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Report: #304591

Complaint Review: Source Lending Corporation - Plymouth Minnesota

  • Submitted:
  • Updated:
  • Reported By: burnsville Minnesota
  • Source Lending Corporation 30300 Campus Drive Sute E170 Plymouth, Minnesota U.S.A.

Source Lending Corporation Abusive and predatory lender, that will not return a phone call now that they have lied to and screwed many Minnesotians. Directly cause them to loose their homes. Plymouth Minnesota

*Author of original report: Source Lending Corporation of Minnesota

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This organization is the direct cause of many Minnesotians loosing or facing foreclosures in this state. They have over falsefied loans by getting properties over appraised and therefore setting a properties value way higher than what it is accessied at by the county. They use unverified income to fatten a potential loan applicants income. This makes it look good to the lender.

They lie at closing about property taxes and other promised incentives to get the buyer to sign. They promise loans and tell you not to pay accounts that they are paying off included in your refinance. By then we were so far behind we had to sign on the dotted line.

Now the 2 year ARM on both my homes is about to balloon and my credit is shot from late payments and they wont even return my phone calls. They are the predators and they have many predatory mortgage companies in bed with them. How many others in Minnesota and other states have fallen prey to Source Lending Corporation. They must be stopped. They are a part of the Minnesota BBB. What is happeing in this country? The predatory's are winning.

Latisha
burnsville, Minnesota
U.S.A.

This report was posted on Ripoff Report on 01/30/2008 10:49 AM and is a permanent record located here: https://www.ripoffreport.com/reports/source-lending-corporation/plymouth-minnesota-55425/source-lending-corporation-abusive-and-predatory-lender-that-will-not-return-a-phone-call-304591. 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 Author of original report

Source Lending Corporation of Minnesota

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

POSTED: Tuesday, March 25, 2008
They are still in business going stronger than ever. Meanwhile peoples homes are continueing to be foreclosed and they are still making telemarketing calls to have people refinance with through their company. They are getting richer and richer and we are loosing our propety. They sold us a dream that has turned into a nightmare. When is someone going to step up and stop companies like this. An INVESTIGATION is in order.
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