Complaint Review: SecuredFunding Corporation - Costa Mesa California
- SecuredFunding Corporation 2955 Redhill Ave Costa Mesa, California U.S.A.
- Phone: 877-468-4221
- Web:
- Category: Mortgage Companies
Secured Funding Corporation Ripoff Unethical and perhaps illegal practices Costa Mesa California
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I was contacted by this company and completed a Home Equity Line of Credit. I was told a rate and given a Good Faith Estimate with fees and certain pay offs that I desired. When the fees were challenged as very high they (Mr Underwood) said the company would refund $1,500 (faxed a letter confirming the arrangement) after the loan closed. They then changed the pay offs (and did not send a new Good Faith Estimate as required by federal law (RESPA)). I called them and told them to cancel the loan and send all our documents to a new company. They indicated they would. 10 days later we received the paperwork and a check for the cash out. They had closed the loan against our verbally communicated desires. We contacted them and they said it was a mistake and we should move on. We asked for the $1,500 that was to be refunded. They indicated it would be sent within a week. We never received the money and they never returned and phone calls. This company is a RIPOFF and a predator. Stay away from them at all costs.
Dale
Stockton, California
U.S.A.
This report was posted on Ripoff Report on 12/23/2005 11:58 AM and is a permanent record located here: https://www.ripoffreport.com/reports/securedfunding-corporation/costa-mesa-california-92626/secured-funding-corporation-ripoff-unethical-and-perhaps-illegal-practices-costa-mesa-cali-169095. 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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