AIMloan.com American Internet Mortgage Took Appraisal Money With No Intention of Refinancing San Diego CA
I actually believe that this company scams individuals out of appraisal money with no intention of ever refinancing the applicant's property. Even the BBB had no leverage with this company. My credit is "A" rated, and after the process of complying with every request, AIMloan finally indicated that I had to have an insurance policy that included replacement value.
This type of insurance is so expensive on a property built in the early 1900's, that obtaining it would have nullified the purpose for refinancing. Granted, they had seen my insurance policy on day 1, but failed to mention that it was insufficient until well after the appraisal had been completed. NO other banks have required this type of insurance. I own two houses that were built circa 1900, and neither Wells Fargo, Bank of America, or Mr. Cooper has asked for such a policy.
1 Updates & Rebuttals
The Dog
United StatesWhy Would The BBB Have Any Leverage?
#2Consumer Comment
Mon, September 16, 2019
The BBB is NOT part of ANY government body or law enforcement agency. The BBB has absolutely ZERO POWER to do anything! The ONLY purpose of the BBB is to SELL their PHONY ratings and PHONY accreditations to ANY business which wants to pay the price!
The go to great lengths to deceive the public, the BBB refers to themselves as "the bureau" just like a real law enforcement agency would. So then, the BBB cannot and will not help you. They cannot force any business to do anything even if you have the best case in town!