A lender just refused to lend after spending all my $24K deposit.

[Ev Senter]

Do commercial lenders have any requirement to protect the interest of their clientele? With residential and up to 4 units the lender would certainly check out your credit and financial condition before asking for a loan ap fee. I just got stabbed by a lender who ordered lots of 3rd party reports and did not decide for months to tell me that my credit report was not good enough. Should they not have held back on ordering the 3rd party reports on the property if the credit report was not good enough? What do I do?

[Brent Coombs]

@Ev Senter, the way you've worded it, this can ONLY be a scam!

"A lender who ordered lots of 3rd party reports"?

"A lender just refused to lend after spending all my $24K deposit"?

Lenders don't come any more fraudulent than that! All the best in bringing justice to bear...