- Report: #133453
Report - Rebuttal - Arbitrate
Complaint Review: J. Beckstrand - Twin Cities Group - Novastar Home Mortgage - First Metropolitan Mortgage
J. Beckstrand - Twin Cities Group - Novastar Home Mortgage - First Metropolitan Mortgage8001 W. American Blvd. Bloomington, Minnesota U.S.A.
J. Beckstrand - Twin Cities Group - Novastar Home Mortgage - First Metropolitan Mortgage ripoff Horrible business practaces, will screw over over anyone he does business with including employee's Bloomington Minnesota
*General Comment: Updated Info nka J James Wendell
*Consumer Comment: Location information for J Beckstrand
*UPDATE EX-employee responds: Location Information on J Beckstand
Last year a friend of mine was interested in purchasing a home and looked to an associate of J. Beckstrand to help him with this. Well once this associate went to Mr. Beckstrand and let him know what he was trying to do for one of his friends Mr. Beckstrand was more than willing to try to help in this situation by creating false documents and also raising the appraised value on the home since the borrower was only approved for 90%.
Well after a couple careless mistakes on the purchase agreement that J. drew up he had to bring $33,500 for the loan to close which out of that money the builder was supposed to give back to J. Beckstrand roughly $23,000 which then J. still had a little over $10,000 left in the property that he needed to be paid on. It was agreed between him and the client that J. would place a lien on the property for the amount and they would refinance the money out in one year.
Well the client was fine with this whole transaction untill one day he gets served papers that they are foreclosing on his home. It turns out J. who brought the cashiers check to the table to close waited untill the closer made copies of the check and then disbursed funds and then took the check back and never said anything to anyone.
Now that the client has figured out what has happend it is too late. J. knowingly took the check from the closing which was drawn out of his account but had the clients name on it and took it and wrote on the check not used for inteded purpose. Now I can understand if he did this for fear that the builder was not going to give him the 20 odd thousand that was agreed upon but WHY would you not let your client know that you took the check???
Now the sheriff sale has occured the property is being lost and you put someone with a wife and two kids in a situation that no one should have to face. This is just one of many horror stories that J. Beckstrand has created from being in this industry.
I could go on and on about things that he has done to me to rip me off but I think this one is by far the most severe. All that I have to say is anyone looking to do anything along the lines of mortgages or real estate steer away from J. Beckstrand or you will learn like the rest of his staff that you will only be RIPPED OFF!!!!
This report was posted on Ripoff Report on 03/02/2005 01:35 PM and is a permanent record located here: http://www.ripoffreport.com/r/J-Beckstrand-Twin-Cities-Group-Novastar-Home-Mortgage-First-Metropolitan-Mortgage/Bloomington-Minnesota/J-Beckstrand-Twin-Cities-Group-Novastar-Home-Mortgage-First-Metropolitan-Mortgage-r-133453. 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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