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Report: #672018

Complaint Review: phoenix financial specialists - Capitola California

  • Submitted:
  • Updated:
  • Reported By: Sara — San Francisco California United States of America
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  • phoenix financial specialists P.O.Box 1102 Capitola, California United States of America
  • Phone: 831-464-8990
  • Web:
  • Category: Loans

phoenix financial specialists Eric Lerman, RIP OFF, CHARGED UPFRONT LOAN FEES, NEVER DELIVERED LOAN Capitola, California

*Consumer Comment: Eric Lerman Is an Awesome and Fair Underwriter!

*Consumer Comment: Eric Lerman Is an Awesome and Fair Underwriter!

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    They were listed as a Commercial Lender in the add. Eric Lerman, the owner, signed a contract as a "Consultant" to secure a real estate loan for me.  He charged Thousands of dollars in upfront fees and promised to find us funds from one of many "wealthy investors" that he does business with. 

    Months went by and no funds, no loan, only alot of talk with confusing loan language that I could not understand.  Bad communicator, didn't listen to what my needs were, instead blabbed on and on with some elaborate scheme on how the loan was to be done.

    Never answers the phone, always a machine, and doesnt answer for days or a week. Doesnt answer emails for a week or ever.  when asked a question he acts as if you insulted him and the lecture begins with demeaning remarks and threats of pulling the loan.

     This man makes his money by going from one person to the next charging upfront fees and never intends to close a loan.  I asked for references and he never provided them saying he had already given me that information, which he uses alot.

     BEWARE, DONT USE THIS COMPANY, SCAMMERS, RIP OFF.

This report was posted on Ripoff Report on 12/15/2010 08:49 PM and is a permanent record located here: https://www.ripoffreport.com/reports/phoenix-financial-specialists/capitola-california-95010/phoenix-financial-specialists-eric-lerman-rip-off-charged-upfront-loan-fees-never-deliv-672018. 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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REBUTTALS & REPLIES:
0Author
2Consumer
0Employee/Owner

#2 Consumer Comment

Eric Lerman Is an Awesome and Fair Underwriter!

AUTHOR: Laura - (USA)

POSTED: Thursday, July 16, 2015

I am a Funding Specialist, and have worked with Eric Lerman for a good while now. Eric does not charge "Up Front Fees," Eric Lerman is an Underwriter, and rightly charges very nominal fees to be hired to do his job once he offers a legitimate document to the borrower - which is legal. The borrower then has the OPTION whether to hire the company to perform due diligence, and the underwriting necessary to get to a loan closing.

I personnally have seen him in action on a site visit, and he is phenominal in what he does. He tries every way he can to get the job done, whether the client has done what they were told to do or not!

I have seen this same posting mentioned several times on the Internet, slandering Eric. What you need to be looking for is has there been any lawsuits? Has he been in any trouble by the FBI, CIA, Interpol? The answer is NO, he has not.

The person which posted this has not posted accurate information. He was actually offered a loan by Eric Lerman, and he turned it down. Did he post that information? I believe I did see that somewhere, but not on RipOff Report.

Note that all of the postings on RipOff Report about Eric Lerman say the same thing, and are from one person because that person was mad. These postings cannot be removed. Out of the goodness of his heart, there was no action taken by Eric - everybody has a right to their opinion. However, these postings cannot be removed, and are here forever.

Bottom Line - Eric Lerman is NOT a Scam, he is Safe to use, and so is his company - I've been working with them for a long time now!

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#1 Consumer Comment

Eric Lerman Is an Awesome and Fair Underwriter!

AUTHOR: Laura - (USA)

POSTED: Thursday, July 16, 2015

I am a Funding Specialist, and have worked with Eric Lerman for a good while now. Eric does not charge "Up Front Fees," Eric Lerman is an Underwriter, and rightly charges very nominal fees to be hired to do his job once he offers a legitimate document to the borrower. The borrower then has the OPTION whether to hire the company to perform due diligence, and the underwriting necessary to get to a loan closing.

I personnally have seen him in action on a site visit, and he is phenominal in what he does. He tries every way he can to get the job done, whether the client has done what they were told to do or not!

I have seen this same posting mentioned several times on the Internet, slandering Eric. What you need to be looking for is has there been any lawsuits? Has he been in any trouble by the FBI, CIA, Interpol? The answer is NO, he has not.

The person which posted this has not posted accurate information. He was actually offered a loan by Eric Lerman, and he turned it down. Did he post that information? I believe I did see that somewhere, but not on RipOff Report.

Know that all of the postings on RipOff Report about Eric Lerman say the same thing, and are from one person because that person was mad. These postings cannot be removed. Out of the goodness of his heart, there was no action taken by Eric - everybody has a right to their opinion. However, these postings cannot be removed, and are here forever.

Bottom Line - Eric Lerman is NOT a Scam, he is Safe to use, and so is his company - I've been working with them for a long time now!

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