Douglas Fonteno - Chase Fonteno |
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Consumer reviews about Douglas Fonteno - Chase Fonteno |
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eightynine
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Jun 3, 2012
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Beware of this guy, never deal with him!
The guy will take your property and you'll never get any money. The guy's a scam and has no employees despite what he's stating. Beware of this guy, never deal with him!
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mwatson1400
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Jun 8, 2012
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Chase Fonteno
Interesting post. No name, no facts, no statement of what the person is talking about. I was an associate in HHP's related company Associate Program and had an amazing experience learning about real estate investments, and met Mr Fonteno and remember the constant focus he had in programs he put on about investing about integrity and fair dealing. I had the chance to later go to work for Hilton Head, they had over 45 employees and were doing business with over 150 associates in many different cities. I worked in both Sales (with EVP-Damon) and in Acquisitions (with Acq Dir-Dan Peavy) and I had first hand experience in working with Mr Fonteno and he lived by the integrity and fair dealing he talked about to us as associates. I saw many times where clients, buyers, sellers and others tried to cheat, steal and take advantage of Mr Fonteno's good nature, and he always sought to resolve a problem and often he would direct the company to take a loss to resolve a problem.
It shocks me to see some 'anonymous' person make a statement like this without facts stated, and to do so under cover of anonymity. That makes this site a 'gossip' site, not a true, fair and unbiased site and certainly it is not a person seeking to resolve a problem, but one that seeks to slander someone without any facts and without identifying themselves. For fear of being sued for false statement?
I am not aware of any property ever being acquired by HHP that someone was not paid. And if that was true - wouldn't that person seek to resolve it? Or file a suit? Instead of anonymous statements without facts. And as a note, something I learned - Mr Fonteno 'works' for the company, as President - he is not the single owner - it is owned by over 100 individuals being investors, employees and others). I as an employee 'also' am a owner.
Mark Watson
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CindyBensen
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Apr 1, 2015
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Interesting Post - I also worked for Mr Fonteno
Interesting Post. No name, no reference to a property, no reference to much of anything.
I worked for Hilton Head for a number of years, Mr Fonteno was the President. When I started with the company, they had over 100 people working in the Dallas office where I worked and they had offices in Houston, Ft Worth, San Antonio, Detroit and a few other cities.. I even went to a Christmas Party in both the Houston Office (70th floor of Chase Tower) and Dallas. Houston had over 40 employees. So not sure where the 'he has no employees' comes from. Between all offices there were over 150 employees and contract people.
Also, I worked at different times in both the Title Dept and in the Mortgage Dept.
1. Hilton Head was run by many Heads of Departments - not Mr Fonteno. Mr Fonteno was mostly 'not' involved in the single family, but more involved in the commercial property and apartment investments.
2. Hilton Head almost never purchased 'houses' as it seems this poster is talking about. I am guessing. Hilton Head was focused on buying single family home 'notes'. Not property.
3. The company was also a Hard Money Lender providing Hard Money Loans to people that were in the business of finding properties (we referred to them as Associates or Hard Money Buyers). But if the company was to 'buy' into a property, it was only by buying a note where the Associate had sold the property on a note.
4. The company also had a Title Dept that would assist the Associates or Hard Money Buyers in closing these notes.
And I am not aware of any person that a property was bought from, not getting paid. We handled most purchases in three ways:
a. Direct Cash Purchase (either closing in our Title Dept or at a Title Company).
b. Direct Financed Purchase (usually closing in our Title Dept) where a note was created payable to the Seller and 'against' the property so if the company did not pay, the seller could take the property back. Just like any other real estate lien note on 99% of properties sold on a note in Texas. SECURED Never heard of the company ever losing a property by not paying the seller.
c. Purchase with Investor Funds (always closed at title company) where a professional hard money lender funded the purchase and the seller was paid cash at closing and investor was paid monthly usually for 10 years.
So not sure how someone could say 'the guy will take your property and you will never get any money'. Never happened.
Cindy Bensen - Dallas
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