- Report: #129114
Complaint Review: CENTEX HOME EQULITY - BRISTOL Connecticut
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CENTEX HOME EQULITY
BRISTOL, 06010 Connecticut, U.S.A.
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CENTEX HOME EQULITY RIPOFF DISHONEST LIES AND MOST FEEDING OFF PEOPLE LACK OF KNOWLEDGE ON MORTGAGE LOANS BRISTOL Connecticut
Thank God for your writers. I was about to hear from Centex about a loan today. I prayed about the loan and asked God for guidance. Something being nagging me inside to go onlline and research mortgage companies. I had tiime todaaay and decided to follow God's guidance and find wisdom in what I was about to do. I found this web sight and amazed and sadden to read all the negative things about this company. I immediately got on the phone to my friends about this web sight. I truly believe word of mouth will also stop these companies and help others.
We have stopped as consumers in the olden days boycotting companies and standing up for our neighbors. Thank you to everyone who took the time to write and saved many people from the same lost of their homes. Centex sent someone over to appraised my home at a high value and said it was the highest on my street. I went online to see what the houses sold for this year and last year the avg. was from $189,000 to 250,000.
Centex appraised my house for $289,000 and told me on the phone that my house appraised higher then anyone one my block. Yet, they could not give back all the money I needed. It sound like just idential to your consumers complaint. Therefore Thanks to your writers I just going to clean up my credit even better and try again with someone else later. Centex can keep the appraisial money because God saved my house and thousands dollars later. I learn there is no easy way out just paid your bills if possible on time and shut these companies down. But unfortunatly things happen and we have to depend on the honest of people that say they will help you out and understand your problem. Stay away from these people.!!!!!
Luis
BRISTOL, Connecticut
U.S.A.
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.
We have stopped as consumers in the olden days boycotting companies and standing up for our neighbors. Thank you to everyone who took the time to write and saved many people from the same lost of their homes. Centex sent someone over to appraised my home at a high value and said it was the highest on my street. I went online to see what the houses sold for this year and last year the avg. was from $189,000 to 250,000.
Centex appraised my house for $289,000 and told me on the phone that my house appraised higher then anyone one my block. Yet, they could not give back all the money I needed. It sound like just idential to your consumers complaint. Therefore Thanks to your writers I just going to clean up my credit even better and try again with someone else later. Centex can keep the appraisial money because God saved my house and thousands dollars later. I learn there is no easy way out just paid your bills if possible on time and shut these companies down. But unfortunatly things happen and we have to depend on the honest of people that say they will help you out and understand your problem. Stay away from these people.!!!!!
Luis
BRISTOL, Connecticut
U.S.A.
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.
1 Updates & Rebuttals
Jeff
Surprise,Arizona,
U.S.A.
Pot calling the kettle black
#2Consumer Comment
Thu, March 31, 2005
I am a broker in the sub-prime industry, to which Centex Home Equity (not to be comfused with Centex or CTX, the prime side) is a part, and I find it somewhat humorous that this individual decided to submit a rip-off report claiming this company preys on consumer ignorance, yet has no understanding of the industry. 1) Centex is not the appraisal company. An independent, 3rd party (fyi, a consumer may choose their own appraiser, as long as they are registered, licensed, and approved). The money paid for for the title and home inspection, but Centex obtained absolutely zero of the fund. 2) I do not know the details of the deal, but here are some mortgage basics. Mortgages are all base on risk. To obtain a 100% loan, you must have very good credit. If you do not, you will pay a higher rate, and qualify for less money on the value of the home. So, if the house was valued at 289,000, then a person with a 750 fico would get 289000, a person with a 600 fico may only get 250,000, and a person with a 515 Fico may only qualify for 200,000. Many mortgage companies will not even loan on a sub 625 fico score because history repeats itself. This individual complained about the company without even having a problem of their own, except bad credit. That is not the lendors fault. In addition, there is only 1 way to clean up your credit, PAY YOUR STUFF OFF. If you can afford to pay it, why havent you?
