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Review 2/23/2008
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My partner and I bought an LLC with guaranteed line of credit for real estate. the LLC was delivered but no funding could be found for any property presented especially one with 850K appraisal and loan for 450K. They refused reimbursement and lied to the credit card company, BBB, and told us that we were insignificant people who can't fight their big company power. THE BBB does not show our complaint as unresolved,I am not sure where they list it. So, Good luck and watch your back form several sides.
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Business's response - by Kevin W.on 7/14/2008
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Though we care about our clients, we must respectfully say, your posting has numerous inaccurate statements. You wanted to buy a house for $425,000 but what you failed to mention is you wanted to borrow $700,000 to cover the fix-up costs. That is a loan-to-purchase ratio of 165%. Lenders typically lend based on on the lower of the purchase price or appraised value. As you admitted, we had a lender who said he would finance the property if you would offer more collateral. You were able but you refused.
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