Loan Depot $425 appraisal scam Internet

Although I read the online bad reviews my husband insisted upon moving forward. Just as the other reports stated the Loan Depot will take your credit card informaiton on the first call, tell you they will charge if you need an appraisal. We requested they did not charge unless an appraisal was necessary but they went ahead and charged our card immediately. Two days later we were informed we did not qualify for the loan. They had all our financials withing 24 hours so they could clearly see we did not qualify but ordered the appraisal anyway. No one came out to our house and no refund.

I think this is just a scam to get $425 out of every person who calls in.