TRACE FINANCIAL Bob O'Connor, Chris Morrison, Ann Ursiny Refinance Fraud, take your money and never hear from them Beverly, Massachusetts
Contacted mortgage broker Bob O'Connor to refinance. He was someone who was used by a friend of a friend 4 years ago and everything went fine for them. Said he works with a company called Trace Financial who provides mortgages as long as you have a certain amount of equity in your home with a fee up front of $3500.00. Since I am over-extended with two homes/two mortgages, a bank would not do a refi. Bob said these private investors would do this, they have been doing it for a while and it would be no problem. Gave him all my bank info, all my personal info and sent the money.
I received a approval letter and then never heard from the for 8 weeks. Nobody would answer the phone or emails. Finallt got a hold of Bob who said he was only an agent of Trace Financial and he couldn't do anything else. Trace promised a closing date, the date came about and I never heard from them. I then demanded a refund. They forwarded a refund letter to be signed and fed exd back with a promise of a 7-10 day refund. Its now been 4 weeks with no refund and I am back to nobody answering emails or calls. They are a scam and I hope people see this before they give their money to Bob Oconnor and Ann Ursiny of Trace.