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Report: #665526

Complaint Review: Mortgage Protection Group MPG - Mesa Arizona

  • Submitted:
  • Updated:
  • Reported By: lostmoney — Tucson Arizona United States of America
  • Author Not Confirmed What's this?
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  • Mortgage Protection Group MPG 1223 S Clearview Ave Suite 101 Mesa, Arizona United States of America

Mortgage Protection Group MPG Queen Creek Mortgage Principal Reduction Ripoff Mesa, Arizona

*Consumer Comment: In Same Boat

*Consumer Comment: Addvent Funding

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I went to Mortgage Protection Group in Mesa, AZ and decided to work with them for a principal reduction loan.  I paid them approximately $6000.  At one point they merged with Queen Creek Mortgage.  I began to receive biweekly updates that were vague and useless - all noreply - from AddVent Funding.  When I would contact MPG or my agent they would always respond.  Then I received an email from AddVent Funding informing me that MPG/Queen Creek is out of business, but that all is well because my file is already being processed by AddVent.


Problem:  My contract states that if they can not get the principal reduction within one year, I am entitled to a full refund of the money I paid.  But how will I get that money back now that they are out of business.  My file has been with AddVent for 4 months.

This report was posted on Ripoff Report on 11/26/2010 02:52 AM and is a permanent record located here: https://www.ripoffreport.com/reports/mortgage-protection-group-mpg/mesa-arizona-85208/mortgage-protection-group-mpg-queen-creek-mortgage-principal-reduction-ripoff-mesa-ariz-665526. 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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#2 Consumer Comment

In Same Boat

AUTHOR: UpsideDown12 - (United States of America)

POSTED: Thursday, December 02, 2010

I too am in the same boat. I went to the website for Advent to try and call them and saw the big gold banner on the home page. I read through it (it's a long read) and it pretty much answered any question I had - I am just grateful that they are taking my file in for free and covering the costs.

I did call and spoke to Scott, apparently he's the owner of the company and he explained in even greater detail what's going on, he only asked that I be a little patient since they weren't equipped to handle all of the QCM clients that started calling the day the letters were recevied.

I talked to my attorney and he said that I should file a claim against them since we got a letter of dissolution, but he said that the chances of us seeing a dime are very slim and not to waste too much effort on it.

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#1 Consumer Comment

Addvent Funding

AUTHOR: Lisa - (United States of America)

POSTED: Wednesday, December 01, 2010

Have you been to the Addvent Funding website?  They have a section in there for QCM/MPG customers on their home page.  It was informative and hopefully you will be able to get resolution with them. 

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