ED Magedson – Founder
Hard Equity FinancingInternet USA
Hard Equity Financing Scam Shell of a company with no money to lend or Staff Internet
ON or around 30 April my loan was brokered to Hard Equity Financial. It was a short closing date of 7 May. We had a phone call w/ David Bozo Erante about the loan and short closing date. He said no problem. We later got a call from our Mtg Broker indicating there would be a $200 fee to expedite the loan. So we paid the fee.
Then there was silence for 3+ weeks from Hard Equity Financing. They never returned a phone call, email, fax. Nothing. I even send them the HUD on 6 May for the closing on 7 May just to see if I got any kind of reaction. Again dead silence. We were able to close w/o Hard Equity Financing on 7 May.
When the broker found out we had closed on the property she assumed it was because of HEF. She was shocked to find out that these guys never corresponded w/ us after that 1st call.
Then 3 weeks later we receive an email from Hard Equity Financing dening the loan. Funny thing about the envelope and the letter. The letter is dated 7 May, while the envelope is stamped 20 May. Thsi fool created a letter w/ a phony underwriting criteira the day he sent out the letter but he back dated it to 7 May.
These guys should be shut donw.
This report was posted on Ripoff Report on 05/25/2013 01:05 AM and is a permanent record located here: http://www.ripoffreport.com/reports/hard-equity-financing/internet/hard-equity-financing-scam-shell-of-a-company-with-no-money-to-lend-or-staff-internet-1053749. 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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