Greed leads to Misrepresentation, Fraud and Embezzlement
Jonathan D Kietzer represented me in the purchase of Guardian Inn Motel in Le Center, MN. He claimed to be a dual agent for buyer and seller. However, later after the purchase, I found out that he was the owner/ lender/ and seller of the property purchased on Contract for Deed. He misrepresented himself, committed fraud and embezzled funds from me. He also breached the contract for deed several times. I found out from the Le Sueur County Assessor who knocked on my door at the business one day after the transaction closed. He was asking me questions about the transaction, why did I pay a higher price for the property that sold twice in one day? I said there must be a mistake. He said no mistake in the public records. I found out that the realtor made a $40k kickback on my transaction the day I signed the closing statement.
The realtor was a party to the seller's contract Scheman Properties LLC he was hiding in the paperwork by saying he was a dual agent, but was one of the sellers undisclosed. During the contract for deed time he took several payments that he lost and or did not credit to the principal balance. He breached the contract for deed by not accepting a large down payment of $500k to the principal balance, instead he let the interest build up, and up collecting payments.He wanted time to run out on the contract. He was offered another large payment to principal for $100k but refused to accept it. The contract specifically states that a partial or a full prepayment to the principal is accepted without any penalty. He breached the contract twice, and then again. I should have filed a lawsuit against him at the time, but I got some bad legal advice that Kietzer/Scheman/Sadaka took advantage of me.
One day they drove over to the property in Le Center by appointment, and he and his buddies Tom Scheman, and Tony Sadaka handed me the warranty deed to the property and left. I recorded the deed and then also made the payment to the Scheman Properties LLC account at the Community Bank in Mankato for $467k plus additional payments made. He failed to credit my payments to the principal balance of the contract. They literally stole all of my money and breached the contract again.
The Community bank is owned by Jonathan D Kietzer's family, as well as St Andrews Title company in Mankato where the transaction took place. After Jonathan D Kietzer, aka Scheman Properties LLC took my money they filed a lawsuit to sue me for the warranty deed, and to take back the property saying that I did not pay them. They hired several attorney's because they have deep, deep pockets.
I am just one person aged 69 who wanted to buy a property to live in for my retirement years and to be able to earn a living. Jonathan D Kietzer offered to help me make my dream come true by offering the contract for deed terms, but instead he has turned it all into a nightmare. I hope all of the bad karma he created goes straight back to him 10 fold. He is a greedy, evil man that I wish I never met Jonathan D Kietzer. He has stolen my money for $550k + and my property. The case is still ongoing and I am helpless to fight him, I hope for the good of the community people are aware of these people who just take from others.
The State of MN found him guilty of misrepresentation and fined him several thousand dollars, and put his license on probation for 4 years.
Please do not trust Jonathan D Kietzer, he is out to get you!
True story and very bad experience,
Robin Ostrom read more