Tracey Ellis, Ellis Funding Group SCS Private Funding Scammed by Tracey Ellis, Ellis Funding Group & SCS Private Funding Westfield, Indiana

In March of 2012, I responded to a Craigslist ad posted by Tracey Ellis where he advertised home mortgage loans available by private funding.

Tracey met me at a hotel next to my job site and he explained that he represented SCS Private Funding and had been working with them for over 5 years.

He gave a real sales pitch saying that there were many people who they were helping and that their program was so popular that their biggest challenge was to be able to process the loans more quickly but that they made recent changes to streamline the process and believed the problem was now resolved.

Tracey is easily believed and he actually lives 5 miles from me so I thought he was legitimate. He gave me an application to fill out and required $3500 upfront for the loan.

I gave him the filled out application and cashiers check for $3500 and received a loan approval document from SCS Private Funding in a matter of a few days via email.

I presented to the builder and it fooled them too and the home construction got underway. Come September when time to close, my builder could not reach Tracey Ellis or SCS Private Funding and called me concerned. I left messages with Scott ONeil of Private Funding but they go ignored.

Tracey has given many excuses saying the appraisers were running late and then that the investor (Enrico Corporation- never heard of this name before) is running behind due to the volume of loans they are processing but at the end of the day, we will not be getting any loan from anyone he represents and we are desperately looking for another lender in time to keep from losing our new home.

Tracey recently admitted to me that of all of the loans he has worked on through SCS Private Funding, not a single one has ever been closed.

We had this home designed to accommodate our two disabled kids and we are livid that we have been scammed.

Tracey Ellis and SCS Private Funding are both currently under investigation by an investigator for the Secretary of State here in Indiana. I have already been asked if I will testify and I will not stop until I get my $3500 back.