Complaint Review: LSI Mortgage Plus
LSI Mortgage Plus Bait and switch is the order of the day! Internet
Then, at the last minute, the mortgage broker says buy more insurance for home. I did. Closing documents arrive with notary...no time to review. Big surprise? Lender has prepared quit claim deed for me to sign, forcing me to quit claim premarital property into joint tenancy. No word of such a requirement PRIOR TO CLOSE. PREVIOUS TWO LENDERS DID NOT REQUIRE IT. Not legal either.
Mortgage broker says sign everything because there is a 3 day right of recission. Notary tells us he is wrong. NO RIGHT OF RECISSION in refinance of a rental property. DO NOT WASTE YOUR TIME AND MONEY WITH THESE PEOPLE! I lost the opportunity to refinance when rates were at an all time low because I believed the BS. Should know better...I am a REALTOR! Would never, ever recommend anyone use this lender.
This report was posted on Ripoff Report on 01/13/2012 04:01 PM and is a permanent record located here: http://www.ripoffreport.com/reports/lsi-mortgage-plus/internet/lsi-mortgage-plus-bait-and-switch-is-the-order-of-the-day-internet-822419. 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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