1, Report:
#1526580
Posted Date:
May 26 2023
fixandfliploan Zach Collins Tommy Oliver Shana West Lynn Marvin Samuel Upfront commitment fee that never gets refunded
Company requires a Committment Fee in order to get a private money, asset based loan. They ended up dragging the loan underwriting out for a couple of months then inform me that the loan amount was below their minimum loan. OK, no loan, so I requested my deposit back but I never got...
Entity
Categories: fraud up front fee scam, Money Lender
2, Report:
#1519855
Posted Date:
Jul 19 2022
Fix and Flip Loan LLC requested $20,000 deposit for $2MM LOC. Did not provide product and does not refund borrower's deposit. Spokane Washington
Company advertises many loan products for investors. In June, 2022, we contacted them to provide LOC for customer. They responded our client is qualified for the LOC and needed 1% deposit to secure the $1MM line and the deposit funds are credited at Closing.
Informed there i...
Entity
Categories: mortgage lending