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Report: #159113

Complaint Review: Mortgage Express Home Loans - Valley Investment Properties - VIP - Homeland Financial - Fresno California

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  • Reported By: San Jose California
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  • Mortgage Express Home Loans - Valley Investment Properties - VIP - Homeland Financial 1586 West Shaw Avenue Fresno, California U.S.A.

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Mortgage Express of Fresno, CA on Shaw Ave. bullied me into a terrible mortgage loan during the final 3 days of my home purchase. They tacked on unnecessary fees and told me that if I did not accept the interest only loan, pay more points and accept a higher interest rate that I would be sued by them, by the real estate agents and by the seller, and lose my down payment.

It was a horrible experience. The loan officers were Roger Reed, Daljeet Singh and Aaron Hamilton. The real estate officer in charge is Hope Lopez. The broker for both companies is Brian Keith Cortez and his brother John Cortez. They own Valley Investment Properties and Mortgage Express. They use a typical bait and switch routine to get customers to sign an agreement and then towards the final due date of the transaction they tack on high fees and interest rates so that they can make more money, all at the consumers expense.

Currently, Roger Reed is the manager of Mortgage Express and Hope Lopez is the manager of Valley Investment Properties. They frequently work together to get clients to accept deals which rip off the consumer but make them a high profit. They secretly make arrangements between the two companies to rip off consumers and other real estate companies. Roger Reed sends his loan officers such as Daljeet Singh to the Easton swap meets to get poor families to accept high interest rate home loans. Hope Lopez sends Paul Perez to accompany Daljeet Singh at the swap meets.

They frequently violate the laws of the California Department of Real Estate such as illegally referring clients to their loan company and not telling them about other mortgage loan companies. They also violate RESPA, Regulation Z, predatory lending laws and the Truth-in-Lending Act.

I feel sorry for other victims of their scams. Brian Cortez, the broker went so far as to have their bouncer/loan officer come to my house and force me to sign documents under threat of bodily harm. I threatened to call the Fresno Police Dept and they finally backed away but they ripped me off by charging 4 points for a home loan. They made 2 points from the bank as a yield spread premium and 2 points by charging me upfront for the purchase of my $500,000 home.

I was totally ripped off in the final three days of the transaction. They lured me in by saying they would beat everyone's rates and not charge me very much. I was told that they would only make 1 point which would be about $5,000 on the loan which is typical for a home loan company.

In the end they made 4 points or $20,000 on the loan! But once they got me to start doing business with them all of their promises disappeared and the real scam started to unfold. It was a truly horrible experience and I hope no one else has to go through what I went through with this terrible company. Mortgage Express and Valley Investment Properties are committing real estate and mortgage loan FRAUD. The company's address is 5020 N. Teilman, Fresno, CA 93711.

Mortgage Express in Fresno, CA ripped me off on a home loan during the final 3 days of the transaction by adding unnecessary fees and raising the interest rates. They used bullying tactics and lawsuit threats to get me to sign. Consumers need to watch out for the crooks at Mortgage Express.

Frank
San Diego, California
U.S.A.

This report was posted on Ripoff Report on 10/01/2005 12:57 PM and is a permanent record located here: https://www.ripoffreport.com/reports/mortgage-express-home-loans-valley-investment-properties-vip-homeland-financial/fresno-california-93711/mortgage-express-home-loans-valley-investment-properties-vip-homeland-financial-br-159113. 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:
0Author
10Consumer
0Employee/Owner

#10 UPDATE EX-employee responds

Why would Frank lie

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

POSTED: Sunday, February 08, 2009

As you read Frank's report you have to ask yourself why would Frank close this loan if he felt he was being ripped off. Because he was being threatened at his home? which if you didn't catch it is in San Diego, but as Frank states he threatened to call the Fresno police. That makes alot of sense. A crime is occuring at your home in San Diego and your going to call the Fresno P.D. Either Frank isn't very bright or he's just plain lying. Let's determine which. At any signing, a public notary would be present and if they were doing their job would not notarize any document signed under duress, that's the law. Frank fails to mention this notary who would also be in clear violation of the law, why? it's not necessary for what Frank is looking to accomplish here. With all the violations as Frank states you would think that the regulating agencies would have some record, unfortunately for Frank and his story, a check of the records would show not a single violaton. I would suspect that Frank (if that is his true name) is a competing Broker frustrated with his own lack of success, and as I always say "those who can't compete on the field talk smack in the street"

Thank you Frank for your endorsement.

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#9 Consumer Suggestion

Valley Investment Properties and Mortgage Express in Clovis and Sanger

AUTHOR: Gregory Merkowitz - (U.S.A.)

POSTED: Sunday, April 20, 2008

Beware of these crooks! They are now in Clovis and Sanger and the broker is Hope Lopez. They are now preying on innocent victims in small towns. They change locations frequently and have fly-by-night companies.


Their current office addresses are:

10433 E PRINCETON AVENUE
SANGER, CA 93657

644 POLIASKY AVE
STE 100
CLOVIS, CA 93612

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#8 Consumer Suggestion

Beware of Angie Romero, the public notary/loan processor for Valley Investment Properties and Mortgage Express

AUTHOR: Dr. Rollins - (U.S.A.)

