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Property Analysis City Center: Colorado Springs

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Property Analysis City Center: Colorado Springs Reports & Reviews (1)

- Colorado Springs, CO, USA

You receive a letter from "Property Analysis City Center: Colorado Springs. The letter is "Time Sensitive Enclosed" The letter goes on to state that their recent market analysis has determined they your property located at; and they will list your physical address; may be eligible for an equity disbursement of; and they will list a dollar amount; through your VA Guaranty. Equity disbursement is unrestricted in use and can be limited in amount at your request,

The letter gives you a phone number to call, but when you call it, the message immediately tells you to to call "Protection One" at another number. Then the letter throws in an important note *** Note*** It is important that you contact this department within 5 days of receipt of this notice. Next on the letter are three very well known symbols used in the banking market. 1) FDIC: I called this office and they stated they never heard of "Property Analysis Center: Colorado Springs. Next is "The "Federal Savings Bank" the person there said he was the Vice President of the Bank and the program did belong to his bank. I was asked to send a copy of the letter to him via e-mail, I tried 3 times and each time the e-mail came back as deliverable. The last symbol is the "Equal Housing Lender", I called their mail office ans was told they too have never heard of "Property Analysis City Center: Colorado Springs. The fine print at the bottom of the letter states "Offer for VA Cash Our Program only and all other offers will have have different terms. This is a third party offer from The Federal Savings Banks ans is not affiliated with your current lender or any other government agency. Verification of income, employment and home value may apply. Equity disbursement based on average of 3% appreciation per year on less original balance capped at 24 months. Equity Disbursement is only an estimate and may be higher or lower depending on market conditions and amortizations. Equity can only be disbursed through a new loan with "The Federal Savings Bank." This is a third party offer from the "The Federal Savings Bank, NMLS# 411500, NMLS# 411500,

300 N. Elizabeth St. Chicago, IL 60607.

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