA AGT 343497-95 CUR DIEGO MTN. DEVELOPMENT, LLC
197 DLLC INA AGT 343498-94 CUR DILLARD MTN. DEVELOPMENT, LLC
198 DLLC INA AGT 374056-93 CUR DIXIE MTN. DEVELOPMENT, LLC
199 DLLC INA AGT 457526-98 CUR DOUBLE CREEK DEVELOPMENT, LLC
200 DLLC INA AGT 420739-99 CUR DOVE PEAK DEVELOPMENT, LLC
201 DLLC INA AGT 343500-90 CUR DRAIN MTN. DEVELOPMENT, LLC
202 DLLC INA AGT 457527-97 CUR DREW CREEK DEVELOPMENT, LLC
203 DLLC ACT AGT 428754-92 CUR DRISKILL PEAK DEVELOPMENT, LLC
204 DLLC INA AGT 374061-96 CUR DUBOIS MTN. DEVELOPMENT, LLC
205 DLLC INA AGT 302008-93 CUR DUNES MTN. DEVELOPMENT, LLC
206 DLLC ACT AGT 488244-94 CUR DUSTY CREEK DEVELOPMENT, LLC
207 DLLC ACT AGT 528267-90 CUR DUTTON CREEK DEVELOPMENT, LLC
208 DLLC ACT AGT 510061-96 CUR EAGLE CREEK DEVELOPMENT, LLC
209 DLLC INA AGT 420742-94 CUR EAGLE NEST MTN. DEVELOPMENT, LLC
210 DLLC INA AGT 324523-93 CUR ECHO MTN. DEVELOPMENT, LLC
211 DBC INA AGT 021762-95 CUR ECP ENTERPRISES, INC.
212 DLLC INA AGT 343501-99 CUR ECUADOR MTN. DEVELOPMENT, LLC
213 DLLC INA AGT 374057-92 CUR EDMOND MTN. DEVELOPMENT, LLC
214 DLLC INA AGT 302014-95 CUR EISENHOWER MTN. DEVELOPMENT, LLC
215 DLLC ACT AGT 488247-91 CUR ELDRIDGE CREEK DEVELOPMENT, LLC
216 DLLC INA AGT 374062-95 CUR ELLIS MTN. DEVELOPMENT, LLC
217 DLLC INA AGT 343503-97 CUR ELMIRA MTN. DEVELOPMENT, LLC
218 DLLC INA AGT 448046-98 CUR ELMORE PEAK DEVELOPMENT, LLC
219 DLLC INA AGT 312517-96 CUR EMERALD MTN. DEVELOPMENT, LLC
220 DLLC INA AGT 390353-99 CUR EMIGRANT BUTTE DEVELOPMENT, LLC
221 DLLC ACT AGT 182958-99 CUR EMMETT RANCH, LLC
222 DLLC INA AGT 106341-94 CUR EMOVATIONS TECHNOLOGIES, LLC
223 DLLC INA AGT 448047-97 CUR EQUINOX PEAK DEVELOPMENT, LLC
224 DLLC INA AGT 457528-96 CUR EXPLORER CREEK DEVELOPMENT, LLC
225 DLLC INA AGT 245486-95 CUR EXPLORER MTN. DEVELOPMENT, L.L.C.
226 DLLC INA AGT 374064-93 CUR FAIRFIELD MTN. DEVELOPMENT, LLC
227 DLLC INA AGT 343504-96 CUR FIJI MTN. DEVELOPMENT, LLC
228 DLLC ACT AGT 528226-90 CUR FILLMORE CREEK DEVELOPMENT, LLC
229 DLLC INA AGT 302017-92 CUR FILLMORE MTN. DEVELOPMENT, LLC
230 DLLC INA AGT 457529-95 CUR FINN CREEK DEVELOPMENT, LLC
231 DLLC INA AGT 451750-98 CUR FIRE PEAK DEVELOPMENT, LLC
232 DLLC ACT AGT 528286-97 CUR FLAG CREEK DEVELOPMENT, LLC
233 DLLC INA AGT 420744-92 CUR FLAG PEAK DEVELOPMENT, LLC
234 DLLC INA AGT 351012-94 CUR FLORENCE MTN. DEVELOPMENT, LLC
235 DLLC INA AGT 302019-90 CUR FORD MTN. DEVELOPMENT, LLC
236 DLLC INA AGT 302021-96 CUR FOSSIL MTN. DEVELOPMENT, LLC
237 DLLC INA AGT 351013-93 CUR FOSTER MTN. DEVELOPMENT, LLC
238 DLLC INA AGT 457530-92 CUR FRANK CREEK DEVELOPMENT, LLC
239 DLLC ACT AGT 558377-94 CUR FROG CREEK DEVELOPMENT, LLC
240 DNP ACT AGT 605595-81 CUR FRONTLINE FOUNDATION
241 DLLC INA AGT 324526-90 CUR FURY MTN. DEVELOPMENT, LLC
242 DLLC INA AGT 420748-98 CUR GALLINA MTN. DEVELOPMENT, LLC
243 DLLC INA AGT 240119-91 CUR GALVESTON POINT OPERATIONS, LLC
244 DLLC ACT AGT 240090-94 CUR GALVESTON POINT, LLC
245 DLLC INA AGT 351023-91 CUR GAMBIA MTN. DEVELOPMENT, LLC
246 DLLC INA AGT 302025-92 CUR GARFIELD MTN. DEVELOPMENT, LLC
247 DLLC INA AGT 312518-95 CUR GARNET MTN. DEVELOPMENT, LLC
248 DLLC INA AGT 351025-99 CUR GATES MTN. DEVELOPMENT, LLC
249 ABN ACT REP 412622-96 CUR GBH LLC
250 DLLC INA AGT 351026-98 CUR GEARHART MTN. DEVELOPMENT, LLC
251 DLLC INA AGT 299254-92 CUR GEMINI MTN. DEVELOPMENT, LLC
252 DBC INA AGT 251674-95 CUR GENKAN, INC.
253 DLLC INA AGT 374066-91 CUR GERARD MTN. DEVELOPMENT, LLC
254 DLLC INA AGT 351028-96 CUR GHANA MTN. DEVELOPMENT, LLC
255 DLLC INA AGT 312519-94 CUR GILA MTN. DEVELOPMENT, LLC
256 DLLC INA AGT 351030-92 CUR GILCHRIST MTN. DEVELOPMENT, LLC
257 DNP INA AGT 147481-98 CUR GIVE FOR KIDS, INC.
258 DLLC ACT AGT 407066-99 CUR GLACIER BRIDGE HOLDINGS, LLC
259 DLLC INA AGT 351031-91 CUR GLENADA MTN. DEVELOPMENT, LLC
260 DLLC INA AGT 351035-97 CUR GLIDE MTN. DEVELOPMENT, LLC
261 DLLC ACT AGT 488254-91 CUR GOODE CREEK DEVELOPMENT, LLC
262 DLLC INA AGT 351036-96 CUR GOSHEN MTN. DEVELOPMENT, LLC
263 DLLC INA AGT 448049-95 CUR GRANBY PEAK DEVELOPMENT, LLC
264 DLLC ACT AGT 540172-99 CUR GRANDE CREEK DEVELOPMENT, LLC
265 DLLC ACT AGT 517434-91 CUR GRANT CREEK DEVELOPMENT, LLC
266 DLLC INA AGT 448052-99 CUR GRANT PEAK DEVELOPMENT, LLC
267 DLLC INA AGT 428756-90 CUR GREAT SMOKEY PEAK DEVELOPMENT, LLC
268 DLLC INA AGT 448055-96 CUR GREEN PEAK DEVELOPMENT, LLC
269 DLLC ACT AGT 488250-95 CUR GREENBOW CREEK DEVELOPMENT, LLC
270 DLLC INA AGT 374078-97 CUR GROVE MTN. DEVELOPMENT, LLC
271 DLLC INA AGT 428791-97 CUR GUNTERS PEAK DEVELOPMENT, LLC
272 DLLC INA AGT 401803-90 CUR GUS MTN. DEVELOPMENT, LLC
273 DLLC INA AGT 374080-93 CUR HAGERMAN MTN. DEVELOPMENT, LLC
274 DLLC INA AGT 374081-92 CUR HAILEY MTN. DEVELOPMENT, LLC
275 DLLC INA AGT 351041-99 CUR HAINES MTN. DEVELOPMENT, LLC
276 DLLC INA AGT 374085-98 CUR HAMER MTN. DEVELOPMENT, LLC
277 DLLC ACT AGT 488258-97 CUR HAMILTON CREEK DEVELOPMENT, LLC
278 DLLC INA AGT 351043-97 CUR HARBOR MTN. DEVELOPMENT, LLC
279 DLLC INA AGT 302036-99 CUR HARMONY MTN. DEVELOPMENT, LLC
280 DLLC ACT AGT 488266-97 CUR HARPER CREEK DEVELOPMENT, LLC
281 DLLC INA AGT 428792-96 CUR HARRIS PEAK DEVELOPMENT, LLC
282 DLLC ACT AGT 528221-95 CUR HARRISON CREEK DEVELOPMENT, LLC
283 DLLC INA AGT 302040-93 CUR HARRISON MTN. DEVELOPMENT, LLC
284 DLLC ACT AGT 488268-95 CUR HAYES CREEK DEVELOPMENT, LLC
285 DLLC INA AGT 420755-98 CUR HAYSTACK PEAK DEVELOPMENT, LLC
286 DLLC INA AGT 196548-96 CUR HEDGEHOG, LLC
287 DLLC ACT AGT 488270-91 CUR HENRY CREEK DEVELOPMENT, LLC
288 DLLC INA AGT 420769-92 CUR HENSON PEAK DEVELOPMENT, LLC
289 DLLC INA AGT 335083-91 CUR HERA MTN. DEVELOPMENT. LLC
290 DLLC INA AGT 384753-98 CUR HERBERT MTN. DEVELOPMENT, LLC
291 DLLC INA AGT 351052-95 CUR HERMISTON MTN. DEVELOPMENT, LLC
292 DLLC INA AGT 374091-90 CUR HEYBURN MTN. DEVELOPMENT, LLC
293 DBC INA AGT 232196-94 CUR HI-WAY MARKET, INC.
294 DLLC INA AGT 302053-97 CUR HOMESTEAD MTN. DEVELOPMENT, LLC
295 DLLC ACT AGT 517364-95 CUR HOOD CREEK DEVELOPMENT, LLC
296 DLLC ACT AGT 528238-96 CUR HOOVER CREEK DEVELOPMENT, LLC
297 DLLC INA AGT 302055-95 CUR HOOVER MTN. DEVELOPMENT, LLC
298 DLLC INA AGT 457531-91 CUR HOPE CREEK DEVELOPMENT, LLC
299 DNP ACT AGT 142478-11 CUR HOSPICECENTER, INC.
300 DLLC INA AGT 457532-90 CUR HUNCH CREEK DEVELOPMENT, LLC
301 DLLC INA AGT 351053-94 CUR HUNGARY MTN. DEVELOPMENT, LLC
302 DLLC ACT AGT 341402-93 CUR HUNTER RANCH, LLC
303 DLLC ACT AGT 488272-99 CUR HUXLEY CREEK DEVELOPMENT, LLC
304 DLLC INA AGT 302071-95 CUR ICE MTN. DEVELOPMENT, LLC
305 DLLC INA AGT 457533-99 CUR IDA CREEK DEVELOPMENT, LLC
306 DLLC INA AGT 457534-98 CUR IDAHO CREEK DEVELOPMENT, LLC
307 DLLC INA AGT 351054-93 CUR IDANHA MTN. DEVELOPMENT, LLC
308 DLLC INA AGT 335084-90 CUR ILIAD MTN. DEVELOPMENT, LLC
309 DBC ACT AGT 375469-83 CUR INLAND CAPITAL CORP.
310 DLLC INA AGT 335086-98 CUR IRIS MTN. DEVELOPMENT, LLC
311 DLLC ACT AGT 510046-96 CUR IRISH CREEK DEVELOPMENT, LLC
312 DLLC INA AGT 351062-93 CUR IRRIGON MTN. DEVELOPMENT, LLC
313 DLLC INA AGT 420774-95 CUR JACKS MTN. DEVELOPMENT, LLC
314 DLLC ACT AGT 517349-95 CUR JACKSON CREEK DEVELOPMENT, LLC
315 DLLC INA AGT 302086-98 CUR JACKSON MTN. DEVELOPMENT, LLC
316 DLLC INA AGT 312522-99 CUR JADE MTN. DEVELOPMENT, LLC
317 DLLC INA AGT 312529-92 CUR JAGUAR MTN. DEVELOPMENT, LLC
318 DLLC INA AGT 401794-91 CUR JAKE MTN. DEVELOPMENT, LLC
319 DLLC INA AGT 242853-97 CUR JAM PROPERTIES, LLC
320 DLLC INA AGT 351066-99 CUR JAMAICA MTN. DEVELOPMENT, LLC
321 DLLC INA AGT 312530-99 CUR JASPER MTN. DEVELOPMENT, LLC
322 DLLC ACT AGT 517375-92 CUR JEFFERSON CREEK DEVELOPMENT, LLC
323 DLLC INA AGT 302125-91 CUR JEFFERSON MTN. DEVELOPMENT, LLC
324 DLLC INA AGT 374094-97 CUR JEROME MTN. DEVELOPMENT, LLC
325 DLLC ACT AGT 510050-99 CUR JOHN CREEK DEVELOPMENT, LLC
326 DLLC ACT AGT 528294-97 CUR JOHNSON CREEK DEVELOPMENT, LLC
327 DLLC INA AGT 302127-99 CUR JOHNSON MTN. DEVELOPMENT, LLC
328 DLLC INA AGT 351069-96 CUR JORDAN MTN. DEVELOPMENT, LLC
329 DLLC INA AGT 284663-99 CUR JOSEPH RIVER DEVELOPMENT, L.L.C.
330 DLLC INA AGT 299247-92 CUR JUNIPER PEAK DEVELOPMENT, LLC
331 DLLC INA AGT 351076-97 CUR JUNTURA MTN. DEVELOPMENT, LLC
332 DLLC ACT AGT 488274-97 CUR KELLY CREEK DEVELOPMENT, LLC
333 DLLC INA AGT 451752-96 CUR KELSEY PEAK DEVELOPMENT, LLC
334 DLLC ACT AGT 504833-96 CUR KENAI RIVER DEVELOPMENT, LLC
335 DLLC ACT AGT 517442-91 CUR KENNEDY CREEK DEVELOPMENT, LLC
336 DLLC INA AGT 302130-94 CUR KENNEDY MTN. DEVELOPMENT, LLC
337 DLLC INA AGT 351077-96 CUR KENT MTN. DEVELOPMENT, LLC
338 DLLC INA AGT 384767-92 CUR KEYDA MTN. DEVELOPMENT, LLC
339 DLLC ACT AGT 488276-95 CUR KIMBALL CREEK DEVELOPMENT, LLC
340 DLLC INA AGT 335088-96 CUR KLAMATH MTN. DEVELOPMENT, LLC
341 DLLC INA AGT 284679-91 CUR KLAMATH RIVER DEVELOPMENT, L.L.C.
342 DLLC INA AGT 284658-96 CUR KLASKANINE RIVER DEVELOPMENT, L.L.C.
343 DLLC INA AGT 302133-91 CUR KOBUK MTN. DEVELOPMENT, LLC
344 DLLC ACT AGT 488280-99 CUR LAMONT CREEK DEVELOPMENT, LLC
345 DLLC INA AGT 299256-90 CUR LAVA BUTTE DEVELOPMENT, LLC
346 DLLC INA AGT 351079-94 CUR LEABURG MTN. DEVELOPMENT, LLC
347 DLLC INA AGT 146997-97 CUR LEE CONSULTING, LLC
348 DLLC ACT AGT 528265-92 CUR LENA CREEK DEVELOPMENT, LLC
349 DLLC INA AGT 299252-94 CUR LEO MTN. DEVELOPMENT, LLC
350 DBC INA AGT 049368-94 CUR LEWIS & SHORT, INC.
351 DLLC INA AGT 374096-95 CUR LIBERTY MTN. DEVELOPMENT, LLC
352 DLLC INA AGT 299250-96 CUR LIBRA MTN. DEVELOPMENT, LLC
353 DLLC ACT AGT 517378-99 CUR LINCOLN CREEK DEVELOPMENT, LLC
354 DLLC INA AGT 284666-96 CUR LITTLE BUTTE RIVER DEVELOPMENT, L.L.C.
355 DLLC INA AGT 150261-98 CUR LITTLE RIVER BOARDING STABLES, LLC
