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Updated almost 8 years ago,

User Stats

69
Posts
27
Votes
Marques J.
Pro Member
  • Rental Property Investor
  • Medford, OR
27
Votes |
69
Posts

Warning: Watch out of Finance of America - time suck refi

Marques J.
Pro Member
  • Rental Property Investor
  • Medford, OR
Posted

I am on my 60th day of a simple, well leased, free and clear refinance of a rental I own with Finance of America. Slam dunk deal. Their communication has been the worst I have ever dealt with. They don't have their business in order. Something is going on over there, maybe all the buying of companies but they don't give a rip from what I have experienced. 

I put in a complaint and blame was put on the appraiser and my insurance agent and me. Even though I return docs in minutes not days, they hire the 3rd party appraisal company and my agent couldn't get a call back from the insurance department for over 4 days after I was told they would call me.

Just a warning for all. From what I am experiencing Finance of America is a joke right now.  

  • Marques J.