Rayo Net Properties has been renamed to Dallas All American Properties. Same owner, Juan Carlos Olvera.
Olvera approached me to refinance his primary residence, which is the same as his Rowlett business address. Olvera wanted to secure the loan with this property, but when that failed to meet the valuation, he brought forth several business assets (real estate, restaurants and auto dealership). Olvera disclosed that all of these businesses and his residence had multiple loans, and that he was going to default on them. He did not seem to have any issue with this. This ofcourse was one of many flags. If he is so eager to screw others, what's stopping him from doing the same to me.
Property records were a convoluted mess. Olvera had detailed stories for all of the liens and sales. What I could never understand is why he kept selling the property to himself (or one of his businesses) over and over again. When I drove out to the property, I was told Olvera no longer lived there and was locked out behind a gate. I called other homes, which let me in. Olvera’s home had significant storm damage and other repair issues. In the driveway, I recognized Olvera’s car. Olvera later told me he had no idea why someone in his house would say he no longer lived there.
I found 2 listings in the past 6 months where the home was for sale. Olvera explained that he was not trying to sell the home. He was just trying to see what the house was really worth. Another mystery.
Olvera name dropped multiple attorney names that would contact me to answer questions. I don't think he could keep up with his lies. I enjoyed his stories of prominent, wealthy individuals that would vouch for him. If this was the case, why don't they loan him the money?
I never heard from any of his attorneys or wealthy friends. I never was able to confirm his identity, contact information, or existence of his multiple businesses or assets.
I did find ongoing lawsuits in Dallas and Rockwall courts against Olvera and his businesses. And a 3 week old foreclosure notice and public auction for his home.
This guy is running multiple scams and should be deported.
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Olvera approached me to refinance his primary residence, which is the same as his Rowlett business address. Olvera wanted to secure the loan with this property, but when that failed to meet the valuation, he brought forth several business assets (real estate, restaurants and auto dealership). Olvera disclosed that all of these businesses and his residence had multiple loans, and that he was going to default on them. He did not seem to have any issue with this. This ofcourse was one of many flags. If he is so eager to screw others, what's stopping him from doing the same to me.
Property records were a convoluted mess. Olvera had detailed stories for all of the liens and sales. What I could never understand is why he kept selling the property to himself (or one of his businesses) over and over again. When I drove out to the property, I was told Olvera no longer lived there and was locked out behind a gate. I called other homes, which let me in. Olvera’s home had significant storm damage and other repair issues. In the driveway, I recognized Olvera’s car. Olvera later told me he had no idea why someone in his house would say he no longer lived there.
I found 2 listings in the past 6 months where the home was for sale. Olvera explained that he was not trying to sell the home. He was just trying to see what the house was really worth. Another mystery.
Olvera name dropped multiple attorney names that would contact me to answer questions. I don't think he could keep up with his lies. I enjoyed his stories of prominent, wealthy individuals that would vouch for him. If this was the case, why don't they loan him the money?
I never heard from any of his attorneys or wealthy friends. I never was able to confirm his identity, contact information, or existence of his multiple businesses or assets.
I did find ongoing lawsuits in Dallas and Rockwall courts against Olvera and his businesses. And a 3 week old foreclosure notice and public auction for his home.
This guy is running multiple scams and should be deported.