356 DLLC ACT AGT 428797-91 CUR LOG PEAK DEVELOPMENT, LLC
357 DLLC INA AGT 390341-94 CUR LOGAN MTN. DEVELOPMENT, LLC
358 DLLC INA AGT 284678-92 CUR LOST RIVER DEVELOPMENT, L.L.C.
359 DLLC INA AGT 351080-91 CUR LOWELL MTN. DEVELOPMENT, LLC
360 DPC ACT AGT 543572-99 CUR LYONS & CO., PC
361 DLLC ACT AGT 302134-90 CUR MADISON MTN. DEVELOPMENT, LLC
362 DLLC INA AGT 428799-99 CUR MAGAZINE PEAK DEVELOPMENT, LLC
363 DLLC INA AGT 335098-94 CUR MAGENTA MTN. DEVELOPMENT, LLC
364 DLLC ACT AGT 488282-97 CUR MAGIC CREEK DEVELOPMENT, LLC
365 DLLC INA AGT 335099-93 CUR MAHOGANY MTN. DEVELOPMENT, LLC
366 DLLC INA AGT 351084-97 CUR MALTA MTN. DEVELOPMENT, LLC
367 DLLC INA AGT 335101-99 CUR MANITOBA MTN. DEVELOPMENT, LLC
368 DLLC ACT AGT 528284-99 CUR MAPLE CREEK DEVELOPMENT, LLC
369 DLLC INA AGT 390321-98 CUR MAPLE MTN. DEVELOPMENT, LLC
370 DLLC INA AGT 312547-90 CUR MARBLE MTN. DEVELOPMENT, LLC
371 DBC ACT AGT 097588-97 CUR MAREA, INC.
372 DLLC INA AGT 351085-96 CUR MARINO MTN. DEVELOPMENT, LLC
373 DLLC ACT AGT 528276-99 CUR MARSH CREEK DEVELOPMENT, LLC
374 DLLC ACT AGT 451754-94 CUR MARSHALL PEAK DEVELOPMENT, LLC
375 DLLC ACT AGT 488287-92 CUR MARTIN CREEK DEVELOPMENT, LLC
376 DLLC INA AGT 317417-96 CUR MARZ CAFE, LLC
377 DLLC INA AGT 351087-94 CUR MAUPIN MTN. DEVELOPMENT, LLC
378 DLLC ACT AGT 488290-97 CUR MAXWELL CREEK DEVELOPMENT, LLC
379 DLLC INA AGT 302135-99 CUR MAYAN MTN. DEVELOPMENT, LLC
380 DBC ACT AGT 078423-96 CUR MCCLEAN DEVELOPMENT, INC.
381 DLLC ACT AGT 390334-93 CUR MCCONNELL BUTTE DEVELOPMENT, LLC
382 FLLC ACT AGT 266264-99 CUR MEDICAL DEVICE INNOVATIONS, LLC
383 ABN INA REP 107449-93 CUR MEDISISS
384 DLLC INA AGT 351089-92 CUR MELBOURNE MTN. DEVELOPMENT, LLC
385 DLLC INA AGT 374098-93 CUR MENAN MTN. DEVELOPMENT, LLC
386 DLLC INA AGT 335102-98 CUR METZ MTN. DEVELOPMENT, LLC
387 DLLC ACT AGT 528274-91 CUR MIAMI CREEK DEVELOPMENT, LLC
388 DLLC INA AGT 351096-93 CUR MIAMI MTN. DEVELOPMENT, LLC
389 DLLC ACT AGT 479418-93 CUR MICHELSON CREEK DEVELOPMENT, LLC
390 DLLC INA AGT 335105-95 CUR MILO MTN. DEVELOPMENT, LLC
391 DLLC INA AGT 451758-90 CUR MINE PEAK DEVELOPMENT, LLC
392 DLLC INA AGT 420777-92 CUR MINERAL PEAK DEVELOPMENT, LLC
393 DLLC INA AGT 451761-95 CUR MITCHELL PEAK DEVELOPMENT, LLC
394 DLLC ACT AGT 528271-94 CUR MOHAVE CREEK DEVELOPMENT, LLC
395 DLLC INA AGT 390339-98 CUR MOHAVE MTN. DEVELOPMENT, LLC
396 DLLC INA AGT 351098-91 CUR MONACO MTN. DEVELOPMENT, LLC
397 DLLC ACT AGT 528251-98 CUR MONDALE CREEK DEVELOPMENT, LLC
398 DLLC ACT AGT 517377-90 CUR MONROE CREEK DEVELOPMENT, LLC
399 DLLC INA AGT 302137-97 CUR MONROE MTN. DEVELOPMENT, LLC
400 DLLC INA AGT 335107-93 CUR MOSES MTN. DEVELOPMENT, LLC
401 DLLC INA AGT 366494-99 CUR MOSIER MTN. DEVELOPMENT, LLC
402 DLLC INA AGT 737741-85 CUR MOTOR CITY PROPERTIES, LLC
403 DLLC ACT AGT 297613-92 CUR MOUNTAIN PARK, LLC
404 DLLC ACT MGR 297613-92 CUR MOUNTAIN PARK, LLC
405 DLLC INA AGT 401661-91 CUR MT. ELLSWORTH PEAK DEVELOPMENT, LLC
406 DLLC INA AGT 401666-96 CUR MT. EMMONS PEAK DEVELOPMENT, LLC
407 DLLC INA AGT 401673-97 CUR MT. HILLERS PEAK DEVELOPMENT, LLC
408 DLLC INA AGT 401682-96 CUR MT. HOLMES PEAK DEVELOPMENT, LLC
409 DLLC INA AGT 401687-91 CUR MT. LENA PEAK DEVELOPMENT, LLC
410 DLLC INA AGT 401791-94 CUR MT. MORAN PEAK DEVELOPMENT, LLC
411 DLLC INA AGT 401718-94 CUR MT. PEAL PEAK DEVELOPMENT, LLC
412 DLLC ACT AGT 401725-95 CUR MT. PENNEL PEAK DEVELOPMENT, LLC
413 DLLC INA AGT 401823-96 CUR MT. TERRELL PEAK DEVELOPMENT, LLC
414 DLLC INA AGT 366510-99 CUR MULINO MTN. DEVELOPMENT, LLC
415 DLLC INA AGT 374101-98 CUR MURRAY MTN. DEVELOPMENT, LLC
416 DLLC INA AGT 374105-94 CUR MURTAUGH MTN. DEVELOPMENT, LLC
417 DLLC INA AGT 312549-98 CUR MUSTANG MTN. DEVELOPMENT, LLC
418 DLLC INA AGT 366516-93 CUR NAMPA MTN. DEVELOPMENT, LLC
419 DLLC INA AGT 374106-93 CUR NAPLES MTN. DEVELOPMENT, LLC
420 DLLC ACT AGT 479425-94 CUR NASAK CREEK DEVELOPMENT, LLC
421 DLLC INA AGT 401797-98 CUR NATALIE MTN. DEVELOPMENT, LLC
422 DLLC INA AGT 401690-96 CUR NAVAJO PEAK DEVELOPMENT, LLC
423 DLLC INA AGT 312551-93 CUR NAVIGATOR MTN. DEVELOPMENT, LLC
424 DLLC INA AGT 366517-92 CUR NIGERIA MTN. DEVELOPMENT, LLC
425 DLLC INA AGT 335110-98 CUR NIMBUS MTN. DEVELOPMENT, LLC
426 DLLC INA AGT 312556-98 CUR NISQUALLY MTN. DEVELOPMENT, LLC
427 DLLC INA AGT 302138-96 CUR NIXON MTN. DEVELOPMENT, LLC
428 DLLC INA AGT 391330-95 CUR NORTHWEST MTN DEVELOPMENT, LLC
429 DBC INA AGT 080109-93 CUR NORTHWEST SECURITY & SPECIALTY SYSTEMS, INC.
430 DLLC INA AGT 366520-97 CUR NORWAY MTN. DEVELOPMENT, LLC
431 DLLC INA AGT 401702-92 CUR NOTCH MTN DEVELOPMENT, LLC
432 DLLC INA AGT 366523-94 CUR NOTI MTN. DEVELOPMENT, LLC
433 DLLC INA AGT 384745-99 CUR NOVA MTN. DEVELOPMENT, LLC
434 DLLC INA AGT 366524-93 CUR NYSSA MTN. DEVELOPMENT, LLC
435 DLLC ACT AGT 401713-99 CUR OCHRE PEAK DEVELOPMENT, LLC
436 DLLC INA AGT 335119-99 CUR ODYSSEY MTN. DEVELOPMENT, LLC
437 DLLC INA AGT 420778-91 CUR OLD BLUE PEAK DEVELOPMENT, LLC
438 DLLC INA AGT 384751-90 CUR OLIVER MTN. DEVELOPMENT, LLC
439 DLLC INA AGT 366529-98 CUR OMAN MTN. DEVELOPMENT, LLC
440 DLLC INA AGT 335116-92 CUR OMEGA MTN. DEVELOPMENT, LLC
441 DLLC INA AGT 312558-96 CUR ONYX MTN. DEVELOPMENT, LLC
442 DLLC INA AGT 312560-92 CUR OPAL MTN. DEVELOPMENT, LLC
443 DLLC INA AGT 335120-96 CUR ORACLE MTN. DEVELOPMENT, LLC
444 DLLC INA AGT 335111-97 CUR ORCHID MTN. DEVELOPMENT, LLC
445 DLLC ACT AGT 479444-91 CUR OSBURN CREEK DEVELOPMENT, LLC
446 DLLC INA AGT 384748-96 CUR OTTO MTN. DEVELOPMENT, LLC
447 DLLC INA AGT 335123-93 CUR PACIFIC MTN. DEVELOPMENT, LLC
448 DLLC INA AGT 439597-90 CUR PACIFIC PEAK DEVELOPMENT, LLC
449 DBC INA AGT 018854-90 CUR PACIFIC PRIME WOOD PRODUCTS, INC.
450 DBC INA MAL 018854-90 CUR PACIFIC PRIME WOOD PRODUCTS, INC.
451 DLLC ACT AGT 391371-95 CUR PAGODA MTN DEVELOPMENT, LLC
452 DLLC INA AGT 312561-91 CUR PAIUTE MTN. DEVELOPMENT, LLC
453 DLLC INA AGT 366558-92 CUR PALAU MTN. DEVELOPMENT, LLC
454 DLLC INA AGT 439601-94 CUR PALMER PEAK DEVELOPMENT, LLC
455 DLLC INA AGT 366555-95 CUR PANAMA MTN. DEVELOPMENT, LLC
456 DLLC INA AGT 366547-96 CUR PARAGUAY MTN. DEVELOPMENT, LLC
457 DLLC INA AGT 335125-91 CUR PARIS MTN. DEVELOPMENT, LLC
458 DLLC INA AGT 420781-96 CUR PARKER MTN. DEVELOPMENT, LLC
459 DLLC INA AGT 227466-97 CUR PARKWAY CAR WASH, LLC
460 DLLC INA AGT 451765-91 CUR PATIENCE PEAK DEVELOPMENT, LLC
461 DLLC INA AGT 312563-99 CUR PAWNEE MTN. DEVELOPMENT, LLC
462 DLLC INA AGT 312564-98 CUR PERIDOT MTN. DEVELOPMENT, LLC
463 DLLC INA AGT 335126-90 CUR PERSIAN MTN. DEVELOPMENT, LLC
464 DLLC INA AGT 335127-99 CUR PERU MTN. DEVELOPMENT, LLC
465 DLLC INA AGT 451767-99 CUR PETERS PEAK DEVELOPMENT, LLC
466 DLLC INA AGT 366542-91 CUR PHOENIX MTN. DEVELOPMENT, LLC
467 DLLC INA AGT 302175-90 CUR PIERCE MTN. DEVELOPMENT, LLC
468 DLLC INA AGT 391374-92 CUR PIKES MTN DEVELOPMENT, LLC
469 ABN INA REP 268465-92 CUR PIZAZO
470 ABN INA REP 268463-94 CUR PIZAZO MERCADO
471 DLLC INA AGT 451769-97 CUR PLEASANT PEAK DEVELOPMENT, LLC
472 DLLC ACT AGT 479445-90 CUR PLUMMER CREEK DEVELOPMENT, LLC
473 DLLC INA AGT 391377-99 CUR POINT IMPERIAL MTN DEVELOPMENT, LLC
474 DLLC INA AGT 366537-98 CUR POLAND MTN. DEVELOPMENT, LLC
475 DLLC ACT AGT 528223-93 CUR POLK CREEK DEVELOPMENT, LLC
476 DLLC INA AGT 302177-98 CUR POLK MTN. DEVELOPMENT, LLC
477 DLLC INA AGT 220867-97 CUR PONDEROSA POINT PROPERTIES, LLC
478 DLLC INA AGT 366536-99 CUR PORTUGAL MTN. DEVELOPMENT, LLC
479 DLLC ACT AGT 439608-97 CUR POWELL PEAK DEVELOPMENT, LLC
480 DLLC INA AGT 439603-92 CUR PRESCOTT PEAK DEVELOPMENT, LLC
481 DLLC INA AGT 374108-91 CUR PRESTON MTN. DEVELOPMENT, LLC
482 DLLC INA AGT 390345-90 CUR PRINCETON MTN. DEVELOPMENT, LLC
483 DLLC INA AGT 374116-91 CUR PROGRESS MTN. DEVELOPMENT, LLC
484 DLLC INA AGT 448058-93 CUR PROSPECT PEAK DEVELOPMENT, LLC
485 DLLC INA AGT 312565-97 CUR PYRAMID MTN. DEVELOPMENT, LLC
486 DLLC ACT AGT 401732-96 CUR QUINN MTN. DEVELOPMENT, LLC
487 DLLC INA AGT 401785-92 CUR RAINY MTN. DEVELOPMENT, LLC
488 DLLC ACT AGT 517450-90 CUR REAGAN CREEK DEVELOPMENT, LLC
489 DLLC INA AGT 302179-96 CUR REAGAN MTN. DEVELOPMENT, LLC
490 DBC INA SEC 596811-80 CUR RED MTN. DEVELOPMENT CO., INC.
491 DLLC ACT AGT 391379-97 CUR REDCLOUD MTN DEVELOPMENT, LLC
492 DLLC INA AGT 420783-94 CUR REDONDO MTN. DEVELOPMENT, LLC
493 DLLC INA AGT 420790-95 CUR REEDS MTN. DEVELOPMENT, LLC
494 DLLC ACT AGT 479456-96 CUR REGAL CREEK DEVELOPMENT, LLC
495 DLLC ACT AGT 497324-98 CUR REILLY BUTTE DEVELOPMENT, LLC
496 DLLC INA AGT 420795-90 CUR REILLY MTN. DEVELOPMENT, LLC
497 DLLC ACT AGT 335134-90 CUR RESPECT MTN. DEVELOPMENT, LLC
498 DLLC INA AGT 439610-93 CUR RICH PEAK DEVELOPMENT, LLC
499 DLLC INA AGT 374118-99 CUR RIDDLE MTN. DEVELOPMENT, LLC
500 DLLC ACT AGT 338663-93 CUR RILEY COYOTE, LLC
501 DLLC ACT MEM 338663-93 CUR RILEY COYOTE, LLC
502 DLLC ACT AGT 479462-98 CUR ROBINSON CREEK DEVELOPMENT, LLC
503 DLLC INA AGT 448061-98 CUR ROCHESTER PEAK DEVELOPMENT, LLC
504 DLLC INA AGT 428800-96 CUR ROGERS PEAK DEVELOPMENT, LLC
505 DLLC ACT AGT 517476-90 CUR ROGUE CREEK DEVELOPMENT, LLC
506 DLLC INA AGT 366534-91 CUR ROMANIA MTN. DEVELOPMENT, LLC
507 DLLC ACT AGT 517439-96 CUR ROOSEVELT CREEK DEVELOPMENT, LLC
508 DLLC INA AGT 302180-93 CUR ROOSEVELT MTN. DEVELOPMENT, LLC
509 DLLC INA AGT 285123-90 CUR ROUNDABOUT PICTURES, LLC
510 DLLC ACT AGT 384712-98 CUR ROUSSE MTN. DEVELOPMENT, LLC
511 DLLC INA AGT 312566-96 CUR RUBY MTN. DEVELOPMENT, LLC
512 DLLC ACT AGT 439612-91 CUR RUSSELL PEAK DEVELOPMENT, LLC
513 DLLC ACT AGT 479539-97 CUR RUSTIC CREEK DEVELOPMENT, LLC
