Tuesday, August 17, 2010

"Maybe it will go away"

Shawn Schlegel, uber-Realtor / Tiny-Trump
"Maybe it will go away"... say it three times, and it will be so.

This realtard is quite a piece of work. And he's doing himself quite a disservice by airing his dirty laundry. If you're the lender and you see this story, you go out of your way to nail his ass, right?

2010-08-11: I won't pay it back
“I am not going to be a slave to the bank,” said Shawn Schlegel, a real estate agent who is in default on a $94,873 home equity loan. His lender obtained a court order garnishing his wages, but that was 18 months ago. Mr. Schlegel, 38, has not heard from the lender since. “The case is sitting stagnant,” he said. “Maybe it will just go away.”

Mr. Schlegel’s tale is similar to many others who got caught up in the boom: He came to Arizona in 2003 and quickly accumulated three houses and some land. Each deal financed the next. “I was taught in real estate that you use your leverage to grow. I never dreamed the properties would go from $265,000 to $65,000.

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