- Report: #112515
Report - Rebuttal - Arbitrate
Complaint Review: Money Tree Mortgage
Money Tree Mortgage1337 S Fountain Drive Olathe, Kansas U.S.A.
Money Tree Mortgage ripoff - home mortgage loan - approved and disappeared! Olathe Kansas
One of the things that attracted me to this was the fact that the $300 would be applied toward the first mortgage payment once I closed on a house. Also, I had worked with Money Tree Mortgages (I guess not the same one!) on the purchase of a manufactured home several years before, so I trusted the name.
Remember that I was trying to re-establish my credit after a bankruptcy. Two days later I received a call from Russ telling me that I had been approved for $60k and that I now had to send the $300 for being approved or face charges for receiving services without paying for them! Needless, to say I was terrified of my credit be sent bad again, so I made arrangements for my bank to send them the money.
I received my loan paperwork via email with instructions on how to print it up (in adobe) and to review it; send it back with various copies of w-2's, income statements, etc. I did not have the means to print it in legal format at the time and had just signed a one-year lease for an apartment.
I am now in a position to update my loan application, buy a house and get on with my life. Imagine my surprise when I can no longer get in touch with my mortgage company! All phone numbers and email addresses are no longer valid! I unfortunately am one of those people who have lost their origination fee of $300. Now I have to start all over again trying to find a mortgage for the home I have found to buy!
This report was posted on Ripoff Report on 10/12/2004 08:03 AM and is a permanent record located here: http://www.ripoffreport.com/r/Money-Tree-Mortgage/Olathe-Kansas-66061/Money-Tree-Mortgage-ripoff-home-mortgage-loan-approved-and-disappeared-Olathe-Kansas-112515. 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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