- Report: #241033
Complaint Review: Select Capital Group - Pittsburgh Pennsylvania
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Select Capital Group
100 Hightower Blvd., Suite 202 Pittsburgh, 15205 Pennsylvania, U.S.A.
Phone:
412-788-0733
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Select Capital Group ripoff GUARANTEED MORTGAGE CANCELLED VERY LAST MINUTE AFTER SPENDING OUR MONEY ON "NECESSARY" FEES! Pittsburgh Pennsylvania
My husband and I have experienced credit problems and over the years we have been burned by lenders promising to grant loans. We own our home free & clear and Select Capital called our home and promised a mortgage regardless of our credit. They stated we could do this because of the equity of owning our home. We were planning to use some of the money to purchase a vehicle because we are in need of another car. I was sent emails guaranteeing the loan and the car company considered it a binding contract so the vehicle was sold to me.
The manager of the company, Keith Balesk, sent me verification this past Friday stating that he received the CLEAR TO CLOSE from the lender (Delta Funding) and that we were closing on Tuesday 100%...no chance of recission on their part. Just a few hours prior to our settlement, I received an email stating that they couldn't close the loan for us afterall. I had to spend $300 on an appraisal, $100 for tax forms that needed to be sent to them, we started workin on an addition we were putting on the house so we spent $375 on a dumpster to get that started (ALL BECAUSE THEY PROMISED AND GUARANTEED THE LOAN - I HAVE HARD COPIES OF THE CORRESPONDENCE). When I questioned them regarding how they could do such a thing, the reply was "NOBODY HELD A GUN TO YOUR HEAD AND MADE YOU GET THE CAR!".
I would not recommend this company to anyone who is in financial distress and is looking to trust someone. They are very untrustworthy and they made our situation even worse.
Tara
Reading, Pennsylvania
U.S.A.
The manager of the company, Keith Balesk, sent me verification this past Friday stating that he received the CLEAR TO CLOSE from the lender (Delta Funding) and that we were closing on Tuesday 100%...no chance of recission on their part. Just a few hours prior to our settlement, I received an email stating that they couldn't close the loan for us afterall. I had to spend $300 on an appraisal, $100 for tax forms that needed to be sent to them, we started workin on an addition we were putting on the house so we spent $375 on a dumpster to get that started (ALL BECAUSE THEY PROMISED AND GUARANTEED THE LOAN - I HAVE HARD COPIES OF THE CORRESPONDENCE). When I questioned them regarding how they could do such a thing, the reply was "NOBODY HELD A GUN TO YOUR HEAD AND MADE YOU GET THE CAR!".
I would not recommend this company to anyone who is in financial distress and is looking to trust someone. They are very untrustworthy and they made our situation even worse.
Tara
Reading, Pennsylvania
U.S.A.
3 Updates & Rebuttals
James
Woodbury,New York,
U.S.A.
The Customer Walked Away
#2UPDATE EX-employee responds
Mon, September 17, 2007
I am a former employee of Delta Funding - the loan in question was originally cleared to close but Delta decided to add some additional stipulations after the fact. Once those stipulations were cleared and the file was set to close - the consumer NOT Select Capital Group or Delta Funding walked away from this loan. We were informed by Select Capital Group that the consumer decided to try and work with a local bank to get their loan AFTER we got the loan cleared to close. It seems as if this consumer was upset about the additional stipulations added to her file (which I can certainly understand) but the file was cleared to close and the consumer walked away NOT Delta Funding or Select Capital Group. We were set to close this file and the consumer decided not to close this loan. I only make my comments because I remember this file clearly - Delta and Select Capital Group worked VERY HARD to get this difficult loan closed only to do EVERYTHING the consumer asked for and have them walk away. I just wanted to shed some light on this situation.
Liz
Coraopolis,Pennsylvania,
U.S.A.
Not your fault
#3UPDATE EX-employee responds
Fri, August 03, 2007
Tara, I know for a fact that Delta has nothing to do with this problem you had with Select Capital Group, Inc. They never gave the your file a "clear to close". The only reason you were told that your loan was clear to close was so that you would stop bothering the manager during the weekend and so you wouldn't sign with the other company. I suggest that you take this matter up with the PA Dept of Banking and/or the state attorney general's office.
Steve
Corona,California,
U.S.A.
Delta Funding is for the worst credit possible
#4Consumer Suggestion
Wed, March 28, 2007
I am a mortgage broker in California. Delta funding is one of the lenders that I use when it appropriate for the particular borrower or their situation. You must have some really serious credit problems, because if Delta declined your loan, you have to be in bad shape. They are almost a "hard money" lender, which means that you don't have to have employment, not necessarily even any income. For some of their programs, they lend purely based on the equity in your home. You failed to specify in your complaint why they declined your loan. You are not telling the whole story. You are blasting a company without telling the whole truth, or their reasons for declining your loan. Let's put it this way, if Delta couldn't do it, then no other lender will touch you. Good Luck
