Quicken Loans
$500 Good Faith Deposit Charged With No Appraisal Done

I've seen from other reports here that Quicken did to others what they did to me - charged $500.00 as a non-refundable "good faith" deposit. It was also stated in these reports that part of this deposit is the charge for the appraisal. I never had an appraisal done. In fact, I told the loan officer that before scheduling any appraisal I wanted to shop around to see if I could get a couple of quotes, which I believe everyone has a right to do. So what I paid $500.00 for exactly, I'm not sure. Again, I should have questioned it immediately, and moved on to another lender. An expensive lesson.

Company: Quicken Loans
Country: USA
State: Michigan
City: Troy
Site: quickenloans.com

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