Credit Union of Ohio – Downto...

Applied For A Home Equity Loan

I applied for a home equity loan and went through the entire process.

The paperwork showed that the appraisal would be $250 however, when it came time to do the appraisal we were told that ours would cost $400 with no explanation why.

We decided to go ahead with it and the appraiser came out.

The appraisal came in way low and the appraiser documented totally false information on the appraisal.

Also, he gave comps that were not appropriate.

When I pointed this out I was told that I could do an appeal of the appraisal.

I did the appeal and the appraiser corrected the false statements and also said that if I could find better comps he would use those.

I complained about this botched appraisal and asked for a refund of the fee since we paid such a high price for it.

We were refused the refund. This would have been the only appropriate resolution to this problem.

Is Credit Union of Ohio - Downtown Branch legit?
Credit Union of Ohio - Downtown Branch is not a legit business owner or provider. They are not aggressive towards their customer satisfaction and complaint grievance, and hence 1 consumer(s) was/were given a Credit Union of Ohio - Downtown Branch as a negative rating, and only a few left positive feedbacks.
Where is Credit Union of Ohio - Downtown Branch located?
Credit Union of Ohio - Downtown Branch is headquarted at 152 E Broad St Columbus, OH 43215. We do not have any affiliation with the better business bureau or yelp reviews platform. You can contact Credit Union of Ohio - Downtown Branch by dialing (614) 487-6650 or visit their website cuofohio.org.
How much monetary loss is incurred by Credit Union of Ohio - Downtown Branch’s customers?
According to the reviews posted by Credit Union of Ohio - Downtown Branch’s customers, US $3252 was the total loss incurred, and hence the severity of the scam is high.

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1 Review on Credit Union of Ohio – Downtown Branch

  1. This would have been the only appropriate resolution to this problem.

    I applied for a home equity loan and went through the entire process. The paperwork showed that the appraisal would be $250 however, when it came time to do the appraisal we were told that ours would cost $400 with no explanation why.

    We decided to go ahead with it and the appraiser came out. The appraisal came in way low and the appraiser documented totally false information on the appraisal. Also, he gave comps that were not appropriate.

    When I pointed this out I was told that I could do an appeal of the appraisal. I did the appeal and the appraiser corrected the false statements and also said that if I could find better comps he would use those.

    I complained about this botched appraisal and asked for a refund of the fee since we paid such a high price for it. We were refused the refund. This would have been the only appropriate resolution to this problem.

Reviews:1
Reported Loss :3252 $
Severity of Scam :High
Reported by : Anonymous
Views :