Nation's Choice Mortgage Linsey Lipsky, Kim Thorpe, Sarah England Scam, Theft, Unlawful, Fraud, Deceitful. "Lie Continuously To Get $$$": That's their motto. Bait and Switch Gilbert, Arizona

With all the lies where do I start?  I will just list them numerically:

1.  Lie:  Lindsey stated this was a "No Cost, No Fee" loan, except for the $495 application fee and $295 appraisal. 

Truth: It is illegal to charge an "application fee" as she called it, prior to the loans completion.  At the end it ended up being part of the 1 point that was charged.  To be completely objective and totally honest, the lender did provide a rebate to offset part of the 1 point, but I spent several hundred dollars out of pocket for closing, in addition to the $495.    

Lie 2:  I questioned Lindsey about the low $395 cost on her "Fees Sheet" for Escrow.  She reassured me that it would not be more than the amount stated on the "Fees Sheet.

Truth:  In fact I paid over $605 ADDITIONAL escrow fees.

Lie 3:  She stated that she could not provide me an initial "Good Faith Estimate" or an "Estimated HUD-1" at closing.  These are the legally binding and universally accepted documents for Refis.

Truth: When it was time to close, when she refused to provide the Estimated HUD-1, I told her that nothing was going to happen further until that it was provided to me.  Reluctantly, and after over 5 e-mails back and forth, she provided it.  And I was unhappy, but sooohh fatigued, so I signed. 

Lie 4: "No Pre-Payment Penalty" 

Truth:  Believe it or not, they even lied about this.  The signed HUD-1 didn't have a prepayment penalty, but they made me sign a side doc with a 2% prepayment penalty if I refied in under 120 days.  Unbelievable.

Lie 5:  Lindsey said that if the rates drop after the loan is funded, she would lower my rate to the current market rate if it drops by at least .25%.

Truth:  Understandably, I thought it was unlikely that any lender would let someone re-fix their rate before closing.  Nonetheless, this is what she promised me.  Of course, rates dropped a quarter point just before closing, and, of course, all of a sudden she was unable to do as promised.  At that point, this was what I expected. 

Lie 6:  Lindsey Lipsky and Kim Thorpe on multiple occasions, stated, "I e-mailed that yesterday." Referring to my "Good Faith Estimate" and "Fees Sheet".

Truth: It was funny how my e-mail would have some sort of "electronic glitch in the matrix" when it came to my e-mail account receiving official documents. 

Interesting Fact:  It took 4 months for the loan to close and my credit score is 813!

In Summary:  These people will promise you anything in order to get your money.  Don't EVER let them charge you a $495 processing fee in CA.  If they try this, move on.  Or be ready to spend over 4 months waiting for your refi to close.

Milo
Lake Forest, Califfornia