- Report: #1500593
Complaint Review: Simpson Financial Services - Flower Mound Texas
Reported By:
Cary -
Norristown, Pennsylvania, United States
Submitted:
Updated:
-
Author Confirmed
Why?
Simpson Financial Services
3131 Cross Timbers Road Flower Mound, 75028 Texas, United States
Phone:
832-674-1510
Web:
simpsonfinancialloans.com
Categories:
Business Rating:
(0)
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Simpson Financial Services Simpson Financial Loans Fake/Scam RE Investment Funding Services Flower Mound Texas
Todd Simpson of Simpson Financial Services represented that he could fund real estate investment deals. He provided good terms for a deal my partner and I were needing to have completed in less than 15 days. Said he need $2500 to cover appraisals and loan fees. We paid the $2500 and he never provided the services or the funding after keeping us on the hook swearing that he would provide the funding. Ended up losing the deal and a earnest money deposit of $10K+. He only got on the phone once more after the $2500 was paid. Would send a text or email every couple of days saying he was "working" on the funding. Never scheduled the appraisal and did not return any of the $2500.
As a matter of fact, during the process, he switched the approach saying the appraisal wasn't needed and his funds would be provided based on credit scores. He then asked for money to be provided to him and he would pay off the debt and include in the loan amount. Did not fall for that and simply paid off the debt directly. And when that was done instead, he said his wife got COVID and he needed extra time to take care of his wife.
This guy is a scam artist. I have asked him to return not only the $2500 that was paid to him but to cover the earnest money that was lost in the deal falling through. Of course, have not heard back from him.
Do not do business with Simpson Financial Service or Todd Smimpson who is the "name" behind the business but suspect that is just is business or American name since he has an Indian accent.
