• Report: #147954

Complaint Review: MONEYTREE MORTGAGE

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  • Submitted: Wed, June 29, 2005
  • Updated: Mon, October 22, 2007

  • Reported By:LAREDO Texas
MONEYTREE MORTGAGE
1337 S. FOUNTAIN DR. OLATHE, Kansas U.S.A.

MONEY TREE MORTGAGE RIPOFF, MONEY TREE MORTGAGE STOLE $300 FROM ME, AFTER THEY TOLD ME THEY COULD HELP PURCHASE A HOUSE. OLATHE Kansas

*Consumer Comment: Company has resurfaced in NC

*UPDATE EX-employee responds: It's all in the spelling...One word or Two..

*Consumer Comment: NOTICE TO READERS - MoneyTree Mortgage based out of Woodstock Georgia is in NO WAY associated with MoneyTree Mortgage out of St. Louis, MO.

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THIS MORTGAGE COMPANY CALLED MONEY TREE MORTGAGE STOLE $300 FROM ME & I WANT MY MONEY BACK!

I Applied for a home loan with this people, they said we need a $300 from you & we will gladly help you purchase a house.

I paid them by bank draft & they cashed it right away. But, one problem. They Did Not Help Me!

I Want My Money Back From This People!

Juan
LAREDO, Texas
U.S.A.

This report was posted on Ripoff Report on 06/29/2005 01:54 PM and is a permanent record located here: http://www.ripoffreport.com/r/MONEYTREE-MORTGAGE/OLATHE-Kansas-66061/MONEY-TREE-MORTGAGE-RIPOFF-MONEY-TREE-MORTGAGE-STOLE-300-FROM-ME-AFTER-THEY-TOLD-ME-THE-147954. 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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REBUTTALS & REPLIES:
0Author 3Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Company has resurfaced in NC

AUTHOR: Sue - (U.S.A.)

I applied on line for a work at home business. Upon researching the company located these rip off reports. Company is now called EHomes. I was able to locate information on both Todd & Randy Webster, whom called me to discuss their business further. I do have their DVD and booklet in my possession. I fear that they will find someone in NC to open up this business to only again rip off more consumers. I do have a phone number for the contact person should any one wish to have it. Federal Express envelope appears to have come from TX.
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#2 UPDATE EX-employee responds

It's all in the spelling...One word or Two..

AUTHOR: Steve - (U.S.A.)

I worked for a "Money Tree" Branch in 1996. They were thieves as well and that is why I quit.

I think the difference is in the spelling of the name. The one I worked at was 2 words. I also believe that these are independently owned franchises.

Juan, what exactly did that $300 represent? We used to get credit report fee and appraisal fee up front, and back then it was $325. It was clearly identified as non refundable.

There was no application fee or advance fee on the loan itself.

However, it was a shady operation and I only lasted 4 months. I can't rip people off and put them in a worse situation with a new loan.

You might want to check with the banking commission there in TX to get some info on them and what is allowed as far as advance fees go.

I think TX only allows actual cost of credit reports to be charged as an up front cost.
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#3 Consumer Comment

NOTICE TO READERS - MoneyTree Mortgage based out of Woodstock Georgia is in NO WAY associated with MoneyTree Mortgage out of St. Louis, MO.

AUTHOR: Damon - (U.S.A.)

I would like to point out that MoneyTree Mortgage based out of Woodstock Georgia is in NO WAY associated with MoneyTree Mortgage out of St. Louis, MO.

I would also like to point out that any mortgage company charging an "application fee" should be questioned.

If you are looking for honest, sincere mortgage advice I encourgage you to give us a call and experience the difference of a Trusted Mortgage Advisor.

Regards,
Damon Remy
Director Operations
MoneyTree Mortgage
St. Louis, MO

http://www.moneytreemortgage.biz

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