Quicken Loans
Deposit Refused After Loan Failed and Home Under Appraised by $30,000
- 08-26-2006
- 18
We applied for a loan through Quicken Loans, after 3 mos of getting the run around and no straight answers we were informed we would not be approved. Prior to this they made us pay a $350.00 deposit to "secure the loan", then refused refund when our loan wouldn't go through. The reason we were not approved was because they under appraised our house, I know this because we had an appraisal done approx. 1 year before, and the new $ amount they gave us was about $30,000 less than the old appraisal. We recently replaced many doors and windows along with getting a new cedar deck, etc. There is no reason the valued decreased, if anything I would anticipate it has increased. We are very unhappy with them.
Company: Quicken Loans
Country: USA
Phone: 8002266308
Site: quickenloans.com