Nikki
Ponca City,#2Consumer Comment
Mon, December 20, 2004
I just want to know how companies get away with this ...I gave my $300 too .. and I know that I will never get my money back ...I was sent a "PRE APPROVED" letter for $80,000.00 I also filled out the paper work sent it back in too.. They told me that I would have to end the contract with them before I would loose my money But I have not ended my contract ..in my eyes they are the ones that ended it for me I have tried to get any kind of response from them of any type without any success..if anyone knows how to go about getting my money back let me know
SHARON
SOUTH BEND,#3REBUTTAL Individual responds
Mon, June 21, 2004
THEY LIED TO ME ABOUT GETTING A LOAN IF I GAVE THEM 300 DOLLARS . I REALLY NEED MY MONEY . I CANT SEE HOW PEOPLE CANT DO THAT TO US.
DOROTHY
VALLEY CITY,#4Consumer Comment
Tue, October 07, 2003
I read your article about being scammed by Money Tree in Olathe KS and I fell for it and paid the $300 and was approved for 123,000. That was back in June of 2003, we had a house picked out and agreed on a price before Money Tree contacted me so I figured it would be a quick deal. Well, it's Oct 7th 2003 and we STILL have not closed! We started this guarenteed approval with 3% down @ 6.5% FHA loan. Then they said I didn't make enough for that (even though my income did not change from the time I filled out the app) so we had to go with $119,000 with 5% down @ no more than 8%. Well, I put on my hourly wage on the app and when my company filled out the Employment verification form they put down my bi-weekly. I received a call from Shatae at Money Tree stating I put down a different income and said I made more on my app than I actually make. I asked her how did you figure out the bi-weekly amount? I asked her if she took that times 2 then times 12? She said yes that is what she did, so I explained to her that she is supposed to times that amount by 26 and if she does that for some reason it comes out that I make more the way my employer put it. So, we went back and forth about that for weeks, me calling 5-10 times a day before getting ahold of anyone or getting a call back so I finally sent nasty e-mails and would sit on hold forever waiting for someone to pick up and asked to speak to a supervisor or an underwriter and finally got Inna the processing supervisor and I explained to her what happpend and how I make 11.34 an hour, but my employer put down bi-weekly amount of 907.69 and that Shatae figured it out wrong and that is why the hourly rate I put on my application looks higher than the bi-weekly rate my employer uses and she said they have to go by what the employers put down and I went over it with her a couple of times on the phone figuring out the numbers and finally she agreed that what the employer put (which is what they have to go by) does come out higher than what my hourly rate comes out to. So, her response to that was "oh well, you still need 10% down". Very professional! We have had to write up 2 purchase agreements with the sellers (who are very upset with all of this) and we have a deadline now of Oct 24th or the deal is off with them with no further discussions on buying the place. I do not think this is right to do to people. We are not buying a car, we are buying a house which is a life altering thing for everyone involved. My children are 3 and 5 and my daughter started kindergarden on the purchase agreement in that school district. I can't pull her out now, she'd be devestated. My kids are disappointed, the sellers are disappointed and me and my husband are disappointed. There are so many negative feelings going through us right now and I feel taken. I think there should be a law against over promises because it's wrong. They have no right taking our money, promising us a loan for a house and letting us make life decisions based on what they are telling us, only to have it never happen.