- Report: #1151234
Complaint Review: One Reverse Mortgage - Nationwide
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Author Confirmed
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One Reverse Mortgage
Nationwide, USA
Web:
www.onereversemortgage.com
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One Reverse Mortgage Quicken Loans Boiler Room Operation Nationwide
I was looking for information about Reverse Mortgages. That's all. I filed out an online form with OneReverse mortgage and within 48 hours I was bombarded with phone calls.
I talked to a very nice young man from the Florida office who said he would send me mortgage papers that night. Remember, I was only looking for information - not a loan. He said he would be on vacation until the following Wednesday, but he would overnight the papers.
Within an hour his boss called me wanting to know what he could do to help me since the first fellow would be gone for several days. I said nothing, I'd wait until he got back. Twenty minutes later the boss's boss called me. On Wedenesy, when the first fellow called me to see if I got the papers, he began to pressure me to fill them out and get them back to him (Remember I was only looking for inofmraiton and told him that repeatedly) For the next two months I got daily phone calls from OneReverse Mortage - sometimes as many as five calls in a day.
At the end of two months, I got a message that If they didn't get the papers back, they'd have to close the file. That was fine with me.
Three days later, I got a phone call from a local OneReverse representative. He'd come right over. I could sign this and that. I thought, why not since they were so hot to make the loan. Then came the daily phone calls and stopping by my house first thing in the morning to have me sign one paper or another. Pressure - pressure. It was like beining triple teamed by a car or time share salesman.
This company deals with no one but people over 62 - usually in poor financial staits. The daily - and multiple daily phone calls - are harrassment. Be cautious, very cautious of this boiler room operation.
And no - I did not take the loan. I am not going to pay $10,000+ in fees to get a loan for half the value of my house.
1 Updates & Rebuttals
John
Takoma Park,Maryland,
Iron Law of Sales....
#2General Comment
Sat, August 23, 2014
You were absolutely correct to ignore the pressure, and I congratulate you for your wisdom. If more people had it, we would not need RipOffReport.com Iron law of sales- if the salesman is pressuring you to rush to sign or buy, the product he is pushing is not worth buying. Quality does not need to be sold in a rush, quality does not require pressure to find customers. If the product is good, the salesman need only sit back and let customers come to him. He doesn't need to be calling every five minutes to beg you to take advantage of his "great offer." And (I'm sure you are well aware of this already) one should never, EVER buy an expensive product "available only if you buy RIGHT now." If a salesman says "this offer is good today only" that's the clue to turn away and walk out the door- or hang up the phone. One more truism- you are a thousand times more likely to regret buying something than NOT buying it. If what you failed to buy has real value, there's another opportunity to purchase coming down the street toward you. If it's a ripoff, it's someone else's problem because you didn't bite the hook. Again, congratulations on your wisdom.
