Shrader offered to purchase homes in Hamilton County from
consumers who needed to sell their properties quickly. Rather
than purchase the home outright, Shrader convinced the
homeowner to create a trust, name Shrader as the trustee,
and then assign all beneficial interest in the trust to Shrader.
In return, Shrader promised to lease/option the house to
tenants who needed to improve their credit. Shrader collected
rents and then ultimately failed to make mortgage payments.
In recent months, an increased number of real estate professionals have reported their listings being scraped and used for rental scams. Scammers are reposting the listing information on Internet sites, such as Craigslist, and claiming the home is for-rent, not for-sale. The perpetrator will often tell the renter that the home is unavailable for a showing. Unsuspecting renters who are lured to the low rental price will make deposits to rent the property only to find out later that the home was never available for rent. Then the listing will quickly disappear off the Internet.
Hate to admit it but had to literally threaten him to pay up back in 2008. He took 4 months to try and sell our relatives house, lease it and finally close on it.
In the end we made Danny boy PAY. :) If he owes you money go after him, relentlessly.
Smiths: I am happy for you.I have found Doug Clary to be a very decent person.We are working together to sell my house once the tenant leaves.Doug has kept his part of our agreement. Hopefully,this nightmare will be behind me soon. I hope the AG continues to go after Shrader.
Doug Clary did get taken by Dan, but he is still associating with him regardless of what he says. Doug took possession of our house in his split from Dan; and then turned around and did the same thing to us - evicted and then sued us. But guess what... WE WON! Court said he had no legal right to lease or sell our house. We still haven't heard anything new from AG.
If you know anyone else who has been scammed by this crook,please tell them to contact Sally Miller at the Indiana Attorney General's Office. He has been free to ply his deceit and I am sure there are more folks out there that have been taken.It's a shame that there has not been more news warnings about him.
Shrader-ized: I think that a lot of people who have been hurt associate anyone involved with Mr Shrader to be like him. He has hurt a lot of people and lost peoples homes.I don't know if you were hurt by him,but a lot of other people were. He still has his website up and he is appealing the judge's ruling. I know he hurt me and I will never fully recover.
Taken: I don't know why the wheels of Justice turn so slowly.He has been hurting people for years.He absolutely should be put in jail.What a snake he is.Unbelievable that he is still out there. His website is still up too.
Just learned this week that the house Dan had foreclosed that we thought we were purchasing is on the market for $80K! Less than half of what he wanted for it from us AND $44K less than the balance of the loan at the time we were evicted thanks to HIS not paying the mortgage. When will this slimeball go to jail!? He's still out ther ruining people's lives. So sickening.