514 DLLC INA AGT 196887-95 CUR S & N INDUSTRIES, LLC
515 DLLC INA AGT 218954-95 CUR S&R EQUIPMENT RENTALS, LLC
516 DLLC INA MAL 218954-95 CUR S&R EQUIPMENT RENTALS, LLC
517 DLLC INA AGT 448173-93 CUR SABLE PEAK DEVELOPMENT, LLC
518 DLLC INA AGT 374120-95 CUR SAGLE MTN. DEVELOPMENT, LLC
519 DLLC INA AGT 420799-96 CUR SALINAS MTN. DEVELOPMENT, LLC
520 DLLC ACT AGT 479467-93 CUR SALISBURY CREEK DEVELOPMENT, LLC
521 DLLC INA AGT 420802-91 CUR SALMON MTN. DEVELOPMENT, LLC
522 DLLC INA AGT 384715-95 CUR SALZBURG MTN. DEVELOPMENT, LLC
523 DLLC INA AGT 420805-98 CUR SAN ANTONIO PEAK DEVELOPMENT, LLC
524 DLLC INA AGT 439615-98 CUR SAND PEAK DEVELOPMENT, LLC
525 DLLC ACT AGT 312567-95 CUR SANDSTONE MTN. DEVELOPMENT, LLC
526 DLLC ACT AGT 510143-98 CUR SANDY CREEK DEVELOPMENT, LLC
527 DBC INA AGT 149459-92 CUR SANTIAM SURGICAL, INC.
528 DLLC INA AGT 314132-97 CUR SATURN MTN. DEVELOPMENT, LLC
529 DLLC INA AGT 384771-96 CUR SCHNELL MTN. DEVELOPMENT, LLC
530 DLLC INA AGT 366566-92 CUR SEATTLE MTN. DEVELOPMENT, LLC
531 DLLC INA AGT 314134-95 CUR SEMINOLE MTN. DEVELOPMENT, LLC
532 DLLC INA AGT 366574-92 CUR SENECA MTN. DEVELOPMENT, LLC
533 DLLC ACT AGT 479469-91 CUR SERGEANT CREEK DEVELOPMENT, LLC
534 DLLC INA AGT 448174-92 CUR SEYMOUR PEAK DEVELOPMENT, LLC
535 DLLC INA AGT 439618-95 CUR SHADES PEAK DEVELOPMENT, LLC
536 DLLC INA AGT 335139-95 CUR SHADOW MTN. DEVELOPMENT, LLC
537 DLLC INA AGT 401790-95 CUR SHAY PEAK DEVELOPMENT, LLC
538 DLLC ACT AGT 401800-93 CUR SHEETS PEAK DEVELOPMENT, LLC
539 DLLC ACT AGT 341214-91 CUR SHELLY PROPERTIES, LLC
540 DLLC INA AGT 439621-90 CUR SHORT PEAK DEVELOPMENT, LLC
541 DLLC INA AGT 335141-91 CUR SIENNA MTN. DEVELOPMENT, LLC
542 DLLC INA AGT 335129-97 CUR SIGMA MTN. DEVELPMENT, LLC
543 DLLC INA AGT 366575-91 CUR SILETZ MTN. DEVELOPMENT, LLC
544 DLLC INA AGT 335131-93 CUR SILVER MTN. DEVELOPMENT, LLC
545 DLLC ACT AGT 391383-91 CUR SILVERTIP PEAK DEVELOPMENT, LLC
546 DLLC INA AGT 089984-94 CUR SISSRE, LLC
547 DLLC ACT AGT 517365-94 CUR SISTERS CREEK DEVELOPMENT, LLC
548 DLLC ACT AGT 339816-97 CUR SISTERS MHP, LLC
549 DLLC INA AGT 178986-93 CUR SLEEP SOLUTIONS TECHNOLOGIES, LLC
550 DLLC INA AGT 384770-97 CUR SLIDE MTN. DEVELOPMENT, LLC
551 DLLC ACT AGT 528291-90 CUR SMART CREEK DEVELOPMENT, LLC
552 DLLC INA AGT 439624-97 CUR SMART PEAK DEVELOPMENT, LLC
553 DLLC INA AGT 119122-92 CUR SMITH FOSTER CARE, LLC
554 DLLC INA AGT 302181-92 CUR SMOKEY MTN. DEVELOPMENT, LLC
555 DLLC INA AGT 439628-93 CUR SNOWBIRD PEAK DEVELOPMENT, LLC
556 DLLC INA AGT 366530-95 CUR SOMOA MTN. DEVELOPMENT, LLC
557 DLLC INA AGT 448176-90 CUR SPENCER PEAK DEVELOPMENT, LLC
558 DLLC INA AGT 225705-92 CUR SPILLMAN PROPERTIES, LLC
559 DLLC INA AGT 439632-97 CUR SPIRIT PEAK DEVELOPMENT, LLC
560 DLLC INA AGT 366584-90 CUR SPOKANE MTN. DEVELOPMENT, LLC
561 DLLC INA AGT 366589-95 CUR SPRAY MTN. DEVELOPMENT, LLC
562 DLLC INA AGT 428801-95 CUR SPRUCE MTN. DEVELOPMENT, LLC
563 DLLC INA AGT 448177-99 CUR STANDARD PEAK DEVELOPMENT, LLC
564 DLLC INA AGT 448180-94 CUR STARK PEAK DEVELOPMENT, LLC
565 DLLC INA AGT 401812-99 CUR STEAMBOAT PEAK DEVELOPMENT, LLC
566 DLLC INA AGT 384710-90 CUR STEEL MTN. DEVELOPMENT, LLC
567 DLLC INA AGT 384702-90 CUR STEIN MTN. DEVELOPMENT, LLC
568 DLLC INA AGT 302183-90 CUR STONE MTN. DEVELOPMENT, LLC
569 DLLC INA AGT 448181-93 CUR STRATTON PEAK DEVELOPMENT, LLC
570 DLLC INA AGT 314137-92 CUR STRATUS MTN. DEVELOPMENT, LLC
571 DBC INA AGT 023683-97 CUR STUART SHIPPING & CONSULTING, INC.
572 DLLC INA AGT 366592-90 CUR SUDAN MTN. DEVELOPMENT, LLC
573 DLLC ACT AGT 479485-91 CUR SUGAR CREEK DEVELOPMENT, LLC
574 ABN ACT REP 378875-93 CUR SUMMIT 1031 EXCHANGE
575 DLLC ACT AGT 305277-90 CUR SUMMIT ACCOMMODATORS PORTLAND, LLC
576 DLLC ACT AGT 528216-92 CUR SUMMIT CREEK DEVELOPMENT, LLC
577 DLLC INA AGT 177657-93 CUR SUMMIT PARK, LLC
578 DLLC INA AGT 366597-95 CUR SUMNER MTN. DEVELOPMENT, LLC
579 DLLC ACT AGT 479492-92 CUR SUN CREEK DEVELOPMENT, LLC
580 DLLC ACT AGT 391385-99 CUR SUNLIGHT MTN PEAK DEVELOPMENT, LLC
581 DLLC INA AGT 366599-93 CUR SYDNEY MTN. DEVELOPMENT, LLC
582 DLLC INA AGT 391392-90 CUR TABLE PEAK DEVELOPMENT, LLC
583 DLLC ACT AGT 510140-91 CUR TAFT CREEK DEVELOPMENT, LLC
584 DLLC INA AGT 314143-94 CUR TAFT MTN. DEVELOPMENT, LLC
585 DLLC ACT AGT 528290-91 CUR TAHOE CREEK DEVELOPMENT, LLC
586 DLLC INA AGT 314144-93 CUR TAHOE MTN. DEVELOPMENT, LLC
587 DLLC INA AGT 451770-94 CUR TALCOTT PEAK DEVELOPMENT, LLC
588 DLLC INA AGT 314145-92 CUR TALISMAN MTN. DEVELOPMENT, LLC
589 DLLC INA AGT 314146-91 CUR TANZANITE MTN. DEVELOPMENT, LLC
590 DLLC INA AGT 314150-94 CUR TARRAGON MTN. DEVELOPMENT, LLC
591 DLLC INA AGT 314151-93 CUR TAYLOR MTN. DEVELOPMENT, LLC
592 DLLC INA AGT 401818-93 CUR TEMPLE PEAK DEVELOPMENT, LLC
593 ABN INA REP 285111-94 CUR THE BLACKSMITH CATERING
594 DNP ACT AGT 131350-90 CUR THE CAUSE, INC.
595 DBC INA AGT 032852-93 CUR THE DANA GROUP INC.
596 ABN INA REP 151617-97 CUR THE EDUCATION FOUNDATION FOR THE BEND-LAPINE PUBLIC SCHOOLS
597 ABN INA REP 251673-96 CUR THE EDUCATION FOUNDATION FOR THE BEND-LAPINE SCHOOL DISTRICT
598 DBC INA AGT 099855-99 CUR THE PALACE CREAMERY, INC.
599 DBC INA AGT 071682-97 CUR THE REGULAR, INC.
600 DLLC INA AGT 141662-92 CUR THE RIVER RUN BUILDING, LLC
601 DLLC INA AGT 335143-99 CUR THISTLE MTN. DEVELOPMENT, LLC
602 DLLC INA AGT 439639-90 CUR THREAD PEAK DEVELOPMENT, LLC
603 DLLC ACT AGT 401834-93 CUR THUNDER PEAK DEVELOPMENT, LLC
604 DLLC INA AGT 314153-91 CUR THUNDERBIRD MTN. DEVELOPMENT, LLC
605 DLLC INA AGT 255517-97 CUR TIMBER RECOVERY COMPANY, LLC
606 DLLC INA AGT 391308-93 CUR TIPTON MTN. DEVELOPMENT, LLC
607 DLLC INA AGT 335145-97 CUR TITAN MTN. DEVELOPMENT, LLC
608 DBC ACT MAL 054947-94 CUR TOM RYBA PLUMBING, INC.
609 DLLC INA AGT 366604-96 CUR TONGA MTN. DEVELOPMENT, LLC
610 DLLC INA AGT 314154-90 CUR TOPAZ MTN. DEVELOPMENT, LLC
611 DLLC ACT AGT 479504-98 CUR TORBERT CREEK DEVELOPMENT, LLC
612 DLLC INA AGT 401842-93 CUR TRACY PEAK DEVELOPMENT, LLC
613 DLLC INA AGT 366626-90 CUR TRAIL MTN. DEVELOPMENT, LLC
614 DLLC ACT AGT 341270-92 CUR TRAVIS RANCH, LLC
615 DLLC INA AGT 448182-92 CUR TRIUMPH PEAK DEVELOPMENT, LLC
616 DLLC ACT AGT 335147-95 CUR TROJAN MTN. DEVELOPMENT, LLC
617 DLLC ACT AGT 528264-93 CUR TRUMAN CREEK DEVELOPMENT, LLC
618 DLLC INA AGT 314156-98 CUR TRUMAN MTN. DEVELOPMENT, LLC
619 DLLC ACT AGT 391312-97 CUR TRUMBULL MTN DEVELOPMENT, LLC
620 DLLC INA AGT 314157-97 CUR TULE MTN. DEVELOPMENT, LLC
621 DLLC INA AGT 299249-90 CUR TUMALO MTN. DEVELOPMENT, LLC
622 DLLC INA AGT 366627-99 CUR TURNER MTN. DEVELOPMENT, LLC
623 DLLC INA AGT 314158-96 CUR TURQUOISE MTN. DEVELOPMENT, LLC
624 DLLC INA AGT 391397-95 CUR TURRET MTN DEVELOPMENT, LLC
625 DLLC INA AGT 428803-93 CUR TWELVE MILE PEAK DEVELOPMENT, LLC
626 DLLC INA AGT 314159-95 CUR TYLER MTN. DEVELOPMENT, LLC
627 DLLC INA AGT 335150-99 CUR UMBER MTN. DEVELOPMENT, LLC
628 DLLC INA AGT 366630-94 CUR UNION MTN. DEVELOPMENT, LLC
629 DLLC INA AGT 366633-91 CUR VALE MTN. DEVELOPMENT, LLC
630 DLLC INA AGT 366653-96 CUR VENETA MTN. DEVELOPMENT, LLC
631 DLLC ACT AGT 428805-91 CUR VICTORIA MTN. DEVELOPMENT, LLC
632 DLLC INA AGT 366654-95 CUR VIDA MTN. DEVELOPMENT, LLC
633 DLLC INA AGT 335151-98 CUR VIKING MTN. DEVELOPMENT, LLC
634 DLLC INA AGT 314161-91 CUR VIPER MTN. DEVELOPMENT, LLC
635 DLLC INA AGT 188523-92 CUR VISITOR'S CHOICE HOLDINGS, LLC
636 DLLC INA AGT 188525-90 CUR VISITOR'S CHOICE OF JACKSON HOLE, LLC
637 DLLC INA AGT 188521-94 CUR VISITOR'S CHOICE OF PORTLAND, LLC
638 DLLC INA AGT 188524-91 CUR VISITOR'S CHOICE OF SEATTLE, LLC
639 DPC ACT AGT 079458-92 CUR VITAL LINK, P.C.
640 DLLC ACT AGT 528245-97 CUR WALLACE CREEK DEVELOPMENT, LLC
641 DLLC INA AGT 374123-92 CUR WALLACE MTN. DEVELOPMENT, LLC
642 DLLC INA AGT 366658-91 CUR WALTON MTN. DEVELOPMENT, LLC
643 DLLC INA AGT 366667-90 CUR WAPATO MTN. DEVELOPMENT, LLC
644 DLLC INA AGT 401846-99 CUR WARREN MTN. DEVELOPMENT, LLC
645 DLLC ACT AGT 517368-91 CUR WASHINGTON CREEK DEVELOPMENT, LLC
646 DLLC INA AGT 314162-90 CUR WASHNGTON MTN. DEVELOPMENT, LLC
647 DLLC INA AGT 314163-99 CUR WATERCRESS MTN. DEVELOPMENT, LLC
648 DLLC INA AGT 366669-98 CUR WELCHES MTN. DEVELOPMENT, LLC
649 DLLC INA AGT 374125-90 CUR WENDELL MTN. DEVELOPMENT, LLC
650 DLLC ACT AGT 479531-95 CUR WEST CREEK DEVELOPMENT, LLC
651 DLLC INA AGT 439646-91 CUR WESTERN HILLS PEAK DEVELOPMENT, LLC
652 DLLC INA AGT 401849-96 CUR WHETSTONE MTN. DEVELOPMENT, LLC
653 DLLC INA AGT 401853-99 CUR WHISKEY PEAK DEVELOPMENT, LLC
654 DLLC ACT AGT 517478-98 CUR WHITE CREEK DEVELOPMENT, LLC
655 DLLC INA AGT 439649-98 CUR WHITE OAK PEAK DEVELOPMENT, LLC
656 DLLC INA AGT 439653-91 CUR WICHITA PEAK DEVELOPMENT, LLC
657 DBC ACT AGT 257192-95 CUR WILD HEART CYCLING, INC.
658 DLLC ACT AGT 448184-90 CUR WILLIAMS PEAK DEVELOPMENT, LLC
659 DLLC INA AGT 391398-94 CUR WILLOW PEAK DEVELOPMENT, LLC
660 DLLC ACT AGT 314164-98 CUR WILSON MTN. DEVELOPMENT, LLC
661 DLLC ACT AGT 401855-97 CUR WINDOW MTN. DEVELOPMENT, LLC
662 DLLC ACT AGT 401867-93 CUR WINDY PEAK DEVELOPMENT, LLC
663 DLLC ACT AGT 439655-99 CUR WINTER PEAK DEVELOPMENT, LLC
664 DLLC ACT AGT 479535-91 CUR WITHERSPOON CREEK DEVELOPMENT, LLC
665 DLLC INA AGT 401871-97 CUR WOLVERINE MTN. DEVELOPMENT, LLC
666 DLLC INA AGT 374127-98 CUR WORLEY MTN. DEVELOPMENT, LLC
667 DLLC INA AGT 366672-93 CUR YACHATS MTN. DEVELOPMENT, LLC
668 DLLC ACT AGT 391322-95 CUR YALE PEAK DEVELOPMENT, LLC
669 DLLC INA AGT 439659-95 CUR YATES PEAK DEVELOPMENT, LLC
670 DLLC ACT AGT 479538-98 CUR YENLO CREEK DEVELOPMENT, LLC
671 DLLC INA AGT 439664-98 CUR ZION PEAK DEVELOPMENT, LLC

