Tom Spaniel – Preston Hollow Financial Services

Very Bad Experience

He is my very bad experience with Tom Spaniel of Preston Financial Services. Tom was doing the loan on a home purchase for us and two days before closing and unbeknownst to us, Tom calls my Realtor and says that the we are short $300 needed to close.

He says if the Realtor does not contribute $300 from his commission towards my closing cost, we will not be able to close and the deal with fall through.

Meaning my Realtor won’t get paid his commission and we won’t be able to purchase the house.

We did not know this was going on at the time but found out about it after we had closed.

My Realtor, without telling us about it, agreed to pay Tom $300 from his commission so we could close on the house.

We also found out that Tom, being the loan officer, was making a substantial commission on the transaction.

My Realtor later told us about what had transpired. Come to find out from the title company that what Tom had told my Realtor was all a big lie…..there was never any $300 shortage on the funds we needed to close.

In effect Tom had instigated a $300 shakedown but my Realtor went along with it so that we could purchase the house.

He had just made all this up to get an extra $300 out of our Realtor.

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Tom Spaniel - Preston Hollow Financial Services reviews are no way affiliated with yelp & reddit. Their business is located at 13709 Braemar Dr, Farmers Branch, TX 75234, USA. Tom Spaniel - Preston Hollow Financial Services could be contacted by dialing (214) 802-9266 or logging on their website tomspaniel.com. Tom Spaniel - Preston Hollow Financial Services business page on Dirty Scam received 2 consumers reviews/complaints, page views and 5442$ of monetary losses. The most of the users reported the severity of the scam is Medium.
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2 reviews on Tom Spaniel – Preston Hollow Financial Services

  1. I highly Not recommend Tom Spaniel for any home loan and financing needs.

    I highly Not recommend Tom Spaniel for any home loan and financing needs. He was very professional and timely. His hard work helped us lock in a great rate for our home loan and made everything easy for us.

    We are first time home buyers and Tom made this process as stress-free as possible. He kept in constant communication with our Realtor and always kept us in the loop! We have already recommend Tom to several of our friends.

  2. I recently had the pleasure of working with Tom on the purchase of my home.

    I recently had the pleasure of working with Tom on the purchase of my home. Tom made the enteire process very easy and was there for me every step of the way. When I was ready to make the offer he was able to get my approval letter quickely & closed the loan in 30 days.

    Throughout the process he was always available to answer my questions and keep me informed. I would definitely recommend Tom to anyone looking to purchase a home in the future!

Braemar Drive 13709
Farmers Branch 75234 TX US
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Reviews:2
Reported Loss :5442 $
Severity of Scam :Medium
Reported by : Anonymous
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