ED Magedson – Founder
RV Corral1740 Prairie Road Eugene, Oregon USA
RV Corral Demands Earnest Money Deposit to Initiate Financing; Promises Prospective Buyer Full Refund Upon Failure Of Financing; Refuses to Return Earnest Money Upon Financing Failure! Eugene Oregon
Buyers Beware of "Earnest Money RIP OFF Tactics" of an "Recreational Vehicle Dealer-*RV Corral*located in Eugene, Oregon.
My husband Karl and I visited this RV Sales Business in search of an affordable fifth wheel for us to live in, we selected an 1998 Avion 37.5 foot which was offered for sale as a consignment. We inquired about possible financing and were told that that financing was available. We were notified that we'd have to first pay an up front "Earnest Money Deposit prior to being offered financing, but if it occurred that the financing was not approved that the Earnest Money Deposit would be 100% fully refunded back to us".
We paid an amount of $500.00 per Bank Card Debit immediately on Saturday 03/01/2014 and were given a transaction reciept. The purchase amount was $21,000.00. We left and returned to our home to await a few days as to whether we would be Approved for the financing. We contacted the business on 03/05/2014 and were told that the financing had not been approved due to too low credit score, but they insisted to us that they might be able to get loan approval through a different financer, that they would be able to know an answer by that coming Friday 03/07/2014. We really liked the Avion fifth wheel trailer and so we agreed to wait for an answer per this other financing option.
We did not recieve a call as promised by the end of the business day of 03/07/2014. On Saturday morning 03/08/2014, we contacted the RV Corral and inquired regarding the status of the requested financing and were verbally notified that the financing had not been approved. We were verbally told by the finance handler named Mike that he would reverse the Bank Debit Card Transaction Amount of $500.00 back into our Bank Account that day. Mike asked for the Bank Debit Card Number which had been used to complete the Earnest Money Deposit so that he could return our money to us.
We complied to his request by giving him the information on the Visa Bank Check Debit Card. He told us that the funds should be back in the account that day not to worry. Later that same day in the late afternoon, we checked the balance of our checking account via ATM and discovered that the funds still were not returned into our account! I again made a phone call to ask about our $500.00 refund and the Mike person was extremely rude yelling over the phone at me that I was not supposed to call... Woman! By this Mike, and he immediately hung up on me!
At time of this writing @ 1:38 am 03/09/2014, I'm very worried and distraught as to whether we will recieve our funds back to us?! I'm awaiting the weekend to end come first thing Monday morning when my Bank opens for business hours with hope of resolving this monetary matter. I hope that we won't have to hire an attorney to sue this Deceitful Business to get our money back! I will post later regarding the outcome of this debauchery!
This report was posted on Ripoff Report on 03/09/2014 01:37 AM and is a permanent record located here: http://www.ripoffreport.com/r/RV-Corral/Eugene-Oregon-97402/RV-Corral-Demands-Earnest-Money-Deposit-to-Initiate-Financing-Promises-Prospective-Buyer-1129365. 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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