Duncan McGeary said...

Pegasus Books.

Owned by Duncan McGeary.

I guess I go down with the ship.

Such a simpleton.

Anonymous said...

www.city-data.com/elec2/08/elec-BEND-OR-08.html+lane+lyons+oregon+bend+patricia+moss&hl=en&ct=clnk&cd=1&gl=us

Mr. Lane D. Lyons (Summit 1031
Exchange Owner Also), (Zip code: 97702) $300 to NATIONAL REPUBLICAN CONGRESSIONAL COMMITTEE on 10/02/07

Patricia Moss (MDU Resources/Director), (Zip code: 97701) $1000 to MDU RESOURCES GROUP GOOD GOVERNMENT FUND on 01/02/08

Interesting that Moss gives $1k to KNIFE-RIVER 'good government fund' I mean what the fuck????

Anonymous said...

Pegasus Books.

*

Der Fuhr

Anonymous said...

I said before, the plot is far from over, go to Des. Co. Dial, then take a look at these names;

Emmett Ranch
Ashley Ranch

Both Summit AKA's

Anonymous said...

This town is run by Pug scammers...every last one of them. Pugs scamming pugs. Just like Madoff scammed his fellow Jews.

All of jeebus's children fuckin each other in the ass for a dollar. Jeebus must be proud. I bet every one of the Summit 1031 partners think of themselves as a good follower of jeebus. Thou shalt not what?

Next time your government starts labeling people as conservatives and liberals, stop for a minute and think for yourself. Stop listening to the kooks on the radio and think for yourself stupid. American's are so fuckin lazy they can't think for themselves. Why work hard when you can steal it....Yar, you look like you could use a 1031 exchange matey.

Summit knew they were in trouble several months ago...they were pounding the pavement looking for more 1031's prior to closing their Redmond office. They had foot soldiers out looking for the next sucker.

Anonymous said...

EMMETT RANCH LLC
PO BOX 1830
BEND OR 97709

POTENTIAL ADDITIONAL TAX LIABILITY
Type: EXCLUSIVE FARM USE POTENTIAL ADDITIONAL TAX
LIABILITY

Assessor Property Description
Lot: Block:
Spec. Int.: M1

Prop Cls:550 MA:2 VA:20 NH 000 Vol-Page: 2004-78007
Asmt Zone:EFU CDD Zone:FP (FLOOD PLAIN)
" :WA (WILDLIFE AREA COMBINING ZONE)
" :EFULB (EXCLUSIVE FARM USE - LOWER BRIDGE SUBZONE)

*** Land Values ***
Asmt type Acres R.M.V.
W3 EXCLUSIVE FARM USE ZONED 3.00 17,800 DEFERRED
D7 EXCLUSIVE FARM USE ZONED 10.75 17,020 DEFERRED
*Total 13.75 34,820




***** Values shown below are as of the Assessment Date, January 1 of each year *****



*** --------2008-------- --------2007-------- ---------2006--------
Total Taxable Total Taxable Total Taxable
RMV A.V. RMV A.V. RMV A.V.
LND: 34,820 911 34,820 911 34,820 911
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -


SALES: --- 1 --- --- 2 --- --- 3 --- --- 4 --- --- 5 ---
Date
Sale $ 485000* 0* 135000* 0* 135000*
Cndtn 22 08 12 14 36
Class 550 550 550 550 542
Inst # 2004-78007* 2003-38425* 2002-44827* 1998-48316511985-1011340
OthPcl 124750 124750 124750 124750 124750
124751 124751 124751 124751 124751
124765 124765 124786 124765 124765
124786 124786 124787 124786 124786
124787 124787 124787 124787
164915
164916
164917

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Sales Detail Information

-------------------------------------------------------------------------------

Vol Page 2004-78007 Sales Date 12/27/04 Adjusted Sales Price $485,000

Sales Code 22 SPECIALLY ASSESSED

Grantor: Grantee:

KAVANAGH,GERALDINE W TRUSTEE EMMETT RANCH LLC
70413 MCKENZIE CANYON RD
TERREBONNE OR 97760 BEND OR 97709

****** Multiple Accounts on this Sale ******

***
Site Address: 70413 MCKENZIE CANYON RD TERREBONNE 97760

Acct 124750 Map/TL: R 2-003 141113 00 00800
MA: 2 VA: 20 Class: 551


***
Site Address: 70421 MCKENZIE CANYON RD TERREBONNE 97760

Acct 124751 Map/TL: R 2-003 141113 00 00700
MA: 2 VA: 20 Class: 550


***
Site Address: 70355 MCKENZIE CANYON RD TERREBONNE 97760

Acct 124765 Map/TL: R 2-003 141123 00 00100
MA: 6 VA: 14 Class: 550


***

Acct 124785 Map/TL: R 2-003 141124 00 00500
MA: 2 VA: 20 Class: 550


***
Site Address: 70395 MCKENZIE CANYON RD TERREBONNE 97760

Acct 124786 Map/TL: R 2-003 141124 00 00400
MA: 2 VA: 20 Class: 550


***
Site Address: 70420 MCKENZIE CANYON RD TERREBONNE 97760

Acct 124787 Map/TL: R 2-003 141124 00 00300
MA: 2 VA: 20 Class: 550

-------------------------------------------------------------------------------

Vol Page 2003-38425 Sales Date 05/22/03 Adjusted Sales Price $0

Sales Code 08 GRANTEE/GRANTOR ARE THE SAME

Grantor: Grantee:

KAVANAGH,GERALDINE W KAVANAGH,GERALDINE W TRUSTEE
70413 MCKENZIE CANYON RD 70413 MCKENZIE CANYON RD
TERREBONNE OR 97760 TERREBONNE OR 97760

****** Multiple Accounts on this Sale ******

***
Site Address: 70413 MCKENZIE CANYON RD TERREBONNE 97760

Acct 124750 Map/TL: R 2-003 141113 00 00800
MA: 2 VA: 20 Class: 551


***
Site Address: 70421 MCKENZIE CANYON RD TERREBONNE 97760

Acct 124751 Map/TL: R 2-003 141113 00 00700
MA: 2 VA: 20 Class: 550


***
Site Address: 70355 MCKENZIE CANYON RD TERREBONNE 97760

Acct 124765 Map/TL: R 2-003 141123 00 00100
MA: 6 VA: 14 Class: 550


***

Acct 124785 Map/TL: R 2-003 141124 00 00500
MA: 2 VA: 20 Class: 550


***
Site Address: 70395 MCKENZIE CANYON RD TERREBONNE 97760

Acct 124786 Map/TL: R 2-003 141124 00 00400
MA: 2 VA: 20 Class: 550


***
Site Address: 70420 MCKENZIE CANYON RD TERREBONNE 97760

Acct 124787 Map/TL: R 2-003 141124 00 00300
MA: 2 VA: 20 Class: 550

-------------------------------------------------------------------------------

Vol Page 2002-44827 Sales Date 08/07/02 Adjusted Sales Price $135,000

Sales Code 12 DEED RESULTING FROM CONTRACT BEING PAID

Grantor: Grantee:

DIRECTOR OF VETERANS AFFAIRS KAVANAGH,GERALDINE W
70413 MCKENZIE CANYON RD 70413 MCKENZIE CANYON RD
TERREBONNE OR 97760 TERREBONNE OR 97760

****** Multiple Accounts on this Sale ******

***
Site Address: 70413 MCKENZIE CANYON RD TERREBONNE 97760

Acct 124750 Map/TL: R 2-003 141113 00 00800
MA: 2 VA: 20 Class: 551


***
Site Address: 70421 MCKENZIE CANYON RD TERREBONNE 97760

Acct 124751 Map/TL: R 2-003 141113 00 00700
MA: 2 VA: 20 Class: 550


***

Acct 124785 Map/TL: R 2-003 141124 00 00500
MA: 2 VA: 20 Class: 550


***
Site Address: 70395 MCKENZIE CANYON RD TERREBONNE 97760

Acct 124786 Map/TL: R 2-003 141124 00 00400
MA: 2 VA: 20 Class: 550


***
Site Address: 70420 MCKENZIE CANYON RD TERREBONNE 97760

Acct 124787 Map/TL: R 2-003 141124 00 00300
MA: 2 VA: 20 Class: 550

-------------------------------------------------------------------------------

Vol Page 1998-4831651 Sales Date 02/06/98 Adjusted Sales Price $0

Sales Code 14 CONSIDERATION UNDER $500 OR OTHER

Grantor: Grantee:

DIRECTOR OF VETERANS AFFAIRS KAVANAGH,GERALDINE W
70413 MCKENZIE CANYON RD 70413 MCKENZIE CANYON RD
TERREBONNE OR 97760 TERREBONNE OR 97760

Anonymous said...

