Nicholas Willden - Willden Family Investments is a SCAM!

[Theresa Nardello]

Willden Family Investments LLC is a SCAM.

Although I don't see any mention of them here on BP, I thought I should mention it because they are putting themselves out there as private lenders.  I found them on MyHouseDeals.com - who regularly publish lists of private lenders.  They've been on that list for several months and I've communicated with them on 2 different projects.  In both cases I received a preapproval letter offering me my full purchase price plus a sizable rehab budget.  They make it seem like the only thing you're going to have to pay for upfront is an insurance policy to cover them in case of default - it's 2% or thereabouts.  It's a small enough number that I'm sure people go for it.  They are not making real estate loans however - only personal loans.  This will obviously allow them to bypass escrow/title companies.  

They have done their research.  Nicholas Willden is, in fact, a successful businessman in Henderson, NV.  They are using his name and address, however, they leave off one letter on the street name and change the "Street" to "Circle" - hoping no mail will ever reach the real Nick Willden.  They also have you write to Kristen Willden's email address, but the real Mrs. Willden is named Kristine.  When you do a Nevada corporation search for Nicholas Willden you will get a long list of various entities he's had back into the '70s and '80s.  I did a Spokeo search and found the real Nicholas Willden and spoke with him by phone today and he is aware someone is using his identity and assured me he does not do private loans and it's a scam.