We were mislead by The Money Store in Dec. Of 1995 when we purchased a home that was in severe disrepair.
Before the closing, I asked the representative of TMS if we could get the necessary funding along with the mortgage to make this place liveable.
They promised us everything we would need would beprovided.
5 minutes after the closing, I asked the rep. Again about when we should expect to apply for the improvement loan, and he said, "we really need to see 12 consecutive payments before we can do that."
I had to GUT the entire house, rewire, plumb, and reconstruct the house from scratch which inevidably ran
me broke before I could get anywhere near to "liveable" condition.
Lost my self-employment status for over 5 yrs., and had to get a job to regroup myself. An understanding wife and 2 young kids were involved in this mess as well.
We found a mortgage broker on the internet that would refinance afte 2 years of hell, Parkway Mortgage from Kenilworth, NJ.
I was adiment about not wanting the note sold to The Money Store if it was sold. They assured us this would NEVER happen. They did refinance the place, but 6 months later disappeared off the face of the earth, and sold the mortgage back to... (Guess Who...?) Homeq. Aka, The Money Store.
Thanks for ruining the last 7 years of a working mans life along with his young family's wellbeing.
Thomas
Woodford, Vermont
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