ASHLEY RANCH LLC
1567 SW CHANDLER STE 101
BEND OR 97702

Site Address: 15775 DAWN RD LA PINE 97739

Assessor Property Description
Lot: Block:

Prop Cls:490 MA:4 VA:04 NH 000 Vol-Page: 2006-44391
Asmt Zone:RR10 CDD Zone:WA (WILDLIFE AREA COMBINING ZONE)
" :RR10 (RURAL RESIDENTIAL - 10 ACRES MINIMUM)

*** Land Values ***
Asmt type Acres R.M.V.
RURAL TRACT 39.59 878,230

*** Special Assessments Code Amount Acres
DEPT OF FORESTRY FIRE 1 72.08 39.59




***** Values shown below are as of the Assessment Date, January 1 of each year *****



*** --------2008-------- --------2007-------- ---------2006--------
Total Taxable Total Taxable Total Taxable
RMV A.V. RMV A.V. RMV A.V.
LND: 878,230 77,260 878,230 75,010 519,660 72,830
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -


SALES: --- 1 --- --- 2 --- --- 3 --- --- 4 ---
Date 06-26-06 06-26-06 05-30-06 02-27-95
Sale $ 0 0 350000 60000
Cndtn 07 06 27 33
Class 490 490 490 490
Inst # 2006-44391 2006-44390 2006-37369 1995-3670529
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Sales Detail Information

-------------------------------------------------------------------------------

Vol Page 2006-44391 Sales Date 06/26/06 Adjusted Sales Price $0

Sales Code 07 INTEREST TRANSFERRED IS PARTIAL OR UNDIVIDED

Grantor: Grantee:

SHORT JOHN & ASHLEY RANCH LLC ASHLEY RANCH LLC
1567 SW CHANDLER STE 101
BEND OR 97709 BEND OR 97702

***
Site Address: 15775 DAWN RD LA PINE 97739

Acct 139609 Map/TL: R 1-081 211021 C0 00100
MA: 4 VA: 04 Class: 490

-------------------------------------------------------------------------------

Vol Page 2006-44390 Sales Date 06/26/06 Adjusted Sales Price $0

Sales Code 06 GRANTEE IS RELATED OR BUSINESS ASSOCIATES

Grantor: Grantee:

JOHN DAY RIVER DEVELOPMENT LLC SHORT JOHN & ASHLEY RANCH LLC

BEND OR 97709 BEND OR 97709

***
Site Address: 15775 DAWN RD LA PINE 97739

Acct 139609 Map/TL: R 1-081 211021 C0 00100
MA: 4 VA: 04 Class: 490

-------------------------------------------------------------------------------

Vol Page 2006-37369 Sales Date 05/30/06 Adjusted Sales Price $350,000

Sales Code 27 TRANSACTION MUST BE CONFIRMED

Grantor: Grantee:

THARP,LEE JOHN DAY RIVER DEVELOPMENT LLC
3965 BURLWOOD ST
EUGENE OR 97404 BEND OR 97709

***
Site Address: 15775 DAWN RD LA PINE 97739

Acct 139609 Map/TL: R 1-081 211021 C0 00100
MA: 4 VA: 04 Class: 490

-------------------------------------------------------------------------------

Vol Page 1995-3670529 Sales Date 02/27/95 Adjusted Sales Price $60,000

Sales Code 33 CONFIRMED SALE

Grantor: Grantee:

LEWIS JOE L THARP,LEE
34161 COUNTRY VIEW DR 1212 M ST
EUGENE OR 97401 SPRINGFIELD OR 97477

***
Site Address: 15775 DAWN RD LA PINE 97739

Acct 139609 Map/TL: R 1-081 211021 C0 00100
MA: 4 VA: 04 Class: 490

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

R 1081 211021-C0-00100 139609 Prop Class 490 Value Area 04
Maint Area 4 Neighborhood 000
Asmt Zone RR10
ASHLEY RANCH LLC
1567 SW CHANDLER STE 101 15775 DAWN RD
BEND, OR 97702

Duncan McGeary said...

671 DLLC's.

Seriously, why would one do that to oneself?

Oh, yeah. The money.

Still....

"Oh, my God. I forgot I owned that! # 541. What a piece of crap!

"Arghhh..... my heart! I'm coming, Elizabeth! I'm coming!"

Anonymous said...

BINGO ... JOHN SHORT Goes to Deschutes IRRIGATION ... Ashley Ranch.

Bad Checks for a HOMER.

1 ABN INA REG 660015-88 CUR BAD CHECKS
2 DNP INA AGT 117440-83 CUR CHILDREN'S CHALLENGE, INC.
3 ABN INA REP 167853-96 CUR DESCHUTES IRRIGATION
4 DLLC ACT MGR 213699-96 CUR DESCHUTES IRRIGATION, LLC
5 DLLC ACT AGT 213699-96 CUR DESCHUTES IRRIGATION, LLC
6 DLLC ACT AGT 502377-92 CUR DESCHUTES MOBILE HOME PARK, LLC
7 DLLC ACT MAL 396183-84 CUR DLS SERVICES LLC
8 ABN INA REG 303946-96 CUR EAGLE SUMMIT
9 ABN INA REP 303946-96 CUR EAGLE SUMMIT
10 DLLC ACT MEM 182958-99 CUR EMMETT RANCH, LLC
11 DLLC ACT MEM 285979-95 CUR HOPE RANCH PROPERTIES, LLC
12 FBC INA SEC 020526-29 CUR JDJ DEVELOPMENT, INC.
13 DBC INA SEC 049368-94 CUR LEWIS & SHORT, INC.
14 FBC ACT SEC 433735-96 CUR LOTSOLUTIONS, INC.
15 ABN INA REP 441737-89 CUR M-F REAL ESTATE
16 ABN INA REG 441737-89 CUR M-F REAL ESTATE
17 DLLC ACT MGR 224740-92 CUR MANZANITA MARKETING GROUP, LLC
18 DLLC ACT AGT 224740-92 CUR MANZANITA MARKETING GROUP, LLC
19 FBC ACT PRE 056545-95 CUR REHABCARE GROUP EAST, INC.
20 FBC ACT PRE 618599-80 CUR REHABCARE GROUP MANAGEMENT SERVICES, INC.
21 FBC ACT PRE 126096-81 CUR REHABCARE GROUP, INC.
22 DBC INA PRE 667092-89 CUR S & S EQUIPMENT LEASING, INC.
23 DBC INA PRE 667088-85 CUR S & S VEHICLE LEASING, INC.
24 ABN ACT REP 305283-92 CUR SHORT 5 EXCAVATION
25 ABN ACT REG 305283-92 CUR SHORT 5 EXCAVATION
26 ABN INA REP 058834-91 CUR SHORT CONSTRUCTION
27 ABN INA REG 058834-91 CUR SHORT CONSTRUCTION
28 DBC INA AGT 261777-82 CUR SHORT PROPERTIES, INC.
29 DBC INA SEC 261777-82 CUR SHORT PROPERTIES, INC.
30 DBC INA PRE 261777-82 CUR SHORT PROPERTIES, INC.
31 DBC INA SEC 660685-87 CUR SISTERS ACT III, INC.
32 DLLC INA AGT 285983-99 CUR WHISPERING MEADOWS, LLC
33 DLLC INA MEM 285983-99 CUR WHISPERING MEADOWS, LLC

Anonymous said...

It appears that the 1031 money from Inland Capital was used to buy water rights for "Deschutes Irrigation".

The theory is that CALIF wants the Deschutes River.

I thought this was all quite funny, but it now appears that they very well may have purchased the majority of the water rights north and south of Bend with 1031 money.

Stewart Resnick ( JR-1031 Suterra owner lives in LA ) the owner of Juniper Ridge must be quite pleased with the way things are going.

Quimby said...

Buster, did you get a lump of coal in your stocking this year? You HAVE been a bad boy this year with all your Monday night drinking escapades!

Anonymous said...

Merry Christmas everyone! I am a CPA living in Bend. The minimum thing that needs to be done is to report these Summit 1031 pricks to the Oregon Bar and Oregon State Board of Accountancy. I know that both CPAs and attorneys need to act in an ethical manner. These dicks need to at least lose their licenses to practice in Oregon. If someone will tell me the names of the CPA principals I would be more than happy to report them tomorrow. One of my college buddies runs the Board of Accountancy. These fucking pricks make hard working CPA like me look like assholes.

Bewert said...

Look at this cached About page:

http://209.85.173.132/search?q=cache:9thtvwckowoJ:www.summit1031exchange.com/About/OurStaff/CorporateStaff/199289.aspx+site:www.summit1031exchange.com+summit+1031+about+bend&hl=en&ct=clnk&cd=1&gl=us&client=firefox-a

The two founders are CPAs, Mark Neuman and Brian Stevens. Several more individuals, a lawyer and at least two more CPAs, are listed on the About page. It's been removed, but the Google cache version is linked above.

Anonymous said...

Several more individuals, a lawyer and at least two more CPAs, are listed on the About page. It's been removed, but the Google cache version is linked above.

###

So why didn't you paste the information? Forest Bruce?

Anonymous said...

Hey if we had a real man here he would file a complaint to the bar & accountancy, and then we could all live happily ever after. Yeh, Right.

An honest lawyer in the house? An honest CPA in the house I think I want to puke.

Anonymous said...

Corporate Staff
Home > About > Summit Team > Corporate (Bend, OR)
1567 SW Chandler
Suite 101
Bend, Oregon 97702

1-541-389-8466
1-800-909-1031

Mark Neuman - CPA, Founding Partner
mark@summit1031.com

Read More...


Brian Stevens - CPA, Founding Partner
brian@summit1031.com

Read More...

Tim Larkin, CES® - President
tlarkin@summit1031.com

Read More...


Lane Lyons, J.D., L.L.M. - Director of Legal and Tax Policy
llyons@summit1031.com

Read More...

Kyle Cummings, CPA - Chief Financial Officer
kcummings@summit1031.com

Read More...


Greg Fowler - CPA, CFP - Director of Marketing/ Branch Operations
gfowler@summit1031.com

Read More...

Accounting
Whitney Selover Bookkeeper 541-617-5439
Exchange Managers
Mary Huffman
Exchange Manager / Branch 541-617-5418
Susan Perez, CES®
Exchange Manager / Branch
541-617-5417

Anonymous said...

An Honest CPA in BEND-ORYGUN???

Has the pussy gone mad?

Don't fucking 'click' on the pussy's cache, as that logged IP would go to Summit Team legal, which is probably what simple-bruce wants.

It's ok to read google cache.

Anonymous said...

First of all, nobody broke the fucking law.

It's the law that's broke, because the CPA's & Lawyers wrote the fucking law.

All the 1031 crooks to date have got off free, and walked with the money.

Anybody that thinks the outcome of BEND-1031 will be different than prior history is a fucking idiot.

Why risk jail doing petty crime, ... bank-robbery, ... common theft, when you can become a lawyer or cpa and steal legally with the systems arms wrapped around you, at worst Summit-1031 will get bailed-out. At best an insurance company will pick up the losses and all 671 LLC's will be just fine.

Why worry?

Anonymous said...

As always bewert@gmail.com gets the credit for the post at portlandhousing.blogspot.com

Wednesday, December 24, 2008
Bend 1031 exchange goes banko

From the Oregonian:

A Bend firm specializing in tax-sheltered land deals has filed for bankruptcy after using millions of its customers' money to fund its owners' ventures, allegedly without permission.
The owners of Summit 1031 Exchange acknowledged publicly this week that they are $14.2 million short of the $27.8 million in cash owed to clients in at least eight states.
Summit's liquidity crisis stems from loans it made during the real estate boom to Inland Capital Corp., which in turn lent the money to various companies and individuals in central Oregon, the company said this week on its Web site.
The largely unregulated exchanges are tax-deferred as long as sellers quickly reinvest their proceeds in similar properties.
So-called "accommodators" such as Summit hold proceeds from a sale for up to 180 days while the customer closes on a second purchase. The accommodators make money on fees and interest earned off the proceeds.
Danae "Nye" Miller of Bend said they engaged Summit when they sold their 34-acre cattle farm near Bend to buy a much larger farm so they could raise beef organically. Summit now owes them $750,000.
"It's potentially devastating to us," said Miller, 50. "It's the first time we've ever done an exchange. I don't know how in our lifetime we could ever recoup that money."
Summit said it has replaced management with Portland turnaround consultant Tyrell Vance and will try to sell land and other assets to repay customers and creditors. But that process will take time, and it's unclear its assets will fetch enough to satisfy all its debts, the company warned.
Its customers hope otherwise.
"We're expecting to get our money back," Miller said. "We can only expect that's what's going to happen because that's our dream."


