Atlantic Coast
Plantation,#2REBUTTAL Owner of company
Mon, March 23, 2009
As most readers are aware, an accurate evaluation of property value is key to success in the lending business. Failure to adequately estimate value and a blind reliance upon appraisals are key elements in the mortgage industry failure the United States is currently experiencing. One of the reasons why our firm has excelled in these tough times while other major institutions have suffered is that we personally inspect each property on which we lend and we carry out a significant amount of due diligence regarding the market as well as the borrowers. To this end, we require, in most circumstances, that the borrower cover a portion of the expenses related to this due diligence process. The reason is simple, when we receive 50-60 loan applications per week, it would be cost prohibitive to inspect each property without an inspection fee. As a result of this process, we do in fact reject loan requests subsequent to inspection in many instances. Many times, the borrower is disgruntled when they have been declined. We will from time to time have negative reports filed on websites such as this, but we also invite any potential borrowers to perform their own due diligence on our firm as well as speak with our team at any time. Our references are available upon request. We would rather make sound lending decisions and face intermittent negative web postings than put our investors in jepoardy by making poor lending decisions. Jim Parent President Atlantic Coast Equity, Inc. 954-370-0600
Atlantic Coast
Plantation,#3REBUTTAL Owner of company
Mon, March 23, 2009
As most readers are aware, an accurate evaluation of property value is key to success in the lending business. Failure to adequately estimate value and a blind reliance upon appraisals are key elements in the mortgage industry failure the United States is currently experiencing. One of the reasons why our firm has excelled in these tough times while other major institutions have suffered is that we personally inspect each property on which we lend and we carry out a significant amount of due diligence regarding the market as well as the borrowers. To this end, we require, in most circumstances, that the borrower cover a portion of the expenses related to this due diligence process. The reason is simple, when we receive 50-60 loan applications per week, it would be cost prohibitive to inspect each property without an inspection fee. As a result of this process, we do in fact reject loan requests subsequent to inspection in many instances. Many times, the borrower is disgruntled when they have been declined. We will from time to time have negative reports filed on websites such as this, but we also invite any potential borrowers to perform their own due diligence on our firm as well as speak with our team at any time. Our references are available upon request. We would rather make sound lending decisions and face intermittent negative web postings than put our investors in jepoardy by making poor lending decisions. Jim Parent President Atlantic Coast Equity, Inc. 954-370-0600
Laurie
Haslet,#4Consumer Comment
Tue, March 03, 2009
Once you wire them money - there is no getting it back. NEVER EVER WIRE MONEY TO ANYONE THAT YOU DO NOT KNOW PERSONALLY.
Laurie
Haslet,#5Consumer Comment
Tue, March 03, 2009
Once you wire them money - there is no getting it back. NEVER EVER WIRE MONEY TO ANYONE THAT YOU DO NOT KNOW PERSONALLY.