ED Magedson – Founder
Harbor lending735 Tank Farm Rd San Luis Obispo, California United States of America
Harbor Lending Company has somehow been able to receive funds by keeping clients strung along, making promises to finance home purchases. The longer they keep home buyers in the pipeline the ability to show investors they have actual business coming in. I am not alone in this disappointment.
They are extremely incompetent and consider lying to be the best policy to keep borrowers. The director of operations is not even licensed, blaming others for his promises not being fulfilled. The DOO aggressive behavior towards clients when they find out HARBOR LENDING is a fraud, is criminal and threatening. The President of the company is a dirtbag as well currently being sued for $3 million.
Thank goodness for other reputable lenders in the area who try to save the damage done. One woman was able to close escrow and not lose her potential home. This borrower was not so lucky and lost $2500 in deposit and reports to the sellers of the property. Currently with a capable lender and will start over.
BEWARE OF THIS UNSAFE HARBOR IN SAN LUIS OBISPO
This report was posted on Ripoff Report on 09/10/2009 11:27 AM and is a permanent record located here: http://www.ripoffreport.com/r/Harbor-lending/San-Luis-Obispo-California-93401/Harbor-lending-Cameron-financial-incompetant-horrible-attention-to-detail-resulting-in-h-492768. 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.
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