Specifically, I paid a fee to Ron Haddad – Key Mortgage Services of $450 prior to receiving my inspection on a home.
Once we decided to withdraw our offer because the builders didn’t acquire the proper permits to build the home, Ron promised to transfer the paid fee to the next property.
Again with my luck, the inspector found mold all on the lower level of the home and so of course I withdrew my offer on the home and about a week or so later I received a letter from Key Mortgage in regards to dropping my loan services.
I am a first time home buyer and my attorney was explaining to me that this company should not collect any fees until after the inspection.
I was so eager to find a home I never knew how the process should work.
My idea was to follow the loan officer and I would be fine.
Another issue that I’ve encountered is that he’s an excellent talker, I think he knows his numbers but he refused to provide me with many worksheets that I’ve requested.
From my understanding, I should be able to request a worksheet containing rates and the breakdown of the mortgage payments without any issues.
This made me very leery about his character because if what he was saying is so true, why couldnt he put it on paper???
I am currently working with a new mortgage company and they haven’t once asked me for a dime and I have gone through several offers that have fallen through either for bad inspection or simply because someone has beat me to the offer table and with their earnest money.
All I can say is proceed with caution and don’t pay this company a dime until you are certain that your deal is solid.
Oh by the way, I never received any of my money back.