- Report: #751532
Report - Rebuttal - Arbitrate
Complaint Review: LSI Mortgage Plus
LSI Mortgage PlusInternet, California United States of America
LSI Mortgage Plus Flagstar Bank Bait and Switch with home appraisal and acceptance Internet, California
A business' first
line of defense
on the Internet.
If your business is
willing to make a
Click here now..
I contacted several mortgage lenders and was accepted and approved by two but ultimately went with LSI Mortgage Plus Chris Piatchek because he said that his company was the bank and that I would not have to deal with any middlemen and this would to close the loan in approximately 3 weeks and would same me money of fees, after I sent him my financial information he advised that my loan was approved and the only thing that was needed is an appraisal and that it needed to be $ 340,000 or higher we would be good and that i would need to pay $ 400.00 to LSI Appraisal so that they can order an Appraisal which i did. The appraisal came back at $540,000, they continued to assure me that the loan was imminent and I would be closing within days.
This lasted for months until I was completely disheartened and then they pulled the bait and switch saying that no lender would approve me at the locked in rate of 4.50 and they would have to increase it to 5.25. Unfortunately I was so distressed after waiting the long months for a process they promised would be weeks that I buckled and accepted the loan.
In my opinion Chris Piatchek and LSI used fraudulent and misrepresented information until they wore me down. I would advise anyone dealing with LSI to immediately cancel your dealings with them and find an honest lender.
This report was posted on Ripoff Report on 07/11/2011 02:55 PM and is a permanent record located here: http://www.ripoffreport.com/r/LSI-Mortgage-Plus/Internet-California-/LSI-Mortgage-Plus-Flagstar-Bank-Bait-and-Switch-with-home-appraisal-and-acceptance-Interne-751532. 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:
- Keep the name short & simple, and try different variations of the name.
- Do not include ".com", "S", "Inc.", "Corp", or "LLC" at the end of the Company name.
- Use only the first/main part of a name to get best results.
- Only search one name at a time if Company has many AKA's.