Report: #251227

Complaint Review: Autumn Leaf Real Estate Investment Club - United Mortgage - Gulfstream Development - Temecula California

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Ripoff Report is Xcentric Ventures

Submitted: Wed, May 30, 2007
Updated: Wed, May 30, 2007
Reported By: — Hemet California

Author Confirmed

Why?

Autumn Leaf Real Estate Investment Club - United Mortgage - Gulfstream Development Business Park Drive,Unit201 Temecula, California U.S.A.

Phone: 951-693-5870
Web:
Category: Realtors

Autumn Leaf Real Estate Investment Club - United Mortgage - Gulfstream Development Real Estate Rip-off. Working with the builder and Mortage co. to inflate appraisals to get financing approved and houses sold Temecula California

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A Florida property was purchased for approx.$250,000 by the time they completed the house the price was up to $270,000. But their appraisal came in at $310,000. I still felt that i could flip this house and make a small profit. But then i had an independant appraisal done and it came in at $230,000.

I contacted all the people involved but receive no advice except my appraisal was wrong. I still have not heard a word from United Mortage to let me know if i was approved or not for this loan. now i am in foreclosure.

Richard
Hemet, California
U.S.A.

This report was posted on Ripoff Report on 05/30/2007 12:35 PM and is a permanent record located here: https://www.ripoffreport.com/reports/autumn-leaf-real-estate-investment-club-united-mortgage-gulfstream-development/temecula-california-92595/autumn-leaf-real-estate-investment-club-united-mortgage-gulfstream-development-real-es-251227. 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. READ: Foreign websites steal our content

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