Monday, May 30, 2011

I now feel sorry for Bob Leedy!

I know!  I can't believe it, either!  I actually feel sorry for Bob Leedy!

What could Bob have possibly done to illicit even one iota of sympathy from the Hammer?  After all, he used escrow money for his own personal toys.

But ~now~ Bob feels railroaded to me.

I mean, what is the difference between what Bob did and the Fontaine Cabin Rentals and Hickory Mist fiascos?

TELL ME THE DIFFERENCE!

Oh yeah, the rental companies get to spend their escrow money, and the real estate companies do not.  The heartache this combination of lax laws and unchecked spending has caused is immeasurable...  MUCH more heartache than Bob Leedy caused with his little "operating escrow" account self-loan.

Read more about the sordid messes caused by TCA 62-13-104 (B)(3),(D)(i):

Fontaine's Cabin Rentals:
http://www.themountainpress.com/view/full_story/8090303/article--Abrupt-closing-of-cabin-rental-company-creates-concern-?instance=homesecondleft




Hickory Mist:
http://themountainpress.com/view/full_story/13379837/article--Cabin-firm-closes-doors--co-owners-face-lawsuit-?instance=most_recommended

http://www.wbir.com/news/local/story.aspx?storyid=170233 (there are so many comments removed from this article that it must have been a sputtering spit-fest that included a conspiratorial kool-aid reference - open the replies to see what i mean)
http://www.wbir.com/news/local/story.aspx?storyid=170589
http://www.wbir.com/pdf/amendedcomplaint.pdf

http://www.wate.com/story/14680348/smokies-cabin-rental-company-closes-abruptly-customers-upset

I wonder how many other companies are in trouble?  When is the State going to fix this problem with our poor tourists in Tennessee?  Who knows... it might fix itself by August when the rental companies who are dipping can't recover from a bleak Spring and an uneven Summer.  Yeah, that's what happens in a Ponzi scheme.

So, now i feel like Bob Leedy is being picked on unfairly.  If Robert Vick and Patrick Landers get to spend THEIR escrow money ~ then Bob should get to, also!

5 comments:

  1. mntpestcontrol@aol.com7:18 PM, June 04, 2011

    Has this become a "legal" way now for these companys to operate? As a service vendor working in this county for years I have never seen such dishonesty in this lodging industry before. Where are the state audits? Who's controlling the legistlative arms? I think the same people that are living and operating on the escrow money.

    ReplyDelete
  2. @mtnpestcontrol ~

    I think it's going to get really crazy around August 2011. That's when the companies will owe the owners huge checks for July ~ but most of the money will have been spent months earlier.

    You might want to start getting your money up front.

    There have been so many instances of companies failing and people losing money that i think it's safe to say that the GREAT RULE CHANGE OF 2003 has failed.

    ReplyDelete
  3. I rented a place once from a man in Tennessee named Bob Leedy needless to say after being scammed out of over 3,000.00 I swore this place off I entered feeling like I was in Gods country and left feeling like there was so much corruption I would never return very sad to say the least

    ReplyDelete
  4. I rented a place once from a man in Tennessee named Bob Leedy needless to say after being scammed out of over 3,000.00 I swore this place off I entered feeling like I was in Gods country and left feeling like there was so much corruption I would never return very sad to say the least

    ReplyDelete

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