If you wonder how much of their clients money they illegally invested in the too hot to crash Bend real estate market. You can get a good idea from their website:

This situation resulted from loans of exchange funds made by SAI over a period of time ending in approximately the year 2006 to Inland Capital Corporation ("Inland"), which in turn loaned funds to various entities and individuals that were involved in real estate investments located primarily in central Oregon. Inland is owned by the same persons who own SAI.
The members of the entities and the individuals to whom Inland made loans are in most cases one or more of the owners of SAI.


So you loaned your clients money to yourself then purchased spec homes around town. Hat tip to Juniper Ridge Info for directing me to the story earlier in the week.

Anonymous said...

Hat tip to Juniper Ridge Info for directing me to the story earlier in the week. - clint@portlandhousing.blogspot.com

###

Gosh, if I hadn't updated my juniper-ridge-info.blogspot.com site with all this new information about Knife River and Patricia Moss @ CACB, nobody would have ever known.

Anonymous said...

I'm sure those 3rd position notes for 5 million dollars on their personal residence will work out.

###

Yes, indeed. Most of those $5M notes were for homes that were actually worth less than $1M at the time the property was used as collateral for the loan. So in todays market There should be no problem is returning over ten cents on the dollar to all the customers.

Everything will work out fine. It's xmas, it is the thought that counts. Only greedy people would ask for more, or the full amount.

Anonymous said...

Hey I have an idea. An MBA is like a baby CPA wrapped in a shit diaper.

So maybe we can get Homer ( an MBA ) to file the complain on the behalf of the 'bruce pussy'?

Certainly the Pussy has a stake in 1031, him being a renter and all that like Homer??

Bewert said...

I was headed out the door to go XC skiing...

Bewert said...

Hey, my sister-in-law is a CPA and a lawyer, and works for a Christian wealth management company. She wants to have me send them clients, but I don't go to church much...

Anonymous said...

Why can't they be sued for misappropriation of funds?

Anonymous said...

Hell yes, this is ameriKKKa, you can sue anybody for anything.

Anonymous said...

First of all there are no victims in Bend, its obvious that Summit-1031 was very careful not to piss in their own pool.

Anonymous said...

At CockSolid 1031, we recently received this e-mail:

"I wish I would have read your site before we placed funds with Summit 1031 Exchangers out of Bend, Oregon. They are now declaring Chapter 11 and we hope to get something back. Please spread the word about them."

This is not the first email we’ve received like this, but it speaks eloquently to why we started our company. We are experienced real estate investors (we own more than 2,000 million square feet of industrial real estate) and we’ve done many, many 1031 exchanges.

When we almost lost $600 million to an unscrupulous 1031 company, we did some research (which, admittedly, we should have done sooner) and found the 1031 world to be largely unregulated. And too many 1031 companies offer other services that can jeopardize the safety of 1031 exchange funds.

That’s why we started CockSolid 1031 — to do 1031 exchanges, and only 1031 exchanges. Nothing else. No conflicts.

More on Summit and Tenant-in-Common packages in my next post.

MrBruce said...

Hey, my mother-in-law is a CPA and a lawyer, and works for a Mormon wealth management company. She wants to have me send her clients, but I don't go to LDS church much... Trudi has told me if I don't shake some business out of the trees in Bend for her mom I'll be sleeping on the porch.

I need help.

MrBruce said...

My mother in law say's if you give your money to a crook, and perform no due diligence, then your fucked.

She's more than glad to sue, and will take your retainer. She mentioned that you'll lose in court and pay the defendants court costs, but honor is at stake here and not money.

Strictly confidential and personal.

bewert@gmail.com

Bewert said...

Great Christmas Day playing in the snow with Trudy. Hope you spent some quality time with those most important to you as well.

In the spirit:

This is old but still good advice
1. Avoid carrot sticks. Anyone who puts carrots on a holiday buffet table knows nothing of the Christmas spirit. In fact, if you see carrots, leave immediately. Go next door, where they're serving rum balls.

2. Drink as much eggnog as you can. And quickly. It's rare.. You cannot find it any other time of year but now. So drink up! Who cares that it has 10,000 calories in every sip? It's not as if you're going to turn into an eggnog-alcoholic or something. It's a treat. Enjoy it.. Have one for me. Have two. It's later than you think. It's Christmas!

3. if something comes with gravy, use it. That's the whole point of gravy. Gravy does not stand alone. Pour it on. Make a volcano out of your mashed potatoes. Fill it with gravy. Eat the volcano. Repeat.

4. as for mashed potatoes, always ask if they're made with skim milk or whole milk. If it's skim, pass. Why bother? It 's like buying a sports car with an automatic transmission.

5. Do not have a snack before going to a party in an effort to control your eating. The whole point of going to a Christmas party is to eat other people's food for free. Lots of it. Hello?

6. Under no circumstances should you exercise between now and New Year's. You can do that in January when you have nothing else to do. This is the time for long naps, which you'll need after circling the buffet table while carrying a 10-pound plate of food and that a vat of eggnog..

7. If you come across something really good at a buffet table, like frosted Christmas cookies in the shape and size of Santa, position yourself near them and don't budge. Have as many as you can before becoming the center of attention. They're like a beautiful pair of shoes. If you leave them behind, you're never going to see them again.

8. Same for pies. Apple, Pumpkin, Mincemeat. Have a slice of each. Or if you don't like mincemeat, have two apples and one pumpkin. Always have three. When else do you get to have more than one dessert? Labor Day?

9. Did someone mention fruitcake? Granted, it's loaded with the mandatory celebratory calories, but avoid it at all cost. I mean, have some standards!!

10. One final tip: If you don't feel terrible when you leave the party or get up from the table, you haven't been paying attention. Re-read tips; start over, but hurry, January is just around the corner. Remember this motto to live by:


"Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways, chocolate in one hand, body thoroughly used up, totally worn out and screaming "WOO HOO what a ride!"

Have a great holiday season and Merry Christmas! I love it!

IHateToBurstYourBubble said...

I think we have our next perpetual motion schemer:

Fueled by H2O?

A local inventor says he has figured out how to boost a car’s fuel efficiency by using water; experts say laws of physics are against him

By Andrew Moore / The Bulletin
Published: December 26. 2008 4:00AM PST

Bend businessman Rob Juliano claims it can, despite ample skepticism from scientists and automotive experts.

Although the average price of fuel has slipped dramatically from a summer high of more than $4 per gallon, Juliano believes water — specifically the hydrogen contained in water — can be used to power an internal-combustion engine at a fraction of the cost of gasoline.

Hydrogen is being pursued as a fuel by car manufacturers. Honda earlier this year debuted its FCX Clarity, a hydrogen fuel cell vehicle powered by an electric motor. BMW has developed a car that can use either gasoline or hydrogen to power a traditional motor.

Juliano, however, is peddling something a bit different. Through his company — UnitedH2O.com — the 1984 graduate of Bend’s Mountain View High School builds and installs electrolytic hydrogen generators. They are small, footlong canisters that use electricity from a car battery to break water into its gaseous components, hydrogen and oxygen.

The gases are then funneled into the engine, where — due to the combustive nature of hydrogen — it is used to help drive an engine’s pistons. The process means less gasoline is injected into the piston cylinders, hence the car can travel farther on less gas, thereby increasing the car’s fuel efficiency. In other words, Juliano says cars with his system get more miles per gallon.

Lincoln City resident Linda Young, who paid roughly $1,100 to have Juliano install the system, says her gas mileage has increased nearly 65 percent. Her Nissan Maxima used to get roughly 17 miles per gallon, but the last time she checked, it was getting 28 miles per gallon, she said.

“It sounds better, there’s more power — this old dog of a car has been brought to life after he put the hydrogen thing on, and we’re thrilled,” Young said.

She added that she’s so happy with Juliano’s product she’s preparing to have it installed on her family truck.

The skeptics

Wait one second, say some scientists.

Hydrogen can be used as a fuel, but to create it onboard a vehicle with electricity from a battery, which is charged by an alternator, which is turned by an engine, which is powered by gas, constitutes a perpetual motion machine, says Robert Paasch, the Boeing professor of mechanical design at Oregon State University’s School of Mechanical, Industrial and Manufacturing Engineering.

According to the first law of thermodynamics, which states energy can neither be created nor destroyed, the car as a perpetual motion machine is an impossibility, Paasch said. It takes more energy to create hydrogen from water than you get in return when burning the hydrogen in the engine, he said.

“... The physics tell us this can’t work,” Paasch said. “People say scientists don’t know everything, but in this case, we do know. If someone could prove this worked, they would win a Nobel Prize, because this would throw out 300 years of Western science.”

Juliano doesn’t claim to have turned the natural world on its head. Instead, he points to customers such as Young who have seen incontrovertible improvements in gas mileage and asks how his hydrogen system could not be the answer.

“For skeptics, I bring them back to the basics,” Juliano said. “If I have to, I turn the (hydrogen) generator on and make it bubble, and light the hydrogen on fire and it goes ‘Bam,’ and it wakes them up, and I say, ‘That explodes, your car runs on (fuel) explosions, why wouldn’t it work?’”

Paasch attributes the gas mileage gains to a placebo effect, or a consumer who is more conscientious about his or her driving habits and see gains in efficiency as a result.

However, Willamette Valley resident Elden Huntling, who built his own electrolysis-based hydrogen system for his 1992 Dodge diesel pickup, also claims to have seen improvement in his truck’s gas mileage.

“I’ve heard people call this is a scam, but my Dodge, I’ve already reached the minimum mileage standard for trucks in 2020,” said Huntling.

According to the Energy Independence and Security Act of 2007, automobile and light-truck manufacturers must have a total fleet average fuel economy of at least 35 mpg by 2020, although there is a backstop standard of 27.5 mpg, which is the rate to which Huntling is referring.

Bend resident Drannan Hamby, a retired Linfield College professor with a doctorate in physical chemistry, said it’s doubtful the mileage increases are due to the energy potential of the hydrogen and oxygen added to the piston cylinder. But he does wonder if there might be some other unexplained efficiency gains at work.

Another skeptic is Mike Allen, a senior automotive editor for Popular Mechanics. In an online piece dated Aug. 7, 2008, that Allen wrote for the magazine, he said: “The entire concept of running your car on water is based on bad science.”

But, citing others who have installed the same systems and seen increases in mileage efficiency, Allen wondered if there is something else at play, such as altering the fuel injection system to make the engine run on a leaner fuel-to-air mixture to accommodate the hydrogen and oxygen.

“I’m convinced there’s a lot of placebo effect.” Allen wrote. “I also think that these (modifications) may be increasing fuel economy independently of the (hydrogen and oxygen) injection. So stay tuned, because we’re still testing.”

Unswayed

The jury may still be out, but Juliano stands by his system. It’s unpatented and builds off designs floating around the Internet, although Juliano said the hydrogen canisters are his own design. The canisters only accept distilled water and have to be refilled every two to three months.

The entire system costs roughly $2,000 to purchase and install, which Juliano does.

Juliano, a serial entrepreneur who founded a water-testing company as well as a direct-marketing firm that he said later went out of business due to the no-call list, has so far financed UnitedH2O.com by himself but said he’s beginning to look for investors.

He admits it can be a struggle sometimes to convince people about the technology, but he’s certain he’s on the right track.

“The more of us installing this, the less we can be affected by the oil companies and those who want to threaten us,” Juliano said. “This is something for all of us — and it’s just ridiculous we haven’t started using this years ago.”

IHateToBurstYourBubble said...

According to the first law of thermodynamics, which states energy can neither be created nor destroyed, the car as a perpetual motion machine is an impossibility, Paasch said. It takes more energy to create hydrogen from water than you get in return when burning the hydrogen in the engine, he said.

This is Bend. Bitch.

We don't need your "science".

All the titties are real, all the streets are paved with gold.

IHateToBurstYourBubble said...

The entire system costs roughly $2,000 to purchase and install, which Juliano does.

Juliano, a serial entrepreneur who founded a water-testing company as well as a direct-marketing firm that he said later went out of business due to the no-call list, has so far financed UnitedH2O.com by himself but said he’s beginning to look for investors.


Describes 3/4th of Bend. Only place on Earth that the First Law of Thermodynamics doesn't apply and Nobel Laureates are humbled in the presence of some shyster in his garage.

Folks, you WILL NOT find news pieces like this in other cities. Mainstream media is TOO AFRAID to deal with the blossoming perpetual motion market, which I might add has been steadily bobbing it's head since it got started in 1902.

IHateToBurstYourBubble said...

Author, publisher defend disputed Holocaust memoir

Associated Press - December 26, 2008 8:33 AM ET

NEW YORK (AP) - The author and publisher of a disputed Holocaust memoir are defending the book's story of love between two survivors, but say it's a work of memory and not of scholarship.

Responding to questions raised about "Angel at the Fence," author Herman Rosenblat says the work is his personal story as he remembers it. Berkley Books will publish the book next year.

Berkley says a leading Holocaust expert had found the story credible, but also says any memoir based on the memories of a survivor is verifiable only by him or her alone.

Rosenblat's book is based on his well-publicized story - embraced by Oprah Winfrey among others - of how he met his future wife on opposite sides of a barbed wire fence at a Nazi concentration camp. Scholars have questioned whether such an encounter could have happened.

IHateToBurstYourBubble said...

Scholars have questioned whether such an encounter could have happened.

Jews are the most REVISIONIST people on Earth, and will actually PERSECUTE (and prosecute) people who deny the holocaust happened.

"Scholars" in this passage refers to JEWS, who refuse to admit anything but UNENDING ATTROCITIES happened to every single Jew in Nazi Germany. This poor fucker got weird with some Nazi hotness, and the Jew commuinity goes bananas, denying that it's even possible.

Why we are allies with such a deranged bunch of crazy motherfucka's is beyond me.

IHateToBurstYourBubble said...

Scholars have questioned whether such an encounter could have happened.

Illustrates the INANE HYPOCRISY of Jews. Deny the holocaust, and you are headed for jail.

But write a book about getting medieval with Nazi hotness, who you later marry, and the fucking Jews DENY THAT IT'S EVEN POSSIBLE.

Revisionist lying hypocritical bastards.

Anonymous said...

A local inventor says ...
By Andrew Moore / The Bulletin
Published: December 26. 2008
Bend businessman Rob Juliano claims it can, despite ample skepticism from scientists and automotive experts.

