ED Magedson – Founder
James Sinclair & Associates264 S. La Cienega Blvd. #342 Beverly Hills, California USA
James Sinclair & Associates - James Sinclair - Beverly Hills, Ca. presented themselves as a legitimate lending resource...charged a $275 processing fee...at the last minute, changed the terms of the contract Beverly Hills California
I attempted to use James Sinclair's lending service to purchase a home..he requires a $275 processing fee before the process can begin...paid the fee...loan was for 175k...put up 450k in collateral...two days before the closing, he changed the terms of the agreement to require a 35k down payment and he was still going to charge his points and interest on the 35k down payment...we were being required to pay points and interest on our own money!...and he conveniently didn't reveal this "change" until 2 days before the scheduled closing date thinking we would be "stuck" and forced to accept his terms...who in their right mind would pay points and interest on their own money?
This guy is a total scam and almost caused us to lose our deposit...we had to get an extension on the closing in order to make other financing arrangements. Stay away from James Sinclair & Associates!
This report was posted on Ripoff Report on 03/11/2014 11:33 AM and is a permanent record located here: http://www.ripoffreport.com/r/James-Sinclair-Associates/Beverly-Hills-California-90211/James-Sinclair-Associates-James-Sinclair-Beverly-Hills-Ca-presented-themselves-a-1129888. 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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