ED Magedson – Founder
New Energy Finance LLC1841 Broadway, Suite 802 New York, New York USA
New Energy Finance LLC SUPPOSED FINANCE COMPANY FOR PURCHASE OF TIMESHARE FOR BUYERS WHO CANT GET CREDIT New York New York
We received a call asking if we wanted to sell our timeshare. Guy said it is perfect time of year due to tax refunds and our area was in high demand. Stated company was a finance company that specialized in obtaining loans for high risk buyers or people with bad or no credit. Offered us higher than market value for timeshare but we had to pay closing costs of $1900. He sent us actual signed document by supposed buyers. We became suspicious when money had to be sent by money order before transaction could occur. We realized when selling property, the seller never pays for closing costs. We asked if we could use an independent mortgage firm, PayPal or some other secure payment. We never received a call back, or email, when previously, salesman was readily available. Thank goodness we realized they are a rip off. 1) Unsolicited inquiry to timeshare/property not on the market 2) Offer was above going rate 3) Asked for cash up front. Beware of New Energy Finance. Since new energy is the newest marketing idea, their name is timely and misleading.
This report was posted on Ripoff Report on 04/26/2014 07:14 AM and is a permanent record located here: http://www.ripoffreport.com/r/New-Energy-Finance-LLC/New-York-New-York-10023/New-Energy-Finance-LLC-SUPPOSED-FINANCE-COMPANY-FOR-PURCHASE-OF-TIMESHARE-FOR-BUYERS-WHO-1141880. 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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