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Watch out for Lenders who pull their committments

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Real Estate Agent with Coldwell Banker 01191797
I'm trying not to write this post in anger, that's so hard to do....beware of a Southern California lender who is making committments it cannot keep. The worse part is the lack of intergrity that exist within this company. Continuosly telling you that your next to fund, after all the docs have been signed, i's dotted, t's crossed and then they just keep you dangling forever only to pull the plug at the absolute last minute. Now I would really like to let the entire real estate community know who this alleged "lender" is, and I want so bad to put their name in my blog for everyone to see, I just do not think that would be ethical on my part....any thoughts? Am I being unethical by naming names? Someone who is interetsed in protecting others from this fate......
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Jeff Kessler
Austin Homes, Realtors www.OwnAustin.com - Austin, TX
Broker,CLHMS,GRI

No, Bad lenders need to go to prison  The way they screw people really makes us look bad.  I guess you could just give the first initial.

Ha,

J.

 

Nov 30, 2007 08:00 AM
Ricardo Bueno
Diverse Solutions - Los Angeles, CA

If you promised a rate you can't commit to, you should eat the difference. That's just my humble opinion! I'm sure some people would disagree with me. 

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Nov 30, 2007 08:08 AM