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Stringing Me Along.....
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Starting in April 2013, they asked for all the usual things to do a "re-fi". I told Fred Lontajo that I (and my wife) were retired and on Social Security. After asking for many things and Fred telling me that they are a direct lender so there is no delay
in processing a loan, they asked for a copy of the SS letters (each year SS sends you an eligibility letter stating how much you receive). We sent our copies to them. After getting our tax returns (which have our SS number on them) and the letters which show
we are receiving SS, they asked for a copy of our SS Cards! Then a girl that "works with Fred" Daniela asked for some more things, then a week later another thing, a week later another thing (which Fred asked for and I had already sent it to him), then another
girl asked for more things, and then they needed updated bank statements (I had send Feb and Mar), now they wanted May's since it had gone on so long. But the kicker was when another girl, Angie, asked for a R.E. Investment which is called a 'TIC' (tenant-in-common)
and for which I am a owner along with 32 others in an Apt. Building, they wanted to see my "Mortgage Statement" for this investment. After I sent them, as a test of their knowledge of Real Estate, the property and asset managers report showing that this 364
unit building has a 20 million dollar loan balance, I have not heard from them since and don't expect to. It seems to be a total waste of time (3 Months!) and I agree with Rob P. (Below)Stay Away. I'm guessing here but Fred and the many girls he has supporting
him are either overwhelmed, not well co-ordinated nor are they knowledgeable, or the direct lender is not true, or all of the above.
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