• Report: #224045

Complaint Review: Laurence Burke - Nationwide Lending Group

  • Submitted: Wed, December 06, 2006
  • Updated: Wed, December 06, 2006

  • Reported By:Bronx New York
Laurence Burke - Nationwide Lending Group
290 Larkn Drive Suite 230 Monroe, New York U.S.A.

Laurence Burke - Nationwide Lending Group Mortage Broker refinacing ripoff Monroe New York

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Please be very aware about a con artist by the name of Laurence (Larry) Burke from Nationwide Lending Group.He operates mainly in the bronx and queens offering refiancing with a 1% interest rate. He told my mother and I, that he had a program specifically catered to people who were retired or getting ready to retire. Fixed for 3 years and there was to be a cap of 5.25% after that.

Well the loan i received has a 8% interest rate with a cap of 10.25%. The rate adjusts every 1st of the month starting 1/1/07. We had the closing on 11/16/06. I am absolutely furious that he totally lied and misrepresented himself. The closing cost fees were also outrageous.

I am doing everything I can to stop this man , and informing other people about him.From this website, to the attorney general, bronx D.A , and BBB. Always have a lawyer present when you go to a closing and if it sounds too good to be true, it usually is.

Nationwide lending group is not associated with Nationwide Insurance.


Carron
Bronx, New York
U.S.A.

This report was posted on Ripoff Report on 12/06/2006 01:42 PM and is a permanent record located here: http://www.ripoffreport.com/r/Laurence-Burke-Nationwide-Lending-Group/Monroe-New-York-10950/Laurence-Burke-Nationwide-Lending-Group-Mortage-Broker-refinacing-ripoff-Monroe-New-York-224045. 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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