HomeComings Financial Fraudulent
I have had a couple of short-sales in the works with this company and so far both of those deals were over 100k over leveraged. I dont know who they are usuing for appraisers or brokers but they are obviously using some form of fraud. I submitted a SS with them on one particular house and they lied to me about the bpo and told me it came in 50k higher than it actually did. I know this because i called the BPO agent back and she told me what she submitted it at.
My question is, what is their advantage to lying to me about the BPO value and rejecting my offer when my offer what actually higher than the original BPO.???
thanks, Ryan
" I know this because i called the BPO agent back and she told me what she submitted it at. "
lenders can use several different BPO reps... and can cherry pick the results to advance their position
yeah i dont know but the last two deals ive looks at were both over leveraged over 100K!! and both had home comings for their mortgage company. It seems to me that they are not legit. One day ill call there and one person will tell me they dont have a short-sale package and the next day ill have another person fax me one..i dont know..just stay away from that company, i had a mitigator swearing at me on the phone...
-Ryan