Had contact with Peter Yeung in early March and was told he could help us get money to build an addition to our house. He found someone who could do it for us and we signed with the belief of receiving the money. Suddenly he said we need to have an appraisal after we signed the agreement which we felt was based on income. It all looked good until then so we asked what happens if the appraisal falls through and does not qualify us. He said he knew the right people and would make sure the value would make us qualify so we felt confident in him to spend $500 on an appraisal. It fell through so he found someone else. We again signed for another lender and was told that there would be fees that would have to be paid but not till at the end of the construction and would be taken off the top of the money that would be given. We signed for $125,000. We waited for a long time for him to finish his end and could not figure out what the hold was.
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