Second only to banksters, the US Department of Housing and Urban Development (HUD) is rapidly approaching First String when it comes to corruption at epic proportions. Yesterday, Christina MacDonald of The Detroit News, published a piece on how a HUD Contract Holder was able to come in and rape the American Public all the while being financed by taxpayer dollars. Herb Strather, a man whom still has at least $260,000 in state and federal tax liens pending against him, purchased 6,350 Detroit properties for just a hair north of Three Million dollars. Not a bad day when you are debt ridden vulture capitalist rolling the dice loaded with taxpayer money.
Strather said his main partner is John Page, who owns Echo Solutions. Strather said the company has contracts with the U.S. Department of Housing and Urban Development to manage the government’s properties in 16 states, including Michigan. Page did not attend the Wednesday press conference.
After Foreclosurepedia reached out and confirmed the fact that it is, in deed, Eco Solutions, not Echo Solutions, and MacDonald has corrected the spelling, we ran the name through the ISTAR Clear Base and found some damn interesting information. Eco Solutions maintains an Office in Michigan located at 22260 Haggerty Road, Suite A7, Farmington Hills, Michigan. This is the IDENTICAL ADDRESS for IEI – Tidewater which was instrumental under the BLB Resources debacle Foreclosurepedia had discussed earlier this year. Lo and behold, IEI is currently involved in a Joint Venture, under protest, with Cityside on the Marketing and Management (M&M) 3.8 Awards — more on this and the Assero – Visneta mess which Eduardo San Roman put together which is already in high gear commandeering all the subcontracting from HUD Awardees and Pre Conveyance Portfolio Holders alike potentially violating HUD 5.1.12.5 later.
Inspection Experts Inc (IEI) is an interesting outfit with a fellow named Sumedha DeSilva at the helm in principal while not in name. DeSilva and I have spoken in the past. Tidewater is headed up by Prasad Dissanayake. DeSilva took on PK Management, back in the day, over the Environmental Protection Agency’s (EPA) Award to PKMG of a Soil Remediation Contract by proxy as it seemed to me in that they and/or Coastal probably should have been performing on it. Even the EPA protested the Small Business Administration‘s (SBA) Award — true irony when a US Government Agency is not allowed to determine whom is best suited to provide services to itself. Most people remember the AMRE v MMREM Protests under size and such; the SBA Form 355, as always, being used to wipe one’s ass instead of addressing issues.
While not on the radar of most in the Mortgage Field Services Industry, the reality is that there is an entire world unto itself when we begin to scratch the surface of the quasi Indian firms whom are, in essence, Pakistani proxies. Make no mistake whatsoever that it is a free for all in the investment world. More troubling, though, is when radicalized forces are able to both understand and invest in domestic real estate — I’ll leave it there as I am not too much into the Men In Black kicking in my doors. ISTAR Clear Base probably has about 3 gigabytes on this area alone.
IEI is a troubling creature. When you have folks like Strather stating that he has an army of “… partners [with] plenty of money,” and “[w]e have very substantial partners[,]” I am extremely concerned precisely why it is that Craig Karnes fights tooth and nail to bend if not outright break the law to allow what appears to me to be well funded, rackets into HUD. I mean there just isn’t any other way for me to view this.
What we have here are relationships which are far too cozy to be downplayed as coincidence. As most of us in the Rabbit Hole know, HUD is inundated with Protests under the HUD M&M 3.8 Awards wherein HUD is banking on the fact that none will have enough financing to make it to the GAO level. When you have Firms whom become involved in profiting upon the very mess they are allegedly hired to clean up; when you have the potential for taxpayer monies being invested to offset these same profit model schemes, Conflict of Interest is an understatement in my opinion.
Nothing new under the sun with respect to HUD. This juggernaut of corruption has paved the way for corruption at Epic Proportions earning the #EpicFail label. Make no mistake whatsoever that even as IEI – Tidewater reported record setting monies in FY2013 in the exercising of Option Three weighing in at $13.5 Million and IEI added another $2.4 Million according to only one US Government Database, there will be no contesting under SBA Form 355. For those of you out there whom want to get it right and want to capitalize upon the real Portfolio Holders whom are aggressively moving away from the Order Mill format, feel free to reach out to Foreclosurepedia today for an Initial Consultation!
