Complaint Review: Hard Equity Financing, Miami, FL
Hard Equity Financing, Miami, FL Rip off deposits, Fake Letter of intent Internet, Florida
*Author of original report: Advance America Property-T Guy Cook
I have been in the lending business for 25+ years now and a very well respected lender in the industry. I sent Hard Equity Financing 2 very legitimate easy to do deals with tons of verifiable equity.
Received a terms sheet, met the conditions, sent in deposit fee for due diligence, appraisal, etc, then nothing?
They simply disappeared, no return phone calls, no return e-mails, nothing, "poof" gone.
Finally after 2 months had passed, I did get a hold of them and was informed the loan was now a turn down for lame reason on a "stip" that I had already been approved for according to their underwriter.
This company may make a legit loan every now and again? Dunno, but I would not risk your clients money or your good name attempting to do any real business with this firm.
It is companies like this that give the private hard money lending industry a bad name and puts the wrong spotlight of attention on us legitimate lenders.
This report was posted on Ripoff Report on 11/15/2012 07:19 AM and is a permanent record located here: http://www.ripoffreport.com/reports/hard-equity-financing-miami-fl/internet-florida-33132/hard-equity-financing-miami-fl-rip-off-deposits-fake-letter-of-intent-internet-florid-969526. 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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