- Report: #85744
Complaint Review: Residential Mortgage Concepts - Seattle Washington
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Author Not Confirmed
Why?
Residential Mortgage Concepts
2414 SW Andover D-100 Seattle, 98106 Washington, U.S.A.
Phone:
206-938-6026
Web:
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Business Rating:
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Residential Mortgage Concepts ripoff bait and switch on prepayment penalty offered no prepayment until closing doc switched at closing Seattle Washington
Rob McAllister, formaly of Residential Mortgage Concepts, Now with West Seattle Mortgage, First sold me a dishonest bill of goods that I could only get a high interest loan, BUT, if I "cleared" up my credit over the next year, he could get a much better interest rate. He wrote a high interest loan, with no prepayment penalty on every document throughout the process. We went in for the signing of the final documnets, which we were rushed through. The following year, after making every payment on time with all of our creditors, Residential Mortgage call us back to do the refinance, and bingo, there was a prepayment penalty. It was not for one year, or the usual two years, or even three years, not close. It was for 5 years. Now, we are stuck with a 9 3/4% mortgage, with a 5 year prepayment, of which the percentage isn't even disclosed. It could be a 100% or a 200% penalty.
I firmly believe that Rob McAllister and Mark Hopkins, and Residential Mortgage Concepts are an organized criminal operation, and it should be investigated by our federal govenment as a domestic terroist organization. I urge any others to come forward.
Chris
Woodinville, Washington
U.S.A.
I firmly believe that Rob McAllister and Mark Hopkins, and Residential Mortgage Concepts are an organized criminal operation, and it should be investigated by our federal govenment as a domestic terroist organization. I urge any others to come forward.
Chris
Woodinville, Washington
U.S.A.
