ED Magedson – Founder
Lend to America6355 Topanga Canyon Blvd #100 Woodland Hills, California USA
FRAUD and SCAM ALERT - Lend to America FRAUD, SCAM Woodland Hills California
Do not work with Lend to America or Michael Weisburg ever!!! Major shady, unethical, and maybe illegal practices happening at Lend to America To start my story, I was in the market for a jumbo home loan and was referred to Michael Weisburg through a reputable source and things seemed fine upon first conversations but quickly took a turn for the worst. To start things off, Michael Weisburg stated that he could not approve jumbo loans in-house and "referred" me to an outsider lender which means he basically didn;t do anything for me.
As a string attached to the referral, Michael Weisburg says that in order for him to give me the contact info to his referral I must sign a document saying that I will pay him almost a $9,000 referral fee in the case I use his referral to close my loan. He also stated that they would take that amount out of the loan costs so I don't pay that fee twice. Well fast forward ahead and I decide not to use Michael or lend to america's loan referral and decided to use my own loan officer to get my loan through.
I moved forward to close escrow and received a notice from the escrow company that Michael Weisberg was trying to demand payment for his referral fee even though I didn't use his referral. Michael attempted to collect his fee and stop the escrow from closing the deal. Lend to America sent me emails harassing me and trying to collect payment for services that were not rendered. His attempts were unsuccessful so far and I would pay $9,000 in lawyer fees to fight this crook befor giving these criminals my hard earned money. Please stay away from Lend to America and Michael Weisburg for your own sake!!! Very shady business practices!!! I encourage anyone who has been scammed by this con man to contact their bank and lawyer to make sure they are not swindled out of any money from this guy!!!
This report was posted on Ripoff Report on 05/07/2013 01:34 PM and is a permanent record located here: http://www.ripoffreport.com/r/Lend-to-America/Woodland-Hills-California-91367/FRAUD-and-SCAM-ALERT-Lend-to-America-FRAUD-SCAM-Woodland-Hills-California-1049116. 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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