• Report: #345819

Complaint Review: Steve Ruby/wcs Lending

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Mon, June 30, 2008
  • Updated: Wed, November 12, 2008

  • Reported By:detroit Michigan
Steve Ruby/wcs Lending
24901 Northwestern Highway Southfield,mi/suite 110 Southfield,mi, Michigan U.S.A.
  • Phone: 248-945-4840
  • Web:
  • Category: Realtors

Steve Ruby/ wcs Lending steve ruby ordered an appraisal from jim fish,but once the value came back to low he had the appraisal canceled,i paid for this appraisal upfront to the appraiser,so steve ruby will not reimburse the 300.00 dollars for the appraisal saying he has nothing to do with it . Southfield Michigan

*Consumer Comment: Appraised Value is a moving target

*Consumer Comment: Improper Communication of Appraisal Results

*Author of original report: wcs lending,southfield,mi

*Author of original report: wcs lending,southfield,mi

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

steve ruby had an appraisal ordered and i paid the appraiser on inspection 300.00 dollars at the conclusion,the appraiser jim fish who has recently been indicted did'nt give me response after repeated phone calls for a completed appraisal.So,then i called steve ruby and said the value was to low to complete the loan so he ordered the appraisal canceled,so i asked him would he be reimbursing me my funds for the appraisal that he had canceledl and he said our company doesn't do that.but if had not canceled the appraisal i would still have a completed appraisal even if the value was to low for him to do the loan so i think he should be held liable.

Ryan
detroit, Michigan
U.S.A.

This report was posted on Ripoff Report on 06/30/2008 10:12 AM and is a permanent record located here: http://www.ripoffreport.com/r/Steve-Rubywcs-Lending/Southfieldmi-Michigan-48075/Steve-Ruby-wcs-Lending-steve-ruby-ordered-an-appraisal-from-jim-fishbut-once-the-value-c-345819. 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.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on Steve Ruby/wcs Lending

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
REBUTTALS & REPLIES:
0Author 4Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Appraised Value is a moving target

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

I do not work for WCS but I work in the industry. Ryan, it is typical that the borrower pay for the appraisal. Your lender has nothing to do with the value of your home and it's illegal to dictate value to any appraiser. This is a highly regulated industry. You are, by law, entitled to a copy of the completed report. If the inspection was never done, then you should receive a refund from the appraiser, who has all of the money. Again, do some homework, look up assessed value in your area, on your home, look up local sales too. This should gauge where your value will fall. Even better, work with a lender that has appraisers that will do a "COMP CHECK" prior to you spending a dime. Just because you love your home and think it's the greatest home on the block doesn't mean it will appraise. Take the emotion out of the equation and you'll have a good handle on what you can borrow.
Respond to this report!
What's this?

#2 Consumer Comment

Improper Communication of Appraisal Results

AUTHOR: Florida Appraiser - (U.S.A.)

Appraisers are required to communicate the results of appraisals in writing - in the case of appraisals done in pursuit of a mortgage, it is usually prepared on a FNMA form (FNMA Form 1004 is the most commonly used for single family homes)

From your description, it sounds as if the appraiser gave the mortgage broker a value over the phone without completing the report. This would definitely not comply with the appraisal reporting requirements under the Uniform Standards of Professional Appraisal Practice (USPAP - pronounced "Use Pap"). If this is the case, you should file a complaint with the respective State Appraisal Board (just search google for " appraisal board")

If the appraisal WAS completed, then under Fair Lending Laws the mortgage broker MUST provide you with a full copy.
Respond to this report!
What's this?

#3 Author of original report

wcs lending,southfield,mi

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

adam shapiro ceo of wcs in michigan resolved the issue and i would say his company is a sound company, and he is a man of good integrity, i was refunded the money.Steve ruby on the other hand is a man i would not suggest you do business with, on whole wcs lending is a good company.there leadership handles problems with eloquent tact.
Respond to this report!
What's this?

#4 Author of original report

wcs lending,southfield,mi

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

adam shapiro ceo of wcs in michigan resolved the issue and i would say his company is a sound company, and he is a man of good integrity, i was refunded the money.Steve ruby on the other hand is a man i would not suggest you do business with, on whole wcs lending is a good company.there leadership handles problems with eloquent tact.
Respond to this report!
What's this?
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Advertisers above have met our
strict standards for business conduct.



Ripoff Report Legal Directory