Mortgage Broker Scams Rip-offs

nyctrader · Joined: 04 Aug 2006 Posts: 3

Joe Cilento - WARNING Mortgage Broker Scam Rip-off

WARNING: DO NOT EVER USE JOE CILENTO AS YOUR MORTGAGE BROKER
Joe Cilento and American Financial Resources, offered me a rate of 5.875% with 1.25 points. I was told this rate was locked. They then raised the rate on the closing date without ever mentioning anything to me and still took the points (almost $3,500), then when I complained to the regulators, Joe Cilento the mortgage broker and the CEO of the company Richard Dubnoff proceeded to consistently lie and deceive them just to continue ripping me off and scamming me on this home loan.

DO NOT EVER USE JOE CILENTO or American Financial Resources as your mortgage broker or mortgage company under any circumstances. They will, in my opinion, do everything they can to rip you off and scam you if given the chance. If you do use them or any mortgage broker for that matter make sure you learn something from this story and get everything in writing including the written lock rate letter.

The Mortgage-Pro · Site Admin Joined: 19 Jan 2005 Posts: 2248

Thanks for the mortgage broker alert.

nyctrader · Joined: 04 Aug 2006 Posts: 3

You can find the whole story of how I got ripped off by the mortgage broker Joseph Cilento (AKA: Joe Cilento) and his company American Financial Resources on this site:
http://www.american-financial-resources.com/

Thanks and watch out for these immoral type of scam artist mortgage brokers.

nyctrader · Joined: 04 Aug 2006 Posts: 3

WARNING: Do NOT ever use Joe Cilento or American Finanical Resources as your mortgage broker.

There is a new homepage that tells the story of how the mortgage broker Joseph Cilento and American Finanical Resources ripped me off and scammed me on a home loan.
http://www.mortgage-broker-warning.com