13 comments

• Comment Link Thursday, January 12 2012 07:08 posted by John

  In any business there is always the risk of losing money, especially if you don't know what you are doing. URBs business is promoting cheap properties and finding investors who are willing to rehab them. They do this by allowing you to "lease" a property for a fee ($5000 for example) for a period of a few months. That gives you the time and possibility to rehab the property and sell for a profit. Its in their business to sell as many properties as possible. Its in your business to know what you are doing and do your homework as far as rehabbing, construction, permits, inspectors, tenants, buyers, current market, neighborhood, etc., not to mention have extra funds available to prolong the lease perdiod in case you don't close the deal in the time provided. Just because a company advertises something as easy, fast money doesn't mean thats how it is. How many get rich quick advertisements do you see on tv?? Think about it.
  
  URB does offer a money making opportunity for people, but not everyone will make money on it. There is no guarantee in business.
  Fact is way of advertising and people targeted are ones who do not have a business, probably don't have too much money and no business plan.
  People see an advertisement and take it literally thinking I'll be rich in a few months....
  
  Well what happens when ideas, thinking and efforts are not backed up by action and results...
  
  HAVE TO BLAME SOMEONE FOR IT..... WHY NOT URBs, RIGHT.
• Comment Link Thursday, January 12 2012 07:08 posted by John

  In any business there is always the risk of losing money, especially if you don't know what you are doing. URBs business is promoting cheap properties and finding investors who are willing to rehab them. They do this by allowing you to "lease" a property for a fee ($5000 for example) for a period of a few months. That gives you the time and possibility to rehab the property and sell for a profit. Its in their business to sell as many properties as possible. Its in your business to know what you are doing and do your homework as far as rehabbing, construction, permits, inspectors, tenants, buyers, current market, neighborhood, etc., not to mention have extra funds available to prolong the lease perdiod in case you don't close the deal in the time provided. Just because a company advertises something as easy, fast money doesn't mean thats how it is. How many get rich quick advertisements do you see on tv?? Think about it.
  
  URB does offer a money making opportunity for people, but not everyone will make money on it. There is no guarantee in business.
  Fact is way of advertising and people targeted are ones who do not have a business, probably don't have too much money and no business plan.
  People see an advertisement and take it literally thinking I'll be rich in a few months....
  
  Well what happens when ideas, thinking and efforts are not backed up by action and results...
  
  HAVE TO BLAME SOMEONE FOR IT..... WHY NOT URBs, RIGHT.
• Comment Link Monday, May 09 2011 12:41 posted by SD

  Hi if anyone has any information on how we can sue or join a lawsuit against these people please click my name and email me. Thank You
• Comment Link Thursday, November 04 2010 12:46 posted by Jeff

  Good Morning! Gangster Disciples Mortgage, how may I help you today?
  
  Hammer Financial?!?
  
  Really?!?!
• Comment Link Thursday, August 05 2010 14:27 posted by TRL

  This is an interesting article. I bought a property from URB and got to know both Brian and Steve. At the time, they used a broker on the South Side to refinance 70% of the inflated value properties 3 months after purchase. URB would then sell the second liens on the secondary market. I never knew how he did it because no one else could--but after becoming a mortgage lender in CA, I imagine he falsified dates on contracts or something. That broker charged me $8,000 on a $40K loan. How many points is that? 20. He was investigated and run out of business. What's funny is that Joe Hammer later became my broker and refinanced properties for me many times. Joe would finance through his bank and sell it to various other servicers. I would sometimes get 2 bills for the same property in the same month. Figuring out which to pay was a problem and they often didn't forward payments to the new servicers if I'd already paid the old one. Otherwise, Joe was always pretty fair.
  
  The Urbanoskis on the other hand sold me a building with a busted radiator they were secretly going over and keeping running until the refinance went through. As soon as it refied, I found out it was busted. It went out on me in the middle of Jan while it was 20 below. The city threatened to fine me $1,000/day until it was fixed. I had to refinance my own house to replace the boiler. They are true con men. And they do not care about the people they take advantage of. I will happily participate in any class action against URB.
• Comment Link Saturday, May 01 2010 18:02 posted by Steven Rabin

  Did you ever here anything more on this case? Hammer Financial failed to be in court on Jan/2010 and owner went missing. If you hear anymore on this let me know. I interviewed you on my Radio Show 3 years ago "Profit on the House"
• Comment Link Sunday, April 06 2008 09:32 posted by LW

  I have a brother bought two properties.He did everything correctly . He listened to everything they said. Both were resold by them for more months later, after they would not close with him. They could not produce title and had liens they could and would not cure.
  URB Inc. lied right to his face. The woman who says she is the office manager screamed at him, lied to him on the phone on tape about curing the liens ! . Avoid them like the plague !!
  Thousands of properties, no !, thousands of wronged people yes !
  
  Send me $5000 it'll save you headache and despair .
  We do have now nine people for a class - action suit,revenge is sweet! !
  
  
  lwebster3@gmx.com
  
  Law Offices of //
• Comment Link Thursday, August 30 2007 13:32 posted by ex-employee

  I worked for URB a couple of years ago and left because I had morals and ethics, they are scammers and dont care about their customers, and they treat their employees with such disrespect, they ALTER documents and work as a team, they should definately investigate them, I left knowing that one day I would hear something like this!
• Comment Link Friday, August 24 2007 20:07 posted by LARRY

  You have to understand that in the 21 yrs they have been in business - they have sold thousands of homes and most of them are rehabbed today! but there are a hand full that never made it there... as in any business it can be a number of reasons bad purchase price -picked up by a "rehabber-inverstor" who also either knew or didnt know how to make this business venture work. Unfornuratly ignorant uneducated people are everywhere and in business its a disasterous combo... and at URB this happens to be 80& or their customers! I know trust me-
  
  Larry
• Comment Link Wednesday, April 25 2007 13:03 posted by N/A

  I also bought a property from URB, before buying i did some home work on the property and also on the company it seems at the time their where in business for 18+ years which would make 21 years now. Serving people the opportunity to be self employed and control their own destiny. By an affordable way to start their own business with a nominal amount of money to start.
  From what i know URB is responsible for updating a large portion of the south and west side of chicago. Turning deteriated properties into new up and coming neighborhoods. Raising property values in the past 5 years alone, i believe the the thousands of people involved with this undertaking should be proud and lets take our hats off for them!