Usacomplaints.com » Business & Finance » Complaint / Review: American Savings Life Insurance Co.inc., & Attorney Gove Allen - Preditoral lenders attempt to strip land owners of equity, misleading terms on contract, charged for fire insurance thats not provided. #67128

Complaint / Review
American Savings Life Insurance Co.inc., & Attorney Gove Allen
Preditoral lenders attempt to strip land owners of equity, misleading terms on contract, charged for fire insurance thats not provided

This family run company is very decieving to even the trained eye. They are very receptive to potential borrowers that is untill they get you to sign the contract.

With my refinance loan they first came out to view my real estate to make sure I had enough equity to be worth the effort to strip me of my land. Once the two brothers David & Clark Allen had been to my place it was all green lights, however they did not come through with the financing for several months.

Waiting untill I was with my back solid against a wall then agreed to fund my loan for 25% less than originally set for.

This had effect of giving me just barely enough cash from refinancing after 15 years to pay the huge fees and costs of getting the loan paperwork set up.

Leaving me with a lot bigger payments to pay, with no realistic way to pay them. They tryed to get me short funded so that I would default on payments so that their Company could forclose on my home within a few months, flip the property at a fast sale reaping the fast cash of say only double their investment within a few months.

Well so far I have managed to keep them from their goal, by some crazy string of luck. I really just had a lot more in assetts laying around as inventory in my bargain center inventory than even they antisapated i would have.

They charge high interest rates, and even higher penalties, all in the name of helping you out.

Everyone be aware these people are relentless in there pursuit of unfortunate peoples homes. They have no feelings period.


Offender: American Savings Life Insurance Co.inc., & Attorney Gove Allen

Country: USA   State: Arizona   City: Mesa
Address: 935 East Main Street
Phone: 4808355500

Category: Business & Finance

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