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Report: #363292

Complaint Review: First Alliance Home Mortgage - General Manager (William Fort) - Bayonne New Jersey

  • Submitted:
  • Updated:
  • Reported By: Clifton Park New York
  • First Alliance Home Mortgage - General Manager (William Fort) 779 Broadway # 1 Bayonne, New Jersey U.S.A.

First Alliance Home Mortgage Practices Predatory Lending And Hefty Mortgage FraudFirst Alliance Home Mortgage - General Manager (William Fort) This company actively engaged me and my fiance to scheme us out of money Bayonne New Jersey

*UPDATE EX-employee responds: Sam ..

*Consumer Comment: First Alliance Home Mortgage was 100% honest with me. It was the seller who tried to rip me off.

*Consumer Comment: This issue has been and will be handled properly

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Back in 2006 I moved to Bayonne, NJ from Jersey City, NJ with my fiancee and we had no money, we were very broke, I wasn't making enough and neither was she. So I met up with a guy (who by the way, is the owner of an establishment in Bayonne, NJ called Jersey Carpet located on Broadway Street) on Craigslist.org who goes by several different names (Amin Khan, Mohammed Khan, etc.) and he rented out a place to me (this place was literally 460 square feet and he was charging me $1100 a month) but it was all I could find and even though it was going to be tough paying for it, I agreed and began renting from this guy. After about a month or so, the owner of the condo began to pressure me into buying the condo or fear eviction with empty statements that he had 15 buyers that would close on it but he liked me so he would let me have the first crack at it (of course). So he allowed me to rent - to - own the condo and he had told me he would put all of the rent I paid him towards my initial down-payment of the condo.

So not earning enough money to afford the huge deposit on another apartment I felt like I had no choice but to entertain this offer from him.

So after a month of falling short on my rent, he finally pressured me to start the paperwork very early on buying the condo from him so, naturally, I did just that.

Here is what the purchasing process detailed:

I met w/ the general manager of First Alliance Home Mortgage, William Fort who manages the Bayonne, NJ branch. We began the paperwork to purchase. He ran a credit check on both myself and my fiancee, we both had bad credit and no assets so the reports did not look too good naturally.

Then comes in the process managed by Bill Fort for the paperwork...

Bill and Amin Khan (the owner of Jersey Carpet located on Braodway street in Bayonne, NJ) made some pretty dubious statements about my fiancee's work history... they reported to their bank that she had worked at his carpet store for 2 years to give her a long history of sustained work with reliable liveable wages (keep in mind, I had no idea who these to guys were 2 months ago neither did my fiancee) so the bank would process the loan. Bill Fort and Amin Khan also arranged for a paid off appraiser (who they both knew who they had stated works with them all the time) to come in and appraise the value of the $80,000 true market condo at a little over $200,000. They also somehow tried to trick the title search of the condo into not showing over $50,000 of leins (consisting of back property taxes, the monthly condo fees from the condo association and the lack of payments on just about everything else). The only way I knew is because the president of the condo association called me and told me that I crazy for buying a condo with all these leins on it and she would not release the deed, etc. without our express permission so naturally we said no and she did not release it.

So I called both Bill Fort and amin Khan and told them there is no way we were going to sign off on this because it would destory us financially and legally.

I got a fax at my office at the time from Bill Fort and Amin Khan with my fiancee's signature forged on the document and they were requesting that I sign it so they could process the loan with their bank.

The thing that drives me crazy is the fact that even though I reported all the illegal things these guys have done (and at the time, Amin Khan and Bill Fort assured me that they've done these types of illicit deals with at least 20 other buyers in the past) to the NJ state Attorney General and I met with two detectives at the Supreme Court Building in Jersey City, NJ, nothing was EVER done about it. These two have single handedly defrauded US Bank of millions and millions of dollars and they've broken numerous federal and state laws going about the process of buying cheap, foreclosed properties, never paying the bills, paying off appraisers to overly assess property values on these cheap properties and then selling them and ruining people's credit histories and financial futures, fixing deals and taking part in very agressive predatory lending practices.

PLEASE SOMEONE PUT THESE TWO GUYS IN JAIL, IT'S INDIVIDUALS LIKE THIS THAT ARE RUINING THE BANKING AND LOAN SYSTEM WE HAVE SET UP IN OUR COUNTRY.

I WILL PERSONALLY TESTIFY IN COURT, I WILL GO ON A TELEVISED INTERVIEW, I STILL HAVE ALL OF THE DOCUMENTATION PROVING MY CLAIMS. IF NO ONE STOPS THESE TWO THEY WILL CONTINUE TO RIP OFF THE US GOVERNMENT AND THEY WILL RUIN PEOPLE'S LIVES... PLEASE SOMEONE HELP DO THEM JUSTICE...

THIS IS A PRIME EXAMPLE OF MORTGAGE AND IDENTITY FRAUD AND AT THE EXPENSE OF INNOCENT PEOPLE THESE TWO AND THEIR COHORTS HAVE GARNERED MILLIONS OF DOLLARS...

Gamal
Clifton Park, New York
U.S.A.

This report was posted on Ripoff Report on 08/15/2008 12:26 PM and is a permanent record located here: https://www.ripoffreport.com/reports/first-alliance-home-mortgage-general-manager-william-fort/bayonne-new-jersey-07002/first-alliance-home-mortgage-practices-predatory-lending-and-hefty-mortgage-fraudfirst-all-363292. 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:
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#3 UPDATE EX-employee responds

Sam ..

AUTHOR: Unknown - (USA)

POSTED: Monday, July 24, 2017

 Sam is the OWNER of First Alliance, don't let his rebuttal swat you. They are 100% dirty lying scumbags.

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#2 Consumer Comment

First Alliance Home Mortgage was 100% honest with me. It was the seller who tried to rip me off.

AUTHOR: Sam Khalil - (United States of America)

POSTED: Thursday, November 04, 2010

First Alliance Home Mortgage and Bill were 100% honest with me the whole time.  It was the seller of the property that tried to rip me off.  I have to make sure that the record is clear.  First Alliance Home Mortgage is a wonderful company and the management is great!

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#1 Consumer Comment

This issue has been and will be handled properly

AUTHOR: Gamal - (U.S.A.)

POSTED: Wednesday, October 22, 2008

I am the original author of this report and I am in the process of making a suit against the individual in question who allegedly "worked on deals in the past" with Bill Fort from First Alliance Home Mortgage (when in all actuality FAHM did not knowingly purport a predatory lending scheme, the individual in question, the owner of the condo did). I did my research and followed up with some previous owners of homes the individual in question had flipped and it seems he's done this to others with other mortgage companies so they are also victims here as well.

Let me make this clear... First Alliance Home Mortgage DID NOT knowingly try to rip off home buyers and they did not try to rip me off either. It seems that the owner of this condo I spoke of has done this with other people so I am now making my case against him for further legal review.

I wanted to retract this original review but I'm not sure if that would happen or not so I'd like to set the record straight and let everyone know that this was NOT First Alliance Home Mortgage's act, this was perpetrated by the individual I mention who I was trying to buy the condo from originally.

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