Complaint Review: Bismark Mortgage Company - Bellevue Washington
- Bismark Mortgage Company 10500 Northeast 8th Street, Suite 700 Bellevue, Washington U.S.A.
- Phone: 425-283-5000
- Web:
- Category: Mortgage Companies
MsBismark Mortgage Company rip-off! Liars! Bellevue Washington
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First, we obtained a loan from Bismark mortgage using our new home as collateral to support building project. Later, we needed a second loan and used another piece of property we owned as collateral. We discussed the issue of not agreeing to comingling the loans. Bismark agreed.
We scoured the contract thoroughly to assure ourselves that this would not happen and signed the contract. Several months later we went to pay the smaller loan off and they told us we would have to pay the total for both loans off then. They auctioned off one property and forclosed on the other.
We sought legal advice and were counseled that it was in our best interest not to fight it even though it was clearly wrong, and walk away. We kept tabs on that company and learned they were forclosing on 40 properties per month at that time (1993/84) and that they were operating just this side of the law. Any information would be appreciated.
Maryellen
Spokane Valley, Washington
U.S.A.
This report was posted on Ripoff Report on 07/15/2004 09:53 AM and is a permanent record located here: https://www.ripoffreport.com/reports/bismark-mortgage-company/bellevue-washington-98004/msbismark-mortgage-company-rip-off-liars-bellevue-washington-99048. 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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