###

How is this?? Patricia Moss Runs the BULLETIN, CACB, KNIFE-RIVER, and EVERY FUCKING THING in this town NOT owned by HOLLERN, yet the BULL ( P. Moss ) gives us storys of guys turning water into gold. Well essentially its true Summit-1031 has turned water into gold.

Anonymous said...

Great Christmas Day playing in the snow with Trudy. Hope you spent some quality time with those most important to you as well.


*

It's 'Trudi' fake BP.

Anonymous said...

“... The physics tell us this can’t work,” Paasch said. “People say scientists don’t know everything, but in this case, we do know. If someone could prove this worked, they would win a Nobel Prize, because this would throw out 300 years of Western science.”

***

I love this scientists don't know shit. But Bible thumping bitches like Patricia Moss, Mike Hollern, Summit-1031, ... they know everything. Only in fucking BEND.

Patricia Moss ( CACB,BULL,KR,JR,... ) knows to feed BEND shit & keep them in the dark. Hell it got her from bank teller to CEO in ten years, its BEND.

Anonymous said...

When we almost lost $600 million to an unscrupulous 1031 company, we did some research (which, admittedly, we should have done sooner) and found the 1031 world to be largely unregulated. And too many 1031 companies offer other services that can jeopardize the safety of 1031 exchange funds.

$$$$$$

Shit if you can steal $600M legally in this un-regulated biz, I decided to get involved in 1031 myself.

1031 is the most profitable racket in the USA, where else do people 'GIVE YOU THEIR MONEY', with no expectation of even interest!!! Where you can do what you wish with their money for 180 days, ...

How? Tax Shelters, truly ameriKKKan, and separates fools from their money, every fucking business cycle.

Anonymous said...

Why did Summit-1031 'borrow' $10M from themselves at the 11th hour before filing CH-11????


Taking out money to hire the best legal team in the USA is exactly what you need to do before Bankruptcy.

Do you folks have any idea of what a good bankruptcy attorney costs?

Remember Lyons has over 671 LLC's to protect, the legal bills protecting all the Neuman, Stevens, Lyon's, ... assets & LLC's during the bankrupt from their 'investors' will take an army of bankruptcy attorneys, who don't work for free.

$10M for the bill?? No problem. At least $1M just for the retainer.

MrBruce said...

Almost #1 when you google

"homeless renters trailer park 1031"

tim said...

Seems like if I got one of these water splitters for my engine, and I pulled a tire around behind me to charge a battery, then if I drove far enough and fast enough, I could power the world!

Anonymous said...

Hello Everyone, just an update! The following CPAs are not licensed nor have an inactive status with the Oregon State Board of Accountancy:

Mark Neuman - CPA, Founding Partner
(Not a CPA in Oregon)


Brian Stevens - CPA, Founding Partner
(Not a CPA in Oregon)



Kyle Cummings, CPA - Chief Financial Officer
(Not a CPA in Oregon)



Greg Fowler - CPA, CFP - Director of Marketing/ Branch Operations
Not a CPA in Oregon)


I am checking but it is against Oregon statute to use the initials CPA if you are not an Oregon licensed CPA or are on inactive status! I will update everyone when I learn more!

PS:I am an ethical Oregon CPA who lives in Bend but work in San Francisco.

IHateToBurstYourBubble said...

The following CPAs are not licensed nor have an inactive status with the Oregon State Board of Accountancy:


What about THIS IS BEND do you not understand?

NOTHING & NO ONE is as it seems.

IHateToBurstYourBubble said...


I am checking but it is against Oregon statute to use the initials CPA if you are not an Oregon licensed CPA or are on inactive status! I will update everyone when I learn more!


Good find... but it's eye-rolling business-as-usual Standard Operating Procedure for anyone who's been in this town for more than 10 seconds. Fake titties, collagen lips & botox your infants.

Thieves & Grifters... exposed by the dozens as the tide rolls out.

Anonymous said...

"Jews are the most REVISIONIST people on Earth, and will actually PERSECUTE (and prosecute) people who deny the holocaust happened."

all jews or just the handful referred to in the article? why make statements about a broad and diverse category of people based upon the words of just a few?

are you an anti-semite or do you just play one on the internet? it's unbecoming in the extreme.

Quimby said...

Off topic alert:

I have discovered the worst morning hangover combination: A toddler with a Santa provided Glockenspiel

Good lord....(head in hands)

Anonymous said...

are you an anti-semite or do you just play one on the internet? it's unbecoming in the extreme.


***

Is HOMER a anti-semite? Is the pope catholic? Does Patricia Moss eat infants?

Anonymous said...

I hate to SHIT ON THE PARADE here, but this is the WHOLE fucking point, a licensed State of OREGON CPA, has something to lose, a non-CPA has nothing to lose. Don't you fuckers even know what is going on ??

....

Mark Neuman - CPA, Founding Partner
(Not a CPA in Oregon)


Brian Stevens - CPA, Founding Partner
(Not a CPA in Oregon)



Kyle Cummings, CPA - Chief Financial Officer
(Not a CPA in Oregon)



Greg Fowler - CPA, CFP - Director of Marketing/ Branch Operations
Not a CPA in Oregon)

Anonymous said...

What about THIS IS BEND do you not understand?

*

If you search the above, you'll find that that GUY who invented the 'breast implant', got out that that biz, and started 'southwest-1031', the biggest 1031 failure to date.

He got out of 'breast implants' ( santa barbara ), cuz there was no money to be made.

1031 is the place to be.

MrBruce said...

I'm so fucking confused, I don't even know who the real bruce is anymore.

Anonymous said...

I know from my own experience here, that once a CPA gets in trouble they generally quit putting the CPA on their name.

Quite a few people put CPA after their name for legitimacy, just more fucking 'due diligence', before you give a stranger $250k (1031 tax shelter), make sure they have something to lose, like a profession.

Most of the people in Bend, had nothing to lose in the first place.

Bewert said...

Re: The following CPAs are not licensed

###

Hmmm, the Oregon Accountants Database shows them all as licensed...

http://boahost.com/egovlicsearch.lasso

6335 BRIAN STEVENS SUMMIT ACCOMMODATORS INC
1567 SW CHANDLER #101
BEND OR 97702
ACTIVE 02-05-90
06-30-09 Carry Forward:2
Ethics Remaining:4
Pro-rated Hours:


6260 MARK NEUMAN 1567 SW CHANDLER AVE #101
BEND OR 97702
ACTIVE 12-11-89
06-30-10 Carry Forward:20
Ethics Remaining:0
Pro-rated Hours:


7276 KYLE CUMMINGS 69750 OLD WAGON RD
SISTERS OR 97759
ACTIVE 02-22-93
06-30-10 Carry Forward:13
Ethics Remaining:0
Pro-rated Hours:


9522 GREGORY FOWLER SUMMIT ACCOMODATORS INC
1567 SW CHANDLER
BEND OR 97702
ACTIVE 02-14-00
06-30-10 Carry Forward:20
Ethics Remaining:0
Pro-rated Hours:


But that also means they are required to follow the law and Ethics Rules of the Accountancy Board.

And if you have been screwed by Summit, here is "Filing A Complaint":
http://www.oregon.gov/BOA/ConsumerPage.shtml#Filing_a_Complaint

MrBruce said...

The following from the State Board of Accountancy ...

License Name Address Status Granted/
Expires Muni CPE
6260 MARK NEUMAN 1567 SW CHANDLER AVE #101
BEND OR 97702
ACTIVE 12-11-89
06-30-10 Carry Forward:20
Ethics Remaining:0
Pro-rated Hours:

Bewert said...

Re: I'm so fucking confused, I don't even know who the real bruce is anymore.

###

Click on the blue bruce link for the user profile, and it shows you're not and I am.

The rest are just wannabe's.

Anonymous said...

Why would some here 'imposter' bruce, and post that Neuman was not licensed, when in fact he is licensed??

Why would they post the tombstone from the state board website, but remove their license classifications??

Somebody is trying to do the OLD PUSSY OBFUSCATION HERE!!!

Anonymous said...

http://boahost.com/egovlicsearch.lasso

Search for yourself at the above, you'll see that Neuman is current and licensed.

IHateToBurstYourBubble said...


are you an anti-semite or do you just play one on the internet? it's unbecoming in the extreme.


My God, that took a long time!

Jeebus H Chribst... you can usually get the Howls of Anti-Semite going within 3 seconds of questioning Jew Ethics.

Which is of course, why the deserve it MOST.

Anonymous said...

HBM is the only KUNT in Bend that can or would get worked up by the Jewish Hypocritic Oath. Defending his SORE aka Switzer.

MrBruce said...

So WHY is some fucking KUNT here spreading LIES???

http://boahost.com/egovfirmdetail.lasso?firm_no=2145

Firm Licensees Agency Logo
Firm# Firm Address City State Zip
2145 SUMMIT CPA GROUP LLP 1567 SW CHANDLER #101 BEND OR 97702


Licensees Municipal# License Type Granted Expires
MARK NEUMAN CPA 1989-12-11 2010-06-30
BRIAN STEVENS CPA 1990-02-05 2009-06-30

IHateToBurstYourBubble said...


are you an anti-semite or do you just play one on the internet? it's unbecoming in the extreme.


When I live Back In The World, I lived near a Jewish neighborhood, and without exception, they were the most rude, elitist, and bigoted people I have ever encountered.

But... because the nazi's were a pack of murderous fuckwads, All Jews believe that gives them a 1,000 Year Reich of Total Assholeness.

And any mnetion to the negative of Jews in general yields catcalls of ANTI-SEMITE.

Only religious org more EVIL than HAMAS is ISRAEL. They feel they have carte blanche to MURDER & TORTURE & GO TO WAR with as many people & nations as they feel is necessary to attain their ends.

SOUND FAMILIAR?

Anonymous said...

Only religious org more EVIL than HAMAS is ISRAEL. They feel they have carte blanche to MURDER & TORTURE & GO TO WAR with as many people & nations as they feel is necessary to attain their ends.

###

This is a PUG blog, please don't Bash da Bush.

Anonymous said...

Lets do it this way, WHO IS A CPA in Bend?? See if your favorite is on the list. Mine is TELFER my favorite CPA, and hell there is linda & freidman

1445 BARRY LEVITCH CPA 725 NW BROADWAY #2
BEND OR 97701
SP 02-08-01 12-31-09
857 CALLAN ACCOUNTING SERVICES CPA LLC 1018 SW EMKAY
BEND OR 97702
LLC 10-17-91 12-31-09
1959 CARL A WELANDER CPA PC 424 NE KEARNEY AVE
BEND OR 97701
PC 05-31-06 12-31-09
2012 CASEY I TERADA CPA PO BOX 9388
BEND OR 97708
SP 12-05-06 12-31-09
1794 CHRIS MAHR CPA PC 499 SW UPPER TERRACE DR #A
BEND OR 97702
PC 09-28-04 12-31-09
2140 CHRIS TELFER CPA LLC dba ANSER 155 NW IRVING
BEND OR 97701
LLC 02-29-08 12-31-09
1972 CPA ASSOCIATES LLC 64 NW SKYLINER SUMMIT LP
BEND OR 97701
LLC 07-14-06 12-31-09
1274 DOORN & ASSOCIATES CPAS LLC 990 NW BROOKS ST STE 1
BEND OR 97701-2033
LLC 03-06-00 12-31-09
603 ED BOUSQUET CPA PC 62649 ERICKSON RD
BEND OR 97701
PC 08-14-86 12-31-09
1293 GAINES & COMPANY LLC dba CAPSTONE CERTIFIED PUBLIC 908 NE 4TH ST #201
BEND OR 97701
LLC 03-06-00 12-31-09
1976 GEOFF C WALL CPA PC 19537 SUGAR MILL LOOP
BEND OR 97702
PC 07-24-06 12-31-09
2003 GERDES DODGE LLC CERTIFIED PUBLIC ACCOUNTANTS 164 NW HAWTHORNE AVE
BEND OR 97701
LLC 11-07-06 12-31-09
1795 GREER MAHR & ASSOCIATES LLP 499 SW UPPER TERRACE DR #A
BEND OR 97702
LLP 09-28-04 12-31-09
1145 HAROLD J ASHFORD CPA dba HAROLD ASHFORD & ASSOCIAT 1143 NE 4TH ST
BEND OR 97701-4534
ABN 02-01-00 12-31-09
359 HARRIGAN PRICE FRONK & CO LLP 975 SW COLORADO AVE #200
BEND OR 97702
LLP 08-30-71 12-31-09
2124 HILARY W CRAIG CPA PC 707 NW HILL ST
BEND OR 97701
PC 02-22-08 12-31-09
1823 HOGUE ACCOUNTANCY CPA LLC 2514 NE DIVISION ST
BEND OR 97701
LLC 01-13-05 12-31-09
1590 JANA S ARBOW CPA LLP 225 SW SCALEHOUSE LP #103
BEND OR 97702
LLP 10-14-02 12-31-09
1777 JANINE R C TOOMEY CPA PO BOX 514
BEND OR 97709
SP 07-02-04 12-31-09
1091 JOEL C DASENKO CPA PC 17930 PARKWAY LANE
BEND OR 97701
PC 08-04-99 12-31-09
1462 KEITH R BATTLESON 15 SW COLORADO AVE #120
BEND OR 97702
SP 06-27-01 12-31-09
276 KENNETH F GRAHAM CPA PC PO BOX 910
BEND OR 97709
PC 01-25-80 12-31-09
896 KERKOCH KATTER & NELSON LLP PO BOX 246
BEND OR 97709
LLP 06-27-95 12-31-09
1589 KURT R STELK CPA LLC 19547 BLUE LAKE LOOP
BEND OR 97702
LLC 10-14-02 12-31-09
2004 LISA J IHANDER CPA 131 NW HAWTHORNE AVE #106
BEND OR 97701
SP 11-14-06 12-31-09
1870 MARGARET ERICKSON CPA LLC 20934 BLUE BUSH CT
BEND OR 97701
LLC 07-26-05 12-31-09
1170 MARK A MURZIN CPA PO BOX 9309
BEND OR 97708-9309
SP 02-01-00 12-31-09
1905 MCGREGOR-CAVERHILL CPAS PC 438 NE IRVING AVE
BEND OR 97701
PC 11-28-05 12-31-09
2118 PARR ACCOUNTING GROUP 855 SW YATES #101
BEND OR 97702
PC 02-14-08 12-31-09
1422 PATRICK CASEY & CO LLP 796 SW BRADBURY WAY #101
BEND OR 97702
LLP 10-03-00 12-31-09
1966 PINNACLE ACCOUNTING SERVICES PO BOX 7285
BEND OR 97708-7285
ABN 06-02-06 12-31-09
1471 RICHARD W DONACA CPA 1018 SW EMKAY DRIVE
BEND OR 97702
SP 07-12-01 12-31-09
1193 ROBERT GOOLD CPA 5 NW FRANKLIN AVE
BEND OR 97701
SP 02-01-00 12-31-09
1849 ROBERT J IRVING PC 960 SW DISK DRIVE #103
BEND OR 97702
PC 06-09-05 12-31-09
2115 SHACKELFORD & HANSON LLC 855 SW YATES AVE #101
BEND OR 97702
LLC 02-14-08 12-31-09
1579 SHACKELFORD HANSON & PARR LLP 855 SW YATES AVENUE #101
BEND OR 97702
LLP 09-10-02 12-31-09
1796 STEPHEN GREER CPA PC 499 SW UPPER TERRACE DR #A
BEND OR 97702
PC 09-28-04 12-31-09
2056 STEVENSON MATTESON CPA PC 1153 NW KNOXVILLE BLVD
BEND OR 97701
PC 05-21-07 12-31-09
2145 SUMMIT CPA GROUP LLP 1567 SW CHANDLER #101
BEND OR 97702
LLP 02-29-08 12-31-09
1200 SUSAN I MOON CPA PO BOX 9388
BEND OR 97708
SP 02-01-00 12-31-09
1264 THOMAS C RILEY CPA LLC PO BOX 1731
BEND OR 97709-1731
LLC 03-01-00 12-31-09
1833 TRIMBLE EVERTON FARRENS & MODE LLP 15 SW COLORADO #220
BEND OR 97702
LLP 03-07-05 12-31-09
1906 TYLER & STUDEBAKER CPAS LLP 265 NW FRANKLIN AVE #101
BEND OR 97701
LLP 11-28-05 12-31-09
2054 WATTLES ACCOUNTING & TAX SERVICES LLC 612 NE SAVANNAH DR #4
BEND OR 97701
LLC 05-14-07 12-31-09