POSTED: Sunday, April 06, 2008

Angie Romero is the loan processor for Valley Investment Properties and conspires with the others to committ fraud. She will rush you through the documents, change dates, backdate, leave blanks, not explain your paperwork to you, and threaten you if you do not sign by saying the seller might sue you if you do not sign. During signing, she'll frequently have the bouncer by her side. Beware of this crook!

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#7 Consumer Suggestion

Beware of Angie Romero, the public notary/loan processor for Valley Investment Properties and Mortgage Express

AUTHOR: Dr. Rollins - (U.S.A.)

POSTED: Sunday, April 06, 2008

Angie Romero is the loan processor for Valley Investment Properties and conspires with the others to committ fraud. She will rush you through the documents, change dates, backdate, leave blanks, not explain your paperwork to you, and threaten you if you do not sign by saying the seller might sue you if you do not sign. During signing, she'll frequently have the bouncer by her side. Beware of this crook!

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#6 Consumer Comment

CROOKS AT MORTGAGE EXPRESS OF FRESNO

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

POSTED: Thursday, February 22, 2007

I had the same experience with these crooks. The owner and all his little followers will lie, cheat and steal from you. Stay away from Valley Investment Properties and Mortgage Express of Fresno. They ripped me off too. Thanks to the person that reported this problem to the Fresno community because these crooks need to stop! Watch out for these rude crooks because many of them have changed companies and are coming to a town near you!

Mr. Hamilton actually works as a loan officer for another company in Fresno according to reports. The manager at the company has confirmed that Mr. Hamilton was involved with the company as a beginning loan officer and was later fired. Stay away from this company and these people because they are scam artists! They come and go and end up changing companies after they pull off a scam! Thank God for the original post!

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#5 UPDATE EX-employee responds

David Rocha

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

POSTED: Thursday, October 19, 2006

Now I remember your name and the situation... First of all your not Frank from San Diego your name is David Rocha, Fresno CA. Secondly, I wasn't even involved in the transaction! Daljeet asked me to take these loan documents by your house to have your wife sign them because I lived close to the house you had just bought. You proceeded to tell me to get away from your house due to some confrontation you had with Daljeet earlier that day. I gave the papers to your father and walked away! Your an upset, unethical real estate agent (01128615)with an expired real estate license!!! You take this article down! Or I will sue! I promise you David Rocha!

Then you have some poor guy who owns a mortgage express in Florida feeling sorry for your unscrupulous, dumb a*s who doesn't even know the whole story! David Rocha I'm proud to say that Im happy to know real estate agents that aren't like you! Oh that's right your not an agent any longer! Thank God!

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#4 UPDATE Employee

This report is bogus...

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

POSTED: Thursday, October 19, 2006

This is Aaron Hamilton again. I remember an ex real estate agent of Valley Investment Properties by the name of David who left upset regarding his own real estate transaction he was handling for his wife and himself through Daljeet Singh. If this is David filing something negative behind that transaction... I remember where you live I will get your address expect a call from my lawyer! This article was posted right about the time that transaction took place! The only reason why your mad at me is because I disabled your network access! You either take my name out of this article or expect to hear from my lawyer!

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#3 UPDATE EX-employee responds

Slanderous Comments - I was the IT guy for the company and never involved myself with loan transactions, no longer work for them

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

POSTED: Thursday, October 19, 2006

Frank,
This is Aaron Hamilton. It just so happend that I had been checking the web for my name and found this link to ripoff report and my named thrown in with a company that I no longer work for. I was the IT guy for the company and never involved myself with loan transactions. I know the guys you are referring to and while employeed at mortgage express I heard rumors of unethical activity. My name was probably used by those individuals in order to keep themselves out of trouble. I apologize for whatever may have happen if you feel you were taken advantage of you need to contact the department of real estate. Best regards Aaron Hamilton

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#2 Consumer Comment

MORTGAGE EXPRESS LEGITIMATE IN FLORIDA

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

POSTED: Monday, March 13, 2006

It is sad to hear what you went through. I have to tell you and the readers that every city; every state has a company with the same name as another. A thousand people as their company name can use ABC CORP. Mortgage Express in other states are not affiliated with the group you mentioned. In Florida Mortgage Express are real great people, they can do loans nationwide and they can close in as little as 10 days. I have never had a problem with them and I'm a Realtor, they get me pre-approvals within minutes and my customers never have a problem. They even giveaway awesome vacations at closing, I think that you had a bad experience and I'm sorry but Mortgage Express is in Florida and they are awesome. Two thumbs up from me. Check them out at www.mortgageexpress.us

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#1 Author of original report

BEWARE OF MORTGAGE EXPRESS CROOKS!!

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

POSTED: Saturday, October 01, 2005

THESE CROOKS ARE COMING TO A CITY NEAR YOU!! BEWARE!!!!

Now they are in Clovis, Tulare, San Jose, Bakersfield and Nevada.

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