Magnifund Group

Another phony from Magnifund has posted on this site as "Jay from San Marcos", citing that "Magnifund Group has resolved the issues and the outcome is excellent". This is a complete lie. They have resolved nothing. They are total frauds. They commit malicious libel on the internet against you if you dare to inform the public of their thieving ways.

They defamed me and my company with 4 easily provable lies as payback for exposing them. What goes around, comes around. Remember the post I referenced, yet another misrepresentation, by Magnifund Group.

The people at MagniFund Group took over my loan in mid process. It was a difficult transaction because of the second lien on the property we were trying to purchase. Initially, we thought it was them that were delaying the loan closing but found out that it was not. They had to go through a lot of hoops to get it done but did. The efforts expended in the loan was above and beyond what we could expect. I can't say the same for the other company who wasted time and hundreds of dollars.Yikes!

I don't have any complain against the Magnifund Group. They are good enough to solve my problems. But I faced some problem with one of their employee. I don't like that kind of aggressive attitude they have shown, otherwise all the things are good.

I had 6 to 10 phone calls per day. When answered, the line is dead. It has been months of calls with same result.

Applied for a refinance in January, began the provess in march. Rate quoted was 4.5%. After 3 months, broker said processor "messed up", and the bond market had crashed, so rate jumped to 4.75%. We paid for 1st appraisal at $400.00. Broker called and said laws have changed and a second apprasial was needed. I said I would not pay for a second. He said it "would be on the house." When it came to signing docs in late July, I noticed I was charged for the second apprasial and the loan cost had shot from $659.00 to $1700.00. I called the broker at doc signing and he promised that I would get the $350.00 back and the $659.00 back as well. I asked him to make sure, because the loan was not cost effective, and I would not sign without the guarantee of the money back. I have contacted him numerous times by phone and email (saved copies). He said the the appraisal check came to them, but he must have overestimated the money back. He now ignores my emails. I also emailed his branch manager George. No response.

I now owe more on my house, spent money on the fees that I could not afford, was lied to by the broker, need that money back to pay the mortgage.