MDG Investors, Inc Mark Gallagher Loan Rip off Lakeside California
This company approved a business loan for $500,000.00. TGhey required fees be paid before funding of $10,000. Once paid a wire would be issued form a domestic bank as per loan documents. They then issued a wire proof that came form a British Bank form Isle of Man. The wire confirmation had portions of th ewire confirmation mumber "x" ed out. They would not provide a full number. The monet was supposedly sent on July 3. It never arrived ny July 8. Then it was July 10...July 11, July 12 and then it was coming from a different bank and coming the next day. The loan never funded. This was set up through a company called Gulf Coast Mortgage out of Fort Meyers Fla. Principals Barry and Kathy Vigoda.
They were very cryptic when confronted and would never provide complete information
3 Updates & Rebuttals
Robert Tamras
Fort Myers,Florida,
USA
complaints against barry vigoda of GCMS
#4General Comment
Thu, October 12, 2017
my name is robert tamras, financial crimes investigator with florida office of financial regulation-bureau of financial investigations. if you paid an fee to gulf coast mortgage services (barry vigoda) for a loan that you never received. please contact me at robert.tamras@flofr.com or at (239) 533-1344.
Representative of MDG Property Investors LLC
Lakeside,California,
USA
Rebuttal to July 12, 2017 Report
#4General Comment
Wed, September 27, 2017
On or about July 12, 2017 a person named "Larry" published a ripoff report in regard to a loan transaction that was in process between a New Jersey company and MDG Property Investors LLC. This person (Larry) had no part in this transaction and was never spoken to by anyone involved in this financial situation. I have been told by a party to the transaction that Larry published this report without knowing all the particulars of the case.
In actuality what did happen in this transaction is that the Borrower applied for a loan in the amount of $500,000 and was approved for said loan. The Borrower produced all the necessary documentation to qualify for the loan and subsequently received a Loan Contract and Loan Approval Letter. The Lender required certain fees be paid prior to the funding of the loan and the Borrower did pay some of the fees. However, the Borrower refused to pay the last fee requested by the Lender and the file was suspended until all the fees could be paid by the borrower. To this date, if the Borrower still wants to proceed with his mortgage request, he would be granted the loan once all the fees are paid. It is acknowledged that the Borrower paid some of the fees but refused to pay the additional and last fee to consumate the loan.
MDG Property Investors, LLC is a California corporation owned and operated by a retired banker who has been in the lending business for over 30 years. His staff consists of two other retired bankers who are overseeing the underwriting of the loans and the sales and marketing of the corporation. There never has been any past or present ripoff reports on this company and not on any of the employees of MDG Property Investors LLC.
To clarify the rest of the Ripoff Report, Gulf Coast Mortgage Services acted only as a mortgage broker in this transaction and never received any of the funds that were submitted by the Borrower directly to the Lender or his representatives. GCMS was never contacted or consulted by "Larry" or any other party in regard to filing a Ripoff Report or any type of complaint. Additionally, it is the policy of GCMS that mortgage application information is proprietary in nature and not to be disclosed to the general public.
update
#4Author of original report
Thu, July 13, 2017
For clarification we were beneficiries of payouts due from this loan and were provided documents to protect our interest in proceeds. These documents were issued to our debtor by the accused company, MDG Investors.