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  • Report:  #308108

Complaint Review: ALG Capital - Calabasas California

Reported By:
- Auburn, California,
Submitted:
Updated:

ALG Capital
26707 Agoura Road, Suite 200 Calabasas, 91302 California, U.S.A.
Web:
N/A
Categories:
Tell us has your experience with this business or person been good? What's this?
Just like many others that have been posting on the Internet (on answers.yahoo.com), we were presented with phony loan documents. When promised a 5.2% 30 year fixed interest rate loan (with no income verification), we actually got documents for a 3.5% loan ... too good to be true. The actual loan was for 6.5%. This same pattern has been repeated with the other cases I have been in contact with. If you have the same experience, contact (as I and others have) the : FBI, Dept of Corporations adn Dept of Real Estate. So far, I have only heard back from the Dept of Corporations, stating they will look into it.

The other victims were not as lucky as I was, in that I rescinded the loan the next day, after calling the lender and finding out what the real loan was.

Rickrice

Auburn, California

U.S.A.


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