Quicken Loans
Took My $500 and the Loan Never Went Through

Business & Finance

I saw Quicken's ad on TV & thru e-mail and I wanted to lower our monthly mortgage payment. Both my husband & I are disabled & we really couldn't afford $500 on top of our monthly mtg payments. They told me that my loan would go thru before my credit card billed me & I would get back the money left over from the appraiser. Well it didn't!

I knew our credit was excellent & should have no problem there. Quicken over estimated the value of our home and that's when they said our loan wouldn't go thru & for us to wait another year to try again. I ask them when we would get our refund and how much would it be. I was told the appraisal was about $350 & so far I have gotten it back.

I am really sick over this. It took them from Nov.'03 to Feb.'04 to come to their ultimate decision. The guy I talked to was 25 yrs old. He was polite & convincing, but he ripped an almost senior couple who are having a rough time with illnesses and trying to keep what we have.

Patricia
Waianae, Hawaii
U.S.A.


Company: Quicken Loans
Country: USA
Phone: 8008634338
Site: quickenloans.com
  <     >  

RELATED COMPLAINTS

Quicken Loans
Misled After Loan Denied Following Termite Treatment

Quicken Loans
Deposit Kept After Loan Was Not Possible Under Agriculture Rules

Quicken Loans
Insisted on $500 Upfront, Failed to Make Loan and Kept Money

Quicken Loans
Unethical Bankers and Non-Refundable $500 Deposit After Cancelling

Quicken Loans
Appraisal Far Below Earlier Value and $500 Deposit Kept

Quicken Loans
Loan Denied and $500 Deposit Kept After Refinance Promise

Quicken Loans
Good Faith Deposit Used for Appraisal Despite Refund Promise

Quicken Loans
Loan Sold Back to GMAC After Paying Interest Up Front

Quicken Loans
Loan Rejected for No Comparable Sales Despite Rehabbed Property and $500 Fee

Quicken Loans
Approved Then Never Given Loan After Repeated Document Requests