ED Magedson – Founder
Lender Private4915 Rattlesnake Hammock Rd Ste 215 naples, Florida USA
Lender Private AKA Robert Wells/James Spillers Ripoff Up Front Loan Fee naples Florida
Just like your previous complaint in SC; I completed an online application for info on private mortgage lenders with Lending Universe. I was emaild by Robert Wells, who claimed his company Lender Private, makes private mortgage loans at 6%/15 yrs or 7%/30 yrs. I called him and he told me that I most likely would qualify, so I asked him to send me a pre-approval application.
When the application arrived and I was able to read it, I noticed that they are asking for a $250 up front non-refundable fee just to take the application, without even giving you anything in writing regarding downpayment, LTV, penalties, etc... I immediately became suspicious and started searching them online. That's when I found the Rip Off Report site and discovered someone else had already complained about them. Fortunately, I had the benefit of seeing this first and did not send any money.
This report was posted on Ripoff Report on 06/28/2013 07:22 AM and is a permanent record located here: http://www.ripoffreport.com/r/Lender-Private/naples-Florida-34113/Lender-Private-AKA-Robert-WellsJames-Spillers-Ripoff-Up-Front-Loan-Fee-naples-Florida-1062794. 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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