YOU KNOW WHAT ERKS ME

Showing posts with label Sunshine Mortgage Corporation. Show all posts
Showing posts with label Sunshine Mortgage Corporation. Show all posts

Saturday, January 10, 2009

So this is how it went down. Sunshine Mortgage Corp.

So Wednesday night I get to work. The rate sheets come out. Something strange, no locks for 60 days. Wow...we are in the best market in 2 years and the rates for OUR company are crap. We all go home wondering what was happening.

Around 8 pm I get a call... Elnora, Ted shut the company down. "What?" I stood in the hall trying to get a grip. I just lost my job...not just me, but every employee of Sunshine Mortgage and Madison Mortgage just lost their jobs. Hundreds of people with no warning, no notice.

And the kicker,,,no back pay. That's right, the owner of the company wanted to keep us all working until next Friday when we all realized our paychecks didn't come. The CEO's of the company resigned on spot and started making calls.

What happenend? A company that made 52 million a week?

The only thing I have to go on is rumors. Rumors that the owner, TED TERRY, couldn't make payroll..or could but wanted to cash his chips in and fuck everyone else. Rumors that his builder's business was tanking and he was funneling the losses into Sunshine's bottom line.

What ever the rumor, not paying us is illegal, not giving us 60 days notice under the ward law, is illegal, and I am sure there is something else going on that is illegal. So Monday morning it is my resolve to contact the Atlanta Prosecutor's office and try to budge them into an investigation. White Collar crimes can be icky.

Now I just pray that my family and the hundreds of families affected by this awful tragedy can survive. It's a cold winter my friends. Very Cold.

Anyone find out anything more for me, I will be extremely grateful.

http://ml-implode.com/imploded/lender_Sunshine&MadisonMortgageCorp_2009-01-08.html