Complaint Review: David Weekley Homes - Charlotte North Carolina
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- Author Confirmed
- David Weekley Homes 205 Regency Executive Drive Charlotte, North Carolina U.S.A.
- Phone: 704-529-0300
- Web:
- Category: Builders & Contractors
David Weekley Homes ripoff dishonest make you use their own mortgage company to receive incentives then change payment amount days before closing Charlotte North Carolina
*Consumer Suggestion: Mortgage fraud
Show customers why they should trust your business over your competitors...
In order to get $7000 in builder incentives you have to use their mortgage company. I was quoted a payment (good faith offer) of $1,700 a month. Three months later just before closing they told me payment was going to be $2,200. They also falsified my loan application and stated that I had $3.4M in assets. Totally False. I could'nt afford the increase in payment and they told me "too bad" and kept my $3,000 deposit.
Rob
Statesville, North Carolina
U.S.A.
This report was posted on Ripoff Report on 06/27/2007 10:29 AM and is a permanent record located here: https://www.ripoffreport.com/reports/david-weekley-homes/charlotte-north-carolina-28217/david-weekley-homes-ripoff-dishonest-make-you-use-their-own-mortgage-company-to-receive-in-257191. 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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#1 Consumer Suggestion
Mortgage fraud
AUTHOR: Cindy - (U.S.A.)
SUBMITTED: Wednesday, June 27, 2007
Report builders' mortgage fraud to the Office of the Inspector General of the US Dept of Housing and Urban Development: hud.gov/offices/oig/index.cfm HUD is losing money because of all the bad loans builders' in-house lenders made during the boom years. Now a lot of those loans are in default. It is illegal for builders to require you to use their lender, it's a violation of the Real Estate Settlement Procedures Act (RESPA). They can offer incentives to use their lender but many are crossing the line and violating RESPA rules. I believe the RESPA regulation is at 24 CFR 3500-15 or somewhere in that general area of the Code of Federal Regulations. Do not let builders tell you that you have to use their lender...and report them if they try to force you.
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