Complaint Review: Rose Acceptance - Nationwide
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- Author Confirmed
- Rose Acceptance Nationwide USA
- Phone: (866) 937-3557
- Web: roseacceptance.com
- Category: Mortgage Companies
Rose Acceptance A First National Bank Division Sold property going into foreclosure to me with 20,000 plus back taxes they never paid taxes. Lansing Nationwide
*Consumer Comment: Doesn't make sense
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I bought a property from Rose acceptance at (((REDACTED))) milwaukee wisconsin. I paid cash upfront
at closing they rushed me to close stating it had to close by the 31st of November. In December I
flew there to do rehab work on the house. I put a lot of money into this property. On January 3 approximately
the city inspector came to my house and told me they owned this property that it was foreclosed on because
Rose Acceptance did not pay any taxes. I was livid I was sure they were wrong so I called up Rose Acceptance
and they stated that it could not be foreclosed on. I live in California I had to fly back to Milwaukee
to a City Foreclosure Hearing and there I learned that the house I bought was mine only 3 weeks the
city foreclosed on it in December. Rose Acceptance has been notified and has done nothing to compensate
me for my loss of the money I put in it or the Return of the purchase price. Please, Please stay away
from these modern day crooks.
This report was posted on Ripoff Report on 03/21/2017 02:39 PM and is a permanent record located here: https://www.ripoffreport.com/reports/rose-acceptance/nationwide/rose-acceptance-a-first-national-bank-division-sold-property-going-into-foreclosure-to-m-1363128. 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
Doesn't make sense
AUTHOR: Robert - (USA)
SUBMITTED: Wednesday, March 22, 2017
The average home buyer does not pay cash for a house. The average home buyer does not buy a house a few thousand miles away from where they are living. The average home buyer does not do things on their own, they have an agent and/or attorney who will advise them.
So either we are to believe that you are some "newbie" first time home buyer who decided to make their first purchase on their own in cash a few thousand miles from where they live without any professional help, OR you are not exactly being totally forthcoming in your purpose and experience where a lot of detail is missing.
This is important because if you have bought/sold houses before(perhaps you are a "flipper"), you know one of the first thing to check on especially with REO homes is to do a property tax/lien search. Had you done this little bit of due diligence you would not be in this situation now.
So now it comes down to the house. If you bought it "As-Is" just like the meaning says you bought the house and are accepting all of it's liabilities and issues...this can and would most likely include back Property Taxes. Your only "out" in this would be is if you have something in writing from them that states the taxes were up to date.
Being "rushed" through closing is not an excuse and even more reason that if you thought you were being rushed and didn't understand everything YOU needed representation.
By the way can you please tell us what day of the week November 31st fell on last year?
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