Our Office sent Hard Equity Financing $1,900.00 in May because we were approved for a Blanket Loan in the amount of $55,000.00 and their office sent our office documents (LOI) and underwriting agreement stating we were approve for a a loan.
However, after several weeks of their office asking for miscellaneous documents and completing a BPO (Broker Price Opinion) for each property, we received several e-mails giving us a closing date, but at the last minute Hard Equity Financing sent an e-mail stating that due to doing another BPO the value of the properties were not the same and the property value was no long the same in 3 weeks for the initial BPO.
VIt's been over 3 months and we have not received a refund for the $1,900.00 sent to their office and our staff has been unable to get anyone on the telephone and their contract states if there is not loan there will not be a fee, but why has it bee over 3 months and we have not received our funds.
Is Hard Equity Financing a Scam/Fraud/Rip Off / Financial Game to use other people money to make money?
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