Dohardmoney.com problem

[Richard Nash]

I recently got ahold of a hard money lender from Utah. It is called Dohardmoney.com. I found them on this site. I told them I was interetsed in a hard money loan. They told me I needed some skin in the game and wanted a $1200 deposit. I gave them the money. After a few months, I have learned I am not ready to get into flipping houses. I told them I wanted my deposit back. They told me no, I have kept asking them, however, 6 months later they still have my deposit. I really don't feel this is right. I would just warn people to stay away from them.

[Derek Smith]

@Richard Nash 

Was there a contract in place, something that outlines the specific terms and agreements for the transaction?

If the answer is no, well then I hate to be the barer of bad news, but it may be lost.

Before I hit 'post reply' I did a quick search and based off what I read from BBB it sounds very shady, as there are multiple cases of people losing money. I did also find another BP post about this company, and after a skim through only 1 person stated success or any amount of pleasure working with the company.

Personally, I sounds like a scam to me.