I have met and worked with many good, honest, knowledgeable and professional mortgage brokers. I appreciate the service they provide to the public as well as other professionals in the real estate industry. Of course every profession has it's share of bad apples. Most mortgage brokers, Realtors, appraisers, loan officers, doctors, lawyers, plumbers, electricians, painters, carpenters, pharmacists, writers, etc. are good ethical people, but there are always a few in each group that are not so good.
This post is about a mortgage company that I consider to be one of the bad ones.
I am a Real Estate appraiser in St. Petersburg, Florida and was contacted by Precision Plus Financial Services, which is located at 3801 Germantown Pike in Collegeville PA, to do an appraisal of a home in St. Petersburg, Florida. I performed the appraisal and delivered the completed report in July 2008. It is now October 2008 and I have not received payment. I have called many times and left many messages requesting payment. I have also e-mailed them requesting payment. They have not responded. The owner of the home that I appraised even paid them to have an appraisal performed. Lee Austin of Precision Plus guaranteed me payment verbally and in writing. I have left many messages for Lee and also for Jim Bissel the founder and president of the company. Of course they never answer the phone - all calls go straight to voice mail. This company is part of the problem in this country. The home owner paid them hard earned money. What they have done is stealing. I consider Precision Plus Financial Services thieves!! If you live or work in the Collegeville, PA area I urge you to be wary of this company.
David Miller, Realtor/Appraiser serving St. Petersburg, FL and the Tampa Bay Area.
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Residential Real Estate Appraisers specializing in Pinellas, Hillsborough, Pasco and Hernando counties. We provide professional, high quality appraisal reports. We a;so do appraisal Reviews.
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small claims court
Oregon has the Division of Finance and Corporate Securities Department. If Florida has something similar, I would ask them if they can help. Believe me, they can do more damage to a brokerage than any small claims court could...
It's infuriating, isn't it? Good luck.
It's definitely important to find the right
for your needs. Shopping around and knowing about the company is a great advantage.
Well, I guess they make a habit of this! Our office did an appraisal on 9/12/07 in Dushore, PA and was never paid for the work. Conveniently, Mr. Bissell is never available or just forgets to return calls! So he is pocketing all of the appraisal money, and yes, this makes him a thief! Seems to me that he needs to be taken down and made to pay back all of the stolen money!