Kendra Todd - The Lawsuit

Kendra Todd, Uber Real Estate Pumper
(see also, Part 1, Kendra Todd Meets God)

If guilty, perhaps behind bars she will convert to Islam.

* Hat tip Johnnie

2009-06-21: Kendra Todd accused of fraud in lawsuit over homesale
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But homebuyer Diane Harris probably wished Todd had a different show - perhaps one entitled, "My Closing Costs Are Worth What?"

Harris said Todd used her Apprentice success "to lull unsuspecting victims into her scheme to defraud," according to a Palm Beach County Circuit Court lawsuit filed against Todd by Harris earlier this month.

More specifically, Harris claims Todd defrauded her by inducing her to buy a Texas home in a deal stuffed with financial extras for Todd, "including overcharges and illegal charges, none of which were disclosed." As a result of the added closing costs, plus a high interest rate mortgage Harris couldn't afford, the property is in foreclosure and Harris' credit is ruined, the lawsuit claims.

Harris is suing Todd, mortgage broker Michelle Caldwell, and Todd's company, Kendra Todd Group, a dissolved Florida corporation formerly based in Hypoluxo. The suit, which includes allegations of fraud and breach of fiduciary duty, seeks unspecified money damages.
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In her lawsuit, Harris claims Todd called the Obra purchase "a fantastic investment opportunity" and that only a few lots still were available for sale. Swayed, Harris said she gave Todd a $7,500 deposit for the purchase of a $88,820 home, the lawsuit says.

Things went south soon after that. Harris's suit said she was told the home would be equipped with appliances. But when Harris went to see the home, she learned the appliances weren't included - but could be purchased through the mortgage loan. So another $1,000 was added to the mortgage, the lawsuit says. (Before it went bust, Obra gained a reputation for luring home buyers in with low-cost home prices and the promise of free appliances.)

In addition to the appliance snafu, other nasty surprises awaited Harris, including an extra $2,000 in deposits owed, the suit claims.

Harris claims she later learned Todd received "kickbacks" from Obra for bringing buyers to the homebuilder, the lawsuit alleges. But Harris' suit said Todd wasn't licensed as a broker in Texas, and therefore couldn't receive kickbacks - or brokerage fees, as Todd described them in closing documents, the lawsuit says.

Harris's suit said she also paid mortgage broker fees to Caldwell, even though she wasn't a licensed mortgage broker in Texas. Caldwell could not be reached for comment, and the company she worked for, Benchmark Mortgage Corp., is listed as a dissolved Florida corporation, according to state records.

Todd, who still owns a Boynton Beach home appraised at $219,276, also could not be reached for comment by presstime. Her publicist said she was in Seattle.
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34 Baytree Cir, Boynton Beach, FL
3 beds, 2.0 baths, 1,577 sq ft
Zestimate®: $180,000

Sale History
04/23/2004: $207,000

Property Appraisal

Kendra Todd Meets God

Ever notice that when people reach bottom and they can't pimp their BS anymore, they turn to god. Go check out some of Kendra's more memorable past remarks, HERE.

Kendra Todd: "Money is God" (see below)
WTF!!!

Kendra Todd: "the Lord will guide us through this financial crisis"

Wait a second, didn't she help guide people INTO the crisis??

700-Club Video

Kendra Todd: Turn Passion Into Prosperity
“I’m a real estate investor, but that’s just one facet of one part of a bigger picture – teaching people how to develop a healthy attitude and mindset towards money,” she said.

Her best selling book, Risk & Grow Rich targets the challenges and importance of taking risks to create wealth, and directly confronts how our relationship to risk affects our lives.

Her team's main mission is to match buyers with properties that fit their goals, and to help people grow one step closer to financial freedom. And, although Kendra has an in-depth background in real estate, her main goal is equipping people with the knowledge that success and wealth comes from God.

“I’m a strong Christian, and I’m getting ready to launch a Christian biblical based approach to making and saving money, tithing and giving,” she said. “I am getting ready to do what I am passionate about. I want to empower people to create a real positive relationship with and perspective on money, and realize it’s all God.”

Kendra also specializes in financial literacy and believes that it’s important to learn how to save and not be indebted to anyone; learning the biblical foundation on how to approach money and setting yourself up for retirement is key, especially during this current economic crisis. (Hey, what happened to tapping sweet home equity? See: My House is Worth What? )

“It isn’t about you. It’s all God,” she said. “That’s something that I really put out there as one of the fundamental approaches to developing a successful mindset. Turn off the television; the Lord will guide us through this financial crisis. Don’t get overly excited about what the news is saying. Don’t let that dictate how you feel about your current situation.”

Kendra Todd

Kendra Todd; winner of Donald Trump's NBC show, "The Apprentice"; Broker of Florida-based The Kendra Todd Group, ex-host of the HGTV Show "My House Is Worth What?"; Author: "Risk and Grow Rich: How to Make Millions in Real Estate" (aka How to Make Millions in a Real Estate Bubble)

From her website:
- "Highly acclaimed lecturer, real estate investor..."
- "...has a commanding knowledge of investment real estate."
- "One of the most successful real estate investors in the country."
What a load of crap. How about "one of the luckiest bimbos to gamble on real estate during a growing bubble." Her real talent: Marketing herself.

Oh, Kendra, you're such a real estate genius. Tell us more...
Is the Real Estate Market in Bubble Trouble? (alternate link)
September 26, 2006
You can't go anywhere without hearing people talk about "the real estate bubble." Such talk drives me to distraction, and I'll tell you why. It's because there is no real estate bubble. Bubbles are for bathtubs.

What to Do When a Market Cools
November 3, 2006
Well, what was for some time touted as the "bursting of the real estate bubble" appears to have become a soft landing for the real estate market. In the business, we call this a "correction."

What Makes a Market Bubble-Proof
January 10, 2007
As I discovered after a recent column, to the list of subjects best avoided if you want a civil discussion -- religion and politics -- you can add the real estate bubble. Plenty of people disagreed with my take that, overall, the "bubble" was nothing more than a long-overdue correction expected in markets across the board. Yes, some markets are experiencing considerable value declines that can be classified as a "bubble," but I could probably count those markets on one hand. (must be a deformed hand with hundreds of fingers)

Here is the pilot of "My Home is Worth What?" What a piece of garbage.