1st City Bancorp Mortgage

Fraud Company

Fraud company run by Joe Atab. While processing my loan with him, he keep saying my loan may not happen as I recently came back from India.

However he can get it done, none of the big company like JPM, Wellsfargo can do, which is kind of correct.

However he force me to invest in Secure Note for an amount 20k.

I was not much interested, however he made the situation like that I will process your loan with lot of care if you invest in secure note.

I end up putting money in that in condition that I want it back as soon as any my home offer get accepted.

He agreed to do that. On 5th Mar 2018, one of my home offer got accepted.

I followed up on getting the amount, he stop responding.

He also stop responding for loan for which he gave me pre-approval.

Toward the end he is threatening that, now you don’t talk to me talk to my Lawyer.

Is 1st City Bancorp Mortgage legit?
1st City Bancorp Mortgage is not a legit business owner or provider. They are not aggressive towards their customer satisfaction and complaint grievance, and hence 2 consumer(s) was/were given a 1st City Bancorp Mortgage as a negative rating, and only a few left positive feedbacks.
Where is 1st City Bancorp Mortgage located?
1st City Bancorp Mortgage is headquarted at 1190 S Bascom Ave Ste 211 San Jose, CA 95128. We do not have any affiliation with the better business bureau or yelp reviews platform. You can contact 1st City Bancorp Mortgage by dialing (408) 280-1960 or visit their website N/A.
How much monetary loss is incurred by 1st City Bancorp Mortgage’s customers?
According to the reviews posted by 1st City Bancorp Mortgage’s customers, US $3556 was the total loss incurred, and hence the severity of the scam is high.

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2 Reviews on 1st City Bancorp Mortgage

  1. Fraud company run by a fraud

    Stay away from Joe Atab and his company “first City bankcorp mortgage”.
    Joe Atab lured many people and raised over 150K of money from many people, promising them to invest is a company with return of high interest.
    Now ever after 2 years, he is defaulting, not responding and making funny excuses.
    California Business Oversight department has issues “Desist and Refrain” order against Joe Atab
    https://dbo.ca.gov/enf-a/first-city-bancorp-mortgage-inc/

    Stay away from this guy.

  2. This company is totally fraud.

    This company is totally fraud. Owner of this company Yousef Atabakhsh a.k.a Joe Atab, took money from many people, promising them to return with higher interest after 3 months. After 3 months he is defaulting and making stories and execuses.

    1. He collected around 130K USD from as many as 7 people, (could be more also), promising them to return them with higher interest after 3 months.
    Now at end of 3 months, he is defaulting and saying he donot have money to return.

Reviews:2
Reported Loss :3556 $
Severity of Scam :High
Reported by : Anonymous
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