Howard Barron of Barron & Associates, DBA Security Mortgage will recruit you and hold you to a 1 year no compete clause, no matter how far away you live. These funds he collects is under the guise of being held to pay for any trailing fees after your resignation. Bogus. It is also to build a fund for himself, stating it's in case there is any fraud involved, and he has to buy back a mortgage. Bogus as well. He has E&O insurance for that, and it the responsibility of each branch. He also states he requires 60 days notice. If not, he keeps your money. If so, he waits until after you proivide him with a copy of your present and next years tax returns to prove you didn't work as an L/O. If so, he threatens to sue you for breach of contract for thousands of dollars per loan you do within that year no compete.
He will require you to sign a form stating any issues or lawsuits are to be settled in Michigan. So be prepared to travel to Michigan if you want to ever see your "deposit" that he collects either upfront, or per loan.
To receive your funds, you have to hope the file isn't "fined". He has a page long list of fines that he can impune on your file, and it is nit picky as possible. He may not reduce your commission by these fines, but is sure to impune them when it comes time to collect your "deposit". Bear in mind, these funds he collects, is after all taxes and fines and expenses are taken out. The net figure is then reduced by his whim normally 20% of YOUR net income check.
When I made a stink about this to him and a broadcast email he had sent me with a list of all his L/O's, I received monthly calls from others who could not get their deposit back. They asked if I had any success in getting mine. There has been at least 10 people that have called and emailed me with the same issue.
My good news is that he faced his first lawsuit in Florida by me, and he did not attend, thus putting him in default. He made the mistake of not reading the suit and respond in person. Instead, his attorney sent a letter requesting it be dismissed. And if the court would not, then they requested the case be referred to Michigan.
With my default in hand, the judge then set another date for hearing about the damages I had sued for. There is a cost for submitting, and I could not afford the fee to sue for the entire amount of $3900. but rather sued him for $2,495. After reviewing the commission statements, fines worksheet, contract, etc, I was awarded a judgement in my favor for the $2,495. dated 2/11/2014 book 26610 page 162 and certified copy located in Book 26856 p. 1117. See link below.
There are others I am told that have won in his "home court" and the judge there publiclly reprimanded him for keeping what was not his. Thruout this process, he never once spoke with me, or negotiated any settlement. His contact was thru an attorney that used threats and intimidation to coerse me into dropping my suit stating I was opening up myself to his counter suits.
This whole process has taken years and he has not yet paid on this judgement, and continues to recruit others and steal from them.
Security Mortgage Reviews
Howard Barron of Barron & Associates, DBA Security Mortgage will recruit you and hold you to a 1 year no compete clause, no matter how far away you live. These funds he collects is under the guise of being held to pay for any trailing fees after your resignation. Bogus. It is also to build a fund for himself, stating it's in case there is any fraud involved, and he has to buy back a mortgage. Bogus as well. He has E&O insurance for that, and it the responsibility of each branch. He also states he requires 60 days notice. If not, he keeps your money. If so, he waits until after you proivide him with a copy of your present and next years tax returns to prove you didn't work as an L/O. If so, he threatens to sue you for breach of contract for thousands of dollars per loan you do within that year no compete.
He will require you to sign a form stating any issues or lawsuits are to be settled in Michigan. So be prepared to travel to Michigan if you want to ever see your "deposit" that he collects either upfront, or per loan.
To receive your funds, you have to hope the file isn't "fined". He has a page long list of fines that he can impune on your file, and it is nit picky as possible. He may not reduce your commission by these fines, but is sure to impune them when it comes time to collect your "deposit". Bear in mind, these funds he collects, is after all taxes and fines and expenses are taken out. The net figure is then reduced by his whim normally 20% of YOUR net income check.
When I made a stink about this to him and a broadcast email he had sent me with a list of all his L/O's, I received monthly calls from others who could not get their deposit back. They asked if I had any success in getting mine. There has been at least 10 people that have called and emailed me with the same issue.
My good news is that he faced his first lawsuit in Florida by me, and he did not attend, thus putting him in default. He made the mistake of not reading the suit and respond in person. Instead, his attorney sent a letter requesting it be dismissed. And if the court would not, then they requested the case be referred to Michigan.
With my default in hand, the judge then set another date for hearing about the damages I had sued for. There is a cost for submitting, and I could not afford the fee to sue for the entire amount of $3900. but rather sued him for $2,495. After reviewing the commission statements, fines worksheet, contract, etc, I was awarded a judgement in my favor for the $2,495. dated 2/11/2014 book 26610 page 162 and certified copy located in Book 26856 p. 1117. See link below.
http://oris.co.palm-beach.fl.us/or_web1/details.asp?doc_id=20240310&index=2&file_num=20140221314
There are others I am told that have won in his "home court" and the judge there publiclly reprimanded him for keeping what was not his. Thruout this process, he never once spoke with me, or negotiated any settlement. His contact was thru an attorney that used threats and intimidation to coerse me into dropping my suit stating I was opening up myself to his counter suits.
This whole process has taken years and he has not yet paid on this judgement, and continues to recruit others and steal from them.