- Report: #759196
Complaint Review: hard Equity Financing - Miami Florida
Reported By:
CSC -
Garden City South, New York, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
hard Equity Financing
261 NE 1st Street Miami Florida 33132 Miami, 33132 Florida, United States of America
Phone:
888 759 3828
Web:
www.hardequityfinancing.com
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
hard Equity Financing David Elgante Dropped by Scotsmans Guide for scamming and ripping off clients Miami, Florida
We were dupped! My partner and I sent several loans to this company and its the same story......fees , which I understand in this environment and the nature of the type of loans being sought. One of our clients even paid the $900 rush fee.
You guessed it, they disappeared. No return calls or emails. We called Scotsmans guide which referred us to them and they have since been dropped Hard Equity Financing due to the volumn of similar complaints.
When we first contacted HEF, we asked for something telling us of their integrity and reputation. They sent us something from the better business bureau giving the a B+ rating. They also sent us a video from a news program that did a feature on them . (We are contacting them...I think its time for a follow up report.)
We then sent someone to their office. Its a mail drop! it doesn't exist!
We are in the process of filing criminal complaints with the Florida State Attorney General's office and Department of the Treasury, Financial Fraud Unit. According to our attorney's, they are commiting mail fraud, wire fraud and internet fraud and that is just a start.
They have been told this was going to be what we would do and that they could avoid it all if they just returned the money to our clients. No response.
We will keep this blog informed on the progress with this action. But in the mean time, stay as far away from these people as possible. all they do is collect fees
And if you have fallen victim to these scammers, file your complaints too. The louder we scream, the more action we will get
You guessed it, they disappeared. No return calls or emails. We called Scotsmans guide which referred us to them and they have since been dropped Hard Equity Financing due to the volumn of similar complaints.
When we first contacted HEF, we asked for something telling us of their integrity and reputation. They sent us something from the better business bureau giving the a B+ rating. They also sent us a video from a news program that did a feature on them . (We are contacting them...I think its time for a follow up report.)
We then sent someone to their office. Its a mail drop! it doesn't exist!
We are in the process of filing criminal complaints with the Florida State Attorney General's office and Department of the Treasury, Financial Fraud Unit. According to our attorney's, they are commiting mail fraud, wire fraud and internet fraud and that is just a start.
They have been told this was going to be what we would do and that they could avoid it all if they just returned the money to our clients. No response.
We will keep this blog informed on the progress with this action. But in the mean time, stay as far away from these people as possible. all they do is collect fees
And if you have fallen victim to these scammers, file your complaints too. The louder we scream, the more action we will get
2 Updates & Rebuttals
beck
houston,Georgia,
United States of America
Hard Equity Financing ripoff scammer David Erante
#2Consumer Comment
Sun, May 20, 2012
Are you kidding me, this must be David of Hard Equity Financing himself making the comment, I talked with him, told him about one negative report in April 2012, he commented he knows nothing about any complaint, was news to him. I submitted my deal and he wanted all cash so I fedex a mixture of cash and check to him. 2500.00, I did not think anything when he did not return my phone calls with a month, instead I got an email. I had no clue David was hiding from me after he got my money! I needed to talk about some figures, after 5 days and 22 phone messages and 9 emails, I found out I was a victim.
I am so angry at my self. I found 22+ reports people desperate for Gov intervention all over the internet, read the fraud ripoff reports below since 2006 to may 19, 2012. I am out of $2500.00 + 8400.00 David the owner takes your $$$$$ wait for 3-4 wks and sends you a denial letter. FRAUD Thief! hide behind voice mail and drop boxes.
DO NOT GIVE HIM MONEY (please Google hard equity financing scam) Here are just some reports.
David Errante should be named David MADOFF like the ponzie schemer. because David made-off with our last penny.
http://www.ripoffreport.com/mortgage-companies/hard-equity-finance/hard-equity-finance-http-www-d6161.htm
http://www.complaintsboard.com/complaints/hard-equity-financing-c504704.html
http://complaintcafe.com/complaint/430/hard%20equity%20finance/15701/
http://www.ripoffreport.com/loans/david-erante-jr/david-erante-jr-hard-equity-f-b89d2.htm
http://www.ripoffreport.com/mortgage-companies/hard-equity-financin/hard-equity-financing-david-el-15b8a.htm
http://mortgagegrapevine.com/thread/?thread=560889
L.R.
United States of AmericaHard Money Experience GOOD!
#3Consumer Comment
Tue, August 02, 2011
I had worked with this company in the past & had prompt response on my requests for a hard money loan.
I worked with Steve Jacobs & David Errante. They tentativly
answered all of my questions on their programs & although they had
said they were busy & were tough to reach by phone, they always
returned my calls.
It was a fairly simple loan (485k residential
purchase) & the requirements were basic as it was based
on the equity in the property. There was an upfront due diligence
charge to underwrite the file but I know that is standard in the
industry & their charges were the lowest I could find. Especially
in this market there are many borrowers SHOPPING with no commitment to
close on the loan & it would help me get my client to closing with
some interest in the deal.
My borrower decided against the offer but for all of my future hard money deals, I'm sending over to them. They has an unbeatable hard money source with flexibility to work in this market.
