Alabama Pinnacle Homes, The Appraisal Group, Heritage Bank Ripoff Fraud, conspiracy, deceit, theft, cover up Harvest Huntsville Alabama

Hello,

I wrote you and also posted on your site about a company that scammed me for $50,000 on my new house appraisal and in the end I lost the house and everything else because I couldn't sell it when I was without work for a period of time. I initially wrote about the builder/seller. I filed a complaint also with the Appraisers Board for what good it did. Of course all they can do if they find something wrong is punish the appraiser. I am still out $50,000. This was a conspiracy deal between the Mortgager, builder/seller and the appraiser and had I not lost my job and had to try and sell, I would have never known, because it was so neatly hid in the mortgage.

Let me explain what happened and maybe you can point me in the right direction. I don't know why I expect the State or locals to enforce the laws; heck our Federal government don't, so why should they? Our country is headed for dire straits, I am afraid; anyway;

I initially applied for a VA loan back in 2000. I was purchasing a new house along with 25 acres of land. Everything was fine until the last minute and the VA all of a sudden said they couldn't do "farms." Up until then everything was great. At the last minute I ended up with a 80/20 loan. 80% was financed by Heritage Bank and the 20% was carried by the builder/seller, with a stipulation that I would refinance within a year and get it off them. The closing was April/May 7th.The property originally appraised at $210K. I was paying $1243 to the bank and $531 to the builder/seller per month. In April/May 2001 two things happened; I accepted a new job in MN and I also was in the process of re-fi as I had agreed. By this time I actually owed more and it was appraised at approx $225K by the same appraiser, naturally. In the end my payment went up. Anyway, like I said I took a job in MN in April 2001, so we decided we had to sell, because the family was going to move to MN with me. I will make the rest of the story short and get to the point. I was in MN by myself for about 1 year. The reason being the house would not sell. Over a period of time, I had 3 realtors and 2 auctioneers look at my house and property and remember we are talking 11 months to 1 year after the initial closing. Over a period of time all these people told me the same thing; that I would be lucky to get $150-160 max out of the place and they all pointed out the same reasons. I might add that all these "reasons" pre-existed also even before the first appraisal, so it wasn't like these things came up later. In the end, I lost my job in MN after 17 months (government contract canceled). I came back to Alabama jobless and still trying to sell the house, so I maybe wouldn't have to file a Chapter 7. The house never sold, I lost it, my vehicles, my health (heart attack and stroke, 2004 and 2005) and my marriage (29 years). By the time I parted with the house, I owed in access of $240K.

This whole thing was not right and I want to find someone that can help me file a lawsuit against the mortgage company (bank), the builder/seller and the Appraisal Company on a contingency basis. It is not right what they did. They ruined our lives and they need to pay for it. I need some help.

Virgil
Hazel Green, Alabama
U.S.A.