- Report: #21044
Complaint Review: El Rancho Home Loans Inc - Oxnard California
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Author Not Confirmed
Why?
El Rancho Home Loans Inc
2655 vineyard ave Oxnard, 93030 California, U.S.A.
Phone:
805-983-2225
Web:
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Tell us has your experience with this business or person been good?
El Rancho Home Loans Inc ripoff Oxnard California
I started out in Jan. 2002 to buy my first home. I got pre approved, found a great agent and a home we wanted.
We opened escrow march7th 2002. There is a tenant that needed to be evicted, EL RANCHO HOME LOANS is the property management company, specifically JOE CERVANTES. After numerous telephone conversations he was telling us how the eviction was going through the legal process. One problem, the tennant was making no move to leave, so we couldnt close escrow.After being told it was "in the sherriffs hands, they are backlogged" by Joe, we waited and waited.
Finally our agent discovered, Joe had never filed an eviction! We also found out we are about to lose the house because it is going to auction due to loan default. We also discovered that RANCHO HOME LOANS INC has notes on the property.
So after three monthes we are now homeless[renting a room] and need to start over. I thought buying a home was the AMERICAN DREAM, not a NIGHTMARE.
twain
newbury park, California
We opened escrow march7th 2002. There is a tenant that needed to be evicted, EL RANCHO HOME LOANS is the property management company, specifically JOE CERVANTES. After numerous telephone conversations he was telling us how the eviction was going through the legal process. One problem, the tennant was making no move to leave, so we couldnt close escrow.After being told it was "in the sherriffs hands, they are backlogged" by Joe, we waited and waited.
Finally our agent discovered, Joe had never filed an eviction! We also found out we are about to lose the house because it is going to auction due to loan default. We also discovered that RANCHO HOME LOANS INC has notes on the property.
So after three monthes we are now homeless[renting a room] and need to start over. I thought buying a home was the AMERICAN DREAM, not a NIGHTMARE.
twain
newbury park, California
1 Updates & Rebuttals
twain
#20
Thu, July 18, 2002
It is now 7-18-2002 and we still have not closed escrow, but we seem to be pretty close. It would appear that we are going to be able to resolve our differances with EL RANCHO HOME LOANS.
