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  • Report:  #1382900

Complaint Review: Preston Schmidt AMP. Mortgage Agent at MHC Mortgage Services inc.FSCO.lic.no. M08003906 is a scammer - Ancaster Ontario

Reported By:
Paul - Stoney Creek, Ontario, Canada
Submitted:
Updated:

Preston Schmidt AMP. Mortgage Agent at MHC Mortgage Services inc.FSCO.lic.no. M08003906 is a scammer
370 Wilson St.E. unit 11 Ancaster, L9G 4S4 Ontario, Canada
Phone:
905.304.3303
Web:
http://mhcmortgages.ca
Categories:
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 Preston Schmidt, AMP. Mortgage Agent at MHC Mortgage Services inc.FSCO.lic.no. M08003906 is a scammer operating out of Southern Ontario. Preston Schmidt has taken money from a friend of mine for a year. The money was allegedly for an appraisal, Phase I, Title Search, etc. Once I got involved (and I am in commercial real estate), Preston Schmidt could not and would not produce any of the documents my friend paid for, much less the name or number of a lender. He would only send "commitments" from lender - oh, that lacked the lender's contact information. The mortgage commitments were fabricated. I also made this idiot Preston Schmidt send a $3,00.00 refund (which took a month), and, as expected, the cheque was was NSF. I can go on and on. I encouraged my friend to file a complaint with the Financial Services Commission of Ontario ( FSCO ) and he was told by FSCO that their jurisdiction is limited to licensing, not fraud or business practices and that his only recourse is to sue in the civil courts. Legal fees and the nuisance of attending in court would far exceed the $3,000.00 If you have come across Preston Schmidt, reply to this thread. I would love to know what you know about this idiot scammer Preston Schmidt.



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