X
What do hackers,
questionable attorneys and
fake court orders have in common?
...Dishonest Reputation Management Investigates Reputation Repair
Free speech rights compromised

WATCH News
Segment Now
Ripoff Report | Econohomes Review - , Internet - Econohomes red alert
Ripoff Report Needs Your Help!
X  |  CLOSE
Report: #734673

Complaint Review: Econohomes - Internet

  • Submitted:
  • Updated:
  • Reported By: Anonymous — Burlingon Vermont United States of America
  • Author Not Confirmed What's this?
  • Why?
  • Econohomes Internet United States of America

Econohomes Red Alert Predatory Lending, Internet

*Consumer Comment: EconoHomes - Wholesale Pricing

Show customers why they should trust your business over your competitors...

Is this
Ripoff Report
About you?
Click here now..

Please do the math before financing through this company.  They prey on people who can not get traditional financing.  At 18% and more than 10% in closing cost on a 6 month loan you are paying at least 35% APR on a house that is not that great of a buy anyway.  You can find similar houses through a realtor that can be financed with an FHA loan or through a local bank.  These guys take advantage of people who have no other options or do not understand financing.  Please do your research before buying.

This report was posted on Ripoff Report on 05/29/2011 09:41 PM and is a permanent record located here: https://www.ripoffreport.com/reports/econohomes/internet/econohomes-red-alert-predatory-lending-internet-734673. 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

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Updates & Rebuttals

REBUTTALS & REPLIES:
0Author
1Consumer
0Employee/Owner

#1 Consumer Comment

EconoHomes - Wholesale Pricing

AUTHOR: JBurns - (United States of America)

POSTED: Thursday, June 02, 2011

Your posts complain about high interest rates with econohomes.  First of all they are not a finance company.  The prefer to sell their properties for cash.  They do offer short therm financing for investors, but the term is only 9 months!  This is offered to allow investors who may not have the entire cash price up front and give them a opportunity to fix and flip properties.  As per their pricing, i have referred a lot of investors and individual homeowners to Econohomes and highly recommend them.  Their pricing is way below the current market values!  Some of their properties will require some fixing up, others may be move in ready. I personally do not recommend the short term financing, however with the prices they have the property priced at most serious investors don't need it.  I am sorry that you most likely did not have the funds to purchase the property you wanted, and hopefully in the future you will be able to get into the fix and flip market, the time has never been better.  If you would like more information regarding EconoHomes, feel free to give me a call 719 214-7262.

Respond to this report!
What's this?
Featured Reports

Advertisers above have met our
strict standards for business conduct.