Richard J. Pepsny
Admitted his firm committed fraud and owes me my money, but has yet to pay me back

I woudn't wish this firm on my worst enemy. I was desperate to save my home from foreclosure, but since I had already moved from my home I thought that I couldn't modify my loan. This salesman rep from Richard J. Pepsny's office assured me that that wouldn't be a problem and that there are thousands of programs available for people who don't live in their homes to have their loans modified. Great I thought. So I sent Richard Pepsny's office 4 payments of $600 over a few months, and heard nothing from them during that time.

Finally, after the 5th month, I called their office to ask them how my case is progressing, and they informed me that they cannot work with me because the home is not my primary residence! Excuse me? Your office explicitly told me that you could modify a home that isn't a primary residence, I told them. They asked me for the saleman's name, but I didn't know some salesmans name from 5 months ago, so they told me that I had no proof and that I could be saying anything. That told me that I should do my due dilligence and read every word in the contract, which says on the 7th page in small print that this is only for a person's principal residence.

However within the context of what Richard Pepsny's employee told me, that could mean that since I was currently renting, the home is question WAS my principal residence. I continued trying to get in touch with Richard Pepsny himself and finally, after TWO months of dealing with these worthless front office lackeys Paul and Kelly, He returned my phone call. He told me that he had been scammed by this particular salesman and that there were many other people in my same situation who were told by this person that they could have their loans modified when in fact they couldn't. Richard Apologized and said he would send me back my money, but would have to do it in installments because he didn't have the money. I said FINE, I just want my money back.

He sent me the first payment of $450 at the end of December, with a note on his letterhead stating that this was the first installment on the money he owes me. I am still waiting for the second payment, but as of April the 30th I haven't received it even though I spoke with Richard and he said I would be receiving it by the end of February. Then I called him three weeks ago and he assured me that I would have a payment the following week. Another lie. I have to call this guy every two weeks or so, which gets my bloodpressure stress levels up, to see where the hell my money is. Save yourself the headache of dealing with this guy and find somebody else.

Also, AFTER sending my money to him I did a little research about him (I know, I got the order of that a little messed up) and found out that he was involved in a real estate scam with his wife and that she was sentenced to 30 months in prison and he was found to be complicit. Very shady guy. I would never recommend this guy to my worst enemy. Do your research before sending your hard earned money to some attorney.

Company: Richard J. Pepsny
Country: USA
State: New Jersey
City: Red Bank
Address: 240 Maple Ave
Phone: 7328428505

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