Complaint Review: Sterling National Bank - Eric Garcia - Great Neck New York
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- Author Confirmed
- Sterling National Bank - Eric Garcia 98 Cuttermill Road, Suite 200N Great Neck, New York U.S.A.
- Phone: 800-345-7332
- Web:
- Category: Mortgage Companies
Sterling National Bank - Eric Garcia takes advantage of clients so he can make money Great Neck New York
*Consumer Comment: appraisals being low balled
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Sterling National bank gets mortgage leads from lendingtree.com
Lending tree provides the current property value to the lender. The lender did not do any research to make sure the home he was refinancing was worth anywhere near what needed to be refinanced. In today's market this seems to be a very important step. There are plenty of ways to do this without an appraisal. If I had been told there was a chance that the appraisal would not cover what is owed i would have made the decision not to do the refinancing at this time. I then paid $445.00 for an appraisal and it came back $75,000 less then what lending Tree estimated it. I think think Sterling National gets a fee from the appraisal company they use and are scamming people out of thier money! Because Eric Garcia and Sterling National Bank don't care about people only money I am out $445.
Denise
Cave Creek, Arizona
U.S.A.
This report was posted on Ripoff Report on 05/15/2009 06:17 PM and is a permanent record located here: https://www.ripoffreport.com/reports/sterling-national-bank-eric-garcia/great-neck-new-york-11021/sterling-national-bank-eric-garcia-takes-advantage-of-clients-so-he-can-make-money-great-452350. 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
appraisals being low balled
AUTHOR: usafhamortgage - (USA)
SUBMITTED: Wednesday, February 03, 2010
I understand your frustration been in this business 12 years. I know the best way to handle this. If you need any help feel free to reach out to me.
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