Nathan Janzen (Chilliwack Mortgage Broker) EXPOSED Mission, Abbotsford Beware!

"With over eight years of experience in the banking and financial services industry, I know what customer service is all about" (Nathan Janzen, see screenshot at right from http://www.nathanjanzen.com/about/, click to enlarge):  Nathan never responds to correspondence.

COLOSSAL HOUSING BUBBLE

The reason is simple:  "The Real Estate Board of Greater Vancouver said last month was the second busiest January on record as residential property sales in the region jumped nearly 32 per cent, compared with January, 2015. The estimated price of an average house across Metro Vancouver surged nearly 28 per cent to slightly less than $1.3-million from January of last year."(Lauren La Rose,‘Property Brothers’ stars urge caution in Vancouver’s hot housing market, The Globe and Mail, 9 Feb 2016)

AND NATHAN JANZEN WAS "HELPING" PEOPLE LOAD UP ON MORTGAGE DEBT AT THE PEAK OF THE BUBBLE

Nathan Janzen knew the fun couldn't last forever, but he drew suckers in -- anyway -- with the promise to help them fulfill "dreams of owning property".  (see twitter profile at left)

And he's been doing this since 2010. https://www.linkedin.com/in/nathan-janzen-6b9b3324

WHICH WAS BASICALLY USURY

"Signior Antonio, many a time and oft 
In the Rialto you have rated me 
About my moneys and my usances"
(Shylock cited in William Shakespeare, The Merchant of Venice, ACT I SCENE III. Venice. A public place.):
 
"I have the experience of self-employment, expertise in credit and ultimately, how to treat my clients right and to look out for their best interest." https://www.linkedin.com/in/nathan-janzen-6b9b3324

Which is objectively false: "Vancouver's real estate market had a roller-coaster year in 2016,

BUBBLE TOPS OUT

peaking with record sales in the spring but wrapping with a 5.6 per cent drop from 2015, the area's real estate board said Wednesday. Sales of residential properties in Greater Vancouver hit an all-time high in March. Figures show the market began to slow down before the province implemented a 15-per-cent foreign-buyers tax in August.

The effect of the tax is still being debated, but the second half of 2016 clearly showed a cooling real estate sector, with sales and eventually prices declining. The Real Estate Board of Greater Vancouver said sales were down 39.4 per cent in December compared with the same month in 2015." (The Canadian Press, Vancouver Home Sales Dropped In 2016, Says Real Estate Board, Huffpost British Columbia, 5 Jan 2017, http://www.huffingtonpost.ca/2017/01/04/vancouver-real-estate_n_13956358.html)

SO WHAT HAPPENS TO THE PEOPLE NATHAN JANZEN LOADED UP WITH MORTGAGE DEBT AT THE HEIGHT OF THE BUBBLE?

"Adil Dinani, a real estate agent with Royal LePage, said he had some "candid conversations" last month with clients whose homes had been on the market for months. Their asking prices were better suited to the height of the frenzy, he said.

"The reality is the market's no longer there.""  (The Canadian Press, Vancouver Home Sales Dropped In 2016, Says Real Estate Board, Huffpost British Columbia, 5 Jan 2017, http://www.huffingtonpost.ca/2017/01/04/vancouver-real-estate_n_13956358.html)

So let those angry clients of Nathan Janzen stew.  He made lots of oral representations.  Slimed them into mortgages they had no chance of paying when the market went south.

JANZEN'S "GOLDEN RULE"

But nothing in writing.  (see graphic at right)

And if some ill-used client decides to sue him?

"What judgment shall I dread, doing no wrong?  [at least not in writing] 

DEBT SLAVERY

You have among you many a purchased slave, Which, like your asses and your dogs and mules, You use in abject and in slavish parts, Because you bought them: shall I say to you, Let them be free, marry them to your heirs? Why sweat they under burthens? let their beds Be made as soft as yours and let their palates Be season'd with such viands? You will answer 'The slaves are ours:' so do I answer you: 

HUNGER GAMES FOR OVER-EXTENDED CLIENTS

The pound of flesh, which I demand of him, Is dearly bought; 'tis mine and I will have it. If you deny me, fie upon your law! There is no force in the decrees of Venice. I stand for judgment: answer; shall I have it?" (Shylock cited in William Shakespeare, The Merchant of Venice, ACT IV SCENE I. Venice. A court of justice.)

HOW SHYLOCK GETS IT

"When home prices are on the rise, there are few foreclosures. Owners not able to make mortgage payments can easily sell or refinance to get themselves out of a bind.

When prices fall, however, it’s a different story.

“Any drop in prices can lead to an increase in people defaulting (on their mortgages) because people who are stretched tightly don’t have an exit strategy,” said Andrew Bury". (Dan Fumano, Joanne Lee-Young, Forecasts and foreclosures: What does newest Metro Vancouver real estate prediction mean?, Vancouver Sun, 30 Nov 2016)

But the money lenders represented by Nathan Janzen do.   (see photo at left)


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