On December of 2011, my daughter had spoke with John Faracco, Owner of Meadowbrook Financial Mortgage Bankers Corp in Baldwin, NY about a Refinance he said would take about 90 days to close. We saw one of his ads online and at first he sounded like a good, honest man who wanted to help us lower our mortgage payment. He told us how much he cared and how he would devote all his time to helping us after my husband passed away 2 months ago in a car accident.
My daughter had faxed all the required documents and a certified check for $9,500 made out to Meadowbrook Financial that was supposed to be put in escrow with their closing attorney and not to be cashed until closing. However the check was cashed on 1/6/12 prior to closing and from that point on we have not been able to get in touch with Mr. Faracco or any of his associates. We have made several phone calls to this company that consider themselves (Professionals) and they will not even as much return our phone calls. They reply to us with generic emails and claim to always Be Busy with more important clients and that if we ever wanted to see our money again we Better start acting like adults instead of children, otherwise you can sue us because we eat those everydayclearly knowing that money was our entire life savings.
My daughter explained to him that no one has contacted us to go over our information & that we just wanted our money back and they could keep the upfront fees they charged us for the consultation. He said he would contact us back after he pulled our info and still yet no response after 2 months of going back and forth by email.
We contacted Meadowbrook Financial on 2/1/12 and told them I was trying to reach a Manager but since I could not get a response I finally got Mr. John Faracco on the phone after I told him we were contacting the Attorney Generals Office, He said that there was no need to get anyone else involved. I am giving them until 3/2/12 to act on this issue and if not I will be contacting them to let them know I will be filing a lawsuit against their company for impropriety of funds. I would never recommend this company to any descent person.
I pray that everyone who has been ripped off will reap the benefits they deserve due to the lies we have been fed. I will be contacting an Attorney and a Local News Station to see if they have Sister Stations who can Broadcast this around the state.