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Option Mortgage Lending Deceptive, shady sales practices. These snakes give a bad name to mortgage lenders Glendale California
I was contacted by Kevin at Option Mortgage Lending. He said he could get me a lower interest rate, and I was wanting a 30 year fixed. He said he could set me up with a 30 year at 5%. Sounded great, so I said lets do it. He had a notary come to our house with the papers and we got ready to sign when we noticed the loan was stated 10% for 40 years. I currently had a 6% mortgage. So I immediately called and asked for Kevin, he wasn't reachable - but David was. David said because I had been late with a previous payment, he needed a payment history. So the loan would be 10% for 4 months, then revert to 5% if we made the payments on time. I said I needed this in writing, and he said he was going to fedex me a package, with papers that needed signatures. That the loan couldn't progress until these fedex'ed papers were signed. So I don't know how he made this sound ok, but he did and we signed. I waited for a fedex package that never came. It was now too late to get out of my loan. I called and can not get a hold of David, I was transfered to a man named Edward who told me that there was no fedex package, that yes indeed the loan would revert back to 5% at the end of the 4 months, but that he couldn't give it to me in writing. So I asked to speak with his manager Nathaniel. He is never available. I have tried to call him every day for two weeks, and finally got ahold of him. He told me he would review my case and get back to me. 2 weeks later, he hasn't called me back and won't take my calls. His secretary won't give me his email address or his voicemail.
I was lied to, taken advantage of and I am sick over it.
I am now trying to get out of this mortgage and into something more suitable for my family.
My mortgage payment went from 1309.00 a month to 2548.00 a month.
Lisarene
Pollock Pines, California
U.S.A.
4 Updates & Rebuttals
Sick
ANAHEIM,California,
U.S.A.
those snakes!!
#5Consumer Comment
Fri, December 21, 2007
I'm sorry Lisarene but everytime you post personal contact information the website will delete it. (phone numbers, e-mails, etc.)
Lisarene
Pollock Pines,California,
U.S.A.
Option Mortgage Lending
#5Author of original report
Thu, December 13, 2007
Sick from Anaheim here is my info
(((ROR REDACTED)))
CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.
Sick
ANAHEIM,California,
U.S.A.
OPTION MORTGAGE SHADY PRACTICE
#5Consumer Comment
Fri, December 07, 2007
I'ver already contacted a real estate attorney and she is also very interested in hearing your story, not sure how we can communicate further.
Lisarene
Pollock Pines,California,
U.S.A.
these people have been reported
#5Author of original report
Wed, December 05, 2007
To the Federal Trade Commission, The BBB, and the Department of Real Estate. I would love to get in touch with "sick" from Anaheim. Our stories are almost exactly alike. I am disgusted with this company, and would love to get in touch with others to see if there is any thing else we can do about this. Please contact me (((ROR removed for security purposes)))
Your complaint just re-fueled my fire.
CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.