- Report: #741194
Report - Rebuttal - Arbitrate
Complaint Review: West Coast Funding, Inc
West Coast Funding, Inc1001 16th Street Independence Plaza B-180 Ste 154 Denver, Colorado United States of America
West Coast Funding, Inc Rodney Peterson Fresh Start Division Scammed me out of $5000.00 Denver, Colorado
*Author of original report: Runing but can't hide
*Author of original report: Additional Information
*General Comment: I am not that Rodney Peterson
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I paid the "retainer" fee of $5000.00 and two days later he emailed me some documents with "soft terms." He said that this came from "the underwriter" and that I had the option to negotiate these terms. I did negotiate the terms and got approval from the "underwriter" that all was agreed to.
Next, Peterson told me that I must send $2500 to "the underwriter" who apparently was the "lender" as well. Also, it was suggested that if I wanted to rush the closing to 12 days I would pay an additional $900. I sent "the underwriter lender" $3400. [continued below]....
Each time I sent documents to him, he sent an acknowledgement that they were all received. He stated in the agreement that our closing date would be May 31st. When May 31st, came nothing from him. 2 days later he said that he was still missing 2 documents which I sent to him immediately and he said they were wrapping things up and about to close. Never happened.
Finally the title company warned us that they still haven't heard from Erante and that they MUST receive documentation from him no later than the 14th of June. Still nothing from Erante. Rodney Peterson kept saying it was not unusual for Erante to wait to the last minute. Still no funding was made available.
So, I went into default. Now the seller wants to sue me for not being able to perform and Peterson and Erante are no where to be found. Do not do business with Rodney Peterson of West Coast Funding, Inc of Denver nor David Erante of Hard Equity Financing of Miami. Obviously they are working together to scam potential buyers out of upfront money.
Do not be fooled by what you see on the internet with Peterson. He claims to have a pristine reputation and claims to have done several deals with Erante. Run the other way! Not one penny has been refunded and the there was never a loan. In contacting the authorities I have been told I am a victim of an Advance Fee Loan scam.
This report was posted on Ripoff Report on 06/15/2011 03:10 PM and is a permanent record located here: http://www.ripoffreport.com/r/West-Coast-Funding-Inc/Denver-Colorado-80265/West-Coast-Funding-Inc-Rodney-Peterson-Fresh-Start-Division-Scammed-me-out-of-500000-De-741194. 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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