- Report: #985846
Report - Rebuttal - Arbitrate
Complaint Review: Quicken Loans
Quicken LoansInternet United States of America
Quicken Loans Daniel Levy Quicken Loans Scams online applicants: $500 Internet, Internet
*UPDATE Employee: Quicken Loans
*Author of original report: I am retracting this complaint.
*Author of original report: I asked Ripoff Report to remove my complaint
*Author of original report: Quicken Loans $500 scam
improvements. I had valued my house, conservatively, upon applying with Quicken at $120,000. Just this past summer, I had considered selling the house, and I had numerous realtors begging me to let them list it for $135,000. The "appraiser" stated there had been "no improvements to the property within the last 15 years." This is certainly a blatant lie.
I've contacted the person with whom I made the beginning of the loan process with my displeasure.
Here is the letter I sent him:
TO: DanielLevy?@QuickenLoa?ns.com (DanielLevy@QuickenLoans.com) Add to contacts 12/20/12
I am very displeased with the appraisal, done by Dennis Allen. He valued my house at $89,000, and stated in the appraisal that there had been "no improvements to the property in the last 15 years.
This is certainly not true. I have invested at least $40,000 in improvements during the last 6 years. When I purchased the house, I paid $87000 for it 6 or 7 years ago. At that time, the previous owners had just put on a new roof for $6000.
As I said, I'm very unhappy about this. I gave your company $500 in good faith, knowing my property is worth the amount of at least $120,000, which I stated to you. This past summer, I had considered selling my house, and I had several realtors begging me to let them list it for $135,000.
I have read, online, a lot of complaints about your company's practice of collecting $500, then coming back with a ridiculously low appraisal, thus causing applicants to lose their deposit. My complaint will be among them, and will result in your being contacted, as well as this "appraiser" you have working for you.
I'm an honest person. I take great care in maintaining good credit, and I've been a conscientious homeowner.
I really regret contacting Quicken Loans online. Had I gone to a local bank, I would not be out $500 as a result of this scam appraisal.
If I find a class action suit regarding your practices of bilking folks like me out of their money, I'll be joining it.
ActionsDanielLevy?@QuickenLoa?ns.com (DanielLevy@QuickenLoans.com) Add to contacts 12/20/12
This report was posted on Ripoff Report on 12/22/2012 09:26 AM and is a permanent record located here: http://www.ripoffreport.com/r/Quicken-Loans/internet/Quicken-Loans-Daniel-Levy-Quicken-Loans-Scams-online-applicants-500-Internet-Interne-985846. 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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