Anonymous said...

Homer,

They're trying to jerk your chain obviously 'Neuman' is a jewish name, and Jews have a right to rob goyim here in Bend.

If they can prove this site is anti-semitic then the entire blog is null&void.

Good Luck,

MrBruce said...

PS:I am an ethical Oregon CPA who lives in Bend but work in San Francisco.

###

I love this an ETHICAL Cali has found this fucking blog.

Anonymous said...

"they were the most rude, elitist, and bigoted people I have ever encountered."

i suppose you are not capable of realizing how much worse you are being by saying such things.

this tells us nothing about jewish people, but tons and tons about you--and none of it positive.

try some IQ pills or something.

Anonymous said...

ADL reminds us that Made-Off wasn't Jewish,...

Some Jews fear Madoff case stokes anti-Semitism

By JENNIFER PELTZ – 1 day ago

NEW YORK (AP) — Of all the words that have been used to describe the Bernard L. Madoff scandal, the most emotionally charged may be "Jewish."

The disgraced investment guru is accused of orchestrating a $50 billion Ponzi scheme that preyed heavily on fellow Jews and ultimately drained the fortunes of numerous Jewish charities and institutions.

There's nothing new about con artists targeting their own kind. There's even a word for it — affinity fraud — and it has struck numerous religious, ethnic and professional groups.

But the allegations against Madoff are particularly wrenching for some in the Jewish community, who fear that the sensational case is fanning vicious stereotypes about Jews that go back to the Middle Ages.

The Anti-Defamation League cites a spike in anti-Semitic comments online after Madoff's Dec. 11 arrest. A columnist for the Israeli newspaper Haaretz lamented the case as "the answer to every Jew-hater's wish list."

And the American Jewish Committee's executive director, David A. Harris, wrote a letter to The New York Times criticizing what he saw as "a striking emphasis" on Madoff's faith in one of the paper's many stories about the scandal.

The case is "fodder for the bigots," Abraham H. Foxman, the ADL's national director, said in an interview this week with The Associated Press. "It's both embarrassing and it's painful."

It's difficult to describe the case in any detail without mentioning Madoff's religion. The 70-year-old money manager and former Nasdaq stock market chairman donated hundreds of thousands of dollars a year, much of it to Jewish causes. And many of the known victims of his business, Bernard L. Madoff Investment Securities, are big names in Jewish life.

Yeshiva University, one of the nation's foremost Jewish institutions of higher education, lost $110 million; Hadassah, the Women's Zionist Organization of America, lost $90 million; director Steven Spielberg's Wunderkinder Foundation acknowledged unspecified losses; and a $15 million foundation established by Holocaust survivor and writer Elie Wiesel was wiped out. Jewish federations and hospitals have lost millions and some foundations have had to close.

Madoff is charged with securities fraud and is under house arrest in his Manhattan apartment with round-the-clock security. His lawyer has said he intends to fight the charge.

The damage to the Jewish community is psychological as well as financial, said Kenneth Bandler, a spokesman for the AJC. He said his organization declined to invest with Madoff earlier this year because it was unable to decipher how Madoff was producing his renowned returns.

At Jewish organizations and synagogues, Bandler said, people ask themselves: "How could someone who is held in such high esteem in the Jewish community knowingly rip off what were supposed to be his friends, the organizations he admired and supported?"

Members of churches, minority groups and various occupations have wondered the same thing after falling victim to similarly targeted frauds. Religious-based schemes alone swept up more than 80,000 people and nearly $2 billion nationwide from 1998 to 2001, according to the most recent figures available from the North American Securities Administrators Association, an investor-protection group.

The Baptist Foundation of Arizona told investors their money would build churches while paying returns. In fact, their savings were sucked into what authorities called a $550 million Ponzi scheme in the 1980s and 1990s. Several foundation officials were sentenced to prison in 2006 and 2007.

Chicago real estate investment firm Sunrise Equities Inc. had the blessing of Muslim clerics, who said its dividends conformed with Islamic laws against earning interest. Its owner disappeared this past August, leaving 200 of his fellow Muslim immigrants with losses that could total $50 million.

Whatever the circle, affinity frauds exploit trust. Victims are approached by one of their own and "therefore there's less suspicion, there's less concern," said Joseph P. Borg, the Alabama Securities Commission's director and a former NASAA president.

Adding to the sense of betrayal in the allegations against Madoff are worries about whether they feed into centuries-old, ugly caricatures of Jews.

Since Jews served as lenders in medieval Europe, where they were barred from many other occupations, they have sometimes been portrayed as miserly, greedy and obsessed with money. In just one example, Shakespeare's Shylock, the Jewish character who demands a pound of flesh in payment for a loan in "The Merchant of Venice," has become synonymous with usury.

In his letter to the Times about a Madoff article, the AJC's Harris wrote: "Yes, he is Jewish. We get it. But was this relevant to his being arrested for cheating investors, or so key to his evolution as a businessman that it needed to be hammered home again and again?"

The Rabbinical Council of America issued a statement Wednesday underscoring that "there is no reason to believe such terrible behavior is more common among Jews" than anyone else.

Still, anti-Semitic broadsides have peppered the Internet in the wake of Madoff's arrest, some in highly visible public-comment sections of popular news sites, Foxman noted.

Some get removed by the sites' administrators or draw replies noting there are bad apples of all creeds and in all walks of life. Victims also extend to all creeds and walks of life — banks, insurers, pension funds and even the International Olympic Committee are among those who say they've been taken by Madoff.

Still, the scandal has reverberated throughout the Jewish community. This week, representatives of about three dozen Jewish foundations met in New York City to come up with a plan to help Jewish nonprofits that lost money with Madoff, said Jeffrey Solomon, president of the Andrea and Charles Bronfman Philanthropies. Solomon said the foundations agreed to contribute to a pool of money that will be distributed to hard-hit organizations.

"This is a tragedy by any stretch of the imagination but within the context of $300 billion worth of donations to American charities, we shouldn't lose sight of the larger picture — both the generosity of Americans and the effectiveness of the nonprofit system," he said.

Anonymous said...

Foxman is a MOSSAD agent, ADL was founded by Walter Annenberg, one of the biggest Jewish Mobsters in world history.

I love ameriKKKa.

Anonymous said...

What is hilarious here is that "Jews don't Fuck Jews".

Not since the nutcase blew out the brains of LIKUD boss back in Israel a few years ago have we been reminded that "Jew don't Fuck Jews", ... "Goyim, are cattle or chattle, no fucking problem." But "Jews don't fuck Jews". ...

ADL is going to have a terrible problem with PR for awhile.

Anonymous said...

The Rabbinical Council of America issued a statement Wednesday underscoring that "there is no reason to believe such terrible behavior is more common among Jews" than anyone else.

###

Rabbi Robber say's pay no attention to the gross numbers. Just remember that blacks everyday rob each other for $50.

In this context $50B can be ignored, so long as we think of it as $50.

Of course being that 2% of the US is Jewish, and there would have to be a Billion $50 Nigger's robbing to do god's work on this scale. That be 600k Jews in the USA, who do god's work of one-billion black.

So on average there are way more black robbers than jewish, just that blacks average $50, and Jew's average $50B, but other than that all people are the same.

MrBruce said...

PS:I am an ethical Oregon CPA who lives in Bend but work in San Francisco.

###

I love this an ETHICAL Cali has found this fucking blog.

***

An ethical CALI in BEND?? Who doesn't know how to use a computer to search for CPA's?? Hmmmmm

Oh, he found the entry's, he just removed the 'CPA' endorsement and hoped some KUNT would run with the mis-information, most likely the same troll that's here today accusing lord-homer, the one true god of anti-semitism.

Just go to bendmorons.blogspot.com, and look at homers MUG, and tell me a man with a face like that could be an Jew Hater!!!!!!!!!!!!

MrBruce said...

The Anti-Defamation League cites a spike in anti-Semitic comments online after Madoff's Dec. 11 arrest. A columnist for the Israeli newspaper Haaretz lamented the case as "the answer to every Jew-hater's wish list."

###

IF true, that right there could be justification for a 'INTERNET HOLIDAY".

Yes, ever jew-hater in the world, just sits around praying to Yesheva that a Jew gets got with his/her hand in the cookie jar.

Fuck that SHIT, Jews run the CPA, LAWYER, ... racket in the USA they don't need to commit crime, they write the fucking law.

Child "Santa I want to the Jews to get caught robbing Jews this xmas", ... yeh, thats how the goyim world thinks, put this on the reverse, can you imagine if $50B was stole from GOYIMS and someone accused the Jews of Celbrating?? There would be crys of anti-semitism?

Why is it that ONLY Jews have the right to self-pity??

Anonymous said...

bigots are necessarily stupid. i'll take my leave and let you idiots chatter meaninglessly amongst yourselves. bye dummies.

Anonymous said...

Merry Xmas, they don't call us bend-morons for nuttin.

Have a happy holiday HBM writing bile for the SORE.

Anonymous said...

The Rabbinical Council of America issued a statement Wednesday underscoring that "there is no reason to believe such terrible behavior is more common among Jews" than anyone else.

###

Exactly my point, everyday a GOYIM announces to the world that he has ran a ponzi scam for 50 years, and that he's a crook. Very common behavior in the GOYIM world.

Sorry, only a very smart old jewish lawyer/accountant could turn and ordinary 'run on the hedge-fund' into an internal-robbery. The fact is Made-Off couldn't cover the $7B redemptions, and rather than file a BK, he announced to the world he had been "ROBBED", ... BY HIMSELF no least. Had a fucking GOYIM done' this nobody would have turned their neck.

But when a Jew announces he has been robbed, and all the Jews most sacred 'funds' had been robbed, the entire world media took it all very seriously.

Reminds me of when the 'nigger' on Blazing-Saddles say's "If you come any closer, I'll shoot the nigger" ( he has a gun on his own head ).

So here's MADE-OFF with a finger pointing to himself saying "I HAVE BEEN ROBBED, by this Jewish Man". ...

Yes, the Rabbi is right, all humans are capable of this terrible behavior, but only a Jew running a hedge-fund for 50+ years could have gotten away with the charade.

Anonymous said...

Anti-Semitism is UP, Jersulem Post has been reporting this for years.

Sad fact is that Jewish behavior is doing NOTHING to minimize the response, in fact just the opposite, under BUSH they have even felt more at liberty do do whatever the fuck they want to anyone. Including themselves.

Anonymous said...

Reminds me of when the 'nigger' on Blazing-Saddles say's "If you come any closer, I'll shoot the nigger" ( he has a gun on his own head ).


###

If a black-man does this its a comedy. Total fucking hypocrisy, to deny whitey a fair hanging of a black-man.

If a white-man did this, it would be a non-event. Good riddance.

But if a Jew did this skit, it would be international news. Jews just don't do stupid shit, this is fucking NEWS.

Anonymous said...

I am checking but it is against Oregon statute to use the initials CPA if you are not an Oregon licensed CPA or are on inactive status! I will update everyone when I learn more!

###

This has to be the REAL FUCKING PUSSY, only the PUSS, would get toxic-shock syndrome at the thought of someone putting initials at the end of their name.

Bewert said...

Re: This has to be the REAL FUCKING PUSSY

###

Want to know who is real, simple right click on the blue "bruce" link and open it in a new window. It's not that hard unless you truly are a moron.

Obviously I've been stepping on some toes and there is some pushback happening.

Anonymous said...

No fucking doubt in my mind that Bend Real Estate BUBBLE post 1998 orchestrated by Brooks Resources 'Smart Growth' was a fucking PYRAMID. Those at the beginning got the gold.

How did Brooks manage to make the RE bubble inflate all over the country? This thing was nationwide and it was way, WAY bigger than Brooks. Brooks is just a big frog in our little puddle.

Not saying they didn't do their bit to inflate the local bubble, but it's a real stretch to say they caused it.

I don't think we need to invoke conspiracy theories to explain the bubble; it was just human greed and stupidity doing their natural thing.

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