Weve had 10 properties submitted to Golden Gate since this past April without a single closing. There has been a huge lack of communication from you all in regards to file updates and status reports. Golden Gate has routinely asked us to resend information that weve already sent and their organization appears to be mediocre at best
We have been in communication with other affiliates of GG who have expressed the same frustrations and not a single one has been paid on a closing; many of them had properties submitted well before ours in April.
Golden Gate claimed that theyve done these deals before when the truth is that you have never negotiated a mortgage note pool, yet you still continue to charge monthly affiliate fees from members for a service which you are all unable to provide.
I expect a full refund for membership fees paid up until this point and expect to hear a status in regards to this before the end of the week or I will be filing complaints with the Federal Trade Commission, the Attorney General in your state and the Better Business Bureau. The complaints will contain much more detail in regards to what has transpired as a result of working with your company. You are ripping affiliates off and giving homeowners a false sense of hope.
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