Ok sometime in october, my husband called this company SFG and we spoke to a MIKE @$%^ my husband told him that we would like to refinance and he told MIKE all our financial problems and debts, so our house needed to be appraised right away we wanted to shop around for prices on appraisels because they can get very pricey so we had to stick with this one guy because mike said he could refince the house sooner if we got it done right away so we did.
So our house appraised at 110,000 and we owned 76,764 or so on our first loan our second loan we owned 3466.42 or so we wanted to put a couple of other things in the refinancing about 2,000.00 worth of credit cards our property taxes which were 2385.00 and still get about 4000.00 in cash back so mike said no problem, we had to over night tons of documents to him and pick up tons of faxes at the local staples, and send them back asap so we did that and spent a lot of money on that, he told me they would give that money back to us okay i said. So our closing was set it was going to be before the 16th of november no later he kept saying i was getting a little worried cause i was advised not to pay the bills i was refincing cause it would mess up the pay off prices, so i skipped my 2 mortgage payments 3 credit card payments and my local property taxes were coming up, so the 16th of nov came around and i guess the company messed up on the papers and thay only listed my house as a 1 family home oh ya i have a duplex
So then i had to fax and send more papers asap so when mike got those papers he said well i'm sorry now we can't pay your small credit cards or give you the cash you need, okay well know came the property ins. My old ins. Was just about expiring and this company wouldn't take me back because i have a daycare in my home and they wouldn't carry such a liability, so i need ins. Then adnow that DAY so i went with who ever i could find and they wanted 2,300.00 up front who has that kind of money just laying around so fortnatly the ins. Guy was a family friend, and he told ins guy we will give you the money when they sign the loan papers, they were rolling the 2,300.00 into our loan okay finally the day came when we closed on the 13 TH OF DECEMBER
That is 1 month after we were supossed to close, that night when the lady came out to our house to have us sign the papers there were some things i questioned in those papers so i called mike up and he seem to have all the answers SO I THOUGHT then on a thursday afer we signed the papers mike called up and said the lady that came out to your house forgot to have you sign some of the papers, so again it was about 3 days later the lady came out,
All the papers were signed and we were waiting for our checks to come in the mail it took about 2 weeks for my old mortage company to be OVER NIGHTED there checks and just yesterday i contacted my local county clerks office to see if they recieved the checks the bank was supossed to send to them they got 545.00 out of the whole tax amount due, and the ins guy recieve about a 33 % of what he was waiting for and he said if he didn't have the money by tomorrow he would have to cancel our ins policy, so that is what we had to do we HAVE NO INS. Plus we were supposed to get all that money back from faxing and shipping things we just had to get there right then and there. So now the taxes aren't getting payed nor do i have ins. And i did all this to save $14.00 a month at first it was supossed to be 450.00 a month we would save, but the farther we got into this mess the more our credit got messier and we couldn't pull our selves out of the late charges and the already bad scores on our credit reports.
Today i found out this company got there liscense taken a way in the state of new york and they have lots of cases against them already I contacted the vermont department of bank associations because mike told us there was errors in the hud statement so all our numbers on our statement needed to be changed. Mike wants us to come back to him in about 6 months to try this again I DONT THINK SO I WILL NEVER DO BUSINESS WITH THEM AGAIN AND I WILL TELL EVERYONE ABOUT THIS EXPERIANCE the vt bakers association will be investigating this problem and i hope first gaurentee will make this right or i will be the next one to file a suit against them.
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