The Mortgage Meltdown Casino

On April 22, 1997, my best friend, Michael Harkins, sent me an article from the San Francsco Examiner about Lawrence Chazen’s battle with Andrew Cuomo of HUD in regards to preditory loan practices. Micchale was a Private Investigator for the famous PI, William Linhart who was employed by Caryl Chessman.

Chazen claims Cuomo is playing politics – in 1997. Chazen claims he is a victim as does his business associate. I sent e-mails to several Congressman, and our investigation to the Attorney General of California – who ignored MY WARNING! Too bad! Millions of people are going tolose their homes – along with their money!

In separate interviews, broker Charles H. Oliver Jr. and San Francisco investor
Lawrence Chazen angrily objected to the cross-fire of publicity and politics
surrounding a 4-year-old loan to Mattie Aikens and her son Wilbert. Oliver and
Chazen said they’ve been the target of abusive telephone calls. Oliver operates
Homeowners Resources Corp. of Hayward along with his wife and partner, Cindy
Oliver. The Olivers said they are outraged that U.S. Department of Housing and
Urban Development officials publicly said, before investigating, that they
believed Aikens’ case was an example of predatory lending practices. He compared
himself to Richard Jewell, widely suspected of planting a bomb during the
Olympics in Atlanta until the Justice Department conceded it lacked sufficient
evidence.

Meet Captain Victim’s Private Lender

Meet my mortal enemy, Lawrence Chazen, one of the greedy monsters who helped
Bankrupt America. He was Garth Benton’s good buddy and Vic’s private lender. Vic
discribed Chazen as “a top financial advisor for the Getty family.”
Chazen was investigated by Andrew Cuomo of HUD for loan sharking, he threatening
to take the home from a black grandmother in Oakland where I grew up. I went to
school with her grandchildren. As fate would have it you can see this woman’s
son, Willie Aiken, in Mark’s High School football team photo. k

“I think there’s a real problem that (HUD) is trying to solve, but that this
loan does not fall within the problem,” Chazen said Friday.”Media being misled’
“I think the media is being misled, and I think there are a lot of political
overtones from both local attorneys and politicians in Washington,” he said.
Chazen was/is the No.1 Creditor in the estate of Christine Rosamond Benton.
Chazen was a partner in the first Carmel gallery. He is/was a partner of Mayor
Gavin Newsom and most of the Getty family in the PlumpJack resturants. Chazen
tried to get a Superior Court Judge to appoint him executor of Christine’s
estate. There was tax fraud going on when my late sister died. The battle to
control information was, evil.

“I am a member in good standing of the State Bar of California and an attorney
on record for 50% interest in Shannon Rosamond. In my 16 years as a member of
the State Bar California, I have never experienced a more deliberate fraud on
any court or more reckless and calculated attempt to fraudulently take control
of a probate estate at the exclusion of the lawful heirs and total manipulation
of a tester’s intent that the present efforts of Attorney’s Robin Beare,
Lawrence J. Chazen and Garth Benton, the descendants former spouse.”

“Over the specific argument of Ms. Beare, Judge Silver refused to appoint Mr.
Chazen. Neither Ms. Beare nor Mr. Chazen disclosed to the court the very
critical fact that Mr. Chazen has the largest single creditor’s claim against
the estate and is a former business partner and business associate of Garth
Benton who the court had removed as Special Administer just moments before.”

In separate interviews, broker Charles H. Oliver Jr. and San Francisco investor
Lawrence Chazen angrily objected to the cross-fire of publicity and politics
surrounding a 4-year-old loan to Mattie Aikens and her son Wilbert. Oliver and
Chazen said they’ve been the target of abusive telephone calls. Oliver operates
Homeowners Resources Corp. of Hayward along with his wife and partner, Cindy
Oliver. The Olivers said they are outraged that U.S. Department of Housing and
Urban Development officials publicly said, before investigating, that they
believed Aikens’ case was an example of predatory lending practices. He compared
himself to Richard Jewell, widely suspected of planting a bomb during the
Olympics in Atlanta until the Justice Department conceded it lacked sufficient
evidence.

I found a class action complaint against Transamerica for defrauding Seniors in
“Reverse Mortgages”. This is ten years ago! This is when I started writing
letters to Attorney General Lungrin.”The complaint alleges that Transamerica
took advantage of the senior citizens’ need for cash income by selling “reverse
mortgages.” Under the reverse mortgage scheme, the complaint alleges seniors
borrowed against the hard-earned equity in their homes, but were charged
unconscionable and excessive fees and were assessed unfair charges unrelated to
the loan.

I met somebody who knew Lawrence Chazen. He saw him a few times at home default
auctions. What I suspect what he was doing was befriending realestate guys in
their favorite bars – such as the Copper Penny in Walnut Creek – and becoming
their private lenders. All one needed in order to make a loan, was a California
Realestate License. These loans would be bundled up, and when some one
defaulted, Chazen bought their home for a song at auction, and resold it.
To:gavin.newsom@sfgov.org
Dear Honorable Gavin Newsom;
By an incredible twist of fate it appears our paths have crossed in regards to
Lawrence Chazen and the Getty family. There exists in the Probate of my late
sister, Christine Rosamond Benton, a overwhelming scandal that may become the
focus of much public attention in regards to Gay Marriages. In my sister’s
probate are letters I filed protesting the advertisement of the Lesbian novel
‘Love Match’ which is about the marriage of Martina Navratilova to a Beauty
Queen. The author os this book was authoring the biography of my sister who
drowned at Rocky Point. She was a partner of Lawrence Chazen in her Carmel
Gallery.
I am asking you to champion my cause and help me be represented in this Court of
Law that has so far utterly ignored my ‘Family Values’. The two oldest
structures in San Francisco were brought around the Cape in a Clipper in 1849 by
my great grandfather , Carl Janke, who set them up in Belmont. Janke is the
co-founder of this city where he built California’s first theme part
‘Tansforan’. These homes were later moved to S.F.I am writing a biography of my
later sister.SincerelyJohn Presco

At the Gate of the Grail Castle
60 Minutes Exposes the Source of Economic Collapse

Paul Bishop, a former employee of Oakland’s World Savings, appeared on 60
Minutes and said no one at World Savings heeded his warnings. Alas I own
credibility in regards to my fifteen year crusade to expose Lawrence Chazen as a
Loan Shark who preyed on black people. No one listended to me, or Mr. Bishop who
was fired after said he would warn Wachovia
“Paul Bishop says he warned World managers prior to the company’s sale to
Wachovia that he had concerns about what he describes as potentially “predatory
lending, fraud and the deceptive nature of stated income loans”

This article appeared in the S.F. Chronicle in 1996. I went to Oakland High
Schood with Mrs. Aikens grandsons.

About Royal Rosamond Press

I am an artist, a writer, and a theologian.
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1 Response to The Mortgage Meltdown Casino

  1. Reblogged this on Rosamond Press and commented:

    Here is the letter my late friend, Michael Harkins sent me. He had gone with me to Christine’s funeral, and to Vicki Presco’s house where we were shown the infamous suede jacket lie. Michael was a good friend of the poet, Michael McClure, and, Jim Morrison.

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