ED Magedson – Founder
DeMarco, REI1500John F Kennedy Boulevard Suite 222 Philadelphia, Pennsylvania United States of America
I was contacted by DeMarco. I told them my credit was bad and I didn't think they could help me. But we tried and they then told me that we would re-mortgage and I could get approx 40K. That would help get things under control for my family and I. My oldest was going away to college. I got the pay off for the existing mortgage at least three times. Then finally we were ready to proceed. I was picked up in Parsippany NJ, driven to DeMarco in Philadelphia, PA. When I got there, I was a bit nervous, and Matt who picked me up, was gone. So now I am in a room with about 5-6 people, telling me sign this and that, then the paperwork was incorrect. So, I went from a 2300.00 mortage payment to a 2950.00 payment. I was going to have a check mailed to me for approx half of what was promised. So now, I am stuck in Philadelphia with nobody I know. The name is DeMarco and I was scared not to do what they said. So I signed everything they told me. I just wanted to get home to NJ. I have three daughters and I felt, I made a mistake and I was afraid that I may not get home if I didn't do what they said. I want my house back in my name. So now I still think the house is in my name and the mortage is in DeMarco's name. And a few weeks ago, a gentleman John Ottino called and said he owns my house and wants to sell it. I was dealing with a lot at the time, so I was shocked to hear what happened. He came to meet me and see the house. He said he was scammed also. That a few homes that he did this with went into forclosure and his credit was ruined. When this whole thing stared with Demarco, the payoff for my house was approx 260K. Now the pay off is 370K. How did that happen? I am very confused. I have a call into the Essex County procecutors office. I want my house in my name, I never sold it. I would never do that. I need all the help I can get. I am going all the way with this. I WILL NOT LOSE MY HOUSE.
Amy mother of three daughters 22,21,4.
This report was posted on Ripoff Report on 04/06/2010 10:24 AM and is a permanent record located here: http://www.ripoffreport.com/r/DeMarco-REI/Philadelphia-Pennsylvania-19102/DeMarco-REI-Anthony-DeMarco-III-Michael-Roberts-Matt-Rosenthal-Christine-Eric-J-590083. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.
If you would like to see more Rip-off Reports on this company/individual, search here:Search Tips
In order to assure the best results in your search:
Advertisers above have met our
strict standards for business conduct.