Sign in  

Real Estate Investment

Sharing is caring! Are you having problems with Real Estate Investment? Use ScamPulse to file a complaint.

Real Estate Investment Reports & Reviews (2)

- Phoenix, AZ, USA • Nov 23, 2024
Report

Lamar Fletcher first contacted me in May/June of 2023 via a Facebook message. He boasted about a 30% return on investment on real estate in 3 months. He claimed to be a fund manager. He stated that the investments are in short term rental properties. The investment was “secured” with a signed promissory note. $15000 was wired to him (account number and address available upon request). When it came time to get my money and returns back upon request, he could and would not make do on his promise. Further, he would not provide documentation on the investment property or and sort of finances. I still have not received my money back in over a year. He has several lawsuits against him, and many other investors who were scammed by him.

Useful
Reply
Report

Flip and Fast Loans advertises 100% purchase and rehab hard money mortgage loans for real estate investors. After I provided them all my personal details such as income, credit score and business entity, they approved me for a loan by phone and send me an initial term sheet on July 21st, 2023. In order to have access to the loan, they demanded I send them a deposit for their lender fees by bank wire. After a week, they never sent me the actual loan and closing estimate but moved my application to a line of credit to help streamline my real estate investments. They asked me to send an additional deposit by wire transfer for the line of credit on July 28th, 2023.

After several weeks now and sending them two bank wires for a total of $10,000, Fast and Flip Loans has never sent me any loan estimates and closing documents for my real estate investments and has kept my $10,000 deposit and will not refund it. Due to their delays and lack of execution I have lost real estate investments because they failed to perform on the terms they approved me for. The underwriters have not responded with any loan estimate terms and they told me even when they send it, the terms will change which is also illegal to purposefully plan to change the loan terms without any cause. This is a fraudulent mortgage lender and they are preying on real estate investors who are seeking lines of credits and loan terms for their investment properties and have no intention of executing on the mortgage loan terms they initially approve you for. This is bank wire fraud and mortgage lending fraud.

Useful
Reply
Check fields!

Report Real Estate Investment


Upload here Increase visibility and credibility of your review by
adding a photo, document or video
Submit

Real Estate Investment Contacts

If you know any contact information for Real Estate Investment, help other victims by adding it!

Add new contacts
| A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | New