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Report: #124865

Complaint Review: Nations Choice Mortgage - Gilbert Arizona

  • Submitted:
  • Updated:
  • Reported By: Redondo Beach California
  • Author Confirmed What's this?
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  • Nations Choice Mortgage 3303 E Baseline Rd, Bldg 7, Ste 118 Gilbert, Arizona U.S.A.

Nations Choice Mortgage is shady! DO NOT DEAL WITH them! They did not honor their Good Faith Estimate. Rip-off! Gilbert Arizona

*Consumer Comment: If a mortgage company...

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I initiated a mortgage loan with Nations Choice mortage on 11/29/04 with a Good Faith Estimate of 5.5% interest rate and no points and a promise by Paul Green to get everything done in 30 days. I sent back all of the paperwork in a timely matter and waited.

A week before we were to close, a called Paul to get the loan documents so we could get funded on time. He assured me everything was fine and that all the paper would be ready "tomorrow or the next day". This went on between myself, my real estate agent and Paul for several more days with no loan documents given to us.

Finally, ON THE DAY OF CLOSING, as I'm packing to move, Paul Green calls me in the morning saying that we have a problem. They now tell me I have to pay an extra 1/2 point because our home is listed as a condo rather than a townhome and that I recently switched jobs. Being a physician, my income level is not an issue. Plus he knew all this information the week prior when I spoke with him when he had said everything was going well.

This folks, is a SCAM. On the last day of your escrow, when you are desperate to close, they hit you with these phony reasons and add an extra 1/2 point. What choice do I have at this point? I paid the 1/2 point and am getting in touch with my lawyer as we speak.

Don't let them get you. Don't deal with this shady group. I'm just sorry I didn't read these other rip-off report earlier.

Jason
Redondo Beach, California
U.S.A.

This report was posted on Ripoff Report on 12/29/2004 10:52 AM and is a permanent record located here: https://www.ripoffreport.com/reports/nations-choice-mortgage/gilbert-arizona-85234/nations-choice-mortgage-is-shady-do-not-deal-with-them-they-did-not-honor-their-good-fai-124865. 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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#1 Consumer Comment

If a mortgage company...

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

POSTED: Thursday, December 01, 2005

Is not charging you for their services, doesn't that spark a concern right there? Also, half the time that something does not go right in a purchase it is because the realesate agent is lying to the buyer or the loan officer/broker. Also, a good faith estimate is just that an "estimate". Half the time the loan officer/broker is trying to uphold what the realestate agent told the buyer-especially when the buy was reffered to the loan officer/broker by the agent, and the loan officer/broker is always the one being blamed. I have been doing mortgages for both a lender and a broker for sometime now, and I have only seen the GFE look the same at closing 5% of the time.

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