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Report: #1382900

Complaint Review: Preston Schmidt, AMP. Mortgage Agent at MHC Mortgage Services inc.FSCO.lic.no. M08003906 is a scammer - Ancaster Ontario

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  • Reported By: Paul — Stoney Creek Ontario Canada
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  • Preston Schmidt, AMP. Mortgage Agent at MHC Mortgage Services inc.FSCO.lic.no. M08003906 is a scammer 370 Wilson St.E. unit 11 Ancaster, Ontario Canada

Preston Schmidt, AMP. Mortgage Agent at MHC Mortgage Services inc.FSCO.lic.no. M08003906 is a scammer If you have come across Preston Schmidt, reply to this thread. I would love to know what you know about this idiot scammer Preston Schmidt. Ancaster Ontario

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 Preston Schmidt, AMP. Mortgage Agent at MHC Mortgage Services inc.FSCO.lic.no. M08003906 is a scammer operating out of Southern Ontario. Preston Schmidt has taken money from a friend of mine for a year. The money was allegedly for an appraisal, Phase I, Title Search, etc. Once I got involved (and I am in commercial real estate), Preston Schmidt could not and would not produce any of the documents my friend paid for, much less the name or number of a lender. He would only send "commitments" from lender - oh, that lacked the lender's contact information. The mortgage commitments were fabricated. I also made this idiot Preston Schmidt send a $3,00.00 refund (which took a month), and, as expected, the cheque was was NSF. I can go on and on. I encouraged my friend to file a complaint with the Financial Services Commission of Ontario ( FSCO ) and he was told by FSCO that their jurisdiction is limited to licensing, not fraud or business practices and that his only recourse is to sue in the civil courts. Legal fees and the nuisance of attending in court would far exceed the $3,000.00 If you have come across Preston Schmidt, reply to this thread. I would love to know what you know about this idiot scammer Preston Schmidt.

This report was posted on Ripoff Report on 07/03/2017 01:24 PM and is a permanent record located here: https://www.ripoffreport.com/report/s/preston-schmidt-amp-mortgage-mhc-mortgage-services-inc-1382900. 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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